Case Study: How a medical rec agency increased contractor workforce by 35%
Challenge
An agency specialising in medical professional recruitment was struggling to manage their 50-plus contractors and temporary workers, facing cash flow issues, aging receivables (30-35%), bad administration management, lack of contractor care, late superannuation payments, disputes, late invoicing, and damaged relationships.
Solution
SDP offered a complete contractor management solution including contractor payroll, streamlined contract facilitation, cash flow management, payroll finance service, fully managed invoicing and receivables function, and online payroll solutions with their branding - all for one flat fee.
Results
Less than 5% of receivables went over due date, $33,000 in savings after one year, 35% increase in contingent workforce without overhead cost changes, turned negative cash-flow into positive, prompt contractor payments, and excellent contractor feedback.