Case Study: SkillRecruit achieves streamlined contractor funding and faster payments with Sonovate

SkillRecruit joined forces with Sonovate to access an unrestricted cashflow

SkillRecruit, a recruitment agency established in 2005 and focused on IT, engineering, and leadership hiring, saw growing demand for contractors and needed a more stable, predictable cash flow to support that growth. After finding bank invoice financing options too restrictive, the company looked for a more flexible invoice financier and chose Sonovate.

Sonovate provided a flexible invoice financing solution and streamlined portal that let SkillRecruit fund contractors as needed, rather than being tied to rigid all-turnover agreements. With Sonovate, contractors were paid in the same week they submitted timesheets, and SkillRecruit received invoice profit weekly, improving cash flow, simplifying admin, and helping the business grow its contract recruitment arm.

SkillRecruit

Raja P Pappu

Director & Global Client Partner