Main non-bank enterprise lender ScotPac, and specialist payroll funding and backoffice options supplier APositive, have struck an unique partnership to offer a set of essential providers to companies within the $20 billion recruitment and labour rent sector throughout Australia and New Zealand (ANZ).
ScotPac has the biggest and most versatile vary of SME finance options of any non-bank enterprise lender within the ANZ area, servicing round 8,000 purchasers, and reaching lending development of greater than 80% up to now two years.
APositive specialises in tailor-made payroll options for recruitment, labour rent and different contingent labour industries. It has processed greater than 120,000 contractor timesheets, and leveraging its custom-built know-how platform has funded over $3b for payroll for its tons of of purchasers since 2013.
There are greater than 10,000 recruitment and staffing companies throughout the ANZ area that make use of 350,000 individuals – or round 2.5% of the working inhabitants. The variety of these companies in Australia has continued to growth by a median of three.8% a 12 months since 2018, regardless of the impacts of COVID, inflation and rate of interest rises.
The important thing options of the brand new partnership between ScotPac and APositive embody:
- Scotpac will solely provide APositive’s market-leading payroll resolution providers to assist its robust checklist of recruitment / labour rent purchasers.
- ScotPac’s Enterprise Growth Managers will promote APositive’s providers all through its in depth dealer and introducers community.
- By way of cross-promotion, recruitment and staffing purchasers of each companies could have fast entry to best-in-class know-how and experience to assist them finance and handle all of their payroll obligations.
Craig Michie, Group Government, Consumer Acquisition at ScotPac, stated the brand new partnership would supply money stream certainty and peace of thoughts for extra recruitment and staffing companies.
“ScotPac has all the time loved an amazing relationship with the recruitment and labour rent sector, and we intimately perceive the essential roles that money stream and payroll administration play,” Michie stated.
“By partnering solely with the market-leading payroll funding and backoffice options supplier in APositive, we’re giving our purchasers the very best likelihood to develop and succeed, significantly these within the start-up section when assist is required most.
“We sit up for leveraging the synergies throughout our two companies to offer an unrivalled bundle of providers for present purchasers and new entrants on this thriving sector,” Michie stated.
Danny Marlow, CEO of APositive, stated the brand new partnership supplied immense worth to recruiters and labour rent enterprise house owners.
“Establishing and rising a recruitment or labour rent company is a difficult endeavour, and finance and payroll administration are two of essentially the most advanced but very important elements,” Marlow stated.
“APositive has been serving to recruitment and labour rent companies in Australia and New Zealand begin, scale and succeed for greater than 10 years.
“By becoming a member of forces with the area’s largest and most skilled non-bank lender in ScotPac, we’re actually excited in regards to the prospect of giving extra enterprise house owners the liberty to give attention to new alternatives and develop their enterprise,” Marlow stated.
