Client Billing & Collection Support
In every business, client billing and collections are vital to success.
As the payroll process comes to completion each week, your Client Companies will be billed and you will receive recruiter profits as invoices are paid. Headcount not only funds your contractor's payroll, but provides the quickest turnaround of the profits made from each placement. Headcount has a dedicated team focused on collection of accounts receivable because we consider client payments a priority. Once an account with Headcount is established, many of our clients qualify to receive an advance on profits.
Headcount ensures all client companies are reviewed for creditworthiness prior to acceptance. Additionally, Headcount monitors these firms periodically to detect changes in their credit ratings as the goal is always to eliminate the need for collections.
Even in today's business climate, we boast over a 95% realization/collection rate. Our dedicated in-house collections team understands how to effectively work with client companies so that receivables are paid on time while respecting the importance of your client relationships. While you are nurturing your client relationships, we are working with the Accounts Receivables and HR departments on your behalf to ensure we understand their schedules and processes.
Headcount handles all the administrative tasks involved once a placement is made and will handle the following processes:
- Run credit checks on all client companies to ensure a company's creditworthiness.
- Provide all client companies with general payment information to initiate billing with Headcount
- Gather billing and payment terms
- Fund weekly contractor payroll
- Send clients a weekly electronic invoice with your firm contact information
- Collect payments
- Remit recruiter profits
- Provide recruiters with weekly reports to show outstanding invoices and payments received
- Create reports to track individual recruiter commissions
- Advance of recruiter profits for those who qualify
- Web based Client Center and Employee Hub detailing all reports, invoices, payments, employee information