Solve Your Temp Agency's Cash Flow Problems Today!

Like many other fields, most companies that provide temporary staffing face the same problem at one time or another.  This problem is a lack of cash flow within the company.  Whether it is an inability to meet payroll demands or cover the cost of upgrading office equipment, a lack of money within a company can mean disaster.  The reason that this issue is so common among temp agency's is because although their employees are doing work for clients, the temp agency does not actually receive the payments for these jobs for 1 to 3 months.  During these periods of waiting for invoices to be paid, a temp agency's cash flow can become extremely limited, which can lead to the problems discussed above.

Fortunately, there is a way for you to ensure that your temp agency no longer has to deal with any cash flow problems caused by waiting for invoices to be paid.  The process that solves this problem is known as factoring, and it allows you to eliminate the waiting period all together.  Instead of waiting for your payment for one to three months after issuing your invoice, you can have your payment in approximately one day.  The reason that you can receive your payment so quickly is that the financial company offering the factoring service will purchase your invoices for seventy to ninety-five percent of their value as soon as they are issued.  After the invoice is paid, the factor will take a small percentage as a service fee and return the remaining balance to your company.

Even though your temp agency may have been plagued with cash flow problems in the past, it no longer needs to be this way.  Whether you are an established temp agency or an up and coming one that is growing aggressively, factoring can help you meet and exceed your expectations for your company!