Gil Oliva

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Funding Payroll for Employee Staffing Recruiters

Posted by Gil Oliva on Mon, Jan 06, 2014 @ 11:07 AM

When considering the many aspects of running a staffing company, the concern that frequently rises to the top is financing payroll.Payroll funding for staffing companies

Staffing companies have seen a greater demand for services over the last year as the economy recovers. In order to succeed and grow you must concentrate on providing excellent service to your existing customers, building a new client base, and getting quality assignments for your staff.

Your goal is to employ and retain the best employees, which means paying competitive salaries at regular intervals and always paying on time. This often involves funding payroll for your contractors prior to receiving payment from your clients.

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Topics: Payroll Funding for Staffing Companies, Payroll Advance Program for Staffing Agencies, Financing Payroll

3 Tips to Temporary Staffing Employee Happiness

Posted by Gil Oliva on Fri, Dec 20, 2013 @ 07:15 AM

We are in the middle of another seasonal peak, and the demand for temporary staffing is high. How do you keep your trusted employees happy?


The temporary staffing setting is obviously somewhat different from a regular work environment. Since your employees are working at different companies, the feeling of office unity will rarely be the same. You will always experience employees who are looking for permanent jobs and are using the temporary staffing environment as a stepping-stone, but what about the employees you rely upon to keep your company successful? 

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Topics: Cash Flow Solution, Payroll Funding for Staffing Companies, About Invoice Factoring

Invoice Factoring or Bank Line of Credit?

Posted by Gil Oliva on Wed, Dec 18, 2013 @ 07:15 AM

Accounts receivable financing seems like a great option for your company, but what if you can also qualify for a line of credit from the bank?

Factoring your invoices is regularly suggested as a viable option when you cannot qualify for a line of credit from the bank. Why should a company consider factoring when they are able to secure bank funding? 

A bank line of credit will certainly help meet the cash flow needs of your business. If the credit history of your business is strong, and interest rates are low, you can most likely secure an excellent rate for your line of credit. Following the approval process, a sum of money is then available to tap into as and when your company needs it. The benefits:

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Topics: Cash Flow, The Benefits of Invoice Factoring, Factoring Accounts Receivable, Financing Government Contractors, About Invoice Factoring

Is Invoice Factoring Worth the Cost?

Posted by Gil Oliva on Fri, Dec 13, 2013 @ 07:41 AM

Factoring accounts receivables has become a valuable option for businesses that simply cannot wait to be paid by slow paying customers, but is it really worth the cost?

Let’s take a quick look at cost. When you decide to factor, your factoring company will set a rate, which is dependent upon several things, some of which are:

  • Sales volume
  • Invoice size
  • The creditworthiness of your customers
  • The number of creditworthy customers
  • The length of your contract with each customer
  • The number of days the invoice is outstanding
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Topics: Cash Flow, Factoring Accounts Receivable, Financing Government Contractors, About Invoice Factoring

Invoice Factoring Best Practices – Credit Ratings

Posted by Gil Oliva on Fri, Dec 06, 2013 @ 07:15 AM

Do you ever offer terms to your customers without checking their commercial credit rating first?

The credit of any business can easily be checked, and it should be your company policy to make sure this happens with every customer. The credit rating a company is given takes into consideration the likelihood it will meet its financial obligations. In other words, whether or not you will receive payment on your accounts receivable in a timely manner. Obviously, if their credit rating is bad, you may want to question whether it is worth doing business with them at all.

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Topics: The Benefits of Invoice Factoring, About Invoice Factoring, Financing Government Contractors

3 Common Invoice Factoring Issues and How to Resolve Them

Posted by Gil Oliva on Wed, Dec 04, 2013 @ 08:40 AM

You are set up with a factoring company; you have been successfully receiving funding on your working capital, and were not expecting any difficulties. Your funding has been delayed - what happened?


Our 3 common invoice factoring issues will explain why sometimes things don’t proceed according to plan, and how you can help prevent these issues from arising. These vital pointers will affect your ability to receive funding from your factor, so it is worth bearing all of these situations in mind.

  •  The invoice is sent, but the work has not been completed
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Topics: Financing Government Contractors, About Invoice Factoring

Invoice Factoring and the Customer Interface

Posted by Gil Oliva on Fri, Nov 22, 2013 @ 07:30 AM

A question often asked of invoice factoring companies is will you contact our customers?

The answer is, of course, a resounding ‘yes’. This leads to the importance of searching for a factoring company who understands the business, and is able to interface with your customers at the highest level in a courteous and knowledgeable manner. Let’s examine why the interaction with your customers is necessary.

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Topics: Factoring Companies, About Invoice Factoring

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