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Annex Consulting Group Transforms Its Consultant Payment Process

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Annex Consulting Group Transforms Its Consultant Payment Process

Vancouver (September 15, 2014) Annex Consulting Group has deployed a new web-based timesheet data collection and approval system as part of its back-office overhaul and efficiency improvement.

In the past, Annex paid consultants once it received payment from the client.  Now, Annex will provide payment shortly after receiving an invoice and approved timesheet from its consultants, well before receiving payment from its clients.

“Although the old process worked well, and Annex has only not been paid several times in its 16-year history, we improved our back-office payment process to compete with national and multinational recruitment organizations and to support our geographic expansion strategy.  If a consultant submits its invoice and approved timesheet in the first two business days of the month, he or she will be paid by Annex on the 15th of that month.  We have cut our net payment terms in half as a value add for our consultants.”

When starting a contract, as part of Annex’s project initiation procedures, the consultant and the client’s hiring manager will receive instructions how to use the new back-office timesheet data collection and approval system.

Quick facts about Annex

  • Offices in Vancouver, Victoria and Calgary, with Seattle launching in 2015
  • Services include contract, permanent staffing, pass-through and outsourced solutions
  • Annex is one of PROFIT Magazine’s Fastest-Growing Companies in Canada for 2014, the 6th time the company has received that honour in the last 8 years
  • Business In Vancouver ranks Annex one of the Top 100 Largest Private Companies in BC for 2014
  • Annex has been on the Branham300 list of largest technology companies in Canada for the last 8 consecutive years
  • Annex revenues have grown on average by 60% year-over-year since the company’s inception
  • The Annex Referral Program has been featured in newspapers and magazines across Canada and in a book called Dynamic Entrepreneurs of the 21st Century
  • Annex was featured as one of the Financial Post Innovators and won a BCBusiness Magazine award as one of BC’s 20 Leading Innovators

About Annex Consulting Group

Annex Consulting Group is an IT recruitment and business solutions company.  Established in 1998, Annex is one of the pioneers in the IT and management consulting recruitment industry.  The Annex Alliance is our database of two million IT and management consulting professionals in North America.  Annex has completed 2,000 engagements for 350 clients with an unparalleled 97% customer satisfaction rating.  Annex has grown revenues on average by 60% year-over-year since the company’s inception.  It is one of PROFIT Magazine’s Fastest-Growing Companies in Canada this year, for the sixth time in the last eight years.

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Media contact

Annamaija Irvine

Marketing Communications | Annex Consulting Group

direct  604.638.8891

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