How to Start The Payroll Factoring Process

You’ve completed a TemPay application for temporary payroll factoring and are ready to proceed with your partnership with TemPay. Now what? Here are the 4 steps to get your company ready for your initial payroll funding: TemPay’s payroll department will advise you on our process and procedures and how to send your payroll to TemPay. […]

How to Start the Payroll Funding Process

You’ve completed a TemPay application for temporary payroll factoring and are ready to proceed with your partnership with TemPay. Now what? Here are the 4 steps to get your company ready for your initial payroll funding: TemPay’s payroll department will advise you on our process and procedures and how to send your payroll to TemPay. You will provide […]

Who Owns Accounts Receivable in Factoring?

Temp staffing factoring, in which staffing firms sell their invoices for a fee to a third party and gain cash upfront to pay their employees and other related parties, is a popular temp agency funding option. However, it is sometimes difficult to determine who owns the accounts receivable. “In a traditional banking situation, you’re using […]