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Accounts Receivable Financing for Staffing Firms & Payroll

Posted by Chris on Sep 28, 2017 in Non-Recourse Accounts Receivable Factoring, Payroll Funding, Staffing Factoring | 0 comments |

Accounts Receivable Financing for Staffing Firms & Payroll

As the US economy continues on its upward path, the demand for temporary staffing is growing even faster. However, from 2020 to 2024, the global average increase in revenue is expected to be roughly 2%. These trends reveal sustained growth in revenues and profitability for staffing firms. At the same time, growth also means continuing and ongoing struggles in staffing companies’ cash flow. The reason: Client companies often take their time paying their invoices; normally taking them 30 to 60 days. Meanwhile, the staffing firm needs cash to...

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