nsidering outsourcing recruitment agency invoice financing has been highlighted by news that small businesses' payment problems are worsening.
According the Forum of Private Business' latest Economy Watch survey, nearly one in five firms says late payment problems, which cause serious cash flow problems, have worsened.
Late payment and changes to payment terms and conditions are proving to be a major challenge for many small companies as, on average, 36 per cent of respondents' turnover is tied up in late payment at any one time.
Further figures from Bacs show that more than £30 billion in outstanding payments is currently owed to small firms in the UK.
"Small businesses continue to suffer from the blight of late payment, which devastates cash flow and forces firms into administration," said Forum spokesman Phil McCabe.
"For the sake of small businesses and the economy the new government must prioritise tackling the culture of poor payment."
Outsourcing back office solutions can allow businesses to let agencies chase their invoices and help with timesheet management among other issues.…
ontracts with multiple recruiting firms, and NO COST. Our concern, other than losing part of our fee to the site, is that payment of our fee now rests solely in the hands of Bounty Jobs; thus, should Bounty fall on hard times, we have no recourse to get payment, especially if our client has already paid Bounty. In the end we complied and have found so far that the site is user friendly, the people at Bounty are pretty responsive, and payment from Bounty, once available, comes quickly. You will have a hurdle if you are a firm that needs payment before guarantee period expires. Bounty has standard terms for guarantee periods and will not render payment until after the guarantee period has past.
Judy at email@example.com…
r best/credit-worthy customers) a 45 day net payment offer. It would also include a 5% reduction in the overall invoice for payment received within 5 business days and a 10% reduction for payment made in advance of the work delivered! What do you all think?…
ed that late bill payments have caused UK businesses to have invoices worth £15.7 billion, with small and medium-sized enterprises worst affected by the situation.
Commenting on the report, Steve Hughes, an economist at the British Chambers of Commerce, said that many typical payment issues still persist despite an improvement of conditions since the recession.
He explained: "The credit crunch exacerbated and laid bare the problems that can be experienced up and down supply chains as a result of longer payment times.
To avoid any problems, "businesses need to make sure that they have a clear and efficient invoicing process, with clear and agreed terms of payment with those that they supply", he advised.
One way to deal with this problem is enlisting the services of specialist agencies that allow business to outsource back office requirements.…
ent, thus making the hiring company the obvious choice. However, many of the definitions refer to a customer being on the receiving end of a service, but makes no mention of payment. By these definitions a candidate is just as much a customer as the company they are placed in. That is, of course, unless you don't feel recruiters add value or provide a service to the candidate. The fact that the definition of customer is relatively broad and doesn't always include mentions of payment being made is why I find this debate interesting!…
Added by Gino Conti at 1:57pm on February 13, 2009
The selected Consultant will be working on ACH Payment and Electronic Funds transfer applications such as Direct Deposit, Direct Payment, Business to Business Payment, e-checks, etc.
Senior Pacbase Developer Functions:
Provide technical consultation and development of ACH on the z/OS platform (10-15 years of experience)
Analyze business requirements
Design and write technical specifications
Team Members will perform a variety of development activities as part of a cross-functional agile team that operates under a Development Lead and includes a Business Analyst, other Developers, and a Quality Assurance Analyst
We are looking for a seasoned Pacbase Developer with COBOL, DB2, and CICS. Qualifications:
Agile Development experience preferred, including lean, scrum, and/or extreme programming methodologies
Development Skills by Priority: Pacbase/COBOL, JCL, DB2, CICS, CA7, Endevor, MQ and zOS
Familiarity with ACH or Payments (preferred)