Factoring for Staffing Agencies
Research has shown that many businesses that fail, do so because they are unable to make incoming cash receipts stretch to cover short-term obligations. “Factoring” is a cash flow tool that helps employment agencies meet payroll obligations weekly, even though most customers pay on terms of 30 days (at best). As a temporary agency, weekly payroll payments can cause cash to be tight as the business grows, so why struggle needlessly with cash flow problems? Factoring is the solution!
OCC can help temporary agencies solve the cash flow problem and become more successful by offering:
● Quick Credit Checks
● Credit Guarantees on Qualified Accounts
● Professional Account Receivables Management
● Immediate Access to Cash for Growth
CREDIT CHECKING SERVICES
Often times companies contract with temporary agencies if they are experiencing hard times. By utilizing a temporary agency, a business can delay their payroll. OCC provides a free and quick credit check service that temporary agency clients can use on prospective businesses.
ACCOUNT RECEIVABLES MANAGEMENT
Over the years we have learned that the major concern of any company considering a factoring arrangement is how the Factor will handle its customers. As an accounts receivable manager, we serve as both your credit advisor and collection specialist. We provide the working capital you need to meet your weekly obligations, and our experienced staff will relieve you of the time-consuming and sometimes tedious task of managing your own receivables.
If you find yourself in a difficult cash flow position, now or in the future, you may want to contact us to see if we can be of service to you and your company. Nothing ventured, nothing gained. You’ll be surprised how fast and easy Factoring really is.