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SERVICES
What we offer
Accounts Receivable
At GenZed, we recognise the unique financial demands that come with running a recruitment agency. Managing client relationships, handling multiple contracts, and ensuring timely payments are essential for keeping your agency’s cash flow healthy. Our Accounts Receivable service streamlines your invoicing and collections process, while also nurturing relationships between your agency and your clients’ finance teams. By blending expert oversight with advanced technology, we take care of daily bank reconciliations, personalised client follow-ups, and accurate reporting, allowing you to focus on placing the right talent while we manage your receivables.
What We Offer
Invoicing with Personal Oversight
We generate and send invoices on your behalf, ensuring accuracy through a thorough review process. Our team carefully manages invoicing to avoid errors, while establishing and maintaining strong relationships with your clients’ finance teams to ensure timely and smooth payment handling.
Payment Tracking and Daily Reconciliation
We reconcile your agency’s bank accounts daily, keeping your financial data current. Our system provides real-time updates on payment statuses, giving you full transparency on due, overdue, or paid invoices. By liaising directly with your clients’ finance departments, we ensure clear communication to avoid misunderstandings or delays.
Credit Control and Relationship Management
Our credit control goes beyond just numbers. We assess client payment behaviours and engage directly with your clients’ finance teams to minimise credit risks while maintaining a professional and positive working relationship. We can also remind clients of key terms, such as forfeiting rebate periods if payment terms are not met, ensuring compliance and avoiding financial complications for your agency.
Personal Follow-Ups and Issue Resolution
We personally manage all client communications related to accounts receivable. Our team works directly with your clients’ finance departments to follow up on overdue invoices and resolve any payment queries or discrepancies, ensuring smooth, respectful interactions that protect your agency’s reputation and relationships.
Cash Flow Forecasting and Impact Analysis
As part of our cash flow forecasting process, we give you full visibility into how delays or early payments from clients can impact your recruitment agency’s financial health. We help you plan ahead by showing how these factors affect your cash flow, giving you the tools to make informed decisions that ensure stability and growth.
Customised Reporting
We provide tailored reports with insights into your accounts receivable performance. These reports allow you to monitor payment trends, track key metrics, and make informed decisions regarding credit policies and cash flow management, all while keeping your client relationships strong.
How We Work
End-to-End Management
We manage the entire accounts payable process for your recruitment agency, from processing supplier and contractor payments to tracking expenses, so you can focus on growing your business.
Personalised Service
Our service is tailored to your agency’s needs, ensuring we integrate seamlessly with your current financial workflows and support your operational goals.
Integrated Cash Flow Management
We align payments with your cash flow, providing forecasts that show the financial impact of upcoming payments. This allows you to plan payroll, contractor payments, and vendor obligations without financial strain.
Custom Dashboards
Our real-time dashboards provide a clear overview of outstanding payments, cash flow forecasts, contractor expenses, and supplier transactions, giving you full control of your finances at all times.
Daily Reconciliation
We perform daily bank reconciliations, ensuring that your financial data is always up-to-date and accurate, allowing you to make timely decisions with confidence.
Invoice Attachment
All supplier and contractor invoices are securely attached to your accounting system, providing easy access for audits, client reports, or financial reviews whenever you need them.
Why Choose GenZed?
Our experts understand that effective accounts receivable management for recruitment agencies is about more than just chasing payments—it’s about maintaining and strengthening relationships with your clients. With our hands-on approach to invoicing, collections, and cash flow forecasting, we ensure that your agency’s finances are well-managed while preserving the goodwill and trust of your clients. Let us help you manage these critical relationships, so you can focus on placing the right talent and growing your agency.
– Expert invoicing with meticulous attention, ensuring accuracy and strong client relationships.
– Daily bank reconciliations and real-time tracking for complete financial transparency.
– Proactive credit control, assessing client payment behaviours and ensuring compliance.
– Personalised follow-ups and issue resolution with clients’ finance teams to secure timely payments and maintain positive relationships.
– Cash flow forecasting and customised reports to understand the impact of payment delays or early payments and optimise cash flow management.
– Combination of human expertise and technology for seamless receivables management tailored specifically for recruitment agencies.
– Continuous monitoring and proactive communication to address payment delays before they impact cash flow.
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EXPERT CONSULTANCY
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EXPERT CONSULTANCY
Book Your Free Consultation
Drive growth and streamline your finances with GenZed. Get free consultancy today and discover how we can support your recruitment agency’s success.