We support Julia’s House; here’s why and how.
Here at QUBA, we strongly believe for society to thrive, we must all collaborate. Every person, every organisation, every business, has a responsibility towards society, the environment, and each other. Throwback to 2017/2018… we made a conscious decision to support two charities: one local to our Headquarters in Dorset, Julia’s House Children’s Hospice and the […]
The benefits of recruitment funding – fast and flexible
Recruitment finance is a type of funding specifically for recruitment agencies which helps to be able to pay temporary or contract workers, while providing support with the back-office administration around this. It is different to traditional invoice finance / factoring and has some specific benefits which are as follows; Advance rate – in most cases […]
Scary truths about traditional funding
Throughout our 8 years of offering recruitment businesses invoice factoring solutions, QUBA Solutions has come across traditional funding or widely known as invoice discounting methods. We’ve seen it happen again and again, agencies failing because the foundations they’ve built themselves on are unsuitable.Cheap? Yes. Flexible and reliable enough for growing recruitment agencies? No. 1) The […]
Traditional Invoice Finance Alternatives
How does traditional invoice finance work? If you use a bank for recruitment finance, they will typically advance anywhere between 70% to 90% of the invoice value. How does that work in practice? In simple terms, you will produce your own invoices and upload them to the bank’s invoice platform. The bank will advance the […]
Admin Can Make or Break an Agency – the DANGERS of using traditional finance vs Quba Solutions
“Know your Apples from your Onions!” What can go wrong for your agency from using a traditional factoring solution? We are asked all the time, what do we do that factoring doesn’t? What are the differences? Well strap in, because here are some pretty important things to consider, all of them pointing to the age-old […]
What Are Your ‘Bad Clients’ COSTING You?
Running a successful business doesn’t just rely on your ability to win new work and new clients; it relies on dropping bad clients too. Letting go of work may sound counter intuitive, but it is so often a fundamental key to a business’ success. You wouldn’t believe how many customers we’ve seen running temp desks […]
Frequently Asked Questions: Transferring Funding Providers
Why would you change funding providers? There are a few reasons that you may consider switching your current funding provider, here are some of the main ones: Your current deal is not cost effective. It’s no secret that you need to pay your invoice finance provider for their services with a percentage of each invoice […]
Steve Merchant on all things Quba…
Steve Merchant, financial advisor to Quba, sits down to discuss his inside view of the business. Steve joined the invoice finance and asset-based lending sector in 1992. He has since held leadership positions in origination, relationship management, and risk. Most notably, he was a member of the original team establishing GE Commercial Finance in the […]
When to transfer funding provider
If your contract is coming up for renewal in the next six months and you're debating whether to transfer from your current funding provider, here are a few key elements that are worth considering with serious thought.
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Get in touch and find out how we can take your recruitment business to the next level. You can book an appointment or simply give our team a call on 01305 233 178.