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Commonly staffing company to handle cash challenges in times of growth.
deal with many different rounds of pay, meeting payroll can become difficult. Many
staffing companies will turn to payroll funding or elements to get them though their time
the need. While payroll funding is a good choice for some staffing companies, factoring
offers greater flexibility.
In a nutshell, here are some of the differences between Payroll financing and Factoring
staffing company
Payroll Funding
Funding only the payroll segment accounts
long-term contracts
Usually staffing company needs to deliver all time cards
No Guarantee
Funding company takes over invoices payroll and tax processing
Factoring us:
Funding entire account. Staffing companies can use the money for any purpose,
payroll, marketing, expanding, etc.
No long-term contracts required
Staffing company has full control over the invoices they submit to us.
Guarantee of corrected accounts
will fund the payroll account Staffing company
Staffing companies manage payroll, insurance, etc
Benefits of factors with us boil really down to add profits to your bottom
line. Before you factor, make sure you can take advantage of the features and
utilize them in force
take on more business
Most staffing our customers can do more business if they have a better cash flow.
Some real examples are:
Immediate access to capital phone
Shifting manpower from the collection of marketing for the growth of
meeting payroll efficient and stable
reduce costs
Many of our clients in the staffing industry actually reduce costs by outsourcing
credit and gift to us, and by getting a healthy cash position. The
the most common ways are:
Eliminating bad debts guaranteed by credit our
Reducing the collection and management
improve your financial
business accounts for cash turn various company employees to “get current” or
reduce strains caused by tight cash flow. It also improves their own credit
, which is important to do business with larger customers. Here are some examples of
often see
Meeting regular payroll obligations
Bringing payroll taxes existing
Achieving higher quality customer
How can YOUR Temporary Staffing companies benefit of Factoring?
Any staffing company in a unique position. Before you sign up to a factor, it is
important to evaluate how our services can increase your business, dropped
expenses and improving your financial situation.
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