![]() By unlocking this money immediately, you have the working capital you need to take on more customer orders, serve larger customers (and fulfill bigger orders), invest in equipment or infrastructure your business needs to grow, and more. ![]() If your money is tied up on the books in the form of unpaid customer receivables, it can’t be leveraged to take advantage of new opportunities. Taking advantage of emerging opportunities.It’s a win-win scenario where your customer has time to make payment on their invoices, but your business gets access to the money it’s earned as soon as the same day a customer invoice is generated as one of the benefits of invoice factoring for staffing companies. If your staffing agency provides goods or services and then invoices clients on terms (net 30, on receipt, etc.) you can create competitive advantages for your agency by extending more generous customer payment terms. There are six main benefits of invoice factoring for staffing companies.įactoring invoices can help eliminate a significant portion of the time you’re spending on accounts receivable activities? Instead of sending customer invoices and chasing customer payments, you can factor invoices with Goodman Capital. Keep reading to find out about the benefits of invoice factoring for staffing companies and learn whether it could help you grow your staffing agency more quickly. Focus on growing their business instead of chasing receivables.Meet payroll and operating expenses more easily.Take advantage of emerging opportunities.Staffing agencies that factor invoices can use the working capital that would otherwise be tied up in customer receivables to: #INVOICE FACTORING FOR STAFFING COMPANIES SOFTWARE#We can integrate your new funding into your accounting software to seamlessly pay your staff and accurately report the transactions on your ledger.The benefits of invoice factoring for staffing companies go beyond expedited cash flow. To maximize the effects of factoring, you must be able to quickly use your new cash to pay your staff, and ultimately report the data accurately on your books. Our team can help you pinpoint which agency has the proper experience and credible history to provide you with solutions that are specific to staffing companies. Remember, not all factoring companies are created for staffing companies. If you decide that factoring is the best solution for you, finding the right partner can be challenging. You must assess all funding opportunities that are available to you and decide if invoice factoring is the most suitable option. As the timing between paying your staff and receiving invoices from your clients may not align, diagnosing how much cash is needed can be difficult. Our team of experts draws on decades of experience to ensure that you make the most out of your factoring opportunities.īefore considering factoring as an option, you must assess how much funding is needed to operate your business. However, management of your factoring relationship can become problematic without an appropriate accounting process.Īt Lescault and Walderman, we provide oversight and management solutions for factoring for staffing companies. Invoice factoring can be an instrumental tool in receiving the on-demand cash flow that you need to pay your staff as you grow. As a staffing firm, payroll funding is essential to keeping your doors open. ![]()
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