Factoring Accounts Receivable, a Payroll Solution For Staffing Companies
Factoring Accounts Receivable, a Payroll Solution For Staffing Companies
Cash flow is consistently one of the biggest problems that businesses face. Invoices for goods or services are sent and payment comes in when it may, however, the expenses for your business don't stop and in most cases need to be paid immediately. How do you deal with the cash flow problem? This is a difficulty that can be particularly complex if you own a staffing company. Laborers work for companies outside your business, but receive their paychecks from you, the staffing company. How do you keep the cash available for these employees? The answer for many companies, particularly staffing services is by utilizing a factoring company. Factoring companies purchase accounts receivable in exchange for immediate cash and help businesses grow without diluting equity or incurring debt. For staffing companies, factoring of accounts receivable offers better liquidity, freeing up cash resources that wouldn't be possible otherwise. Businesses are able to choose which invoices they want to factor-regularly or on occasion, when you need a burst of liquidity. This flexible financing helps your company growth by allowing you to have cash when you need it. Advances are available for up to 97 percent of invoices and can even help to fund taxes if you desire. Utilizing factoring also reduces your credit risk. You aren't taking a loan from a bank, but handing over accounts receivable and many factoring companies take the credit risk on most transactions with our non-recourse programs. By utilizing the extensive invoice factoring experience and credit information databases of an experienced factoring company bad debts are avoided. By utilizing a factoring company, you can turn your focus to growing your business. Instead of spending your time and increased cash on hand where it's most valuable: finding new customers and managing day-to-day operations. A factoring company will even make collections calls and provide detailed reporting to keep you up-to-date on your factored invoices. Factoring companies have quick turnaround times and offer 24/7 online reporting capabilities. The process is quick and easy. Most businesses are able to begin factoring accounts within one week. There are many factoring companies out there, but Bay View Funding has the experience and service to help your staffing company grow and prosper. Bay View Funding can take over your billing, collection and customer credit monitoring needs, leaving you with more time to grow your business. They have served thousands of successful companies, spanning a wide range of industries, who have entrusted them with their invoice financing needs. Their accounts receivable factoring service has helped manufacturing, distribution and service companies, including freight transporters, grow and prosper. Bay View Funding is strongly committed to providing businesses with convenient invoice factoring to solve their cash flow challenges. Bay View Funding has provided businesses with invoice factoring to solve their cash flow needs since 1985. Increase The Pay Rates For Indigent Cases, Says Judge Get Pay Per Call Low International Rates Salebuy is a Great Option Shanghai Morning Post: Give Online Shopping Settings "regret Right" You - Online Shopping, GlaxoSmithKline Expecting to Pay Billions to Settle Paxil Lawsuit Birth Defect Cases How To Buy The Right Pulse Oximeter Property Buyer Seller Agreement How To Easily Buy The Right External Hard Drive Gain More Details About Buy Cataclysm Paying the passive price Journey! But Don't Pay Roaming Fees Note this when shopping online Don't Buy A Down Comforter Until You Read This