How can we use invoice factoring to finance our staffing agency? Will factoring help to provide the finance to pay our employees on time each month?
One of the most common ways otherwise successful companies find themselves facing cash flow difficulties is paying their staff. This is particularly true of staffing agencies, who have to chase payments from clients while paying a large team of employees on time. Invoice Factoring gives you access to the value of your client invoices when you need it, allowing you to pay your employees on time. We also take care of collecting your invoices, which can free up time and resources that you can utilise elsewhere.