Case Study

Talentedge

Talentedge is an independent recruitment agency specialising in permanent, interim, and temporary roles across finance and HR. As the business grew rapidly, they encountered the typical challenges faced by scaling agencies. Their leadership team recognised the need for additional strategic support and turned to us for expertise.

Why Recruiterbase?

Although Talentedge required financial leadership and accounting support, their size didn’t justify a full-time finance team.

Recruiter Base offered flexible, fractional CFO services and an on-demand embedded finance team, tailored to their needs at a fixed monthly fee.

Assessing Talentedge’s Needs

Collaborating closely with their leadership, we identified key requirements:

Access to critical management information for informed decision-making, especially regarding cash flow.
Overhauling systems, processes, and policies, coupled with financial training across the organization.
Continuous accounting support to ensure accuracy, compliance and visibility across the business.

Our Approach

Revenue Recognition:
We collaborated with fee earners to establish clear processes and policies, emphasizing adherence. Implementing an accounting system with robust contract management tools ensured revenue recognition aligned with placement terms.
Client Credit Risk:
We instituted regular credit checks for new and existing clients to set appropriate credit limits. Automated reminders and dunning systems addressed overdue invoices, with additional support from our legal partners when necessary.
Scaling Systems:
Talentedge’s legacy systems couldn’t support increased transaction volumes and reporting needs. Leveraging our experience, we guided them in selecting and seamlessly implementing a cloud-based accounting system.
Performance Measurement and Reporting:
Rapid growth made monitoring key performance indicators (KPIs) challenging. We developed customized dashboards to track metrics like gross margin, client profitability, and candidate placement efficiency. Regular financial reviews and planning meetings, along with business intelligence tools, provided real-time data insights.

Outcome

By providing a dedicated CFO to address these challenges, we established financial processes that supported sustainable growth and enhanced profitability. Our scalable embedded finance team adapted to Talentedge’s evolving needs, ensuring continuous alignment with their objectives.

“Working with Recruiterbase has been an incredibly impactful experience for Talentedge. Their comprehensive on-demand CFO service along with the ongoing accounting support mean we now have a finance capability that not only delivers for the business as a back-office function but has also been crucial to shaping strategy. They delivered exactly what we needed and we look forward to maintaining this successful partnership as we continue to expand our reach in the recruitment industry.”

Tracy Flowerday
Founder, TalentEdge

Case Study

Talentedge

Why Recruiterbase?

Assessing Talentedge’s Needs

Our Approach

Outcome

More happy clients

Troi

Consumer Group