Businesses have been advised to have good commercial and organisational awareness to survive any pitfalls.

Total Back Office Solutions can help you with your recruitment agency invoice financing.

Good commercial and organisational awareness is vital to coping with any future financial fallouts, companies outsourcing back office solutions like recruitment agency invoice financing may want to note.

A recent survey of 800 UK board-level managers by Egon Zehnder International revealed that only five per cent admitted that they were confident their businesses had the right internal resources to meet future challenges.

Commenting, Dr John McGurk, advisor on learning and talent development at the Chartered Institute of Personnel and Development, said that the ability to tackle commercial issues is a key skill that every business should have.

He said: "You need to know how your business makes money or how it serves its customers. You need people who understand that.

"The other set of skills that would be less apparent in this situation would be skills of creativity and innovation, particularly innovation because you need that to win new markets."

Recruiters can outsource invoice financing to an agency in order to ensure there is always someone chasing after pending payments, which can lead to cash flow problems.