Why is payroll factoring an effective form of financing for small businesses?

Payroll factoring is a perfect form of staffing agency finance for small businesses because the process is quick and easy. In payroll factoring, you sell your accounts receivables invoices for a fee to obtain immediate cash. Your clients then pay the factor. This type of staffing agency finance allows you to manage your agency’s cash […]

Understanding Recourse and Nonrecourse Factoring Services for Staffing Firms

Most staffing agencies choose payroll factoring as their type of staffing agency finance. With factoring, staffing firms sell their accounts receivable invoices for a fee to the factor and gain cash up front to pay their employees and other parties. There are two different types of factoring. Recourse – With recourse, the staffing firm assumes […]

Payroll factoring terminology: Important words to know

Payroll factoring is a relatively simple process. However, you may run into some terms that leave you scratching your head.   We’ve defined the most commonly used words and phrases to take you from payroll factoring zero to hero and help you decide on the best option for your staffing firm.   Accounts receivable – […]

Top 5 reasons to consider payroll factoring

Payroll factoring is a favored form of staffing agency finance, and it’s easy to see why.   With payroll factoring, staffing agencies sell their accounts receivable invoices for a fee to obtain immediate cash. Your clients then pay the factor directly.   Still not convinced? Here are the top five reasons you should consider payroll […]

How does payroll factoring compare to an accounts receivable line of credit?

While both payroll factoring and accounts receivable lines of credit deal with accounts receivable, they are, in fact, two different types of staffing agency finance.   • With factoring, staffing agencies sell their accounts receivable invoices for a fee to obtain immediate cash, and their clients then pay the factor.   • An accounts receivable […]

How can accounts receivable finance improve my bottom line?

Accounts receivable finance is a popular type of staffing agency finance in which firms sell their accounts receivable invoices for a fee to obtain immediate cash. This option allows staffing firms to manage their agency’s cash flow in an industry in which employees and vendors are often paid weekly, while customers can take 30, 45 […]

What is accounts receivable finance, and how can it benefit my business?

Accounts receivable finance, also called payroll factoring, is a type of staffing agency finance in which you sell your accounts receivable invoices to a factoring company for immediate cash. Your clients then pay the factor directly. The benefits of this type of financing are tremendous in an industry in which employees and vendors are often […]

What are the advantages of financing through a payroll factor?

Financing through a payroll factor allows your staffing firm to quickly receive the working capital you need to operate and grow your agency. In payroll factoring, you sell your accounts receivable invoices to the factor for immediate cash, and your clients then pay the factor. This is a tremendous benefit in an industry in which […]

How TemPay can help with your company’s payroll factoring

Payroll factors such as TemPay provide a service in which staffing agencies sell their accounts receivable invoices for a fee to obtain immediate cash. Your clients then pay the factor. This type of staffing agency finance allows you to manage your agency’s cash flow in an industry where employees and vendors are often paid weekly […]

How payroll factoring produces working capital

Payroll factoring is a type of staffing agency finance in which staffing agencies sell their accounts receivable invoices for a fee to obtain immediate cash in the amount of the invoice. Your clients then pay the factor directly. This arrangement provides your staffing firm with instantaneous working capital you can use to operate and grow […]