Introducing the client
Medical recruitment is an indispensable industry that serves as the vital link connecting highly skilled healthcare professionals with diverse job opportunities across various facilities. Businesses operating in this space play a crucial role in bridging the gap between talented healthcare professionals and essential medical roles, ensuring optimal placement to deliver high-quality care to those in need.
This medical recruitment company was established in 1999, recognising the untapped potential of connecting local doctors in New Zealand with compelling job opportunities. Over time, the business grew steadily, building a strong reputation as a trusted and well-established operator in the medical recruitment sector.
The situation
During the COVID-19 pandemic, the business encountered significant challenges. Economic tightening and heightened risk aversion led traditional banks to introduce time-consuming and restrictive barriers to funding. At the same time, banks were reducing their exposure to New Zealand-based businesses — even as this recruitment company was experiencing rapid growth.
This created a difficult situation. Without access to flexible funding, the business risked delays in payroll, potential loss of trust with clients and candidates, and reputational damage. Administrative pressures around invoicing and payroll also increased, absorbing valuable time and internal resources.
To address these challenges, the client sought a funding partner that could support growth without the constraints imposed by traditional banks. They also needed a more streamlined approach to invoicing and payroll management, enabling the team to focus on their core operations.
“Working with APositive has been great, right from the start. Their team is incredibly responsive, and the whole process from initial discussions with Darren to onboarding and our ongoing partnership has been simple and straightforward. The team even checks in with us before public holidays to ensure we have the funding needed.”
“Before APositive there was a lot of stress in educating the bank about our cash flow requirements as they didn’t understand our industry. Now, there’s no issues at all. We know everything is running smoothly as APositive understands us and the APositive online portal makes all of this easy.”
Enter APositive
APositive delivered a tailored funding solution to address the business’s cash-flow challenges. Through payroll financing, the client was able to pay candidates on time without concern for funding delays. In addition, APositive’s integrated invoicing tools simplified processes and made requesting funds fast and efficient.
The invoice finance solution allowed the business to access funds against outstanding invoices on the same day they were raised, without the restrictions typically imposed by banks. This gave the client confidence that payroll obligations could always be met, even during periods of rapid growth.
APositive also supported streamlined invoicing and payroll management through its software partner, Astute. This integration enabled the business to manage payroll and invoicing more efficiently, freeing up time and resources to focus on growth.
“Our partnership with APositive has allowed us to grow at the pace we want to without being restricted by what we’ve invoiced prior to cash from them. It’s enabled us to grow as quickly as we can, especially during COVID, without worrying about payment delays or cash flow issues. To anyone considering using APositive’s services I would say go for it! I highly recommend them.”
The outcomes
The partnership delivered a range of positive outcomes for the client, including:
- Eliminated funding frustrations by working with a funder that understands the recruitment industry
- Streamlined invoicing and payroll processes, reducing administrative burden
- Improved visibility, with real-time tracking of invoice status
- Faster access to funds, with financing available as soon as invoices are raised
- Continued, uninterrupted growth during the pandemic, without financial constraints
New Zealand–based business managers seeking invoice financing and payroll funding can benefit from APositive’s simple processes and reliable support. Since partnering with APositive, the company has benefited from a more suitable funding arrangement, and the collaboration has proven highly successful. As a result, the business confidently endorses APositive’s services to other business managers looking to streamline their operations and focus on growing their business.