Sonovate Testimonials
SKILLRECRUIT
Dr Raja P Pappu
Director & Global Client Partner
Sector: IT, Engineering, Leadership
Established: 2005
Skillrecruit offers both perm and contract recruitment, and we found that demand for contractors was growing. This increase in business brought about a need for more stable, constant cash flow, and we found that this caused issues.
It was at this point that we started to look for an invoice financier. Initially we looked at some of the banks, including HSBC, but we found them to be very restrictive. They had rigid terms, such as all turnover agreements, which gave us no flexibility on how we would like to run our business.
This was why Sonovate initially appealed to us.
"The flexibility of Sonovate means it’s up to us how many contractors we fund with them."
On this basis we made the decision to sign up with them.
Everything is much more streamlined now that we are with Sonovate. It’s helped us a lot with money going in and out of our business. Our contractors get paid in the same week they submit their timesheets.
"We no longer have to rely on client payments, as Sonovate pays us our invoice profit each week."
The portal is also great. It’s definitely proved very helpful with the day-to-day running of our placements. Our contractors are very happy with their Sonovate experience, as they get paid really early now in comparison to their previous experience with us.
I often recommend Sonovate to other agencies, and will continue to do so. It’s proved invaluable to us, and has given us the resources we needed to run more contractors and grow the contract recruitment branch of our business. Sonovate gives us flexibility, a streamlined portal, and simplified admin and back office. It’s fantastic to be able to see money coming into the business, so that we are able to plan ahead.
"Sonovate allows us to focus on the core aspect of our business: recruitment."
HARRINGTON STARR
Toby Babb
Founder & CEO
Sector: IT, Finance
Established: 2010
Harrington Starr launched in 2010, starting life as a perm focused agency. Jump forward to 2013 and they’d joined the contractor market, having seen the potential for growth.
Toby Babb, Director of Harrington Starr, came to the conclusion that the tech their financier was providing wasn’t sufficient for their fast growing business. So, in 2014, they began to look for a partner who not only understood the world of contract recruitment, but could also provide back office tech that would simplify the process.
"To gain a competitive advantage we have always chosen and looked to work with the very best suppliers and most innovative technology available, which Sonovate specialise in"
Harrington worked closely with a lot of fintech businesses and so wanted a financier that understood the ins and outs of the industry. The team at Sonovate were completely clued up about recruitment and fintech, and so were able to provide the support Harrington Starr needed to succeed. Unrestricted finance meant that they weren’t held back by concentration limits, all turnover agreements and a long term contract. And the award winning back office that Sonovate offered took over the paperwork and freed up their valuable time.
"Having been in the industry and truly understanding the pain points involved, Sonovate has massively exceeded our expectations and we are excited to see them build a genuinely world class business"