Agency RPO and integrated payment processing; Are you looking to bulk process your contractor payments with a payroll partner dedicated to efficiency, compliancy and a premium service for all? If so look no further.
We are dedicated to streamlining business-to-business transactions and dynamic enough to accept process integration on many different levels. Here at Saymore we are constantly looking for new ways to improve the services and facilities offered to our network of over 1,000 agencies.
In collaboration with a number of agencies that were looking for ways to bulk process invoices and payments, we designed and implemented a completely new method of processing, which we named Saymore Express. As a result, agencies are now able to transfer pay data to Saymore Umbrella in bulk, streamlining their internal processes, cutting costs and improving efficiency. Best of all, because we operate one of the fastest payment cycles in the business, your contractors are kept happy and contented.
Saymore Umbrella functions in a slightly different way to most Umbrella companies. For example, one of our key advantages is that we pay your contractors as soon as you supply a remittance rather than waiting for received funds. This allows us to offer your workers one of the fastest payment processing times available.
In order to offer this service we require your written confirmation and approval for the amount, (usually the invoice total), which is due to arrive in our account. As soon as we receive your instructions we immediately begin processing the payroll.
We understand that it is not always possible to issue remittances as it is time consuming and must be done virtually instantly to be of benefit. Saymore Express negates the need for this.
Bulk processing contractor’s invoices and payments eliminate the necessity for timesheets to be sent to Saymore Umbrella. Instead, the agency continues to receive them, inputs the billed time directly onto a Payment Schedule, which takes the form of a simple spreadsheet and sends them back to Saymore Umbrella.
On receipt of the payment schedule we immediately process the worker’s income and issue the payment by BACS on the same day. Processing the bulk Payment Schedule is done on the same day that we raise the invoice for you ready for payment. It can be delivered in electronic or hardcopy format and can be either a single total or itemised for each worker, the choice is yours.
The length of time you have in which to pay the invoice is known as your credit terms and they are based on the level of business managed the frequency you pay your workers, and your credit/payment history.
This service is FREE to both contractors and agencies.
The Saymore Express process only removes the need for Saymore Umbrella to collect timesheets; our responsibility for subsequent stages remain unchanged and are as follows:
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