Sourcific Talent Increases Capacity and Efficiency by Leveraging Kolleno
We had an insightful conversation with Nathan Davies, Founder at Sourcific Talent, discussing their strategies for managing their finances, achieving efficiency, and growing their business in the recruitment and consulting industry.
Sourcific Talent is a standout recruitment agency specialising in pre-seed to series B start-ups within the Fintech and SaaS industry. Since 2018, they’ve excelled in headhunting, employer branding, and connecting clients with a wealth of investors. However, similar to many growing agencies, they found themselves contending with an overwhelming number of administrative tasks related to overdue payments.
With a growing client base and a manual approach to collections, Sourcific Talent noticed an increase in the number of overdue payments. This resulted in time being spent chasing payments rather than supporting clients, and less capital available for further investment. “In recruitment, speed to market is crucial in securing the best talent for clients. Thus, every minute spent on recovering overdue payments is time that is stifling our ability to provide just that.” reflected Nathan Davies, Founder of Sourcific Talent.
Having worked with Kolleno previously as a recruitment partner, Sourcific Talent was able to see firsthand the value provided by the Kolleno solution.
Thus, when they were confronted with the pains of chasing payments, they quickly turned to Kolleno. Beyond the powerful engine that reduced their finance teams’ manual workload, Kolleno also integrated seamlessly with Sourcific’s system, Xero, and supported their technical enablement with outstanding customer support.
Sourcific’s aims when seeking Kolleno as a solution included saving time in order to accept new clients, and ensuring they unlock their cash flow to further invest in more technology that would support their ability to offer the highest quality of services to their clients. And those are precisely the results they achieved. Saving approximately 7 hours of work weekly, enabled Sourcific to increase their capacity and open their doors to new clients. They have seen their revenue increase by 45% since they began using Kolleno, with that expected to increase further through 2024. The unlocked cash flow and new revenue also supported their aim of investing further in technology that would support their ability to offer top-tier service to their clients.
Thus by leveraging the Kolleno system and the team’s expertise, Sourcific was able to transform their collections process. Nathan reflected “They supported us in building our automated workflows and templates for our communication which were very effective. Whilst the platform is very easy to use, having a dedicated support team ensuring we got great ROI and supporting us in maximising the platform’s functionality was extremely beneficial and refreshing to see.”