Nimbus Recruitment sector Nimbus is a cloud based solution that keeps your recruitment business light on its feet. You won’t need us to tell you that one of the biggest frustrations for business leaders in the recruitment sector is the time spent on dealing with office administration, which is often at the expense of time that could be spent driving the business forward. which, in turn creates a further task in the recording of that invoice in the company’s accounting software. We have listened to our recruitment clients expressing this frustration and we believe we have a solution. WHAT NIMBUS DOES TEMPORARY STAFF EFFICIENCIES For many recruitment businesses the bedrock is the provision of temporary staff. This is what covers your overhead and, hopefully delivers some profit, but it’s crucial that this part of the business (with high volume and slim margins) is handled efficiently so that you are freed up to go and win the higher margin work. We have looked to the world of IT for an elegant solution that can provide you with that efficiency whilst at the same time enabling you to stay in control. ABOUT NIMBUS Recruiters express to us a frustration that tasks have to be duplicated. For example, the task of creating a timesheet creates another task in the creation of an invoice Nimbus is a service that brings together the best cutting edge software available on the market with the aim of cutting through some of this red tape. Essentially what we have looked to do is find software packages that work for the recruitment industry. Stage one: this is the heart of the operation • colation of timesheets and associated calculations; • automatic production of sales invoices and distribution to customers; • handling self billing and distribution of invoices to contractors; • integration with payroll software to calculate gross pay and deductions; • calculation of CIS deductions for those in the construction industry; • Bacs payment runs; • automatic notification to invoice discounting provider where applicable; and • reporting for AWR. Helping you prosper RECRUITMENT SECTOR Stage two: this is where the accounts software takes over Our reliable and experienced team can handle the whole process... which gives you peace of mind. • invoice details are automatically transferred over to the accounts software; • bank feed can be set up so that receipts from customers are automatic; • you can access your real time accounts information from anywhere in the world; and • no concerns about internal software back ups or buying new versions of the software. FLEXIBLE PRODUCT There are essentially two main ways to use our Nimbus service. One option is that we provide you with the software and suitable training so that you and your team can manage the process internally. The other alternative is our reliable and experienced outsourcing team who can deal with the whole process on your behalf, giving you peace of mind as your business levels can go up or down without you having to worry about your own headcount. COMPLIMENTARY SERVICES As a natural extension to our outsourcing service, we work with many of our clients in the following areas: • internal payroll; • designing management information packs including KPIs; • periodic management accounts; • business plans; • forecasting and budgeting; and • VAT returns. We are keen to be your one stop shop and for you to feel comfortable to transfer as much of your finance function to us as is practical. FULL PACKAGE OF SERVICES As well as our various outsourcing solutions, we can provide your recruitment business with the full package of services that you would expect from a Top 20* Accountancy firm, covering: • Annual Accounts; • Audit and Assurance; • Corporate Finance; • Human Resources; • Tax Compliance; • VAT; and • Wealth Management. We have experts working in all of these areas, meaning that you get the best possible advice at all times. *Latest Accountacy Age and Accounting Magazine league tables. THE NEXT STEP For more information on Nimbus or to arrange a free demonstration of how it will work for your company, please contact one of our specialists: Stuart Hutchison, director Letchworth t: +44 (0)1462 687 333 e: [email protected] Marie Pegram, manager Letchworth t: +44 (0)1462 687 333 e: [email protected] Alternatively, read more about us on our website at www.uhy-uk.com. UHY Hacker Young Associates is a UK company which is the organising body of the UHY Hacker Young Group, a group of independent UK accounting and consultancy firms. Any services described herein are provided by the member firms and not by UHY Hacker Young Associates Limited. Each of the member firms is a separate and independent firm, a list of which is available on our website. Neither UHY Hacker Young Associates Limited nor any of its member firms has any liability for services provided by other members. A member of UHY International, a network of independent accounting and consulting firms. This publication is intended for general guidance only. No responsibility is accepted for loss occasioned to any person acting or refraining from actions as a result of any material in this publication © UHY Hacker Young 2014 www.uhy-uk.com Helping you prosper
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