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

ScotPac has the biggest and most versatile vary of SME finance options of any non-bank enterprise lender within the ANZ area, servicing round 8,000 shoppers, and attaining lending development of greater than 80% up to now 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 know-how platform has funded over $3b for payroll for its tons of of shoppers since 2013.

There are greater than 10,000 recruitment and staffing companies throughout the ANZ area that make use of 350,000 folks – or round 2.5% of the working inhabitants. The variety of these companies in Australia has continued to increase by a median of three.8% a yr 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 embrace:

• Scotpac will solely supply APositive’s market-leading payroll resolution companies to help its robust listing of recruitment / labour rent shoppers.
• ScotPac’s Enterprise Improvement Managers will promote APositive’s companies all through its intensive dealer and introducers community.
• By way of cross-promotion, recruitment and staffing shoppers of each companies can have speedy entry to best-in-class know-how and experience to assist them finance and handle all of their payroll obligations.

Craig Michie, Group Govt, Shopper 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 all the time loved an ideal relationship with the recruitment and labour rent sector, and we intimately perceive the essential 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 perfect probability to develop and succeed, significantly these within the start-up part when assist is required most.

“We look ahead to leveraging the synergies throughout our two companies to supply an unrivalled package deal of companies for present 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 house owners.

“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 concerning the prospect of giving extra enterprise house owners the liberty to deal with new alternatives and develop their enterprise,” Marlow mentioned.