How it works
The global staffing and recruitment market is approximately US$ 520 million in 2024, and will expand with a CAGR of 9.90% from 2024 to 2031 (Source: Cognitive Market Research), indicating a robust demand for recruitment services and the need for effective accounting & financial back-office solutions in this competitive landscape.
Meeting diverse client needs and adapting to a dynamic market defines the staffing and recruitment industry. Successfully streamlining candidate sourcing, efficiently managing payroll, and ensuring compliance with evolving regulations are vital for achieving operational excellence. By embracing these opportunities, recruitment firms can enhance efficiency, elevate client satisfaction, and build lasting relationships.
How IMS Decimal supports staffing and recruitment companies
By harnessing our expertise in outsourcing services, we help factoring companies to master their financial landscape, ensuring they stay agile and competitive in a dynamic market.
Services for Staffing and Recruitment Companies
- Fully Managed Payroll Service
- CRM Integration
- Time and Expense Capture
- Contractor Payments
- Client Invoicing
- Helpdesk Support
- Tax Submissions
- Real-time Reporting
- Journal Entry and General Ledger Maintenance
- Accounts Receivable and Accounts Payable
- Bank, Credit Card, and Expense Transaction Processing
- VAT Reconciliation and Submission
- Asset Register Maintenance
- Multi-currency Processing
- Intercompany Processing
- Accrual and Prepayment Preparation
- Balance Sheet Control Account Reconciliation
- Real-time Reporting
- Manage Client Credit Risk Register
- Produce Statements
- Correspond With Clients to Determine Payment Dates
- Resolve Invoice Disputes
- Manage Escalation Process Where Appropriate
- Real-time Reporting
- P&L and Balance Sheet Statements Preparation
- Annual Statutory Accounts Preparation
- Calculate and Submit Annual Profits Tax Returns
- Cash Flow Preparation
- Budget Preparation
- KPI and Variance Reporting
- Decision and Planning Support
- Audit Assistance
- Financial Health Check-Up
- Accounting Software Consulting and Migration
- Risk and Compliance Analysis
- Business Intelligence Reporting
- Finance Strategy and Transformation
Why IMS Decimal?
Robust Processes
Quick Turnaround Time
Scalability
Cost Efficiency
Software deck
