A Seamless Alternative to Managing a Bank Facility
Switching from a traditional bank facility to 3R’s funding and outsourced back-office solution delivered immediate advantages. It streamlined SLH’s operations and freed up valuable time to focus on revenue-generating activities.
"It’s a one-stop shop. From ledger reviews to freeing up funds, having 100% margin coming through every week, and even paying umbrella companies - it’s all accessible. Everything is taken care of, and that’s something we never had before."
Managing payroll in-house had been a major burden. "We used to try and do it with a finance director, and when you're processing high-volume payroll for multiple contractors every week, half my Fridays and Saturdays were taken up with admin duties."
Without the right systems in place, errors and inefficiencies were inevitable.
"If you haven't got a squeaky-clean process or a reliable system like 3R offers, then it’s all manual work - and that leads to problems. For us, it had become a major issue."
How 3R Stands Out in the Market
Having explored various funding and back-office solutions, Simon found that 3R stood apart from its competitors in several key ways.
"It’s a more user-friendly service, a user-friendly model compared to competitors, that’s for sure."
For a business managing multiple contractors every week, efficiency is crucial. "When you have numerous contractors out on a weekly basis, you need something that’s effortless. 3R is also highly reactive—you process timesheets within 48 hours of approval, which is a big improvement over previous systems we’ve used."
Beyond efficiency, the personal touch 3R provides made a lasting impression.
"What you have is a more personable service. A team that works with both us and our clients. It’s the end-to-end service you deliver that truly makes you stand out."
Scaling Up – The Road Ahead
With ambitious growth plans for the next 12 months, SLH is focused on expanding its operations, and with 3R as a key partner, Simon is confident about the company’s trajectory.
"We intend to grow, expanding our current offering into different sectors. Diversifying the business means increasing our headcount, so we’re looking to expand our team of consultants and strengthen diversity within the company as well."
A major factor in achieving this growth is having the financial freedom to reinvest without delays. "With 3R supporting us, we know we’ll have the cash available to reinvest. We don’t have to wait around for funds to come in before pushing forward with business development and expansion plans."
When asked how 3R helps SLH track progress toward its goals, Simon highlighted the power of the back-office system. "The back-office system is all-encompassing; it keeps track of individual client spend and our overall financial position in real time. We can see our revenues growing week by week, month by month, year by year, and with the touch of a button, we have access to all that information. It makes it easy to track where we are in relation to our business goals and make informed decisions about how to move forward."
By switching to 3R, SLH has gained the flexibility, support, and financial clarity needed to accelerate its expansion.
