Young and growing recruitment businesses may not have the time, expertise or indeed inclination to manage their workers payroll.  In addition the cashflow of a growing recruitment business is notoriously difficult to manage and the last thing a recruiter wants is their workers being paid late or worse not at all.

PayFactory was developed to overcome these two concerns and more, and allow recruiters to do what they do best - Recruit!

PayFactory provides the complete service for recruitment companies which includes; PAYROLL, INVOICING, COLLECTIONS, FINANCE and CREDIT INSURANCE (Optional).

We help you to manage your tax and keep you up to date on legislation; we also provide detailed management reports to enable proper scrutiny and quality control for your business.

How does it work?

Payroll

We understand the importance of ensuring that your workers get paid correctly and on time.

Whether it is for Permanent Staff, temporary PAYE workers or self employed contractors we will provide the solution that best fits your business.

• Set up, amend and delete employee records
• Running of the payroll to calculate Gross Pay, deductions and Net Pay
• Security payslips
• Production of standard reports
• Production of P45’s
• Payment of employees by BACS
• Ensure compliance with payroll legislation
• Help Desk and advice from fully qualified payroll advisors

Invoicing

We raise invoices on behalf of our clients using their own company headed paper and VAT number.

Invoicing options include:

• Preparing invoices from weekly timesheets or data
• Mailing Invoices
• Calling down monies to cover payments to workers
• Analysis of VAT for VAT return

Collections

Under your guidance we manage the credit control for your business;

• Send statements
• Send reminder letters
• Chase payments by telephone
• Take legal action if necessary

Finance

We provide finance to pay temps and to provide you with working capital to grow the business. 

We can advance up to 100% of the value of your invoices on the day that they are raised. 

If you would like to talk to us about PayFactory and how we can help you then please call us directly on 01908 268888 or if you would like a detailed quotation then please complete our Get a Quote page.

Payroll & Recruitment Online Management (PROM)

PayFactory is managed through our web based system (PROM) to ensure that our clients and their temporary workers get paid on time. This is a secure online system designed to simplify and streamline payroll delivery and let us concentrate on the details. Click on the PROM page and view the video for more detals.