Applying for factoring through altLINE gives you the following benefits: Get Your Invoices Paid In Days, Not Months Staffing agency factoring helps you unlock more funding without having to wait for your customers to pay. Benefits Of Invoice Factoring For Staffing Agencies Factoring injects cash into your business before clients have paid their invoices, giving you the flexibility to make payroll while taking on new clients. Because payroll is typically paid on a weekly or bi-weekly basis but net 30 and net 60 invoice payment terms are standard business practice, new and growing staffing agencies often find themselves struggling to find the funds to pay employees. Invoice factoring for staffing companies (frequently referred to as payroll funding) is a process in which your business sells its outstanding invoices to a factoring company like altLINE to receive a cash advance. Read on to learn how you can improve cash flow with altLINE’s staffing agency factoring services! What Is Staffing Factoring? In this article, we discuss how staffing invoice factoring works, its benefits, and how it stacks up against other financing alternatives. To grow your staffing agency and compete with other companies, you need cash to make payroll, train personnel, and take on new clients – this is where staffing factoring comes in. Unfortunately, you often need to wait weeks or even months for customers to pay, creating a cycle of negative cash flow and mounting debt. In the staffing industry, agencies heavily depend on prompt invoice payments to fulfill weekly payroll obligations. 9 Frequently Asked Questions About Our Factoring Services
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