What to expect when hiring a back office support?
Is your back office work piling up on you? Is it engulfing your entire time and holding you back from growing? Well there is a perfect solution out there for you – back office support services. It exists to unload the burden of your back office work and set you free to thrive. It manages everything which stops you from going that extra mile and further developing and expand your business. These are the services a good back office service provider offer:
1. 100% Recruitment Funding
Do away with cash crunches as back office support entirely settles payments of your contractors and temps. They know cash flow is crucial, especially for startups and hence offer to fully fund these payments to ease your load.
2. Credit Control
The service provider aims to control a storm before it hits you. You will be assigned a credit controllers who will analyze your clients and help you steer clear from bad debts. Further, regular credit checks will be carried out to sense an approaching storm. The agency helps resolve client’s debt whilst helping build your relationship with them. If and when a bad debt does come along, legal assistance and debt recovery support are at your disposal.
3. Credit Protection
They help cushion you against bad debts by setting a credit limit for you. As long as you trade within the limit, you are in safe hands if the company goes into insolvency. Bad debts come as a big blow to companies but, a good agency strives to keep you always protected.
No matter how big your company may get, compliance is always tedious to deal with. The rules, regulations, laws and requirements are enough to make you go berserk. This is also made easy for you through the required expert advice and guidance. For example, a good company ensures you are entirely compliant with the Agency Workers Regulations (AWR), your tax administration is in accordance to laws and you auto enrolment pension arrangements are functioning smoothly.
Invoicing is important. Along with it being a record of your transaction, it also helps promote your brand as it includes your name, logo and other details. The back office support helps smoothen the process of issuing timely and correct invoices.
6. Management Reports
Keep a tab on your daily progress through our reports. If you hire a good firm, they keep you informed about the day-to-day running of your business, be it compliance reporting or credit risks. These constant updates aid you to quickly spot an irregular activity and rectify it. You can get access to customized reports monthly, quarterly or even for a specific client.
It is the support agency’s responsibility to make sure your contractors and temps receive timely payments and invoices are sent to your clients accordingly. The company will be always on their toes and have a strict policy on proof reading. Rest assured, all pay-related tasks will be taken care of by the agency.
8. Make VAT easy
The frim don’ file your actual VAT return but they see to it that all your tax related tasks are checked off on the requirement list. In fact, your VAT schedule along with the funds are sent to you just before due date to ensure timely submissions of returns.
Whether you are a newly set up recruitment business or a well-established one, entrust your back office jobs to a reputed recruitment back office provider who helps you glide through the mundane back office tasks.