Main non-bank enterprise lender ScotPac, and specialist payroll funding and backoffice options supplier APositive, have struck an unique partnership to offer a collection of important companies to companies within the $20 billion recruitment and labour rent sector throughout Australia and New Zealand (ANZ).

ScotPac has the most important and most versatile vary of SME finance options of any non-bank enterprise lender within the ANZ area, servicing round 8,000 shoppers, and reaching lending development of greater than 80% previously two years.

APositive specialises in tailor-made payroll options for recruitment, labour rent and different contingent labour industries. It has processed greater than 120,000 contractor timesheets, and leveraging its custom-built expertise platform has funded over $3b for payroll for its a whole bunch of shoppers since 2013.

There are greater than 10,000 recruitment and staffing companies throughout the ANZ area that make use of 350,000 individuals – or round 2.5% of the working inhabitants. The variety of these companies in Australia has continued to growth by a mean of three.8% a 12 months since 2018, regardless of the impacts of COVID, inflation and rate of interest rises.

The important thing options of the brand new partnership between ScotPac and APositive embody:

• Scotpac will solely provide APositive’s market-leading payroll answer companies to help its sturdy record of recruitment / labour rent shoppers.
• ScotPac’s Enterprise Improvement Managers will promote APositive’s companies all through its in depth dealer and introducers community.
• Through cross-promotion, recruitment and staffing shoppers of each companies could have speedy entry to best-in-class expertise and experience to assist them finance and handle all of their payroll obligations.

Craig Michie, Group Govt, Consumer Acquisition at ScotPac, mentioned the brand new partnership would offer money circulation certainty and peace of thoughts for extra recruitment and staffing companies.

“ScotPac has at all times loved an important relationship with the recruitment and labour rent sector, and we intimately perceive the important roles that money circulation and payroll administration play,” Michie mentioned.

“By partnering solely with the market-leading payroll funding and backoffice options supplier in APositive, we’re giving our shoppers the very best probability to develop and succeed, notably these within the start-up section when assist is required most.

“We sit up for leveraging the synergies throughout our two companies to offer an unrivalled package deal of companies for current shoppers and new entrants on this thriving sector,” Michie mentioned.

Danny Marlow, CEO of APositive, mentioned the brand new partnership provided immense worth to recruiters and labour rent enterprise homeowners.

“Establishing and rising a recruitment or labour rent company is a difficult endeavour, and finance and payroll administration are two of essentially the most complicated but important components,” Marlow mentioned.

“APositive has been serving to recruitment and labour rent companies in Australia and New Zealand begin, scale and succeed for greater than 10 years.

“By becoming a member of forces with the area’s largest and most skilled non-bank lender in ScotPac, we’re actually excited in regards to the prospect of giving extra enterprise homeowners the liberty to deal with new alternatives and develop their enterprise,” Marlow mentioned.