Say yes to more work
Use the value in eligible invoices to support new placements and projects. Keep people paid while clients work to longer payment terms.
INVOICE FINANCE FOR RECRUITMENT, STAFFING AND CONSULTANCY FIRMS
Turn work won into what's next.
Pay your people and take on your next opportunity while clients work to their payment terms. Sonovate brings invoice funding, payments and cash flow visibility together, with up to 100% prepayment on eligible invoices.
Backing the businesses
that put people to work.
£8bn+ funded since 2014
3,300+ customers
From work delivered to money moving
Put your invoices
to work.
From invoice to payment, know where every pound stands. Your team can see the money available and plan what happens next, with collections handled by us or by you.
- 01
Start with your plans
Tell us about the work you're winning and where you want to grow. We'll help you find the right funding setup for your clients, invoices and way of working.
- 02
Connect the work
Bring eligible invoices into Sonovate using the process that fits your business. Accounting connections, including Xero, keep funding in step with the systems you already use.
- 03
Fund your next move
Draw up to 100% of an eligible invoice, or less if that suits you better. See what's available and put it towards payroll and new work.
- 04
Collections, your way
Our credit control team can chase your clients, or you can keep doing it yourself. If you've drawn less than the full amount, you get the rest as soon as your client pays.
Why Sonovate
More capacity.
A clearer view.
Funding gives you room to take on more. Sonovate adds the visibility and support to manage it as you grow.
See where you stand
Funded invoices, available balances and payment movements in one place, so you know what's available before you plan the next payment run.
Take on the bigger client
Client credit checks, in-house collections and 95% Bad Debt Protection on eligible invoices help you manage customer risk as you grow. Cover is subject to the agreed conditions and exclusions.
Your business. Your way of working.
Keep what works.
Connect what's next.
Start with the funding you need. Connect payments, timesheets and invoicing when they can help your business handle more work. You choose how much of your operation to bring into Sonovate.
Start with funding
More cash flow.
Familiar processes.
Already have your invoicing and operations in place? Start with funding on the connected platform while keeping those processes as they are. Add more of the platform later, when it's useful.
Explore fundingFund and connect operations
Less admin.
More placements.
Connect approved timesheets to invoicing, funding and payments. Give your team a repeatable workflow that keeps up as placements grow.
Explore timesheets and invoicingUnderstand invoice finance
Two ways to finance
your invoices.
Both release cash from unpaid invoices. The only real difference is who chases the client.
We collect
We fund your invoices and our credit control team collects from your clients. Anything you haven't drawn comes back once they've paid.
See the full invoice factoring breakdownYou collect
We fund your invoices and you carry on collecting, so nothing changes in how you deal with your clients.
Choosing a provider
Choose funding that
supports your ambition.
Start with what you want to achieve, then compare providers against the same ledger and growth plans. Look at the cash you can use, the work your team can save and the total cost. Ask these questions of everyone, including us.
Read: choosing the right funding partner for growthRoom for your next opportunity
Which invoices qualify, what percentage is advanced, and what reserves or client limits reduce the cash you can draw? Ask how availability changes if your largest customer grows or pays later.
Cost against business value
Are charges based on invoice value, funds drawn, time outstanding or a combination? Request every fee and minimum charge in writing, then compare normal trading, slower payment and growth scenarios.
Confidence in your customer book
What is covered, what share of a loss remains yours, and which conditions or exclusions apply? Ask what happens with a disputed invoice or a customer who pays late or cannot pay.
A fit for the way you work
Who handles invoicing, reconciliation and collections? Check supported integrations and the work your team retains. Ask how notice periods, outstanding invoices and the first payment run are managed when switching.
Frequently asked
Invoice finance questions,
answered.
What is invoice finance?
Invoice finance lets a business access funding against eligible unpaid invoices rather than wait for customers to pay. The provider agrees which invoices qualify, the amount available, charges and repayment or collection arrangements. You'll also hear it called invoice factoring or invoice discounting.
Which currencies can Sonovate fund?
Sonovate supports invoice funding in multiple currencies, including GBP, EUR, USD, AUD, CAD, CHF, DKK, NOK and SEK, so you can take on clients in new markets.
Currency availability can depend on your business, clients and funding requirements. Speak to our team about where you're registered, where your clients are based and the currencies you invoice in.
What determines how much funding I can access?
Available funding depends on eligible invoice values, your agreed advance rate, customer credit quality and any applicable limits, reserves or charges. We fund contract, permanent and statement of work invoices. Advance rates can vary by invoice type, so we'll confirm yours once we know your plans.
How much does invoice finance cost?
Pricing depends on your plans, your clients and your ledger, so an honest figure needs those first. Tell us about the work you're winning and who you invoice, and we'll give you a written breakdown of every charge, minimum fee and payment timing. Ask any other provider for the same and compare them side by side.
Can a new recruitment business use Sonovate?
Yes, Sonovate works with new recruitment businesses. Tell us about your customers and the work you are winning so we can explore the right setup. Funding depends on your business circumstances, customer credit quality and eligible invoices.
What happens if my customer does not pay?
Sonovate provides in-house credit control and 95% Bad Debt Protection on eligible invoices. Protection does not mean every unpaid invoice is covered. Ask us to explain the cover, exclusions, any remaining exposure and your obligations under the agreement, including how disputes are handled.
Can I switch from another invoice finance provider?
Yes. Tell us who you use today and when your notice period ends, and we'll build the move around it, including how outstanding invoices are handled and when your first payment run with Sonovate happens. Nothing changes until timing and responsibilities are agreed with you.
Do I need to replace my back office to get funding?
No. You can use funding through Sonovate while retaining your existing invoicing and back-office processes. If you want to connect timesheets, invoicing and payments too, we can explain how to add those capabilities as your business needs them.
Will Sonovate work with my accounting software?
Sonovate offers accounting connections, including Xero. Tell us which package and processes you use so we can confirm the supported connection, what information it shares and any work your team will still handle.
Built for what's next
What could you
take on next?
A bigger client. More placements. Your next market. Tell us where you want to go, and let's explore how Sonovate can help you fund and manage the work.