What Can Full-Service Payroll Funding Do for You?
Staffing agencies have a wide range of administrative responsibilities, such as payroll administration, invoicing, payroll taxes and credit monitoring. While money-only factoring alleviates cash flow issues and frees money for growth, other payroll tasks consume time and resources.
By delegating some of these responsibilities to a full-service factoring company, you can gain the freedom to focus on growing your business.
Leverage Decades of Experience in Full-Service Payroll Funding & Support
As your partner for both payroll funding and staffing back-office support, Encore Funding will leverage decades of combined experience to help your agency improve cash flow, efficiency, and operations. Our team will:
- Pay your temporary employees via check, direct deposit or payroll card
- File and pay your company’s payroll taxes
- Provide W-2s to your employees
- Invoice your customers
- Collect from your customers
- Follow up on delinquent accounts
- Provide certainty with one low, fixed fee
- Prepare extensive management reports on the administrative and financial activity of your firm
Helping with Payroll Administration Behind the Scenes
Most importantly, Encore Funding operates as a virtually invisible partner to your staffing agency, handling payroll, invoicing and payroll taxes but as your representative. Your employees and customers will see your staffing agency’s name on their checks and invoices, not ours.
When we perform collection assistance, we will do so as representatives of your company as well, providing the same great customer service your customers have come to expect.
Finally, we will provide you with weekly reports of your business activity to keep you updated and to help you make the best decisions for your temporary staffing agency.
Does your staffing company need full-service payroll funding? You can apply for our staffing factoring services right away by using our easy Application form to get the process started. We look forward to hearing from you!
Talk to Encore
Connect with a dedicated advisor right away to solve your agency’s cashflow and payroll needs.