Many staffing agencies are looking for the secret to a painless collections process. The accounts receivable (A/R) collection process can be long, arduous, and thankless for your staffing agency’s team. From our Lone Oak Payroll team of accounts receivable experts, here are the top secrets to streamlining your collections process. 1. Do your homework on the initial vetting process for new clients Before you accept any new clients, you should know what kind of customer you’re doing business … [Read more...]
Top Three Challenges for Staffing Agency Start-Ups
Are you interested in starting up your own staffing agency and want to know the top challenges you can expect as you plan your staffing agency strategy? Check out the top three challenges you may encounter as you take the first steps for your staffing agency start-up. Contact Lone Oak Payroll to learn how our payroll funding, payroll processing, and additional back office services can help you overcome these three barriers to starting your staffing agency! Top Challenges Facing Start-Ups … [Read more...]
3 Ways to Grow Your Staffing Agency with Payroll Funding
The tight labor market combined with an increasingly competitive atmosphere in the staffing industry means that growing your staffing agency can be an uphill battle. Payroll funding can offer you additional resources to effectively grow your staffing agency in this competitive environment. With payroll funding (also known as invoice factoring), your accounts receivable is purchased, which gives you more flexibility while waiting for your clients to pay their invoices. While there are several … [Read more...]
What is Payroll Funding?
So what is payroll funding? We explained payroll funding for staffing agencies in 7 simple steps! Check out the infographic. Want to learn more about payroll funding with Lone Oak Payroll? Contact us today! … [Read more...]