From XU Magazine, 
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Introducing Waddle for Recruiters

September 2, 2021

We know the cash flow pressure that recruitment companies are under, having to pay contractors weekly, whilst waiting 30 or more days for client payments. That's why we've launched a new product designed specifically for the recruitment industry.

With Waddle for Recruiters you could be eligible for an advance rate of 85% of the value of your invoice ledger, an increase on the standard 80%. In addition, we've made changes to our regular concentration limits. Depending on the size of the facility, you could still be eligible for the full 85%, even if you only have one debtor.

How it works

For facilities under $50k:

  • Advance rate - 85% (this is a percentage of the total value of all of your eligible invoices)
  • Concentration limits - none (this means that even if you just have a single debtor, you're still eligible for an 85% advance rate)

For facilities under $50-200k:

  • Advance rate - 85%
  • Concentration limits - 50% (if you only have a single debtor, you'll be eligible for an advance rate of 50% instead of 85% - this is an increase from our standard 30%)

For facilities under $200k+:

  • Advance rate - 85%
  • Concentration limits - 30% (however, this can increase to 50% if the single debtor is an ASX listed / blue chip company)

What makes an invoice eligible?

Eligible invoices are:

  • Invoices that have been raised at the completion of providing a good or service
  • That are aged no more than 90 days from issue date
  • That are invoiced to other AU businesses (B2B)
  • That are NOT milestone, staged or progressive invoices

Modern invoice finance

With our new product, you still get all the regular benefits of a Waddle facility. That means innovative tech with the fairest rates and most flexible terms. Other benefits of Waddle include:

  • Reduced admin - seamless integration with your accounting package to make bookkeeping easy.
  • Confidentialty - your customers pay into an account set up by Waddle in your name. Waddle stays hidden in the background.
  • No lock in contracts or unfair fees - only use it when you need it and only pay for it when you do.

Why leave it there?

To learn more about Waddle

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