Funding Solutions

A sensible approach to funding

Whether you're a start-up or a SME, we assess your needs and growth aspirations to offer a flexible 100% funding solution. Minimising the admin, time, and risk of funding your recruitment business.

Powered by our 'easy-to-use' back-office platform, as well as support from our compliance, accounts and credit control team-  You're able to get on with what you do best!

"I know I have the capability to grow with 3R!" - Karl Sweatman, Peaple Talent

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Contract Funding

100% funding solutions and fast contractor pay!
 
Whatever your current funding arrangement our flexible funding solutions enable you to streamline your service and maximise your growth.
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Permanent Funding

A total outsourced solution or an ad-hoc facility. 

Our flexible funding options mean you can choose to be ‘paid on invoice’ or ‘paid when paid’ and can be determined on a per-invoice basis.  Enabling quick and easy administration of perm invoicing and comprehensive financial reporting. 

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Back-office dashboard

A window to your back-office, 3R's automated back-office platform is designed with simplicity and security in mind.  It integrates seamlessly with leading CRM's for end-to-end solution. 

You can manage credit-checking and invoicing, letting automation and our dedicated team kick-in; to oversee payroll and collect client payments. 

Your clients and contactors interact with it where necessary and we have 98% 5*  feedback from contractors! 

Migrate your contractors to 3R

Our expert transfer team will work closely with you, following Asset Based Finance Association (ABFA) guidelines to audit your ledger and transfer your contractors.

We'll train you and your team on the back-office platform to ensure a positive experience for all involved.

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Proven Success

A typical recruiter transferring to 3R will...

£30k

Increase in Weekly Revenue

34%

Increase in NFI

56%

Revenue Growth

2 Days

Contractor Gets Paid

100%

Contractor Payroll Accuracy

98%

5* Contractor Rating

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FUNDING & BACK OFFICE COMPARISON GUIDE

Evaluate all your options to make informed decisions and choose the best solution to fuel the growth ambitions of your recruitment agency. 

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With a little help from our friends

Our network of partners empowers us to offer bespoke solutions and exclusive deals that perfectly align with the unique needs of your recruitment business.

Frequently Asked Questions

What is recruitment factoring?

It is giving you access to funds, to pay contractors based on future income from the client.

Our secure funding solutions pay 100% of the invoice value, and recruiters are paid weekly.

What back-office support do I need?

You need a secure, risk-adverse solution to manage your end-to-end, recruitment back-office function. 

Ideally with real-time, transactional financial data and a full audit-trail. 

The service should cover credit limits, online timesheets and remittance, payroll, invoicing and credit-control. 

3R's back-office solution does this for you. As well as having a dedicated team to support you as you grow. 

How are contractors paid?

Your contractors are paid within 2 working days via 'faster payment' to either their Ltd Company bank account or Umbrella Company. 

We run a daily payroll and your contractors will be paid within 2 working days of an authorised timesheet! 

What's included?

  • Funding for contract and perm
  • Back office platform
  • Credit limits
  • Bad debt protection insurance
  • Online timesheets and contractor app
  • Payroll and Remittance
  • Invoicing
  • Credit Control
  • Weekly pay and detailed statements
  • IR35 reporting
  • Financial reporting
  • Intermediary reporting
  • XERO support
  • Easy to administer statements for your business accounting
  • Ongoing business support from experienced ex-recruitment professionals
  • Dedicated Account Manager
  • Access to partnership deals and leading rec-tech 

What type of contractor can you pay?

At 3R we process payments for Ltd Company and Umbrella contractors. 

We also offer an ad-hoc PAYE facility, at our discretion. 

We do not work with CIS. 

How do you manage credit control?

Our dedicated team will monitor payments daily. You can also, clearly see when client's are late to pay the agreed invoices. 

We have automatic 'chaser' emails built into the platform and can go through to legal proceedings if necessary. 

The team are accessible and able to help manage this with you at any stage. 

What if the client has low or zero credit?

This can happen from time to time. 

Our compliance team work diligently, for you, to assess credit-limits with our insurers and via credit-safe. 

We are able to discuss options to support you in working with clients that have low credit. 

Some client's just cant get credit- anyone who says otherwise probably isn't being honest!

What if my clients don't pay?

Our thorough, diligent credit-checking and 'Confirmation of Hire' - authorisation process means that non-payments are rare. 

If you are making deals that are clear and upfront then it makes the process alot smoother. 

For contract and 'paid on invoice' permanent placements we are paying you upfront and managing credit control for you - bringing you in for support where necessary to manage client relationships. 

If a client goes bust then we have bad-debt protection insurance available, for 90% of the invoice value. 

How does 3R make money?

Simply, we only make money when you do by taking a percentage of each invoice we process.

It's a pay-as-you-go service, with no monthly costs. 

The only time there is an initial fee is for our comprehensive start-up solution, where there is a £400 upfront fee.

Can I transfer from my current provider?

Absolutely! 

Our expert transfer team will work closely with you, to understand your requirements.

We follow guidelines of the Asset Based Finance Association (ABFA) to fully audit your ledger and buy the existing debt from your existing supplier, on an agreed date.

Simple as that.

We'll train you and your team on the platform and monitor every action closely, to ensure a positive experience for everyone involved! 

Talk to us today

Being ex-recruiters, we're always happy to talk! 

Get in touch with our experienced team to explore your bespoke solution.

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