FAQ Perms
What level of funding do you provide?
We fund all of our Customers at 100% for placements invoiced in £sterling.
When do I get paid?
We pay you your profit margin every Friday - simple. Just two days after your invoice is raised, and probably before your Client has seen it, you get your cash.
Do you cap the level of funding available to me?
No way.
We want you to be successful and grow as quickly, or slowly, as you like. As long as we can get the Credit on your Clients and you send in the right paperwork, we can fund to any level.
Can you fund permanent placements in other currencies?
Yes we can. Give us a call on 01594 546 585 to discuss things in more detail.
What happens to the VAT?
1 in 2 businesses will go bust in their first two years, so we won't let you spend your VAT money before it is due and become one of them.
On a weekly basis we will calculate how much VAT needs to be covered, and then one week before your VAT return is due, we release it with your Margin so you can make your return.
All the back-up documentation is provided by email, so you know exactly how we got to the figures.
Do I raise my own invoices?
No way.
We want you to be successful and spend your time selling not wasted on administration. You send us the core information and we do the rest.
Do I chase my own invoices?
No way.
We want you to do the things you enjoy most, selling, servicing and sourcing candidates, not wasting money chasing debtors.
What happens if my Client goes bust?
We provide Credit Insurance as standard, so you are protected. No extra cost and no charges for Credit Checks either.
All you have to do is stay within the Credit Limits issued to each Client, and your business risk is reduced by 90%, because we claim back from our insurer.
Be careful, some providers charge extra for Credit Insurance, even charge for Credit Checks! Also, always ask what the excess is on their insurance policy. Some have excesses of £5,000 and this could seriously reduce your annual profits!
Who can I contact if I have a query?
You will have a dedicated back office team which covers the administration and credit control that will look after your account day to day, supported by our Department Manager for any out of the ordinary questions.
Everyone in our team is available to help and deal with your questions, if not to answer them personally, direct them to the right person who can resolve any small queries that arise.
What training do I get?
We provide the most comprehensive induction training in the industry.
Once you have joined us, we'll arrange for your personal induction call before you start to put invoices through.
The way we see it is, the less time you spend trying to work out complex procedures, the more time you get to focus on selling and growing your business!
Our 3 month Quality Guarantee
We are so confident in the level of service we will provide to you, we give you a "3 month Quality Guarantee". No one else we know gives this type of promise.
If we fail to comply with our contracted obligations, you can terminate this agreement by 7 days written notice without any financial penalty within the first 3 months. (conditions apply)
Speak with the sales team to find out more.
What reporting information to I get?
We provide the most comprehensive reporting package you could wish for. You won't be wasting time working out sales figures, you'll be selling. Our online management system enables you to easily keep an eye on weekly trading statistics and live debtor reports.
Full training is provided, as explained above, its web based, available 24/ 7 and totally FREE.
Do you have additional interest charges?
No we don't. We don't believe they are fair.
Do you have up front set-up charges?
No we don't. We don't believe they are fair.
Do you have additional Credit Check charges?
No we don't. We don't believe they are fair.
Do you have minimum monthly charges?
No we don't. We don't believe they are fair.
So how do you charge me?
We operate by charging a fixed percentage of your NET weekly sales (before VAT)
Be careful, because most providers will charge on the GROSS weekly sale making them 20% more expensive (when VAT goes up in January 2011)
It's like a "pay as you go" mobile phone, we only charge when you are making money - simple.
More questions?
Please feel free to call the sales team on 01594 546585 for more information.
Service Snap Shot
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100% Funding12 Month Rebate Scheme
100% Funding comes as standard with Cash Simply.
100% funding comes as standard with Cash Simply. Funds are released on verification of invoices and paid every Friday, just two days after an invoice has been raised!
With improved cash flow, you can invest in the future of the business through extra sales consultants and marketing campaigns, or even bring forward any expansion plans you may have.
Complete Back Office SupportClients will be amazed when you tell them you can offer them a 12 month rebate on any of your placements with them. With this type of USP, you'll be well ahead of your competition.
Plus, any rebate that is required to be paid back to your client is paid by us - not you. The money you get released from your sales invoices is not affected by any rebate pay outs.
Your Business - Your BrandYou get full back office support from confirming placements, to raising your invoices and collecting payment.
Plus, any rebate that is required to be paid back to your client is paid by us - not you. The money you get released from your sales invoices is not affected by any rebate pay outs.
Reduced RiskInvoices and wage slips all carry your personal brand, because we know this is important to you.
You'll be signing terms and conditions using your own brand, handing out wage slips with your brand on, so your invoices and wage slips should carry it too. (*not applicable for construction start-up agencies) Your brand is even reinforced when we chase your invoices, as we call on your behalf.
Comprehensive Online ReportingYou will want to know you are protected as much as possible when you start trading. Cash Simply has you covered.
Credit insurance is part of the package, protecting you against Clients going bust, and reduces your business risk by 90%.
With your HMRC liabilities being managed by us, there is no risk of you spending the cash before making your returns, and you get your very own "Risk Centre" within the online management system, so you can monitor your outstanding debtors daily. Our relationship is totally transparent, and you always know what is going on.
Great Customer ServiceCash Simply will help you measure your performance. The online management system is free of charge, fully supported and we provide training, often face to face.
You can see sales statistics, Gross Margin figures, live debtor reports and even print off copies of your wage slips and invoices. Should you wish, you can export the information into different formats for budgeting or accounting purposes too.
Award WinningBeing serviced by people passionate about getting things right and having over 40 years experience in the industry is great, but we want you to always receive the best.
You will be inducted by our Operations Director, have access to Operations Manuals for support, and be invited every month to give feedback on our service to you via an online survey that is considered at every Board Meeting. By choosing Cash Simply to partner your business, you know you'll be getting the best in the industry.
Don't just take our word for it, our services have been officially recognised!
Media Today presented the "BA Award" for outstanding achievement and commitment to offer a quality service or product within the Payroll Solutions industry and The Corporate Times, presented us with their "BA Award" for payroll solutions too.
