Payroll, finance & accounting services to transform

Recruitment Industry

 

 

Finance & accounting and payroll teams are the backbone of recruitment agencies – performing a range of key tasks like processing contractor payments, generating invoices and managing credit control. However, these tasks require a specific set of competencies, specialist software and the need of having to stay on top of everchanging legislation, IR35, AWR, expenses and more.

QX provides finance, accounts and payroll services to more than 30 leading recruitment agencies and has been serving the sector since 2004. With payroll processing accuracy rate of 99.8%, our comprehensive pay & bill services have benefitted agencies across sectors like healthcare, education, oil & gas and IT amongst others – enabling them to streamline processes, build flexible workforce and reduce operational costs.

Bespoke Payroll, Finance & Accounting Services for Recruitment Agencies

Pay & Bill

Pay candidates accurately and on time to deliver delightful experience. Bill clients correctly and on time to receive payments on time and optimise cash flow.

Accounts Receivable

Implement an effective order-to-cash cycle through an effective accounts receivable process to better manage customer ledgers and cash flow.

Accounts Payable

Outsource your agency’s Accounts Payable to implement strategic automation, identify cost saving opportunities, build smoother supplier relationships and increase process efficiency.

Credit Control

Reduce DSOs, decrease unbilled amount, achieve ambitious year end cash balance targets and slash aged debt ledger balance by outsourcing your agency’s credit management.

Statutory Compliance

Stay on top of evolving regulations and mitigate risks.  We maintain all the records you need, deliver assistance during inspections, and help you stay on the top of latest legislations.

Management Accounts & Reporting

Access easy-to-digest & reliable financial information customised reports to help you mitigate risks, assess financial performance and maximise profits.

Treasury Management

Mitigate business risks, boost process efficiencies and cut down on operational costs with our Treasury Management service, tailored to meet the demands of your recruitment agency.

Want to know how your recruitment agency can benefit from professional and reliable F&A and pay & bill services?
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Why staffing agencies choose QX

Our finance, accounting and payroll services enable recruitment agencies to reap significant business benefits


Partnership Approach

Experience QX’s unique partnership approach to build a strong business relation where you stay in control

Industry Experience

Set up a team of qualified and experienced accountants with proven industry expertise to implement best practices, automate repetitive tasks & manage compliance

Reduced Costs

Leverage process improvement and automation to cut down on your pay & bill costs by up to 50%

Leverage technology

Process optimisation, digitisation and automation. Proprietary systems for automating timesheets downloads and managing PO.

Result-oriented Reporting

Benefit from accurate and reliable financial data to take growth-driven decisions

Compliance Management

Work with a GDPR compliant team to ensure data security and end-to-end compliance management

Clients Speak

Here’s what some of our top recruitment industry clients have to say about us

Julian Barford
YourWorld Recruitment Group
David Taylor
Medacs Global Group

Software capability

Technology is at the heart of QX’s payroll, finance and accounting services for the recruitment industry. We work with the following software suppliers but if you use a system provider not mentioned here, just let us know as we are flexible with the systems we can use.

Resource Zone

Explore more to gain insights into the recruitment industry

Nitty gritty of payroll outsourcing for recruitment agencies: How it actually works

A basic guideline of how we transfer and implement the payroll process and help make life easier for you.

Read More

Key Accounts Receivable Challenges Faced by Recruitment Agencies & How to solve them

Most recruitment companies have either daily or weekly pay/bill cycle resulting into hundreds of transactions for each frequency. How do agencies tackle these challenges?

Read More
Speak to our experts to understand how your recruitment agency can benefit from QX’s pay & bill services.
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