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 rate for terms longer than the typical net 30 days. You can also maximize profits by having customers pay via TemPay’s eCheck payment method or automated clearing house (direct deposit).
Want answers to more tough questions? Visit Tempay’s FAQ page.