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 & consultancy businesses
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 contract invoices.
Backing the businesses
that put people to work.
£8bn+ funded since 2014Across Sonovate
3,300+ customersAcross Sonovate
From work delivered to money moving
Put your invoices
to work.
Bring invoices, funding and payments into a clear flow. Your team can see the money available and plan what happens next, while we handle collections.
Explore Sonovate's funding options- 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, help keep funding connected to your existing workflow.
- 03
Fund your next move
Access up to 100% prepayment on eligible contract invoices. See your available balance and use funding to support payments and new work.
- 04
We handle the chasing
Our in-house credit control team manages collections, giving your team more time for clients and growth. Any remaining invoice balance is released after payment under your agreed terms.
Why Sonovate
More capacity.
A clearer view.
Funding gives you room to take on work. Sonovate connects it with the information and support to manage that work as your business grows.
See where you stand
See funded invoices, available balances and payment movements in one place. Give your finance team a clearer view of cash when planning the next payment run.
Back your next decision
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
More capacity.
Less manual admin.
Connect approved timesheets to invoicing, funding and payments. Give your team a repeatable workflow that helps them handle more placements as the business grows.
Explore timesheets and invoicingUnderstand invoice finance
Two ways to finance
your invoices.
Both approaches release cash from unpaid invoices. The main practical difference is who manages customer payments.
Invoice factoring
A provider advances money against eligible invoices and manages collection from your clients. Sonovate provides funding and in-house credit control, with any remaining balance released after payment in line with your agreement.
Invoice discounting
Access funding secured against eligible unpaid invoices while your team continues to manage customer payments. Funding and charges are settled under the agreed terms.
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.
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. Sonovate offers up to 100% prepayment on eligible contract invoices. Other invoice types can have different terms, which we will confirm with you.
How much does invoice finance cost?
Ask for a written breakdown against your own ledger and expected usage. Compare the basis for each charge, minimum fees, payment timing and any setup or exit costs. Test the total when customers pay later or your funding needs change, as well as under normal trading conditions.
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. Start with what you want to improve, from available cash to the way your team works. We will help you map the move, including your notice period, outstanding invoices and first payment run, with responsibilities and timing agreed before switching.
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.