The Benefits of Factoring

Understanding the details and proceeding with temp staffing factoring offer valuable benefits to the staffing firm. Factoring generally provides cash more quickly without the hassles of financial reporting review. For example, a traditional lender usually asks and takes significant time to review the staffing firm’s financial statements and tax returns, whereas a factor usually doesn’t […]

5 ways to improve staffing company cash flow

Cash flow is the bane of every staffing firm’s existence. In an industry in which employees and vendors are often paid weekly, customers can take 30, 45 or even 60 days to pay, creating a cash flow gap.   Consider these five ways to improve your staffing company’s cash flow.   Decrease payment terms. While […]

Governmental Requirements for Starting Your Own Staffing Agency

As businesses go, staffing companies are relatively easy to launch, requiring fewer licenses and less paperwork for business owners than businesses in other industries. So it’s no surprise that starting your own staffing agency is a popular business venture, with new staffing companies popping up left and right. However, if you’re thinking of starting your […]

What is Money-Only Temp Factoring?

When your firm needs a temp agency funding solution but not full-service administrative support, contact TemPay, the most responsive, affordable and personalized choice. TemPay offers money-only factoring because sometimes you don’t want or need comprehensive administrative support. Negative cash flow may be straining your company’s finances or you may have to turn away business because the bank […]

Ask TemPay: How Can I Maximize Profits?

If you have clients that are slow or late paying, you can improve staffing company cash flow by holding customers to the pay terms set in their contracts. If a customer doesn’t adhere to the terms, it is important to be proactive. Contact your customer for status on the payment, and consider increasing your bill […]

Why Choose TemPay?

TemPay brings more than 20 years of experience in the temporary staffing industry. We manage staffing company cash flow and payroll funding, a huge benefit in an industry where employees must be paid immediately and customers may take 30, 45 or even 90 days to pay. TemPay has two major services: our money-only factoring solution or our full-service back-office […]