What Is Staffing Factoring?

Posted in: Staffing Factoring Articles- Jun 28, 2013 Comments Off

Factoring is a kind of financial transaction that occurs in the world of business when one company or organization sells its accounts receivable to a third party for the sake of having cash flow. Staffing factoring, then, is a transaction that occurs when a staffing company, such as an employment agency, sells its accounts receivable in order to fund operations. This kind of transaction is especially important among staffing companies since they often do not receive payment for placing employees until after the employee has received a paycheck. Some of the best tips for staffing factoring include finding a factoring service that is reliable with a good reputation and which provides a number of extra services that are useful for those in the staffing industry.

There are a number of different staffing factoring companies to choose from. Many experts believe that the best services are those that are provided by companies that with years of experience serving a wide variety clients. Some staffing industry professionals believe that the best factoring services are provided by a company that specializes in working with a particular industry, such as health care or manufacturing. Others prefer a company that is able to provide factoring services for a number of different industries since this may show flexibility on the part of the factoring company.

Source: http://www.wisegeek.com/what-are-the-best-tips-for-staffing-factoring.htm