Satago Supports UK-Wide Recruitment Agency Future Growth Plans with Flexible Invoice Finance

Satago was able to provide flexible, secure Selective Invoice Finance to a recruitment agency providing temporary staff across the UK, in the Property, Surveying, Construction and Conveyancing sectors. The agency wasn’t looking for whole book finance, and only needed to access the financing on an ad-hoc basis, so Satago’s selective option gave them the freedom they needed to pick and choose where they leveraged financing.

Rather than being tied into an exorbitant repayment contract, the agency only pay interest based on the invoices they finance, and the length of time they are financed for. Many lenders would insist on clients paying a monthly fee, whether they were using the financing facility or not, but Satago has built a solution that put clients in control and integrates into their existing software easily. In this case, the agency utilised Xero – and Satago could facilitate the connection process at speed, and even made it paperless, too!

“Very easy people to deal with, simple link to Xero and very responsive to all our very many questions. We feel we made a great choice and allows us to be entirely flexible as to when and whether we wish to take any finance.”

Client’s Trustpilot Review

Due to the breadth of different sectors and geographical spread of the agency’s customer base, there was a lot of fluctuation in incoming cash, creating unwanted cash gaps they couldn’t always pre-empt. Selective Invoice Financing provided the perfect short-term fix, raising funds against an invoice as soon as it was issued, thereby fuelling further company growth, as they could take on new clients and opportunities – without worrying about sudden cash flow crises.

If you’re interested in learning more about our Invoice Finance product, register your interest here and one of our team will be in touch.