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Invoice Factoring Can
Remedy Cash Flow Problems
By
Staff Writer
(https://staffingfactoring.com)
Staffing agencies that are having cash flow concerns due to the credit they are granting their customers of 30 to 90 days on invoices or agencies that are struggling to meet payroll can remedy the problem by selling their invoices to a factoring company.
Factoring is a necessary financial tool for agencies to remain competitive, more and more of their customers are demanding credit and unless the agency has sufficient cash to meet payroll and general operating expenses, factoring is the solution to maintain positive cash flow, a constant flow of capital irrespective on how long their customers take to pay, generally 30 to 90 days.
For more information visit https://www.staffingfactoring.com