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 […]

What is Recourse vs. Non-recourse Factoring?

You may have heard the terms recourse and non-recourse when discussing temp staffing factoring or temporary agency finance. But what do these terms mean? Recourse factoring is the most common form of factoring, especially in the staffing industry, and is the type TemPay provides. It means the staffing firm assumes the risk and losses for […]

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 […]

What is Recourse vs. Non-recourse Factoring?

You may have heard the terms recourse and non-recourse when discussing temp staffing factoring or temporary agency finance. But what do these terms mean? Recourse factoring is the most common form of factoring, especially in the staffing industry, and is the type of factoring TemPay provides. It means the staffing firm assumes the risk and losses for […]

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 […]

Technology Can Help Your Firm Run More Efficiently

Technology makes your firm’s operations run faster, easier and more economically. One such way technology can help your staffing firm is in your hiring process, according to a recent Smart Business interview with Jeremy Wilcomb, operations manager at The Daniel Group, an executive search and contract staffing firm. Video resume technology is one of the newest technologies staffing firms […]