IMM Financial is a Recruitment Factoring Company with unique solutions to help keep Your Workers Working. It makes no difference if you are a Small Temp Staffing Agency or a Multi-National Recruitment Agency we have programs which will enable you to make your weekly payroll while you wait for your customers to pay you in 30 or 60 days. Regardless of where you are in the world, we have affiliates worldwide including the USA, Canada, Europe, Australia and Latin America to ensure your Employment Agency Receivables are flowing.
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If you are like most Recruiting Agencies you have customers who pay your Temp Staffing Invoices in 30 to 60 days after the time cards have been sent in and you have invoiced them. The biggest issue is that you have to make payroll weekly, pay your remittances monthly so you are looking for a solution to bridge the gap between when you get paid and when you have to cover your expense. This is where IMM Freight Factoring can help you. We can even provide your company with fuel cards so your fuel can be paid directly from your available funds from your Factoring Advances.
IMM Financial has a very strong history with Factoring Staffing Agency Accounts and we know what you face on a daily basis. We have offices dedicated to your industry and can take care of your entire back office needs so you can concentrate on growing your business. We as an Employment Agency Finance Company will send you an advance on your Staffing Invoices and we will be accountable for management of the remittances from your customers.
Generally speaking you will receive funds for your Temp Staffing Agency Invoices over 2 installments. The initial payment will be about 90% to 95% of the invoice value and this will be deposited into your bank account in 24 to 48 hours or to a schedule you select. Many Staffing Agencies who use Accounts Receivable Factoring like to have their fund go into their account the day their payroll is due. In this way, they know they have the funds to cover payroll and do not carry funds in their account which are not being used. After your customer has paid the invoice you will receive the residual funds due to you after the cost of service has been deducted. Our Staffing Factoring Programs are incredibly economical and it is extremely rare for us to be beat on pricing, terms or service.
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The Factoring fee is generally around 1% and 3% of the face value of your invoice. The actual Factoring Fees are dependent on a few things such as customer credit, terms of invoice, time that the invoice is outstanding not to mention the time that the funds you received as an advance have been outstanding. This is a crucial part of most Staffing Agencies as your industry is the most frequent user of our type of service.
The main advantage of Factoring for Recruiters is that your Cash Flow will improve instantly due to the fact you can plan your finances easier as you will be able to receive your funds for your Staffing Invoices right away. The money is available to you for covering payroll, employer remittances and insurance as well as the wages of your general office staff.
Because part of our service is back office Receivables Management we now have the responsibility of working your Accounts Receivable as opposed to you chasing after customer payments. You and your staff will be able to concentrate more on growing the business. Of course you will have full access to view your Accounts Receivable ledgers on line if you wish or if you prefer you can review the printed statements which you can receive. The online version will allow you to see the account live and who is doing what.
Our Financing for Staffing Agencies is second to none. You will not only have a healthier Cash Flow there is a good chance your company will run smoother as well due to several factors, one of which is using our credit services to screen potential new customers. This is a free service that is offered to assist in helping you to grow your business, without the headache of chasing payments from customers.
If your Staffing Agency is ready to grow and you are looking for freedom from carying Accounts Receivables, take a moment to complete the form below and one of our Staffing Factoring Specialists will be contact you shortly do discuss the solutions we offer as well as the options we can offer to your Employment Agency.
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About Wade Henderson
Wade Henderson: Domestic and International Business Finance since 1995 specializing in challenge situations. "We prefer to find a way to get your loan done as opposed to finding a reason to turn it down.” Connect with me on Google+
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