Boosting finance and operational performance in the recruitment sector
Getting and staying ahead in the recruitment sector is no longer just about delivering superior candidate and customer experience. Now, recruitment businesses must not only look outwardly at their markets, their customers and their candidates; they must also look inwards too – at their operational effectiveness. This guide is a must-read for any finance leader in the recruitment world looking to improve efficiency and ultimately the firm’s profitability.
Action 2023 – Winning strategies for recruitment business leaders and FDs
Having a slick operation is paramount to running a recruitment agency that keeps your clients, candidates and consultants happy. This hub is packed with resources designed to help Recruitment Agency Owners and Finance Directors looking to improve their finance and operational performance.
If you have any questions our finance specialists will be happy to discuss, contact us.
The 2023 Guide to improved credit risk and cash flow for Recruitment Agencies
Recruitment agency business leaders and Finance Directors are looking forwards into 2023 and beyond as the sector – and the wider economy – emerges from the turbulence of the pandemic. Uncertainty remains, which means managing risk and protecting cash flow continues to be a top priority.
This guide covers the key steps to follow for an effective strategy for managing credit risk and protecting margin.
Powerful integrated credit risk management, finance and CRM for your recruitment agency
Video
Introducing the Business Health Dashboard in partnership with Experian.
The Access Group now partners with Experian to seamlessly blend your finance data with commercial business information.
- Single view of the strength, performance and creditworthiness of your customers
- Make more informed decisions for new and existing customers; adjust credit terms to reduce financial risk and target sales campaigns to yield the highest return
- Segment the data according to your business needs to identify and mitigate risk within your portfolio, proactively
- Get an accurate picture of outstanding debt and associated payment risk
- Early visibility of changes to the customers risk profile
- Streamline Credit Control through more effective prioritisation of customer debt
Factsheet
Leverage the power of integrated Finance, CRM and credit control management for your Recruitment firm.
Read the factsheet for an overview of how integrated finance, CRM and credit risk management can help Recruitment Agency Owners and Finance Directors eradicate operational inefficiencies, obtain an accurate comprehensive view of their business, and improve their financial management and cross-functional collaboration – especially between consultants and finance.
On-Demand Webinar
Why Recruitment Agencies choose Access Financials and a first glimpse of the new Business Health Dashboard.
Watch the webinar for an overview of Access Financials for Recruitment agencies and an introduction to our brand new Business Health Dashboard powered by Experian.
The 30-minute webinar covers:
- How to automate your systems and move away from manual processes and spreadsheets
- Avoid duplication of work – say goodbye to rekeying data from your CRM to your financial management system
- Management accounts and Business Intelligence - view your customer and financial data blended into a single dashboard allowing you to analyse and track key financial indicators to monitor all-round financial performance
- New Business Health Dashboard, powered by Experian - all in one place, get a single view of the strength, performance and creditworthiness of your customers by risk, then segment, drill down to explore and take immediate action. Providing early visibility of changes to your customers credit behaviour. An accurate up to date picture of outstanding debt and allocate resources more effectively to nurture financially robust customers and repeating debtors.
Blogs
How having ‘one view of the truth’ transformed Finance and Operations for these recruitment agencies
Does your recruitment firm use more than one system? Do your Finance team work separately to the rest of the business? Is rekeying data something that your staff have to do on occasion? Does it take a while to pull together reports for the leadership team? If you’ve answered ‘yes’ to any of these questions, then ‘one view of the truth’ could transform your business like it did for these customers. Read on to find out more
Discover how the Finance team can boost your recruitment agency success
Finance teams have long been separate to the rest of the business, often located in a different office to the sales and operational staff, and most likely with their own software tools and confidential reports. That used to make sense – but things have changed. Rather than keeping Finance separate, forward-thinking recruitment firms are now ramping up collaboration between their Finance people and the rest of the business. Find out why.
Unleash the power of your recruitment business information – how to use CRM, financial management and credit risk data to gain a competitive advantage
How well does your recruitment firm utilise the wealth of financial and customer data you process on a daily basis? How easy is it for your staff to collate and store that data? And can they subsequently find what they need quickly and use it for decision-making and reporting? Find out how to improve your firm's efficiency in this blog.
Is the ‘Great Resignation’ impacting your bottom line? 3 ways recruitment agencies can hold on to their best consultants
Is your recruitment firm concerned about losing high performing consultants in the Talent Wars? Discover 3 ways recruitment agencies can hold onto their best consultants and how the finance team can help.
A proven strategy to help FDs in the recruitment sector tackle bad debt risk
Are you a Finance Director in a recruitment firm who has seen debtor days rising? Are you concerned that the risk of bad debt might be heading in the wrong direction? Find out how to tackle bad debt risk in the recruitment sector.
