The Secret to Collections: Four Tips for Staffing Agencies to Streamline Accounts Receivable

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...]

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...]