How to Start the Payroll Factoring Process with TemPay

You’ve completed a TemPay application for temporary payroll factoring, been approved, and are ready to begin your funding relationship with TemPay. Now what? Here are the 3 steps needed to get your company ready for your initial payroll funding: TemPay’s processing department will advise you on our process and procedures and how to send your payroll/billing requirements to TemPay. 2. […]

Ask TemPay: Is My Information Private?

At TemPay, we respect our clients’ privacy. Your  clients will not know you are a TemPay client or receive payroll factoring. TemPay operates as an invisible partner, and paychecks, accounts receivable invoices and tax filings all bear your company name along with our lockbox remittance address. If we call your staffing firm’s customers, we do so […]

What is Payroll Factoring?

TemPay offers a type of staffing agency finance called payroll factoring. In this method, staffing firms sell their accounts receivable invoices for a fee to TemPay and gain cash up front for expenses such as employee payroll. TemPay advances up to 90 percent or more of the agency’s invoice total, placing it among the highest […]

Staffing Firm Thrives With Customer Loyalty, Repeat Business

Founded 28 years ago, staffing firm Add Staff has helped more than 41,000 people in Colorado find temporary and permanent jobs since 1984. In the process, it has grown from a one-employee operation to the largest locally owned staffing company, generating more than $13 million in revenue last year, according to a recent Colorado Springs Gazettearticle. “We’ve survived three business […]

What Is Temporary Agency Payroll Factoring?

TemPay offers a type of staffing agency finance called payroll factoring. With factoring, staffing firms sell their accounts receivable invoices for a fee to TemPay and gain cash up front to pay their employees and other related parties. TemPay advances up to 90 percent or more of the agency’s invoice total, among the highest advance rates […]