Payroll Finance
Set your business up for efficiency, scalability and profitability with a solution that removes cash flow delays.
Meet payroll on time, every time
Access up to 85% of your outstanding invoices, so you can pay your contractors without having to wait for your clients to pay you.
Reliable cash flow
With timesheet and client approval management left to the experts, your invoices can be issued efficiently, making cash flow issues a thing of the past.
Streamline administration
We eliminate admin headaches by streamlining processes, allowing you to focus on what matters most.
Don’t let cash flow issues damage your business
As a labour hire or contractor management business, you’re acutely aware of the dangers cash flow problems pose to your operations.
Waiting weeks for your clients to pay their invoices (with credit terms potentially in excess of 45 days), when you have to pay your contractors within 14 days can bring about a significant cash gap — which is very difficult to bridge without the right management process and financial tools.
A common cash flow challenge
You’ve just paid a contractor for work they completed two weeks ago, but you've offered your client payment terms of 45 days — you still need to wait 31 days before you’ll see any revenue come in for that particular job. This essentially leaves you out of pocket until your client pays the invoice. If your payroll is every fortnight, you’ll have two more paydays before you receive payment for the job!
A common issue that makes this cash flow gap even wider is when your clients do not approve timesheets in a timely manner. If you have paid your contractor before your client has even approved the timesheet, you could be out of pocket for months!
We've gained more than just operational efficiency; the integration between Earlypay and Xemplo has provided rapid cash flow and assured compliance. Our relationship with them has truly been invaluable.”
Andy Skyrme
Your Trades
A powerful integration for your business success
We combine our payroll finance offering with work force management experts like Xemplo to offer a tailored/customised solution for labour hire and recruitment businesses.
Xemplo can help you manage onboarding, contracts, timesheets, invoicing, payroll, and compliance tailored to your business needs. Combined with our payroll finance, you can access cash as soon as you issue an invoice — meaning you spend less time waiting for payments and more time to reinvest back into your business.
Swift Access to Cash: With an Earlypay Invoice Finance Facility, you can gain immediate access to cash as soon as invoices are issued. Take control of your cash flow and empower business growth.
Streamlined Timesheet Management: We proactively engage with your contractors, ensuring timely submission of timesheets, optimising your admin and cash flow process.
Client Approval Management: Our dedicated team follows up diligently on client approvals, expediting the invoicing process and putting your funds in motion.
Automated Invoicing Efficiency: Our cutting-edge system automatically generates and dispatches invoices to your clients upon approval, guaranteeing a seamless and efficient invoicing experience.
Keen to learn how payroll funding can help your business?
Simply submit the form below to receive our labour hire and recruitment optimisation guide.