Australia’s leading non-bank business lender ScotPac, and specialist payroll and advisory provider Pay Australia, have forged a new strategic partnership to offer a range of professional support services for recruiting and staffing businesses.
ScotPac has the largest and most flexible range of SME finance products in the Australian market – including a specialist invoice finance arm – and the scale to deliver cost-effective solutions for any business.
Pay Australia provides a comprehensive outsourced payroll solution, delivered by industry specialists, that save business owners time and money, whilst ensuring compliance with relevant laws and regulations.
Under the partnership, business owners in the recruiting and labour hire sector will have ready access to expert advice and support in two key areas that can drive business growth – fast and flexible finance, and timely, accurate payroll services.
By solving the constant challenge of available working capital and removing the administrative burden of payroll administration, business owners will have more time to manage existing clients, win new business and grow revenue.
Craig Michie, Group Executive, Client Acquisition and Asset Finance at ScotPac, said the new alliance with Pay Australia was a natural fit for ScotPac.
“Many of the 6,000 plus businesses we support are in the recruitment and labour hire sector, so we understand the cashflow needs of owners and we have the right finance products to help at every stage of growth,” Mr Michie said.
“One of the smartest uses of available cashflow for business owners is to invest in support services that free up their time to service clients and focus on growing their business. Payroll services are a classic example.
“We are excited to build on our association with Pay Australia and give more businesses the tools they need to succeed,” Mr Michie said.
Chris White, CEO of Pay Australia, said the new partnership offered immense value to recruiters and labour hire business owners.
“Payroll administration and cashflow management are two of the biggest challenges our clients face, particularly in the current inflationary environment,” Mr White said.
“When clients have asked for our advice on improving their working capital situation, we have referred them to ScotPac because they know how recruitment and labour hire businesses work.
“We are delighted to now formalise the partnership between Pay Australia and ScotPac, and we look forward to proving our mutual clients with outstanding service and jointly supporting them to achieve their goals,” Mr White said.
ScotPac is Australia and New Zealand’s largest non-bank SME business lender, providing funding to small, medium and large businesses from start-ups to enterprises exceeding $1 billion revenues. For 35 years ScotPac has helped thousands of business owners succeed, offering fast and flexible funding. From simple to complex, small to large, start up, growth or turnaround – ScotPac can help with a range of funding from Invoice, Trade or Asset Finance to Home Loans and Business Loans.
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