Picture this: you’re a long-distance runner, trying to cross a finish line that’s held by two people who are running away from you as you speed towards it. The people holding the finish line aren’t running very fast, just barely jogging, but you keep stumbling over the roots and pebbles in your path. You’ll be five feet away from ripping through the finish line, only to trip and lose thirty more feet. Somehow the people holding the finish line ribbon never fall. Suddenly another person appears beside you on a Segway, keeping perfectly in line with you, stopping when you fall, matching her vehicle’s speed to your stride. She offers you a deal: she’ll get rid of any roots and stones in your way if you give up a small percentage of your maximum speed capacity. So instead of running at 100% and falling every dozen strides, you’ll run at 98% and never fall. She says there’s no commitment, and if you’re dissatisfied you can reverse the deal at any time, gain back the 2% you lost, and continue to stumble over obstacles.
This is invoice factoring for staffing.
It’s a financial solution designed to optimize cash flow and working capital by converting unpaid invoices into immediate cash. When a staffing agency sells its unpaid invoices to a factoring company, it receives a cash advance, allowing it to meet operational costs like payroll and overhead expenses without delay. This process, also known as invoice factoring, ensures that staffing agencies can keep running smoothly without stumbling over cash flow hurdles.
Factor Finders, the parent company of EZ Staffing Factoring, knows how cash flow woes can strike at any time, suffocating your staffing agency and turning financial molehills into mountainous obligations which suck up all your company’s time and resources. Our goal is to give your staffing agency the tools to combat such unwanted adverse conditions, with invoice factoring. We make funding easy for you so meeting payroll and covering basic costs doesn’t have to be like running a race and tripping over roots and stones. We want your staffing company to thrive.