Pulse Outsource, the specialist back office and funding solutions provider are delighted to announce that they have appointed Terry Wolfendale as Managing Director with immediate effect.
Terry who recently joined Pulse as a Regional Director for their invoice finance business takes over the reins of this important business within the Group with his appointment designed to help the firm capitalise on its reinvigorated strategy as it seeks to achieve ambitious growth objectives.
Having spent two decades working within the financial services sector Terry brings a credible reputation for structuring and delivering funding solutions to UK businesses ensuring they have access to the funding they need to grow. Having spent time in both bank owned and independent invoice finance businesses from Lloyds Bank, RBS and Bibby Financial Services, he brings a wide breath of experience to the role.
Speaking of his appointment, Terry said: “I am delighted to have the opportunity to lead the Pulse Outsource business at such an exciting point in its development. Having recently reset its strategy and strengthened it proposition to clients, we are confident of increasing our support to those UK businesses who rely on placing contract staff. The market has gained momentum and an increasing number of firms are looking for candidates to help them meet demand putting increased pressure on these firms. Our funding and back-office solution not only improves cashflow to help fund these placements, but it also removes those non-productive back-office tasks enabling business owners to focus on the day to day running of their business”.
Pulse Outsource provides valuable funding support to businesses who need to pay placement and contract staff while waiting for client invoices to be paid. It also manages the day-to-day running of back-office administrative tasks such as raising invoices and paying placement and contract staff helping to reduce overheads and use time more efficiently. With funding lines up to £2.5m available and a team expert in handling payroll and billing processes, clients can continue growing their business confidently knowing that they are complying with all legal and regulatory requirements.
As part of the Cubitt Trade Holdings (Europe) LLC, Pulse Outsource have the security of strong funding lines and an expert team behind them. With such strong support they are looking forward to making a difference to UK businesses as the economy continues to grow.
As Toni Dare, on behalf of Cubitt Trade Holdings, concluded: “We are delighted Terry has taken up this role. It’s an exciting time for Pulse Outsource and his experience makes him an ideal choice to lead this business. He has that perfect balance having worked both as a funder and a commercial finance advisor supporting a diverse range of businesses so really understands the challenges that firms face. Working with our experienced team, he will bring his determination and drive to growing the business and ensuring that our range of solutions are accessible by businesses across the UK”.