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Our brand new platform for mid-sized & enterprise businesses

Revolutionise invoice funding

Are you a recruitment agency or consultancy looking to optimise your working capital, make your teams more efficient, and eliminate cumbersome processes? You’ve come to the right place!

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Industry leading solutions

New SaaS invoice funding platform. Flexible finance at your finger tips.

  • Access the liquidity you need while offering attractive terms to your clients

    Whether you need £1 or £10 million, we will give you up to 100% of the value of your outstanding invoices so you can pay your workers on time while giving your clients comfortable payment terms.

  • Save costs and time

    Our new automated features to help you work faster and more efficiently.

  • Simplify your operations like never before

    By integrating better across timesheeting, placement administration, accounting, AND funding, to help your operations and finance teams collaborate better together.

  • Bad Debt Protection

    We offer 95% bad debt protection as standard to give you the confidence that your business is protected.

Timesheet and Back Office automation

Stay in control

We automatically monitor and proactively chase timesheet submissions and approvals and keep you informed at all times via our state of the art dashboard and reporting tools to help reduce your team’s workload. Our easy-to-use SaaS platform and intelligent features empower you to request funds as and when you need them while keeping full visibility into your funding limits. We integrate at the click of a button with your accounting software so you can keep your finances reconciled with minimal hassle for your teams.

Invoice funding for fast growing businesses

Manage funding across countries and offices

State of the art reconciliation, reporting and synchronisation to give you improved visibility on your agency’s finances across offices and countries. 95% bad debt protection as standard for added confidence that your business is protected.

Our multicurrency platform is designed to help you expand domestically and internationally, with resilient, highly available and scalable funding that grows with you. Plus, our cutting-edge tech helps you to sync with your accountancy software in real time, allowing you to be more effective, make speedy decisions, and get started quickly.

Simplify operations and keep visibility

Streamline your accounting

  • Full syncing with most accountancy packages
  • Automatically generate invoices
  • Automatically sync your accounts receivable and accounts payable

Stay informed and in control

  • Flexible and transparent pricing through our state of the art dashboard
  • Full visibility when we’ve processed your worker payments
  • Full visibility of payments and collections through individual, disclosed receipt accounts

Draw funds on demand

  • Self-serve payroll that can be run as and when you need it, even multiple times a week
  • Ability to withdraw funding against unfunded and non-advance amounts
  • Ability to adjust balances

Invoicing and billing

Work your way

Do you focus on one sector or support several industries? Tailor your funding in the way that suits you best. Create multi-sector placements to fit each of your clients’ unique needs and set up long-standing or short-term assignments with ease.

Bid farewell to outdated Pay and Bill systems. Sonovate’s revolutionary technology adapts to your business needs, allowing you to withdraw cash and issue your bills according to the schedule that suits you best, whether you’d like to pay your workers weekly or several times a week. Choose from our funding and tech automation solution, or just funding if that’s what you need.

Invoice factoring to fuel your growth domestically and internationally

Get the liquidity you need with our secure funding platform

  • Up to 100% invoice funding
  • Flexibility to withdraw funds as and when you need them
  • International, multi-currency payments
  • Streamlined KYC/AML checks to keep all transactions secure and compliant
  • Secure biometric technology to facilitate onboarding
  • Client risk assessment, to evaluate your clients’ creditworthiness, minimise payment risks, and determine appropriate funding terms
  • Real-time monitoring of your invoices and payments with the ability to make adjustments where needed
  • Automated syncing service that quickly lets you check the availability of funds
  • Visibility and transparency of receivables data – gives complete insight into pending debt – along with full financial statements to help you review your debt position at all times

Industry leading solution

Stay ahead of the competition

Why are we better than anyone else in the market? We’re industry specialists, so our funding is tailored to help recruiters and consultants grow.

We don’t impose concentration limits and we give you the cash flow to expand internationally. We can help you along your journey of growth, whether you have a small operation or a turnover of over £1 Billion. Our processes are tailored to help you get started compliantly and quickly, domestically and across borders and put best-in-class tools in the hands of your teams throughout your offices and the countries you operate in.

The advantages of our funding platform for businesses

Start quickly and get your funds fast

  • Quick and easy setup
  • Simplified process to switch to Sonovate from previous funders
  • Faster credit approval for your clients
  • Instant funding decisions and immediate allocation
  • Instant payment processing and worker payments
  • Quick and comprehensive collections

Optimise your cashflow

  • Up to 100% funding on outstanding invoices
  • Control your cash flow to pay workers on time
  • Flexible pricing to provide your organisation with the best deal and help you control costs
  • World class reporting capabilities, giving you better visibility on your finances
  • Separate ledgers and pre-payments for more accuracy, transparency and efficiency

Manage risk

  • 95% bad debt protection as standard to give you the confidence that your business is protected
  • State of the art dashboard for full visibility
  • One multi-user platform to help you get better control over operations in different countries
  • Secure self-serve portal for managing your bank details, providing you with full control over your payment information
  • Real-time monitoring and adjustment
  • Debt management

Maintain trust and security

Thorough credit checks provide valuable insights into the financial stability of your prospective clients, allowing you to make informed decisions and minimize the risk of non-payment.  

Cutting-edge anti-fraud technology, to help prevent suspicious activities, safeguarding your business from fraudulent transactions and unauthorised access.

Robust Know Your Customer (KYC) and Anti-Money Laundering (AML) checks ensure compliance with regulatory requirements  

Pick and choose the service you need

Beat the competition! Access the most advanced timesheet and funding capabilities today. Get started today.

Insights

Read more about invoice finance on our blog

What clients say about our funding platform

colour headshot of George Richings (Director at GiBe Finance)

George Richings

GiBe Finance

The power was doing a demo of Sonovate’s platform – it really sold it for me.

Why a new platform of invoice funding?

How is the new Sonovate invoice funding platform better?

Our new platform continues to deliver the fast, flexible funding that has made us the number 1 provider of funding for recruitment business, consultancies and labour marketplaces in the UK. The new features allow us to do this even more flexibly, helping you to easily release the cash from your outstanding invoice to improve your working capital and invest in your growth. It offers a sleeker interface, faster onboarding, multiple user access, multicurrency funding and improved reconciliation to make it easier to manage your invoice funding capabilities.

Why is reconciliation important?

At Sonovate we pride ourselves on helping business to keep growing, whether they wish to do so domestically in the UK or overseas. As we all know, with a growing business, comes the need for you to keep better visibility and control over your finances. That’s why our new platform offers improved features to connect instantly to your accountancy software, helping you to make sure you are up to date on the status of your funding with us and that your accounting reflects that accurately. You can easily drill down to see detailed information about invoices, payments that have been completed, and ensure the information matches across your suite of financial software.

How easy is it to get started with Sonovate?

Our platform is designed to get you started quickly and easily, while keeping your information safe and compliant. We use state of the art technology to complete required checks such as KYC so you can get setup and receive your funding fast!

Can I connect my existing finance systems to the platform? 

Yes, you can connect your accounting software, like Xero, Zoho Books, QuickBooks, etc. The Sonovate platform syncs automatically to these packages, so you can reconcile more easily and stay up to date on invoices and payments. You can also sync manually should you wish to do so.   

How long does it take to receive funds after submitting an invoice? 

You can instantly withdraw payments using our platform, you will get your funds in one-two business days.  

Are there any restrictions on the amount of funding I can receive? 

Sonovate can fund up to 100% of your invoice amount, the terms may vary depending on your client’s credit and trade history.  Additionally, we don’t impose concentration limits, so you can grow with your best clients without worry. 

How secure is the platform in terms of protecting sensitive financial data? 

Our platform uses the latest enterprise grade IT security protocols. It also leverages best in class technology to conduct credit checks, Anti-Money Laundering and KYC procedures for your clients, giving you peace of mind.