gasilserve.blogg.se - Bluevine invoice factoring

Are you chasing growth? Or looking to optimize your results, such as margins, funding costs, and cash flow? Or both? Depending on what you’re looking for, BlueVine may be right for you. Lindsay talks you through which finance offering supports what you want to accomplish. Takes 1-3 months to get approved and set up.A contract is required with minimums and fees.Cons: Requires 100% of invoices to be financed.Pros: Turn unpaid AR into available funds.Traditional invoice factoring: Send your invoices to a factoring company to get cash advanced against your unpaid AR.It takes 1-3 months to get approved and set up.A contract is required, including minimums and penalties.Requires 100% of placements to be financed.

Pros: Handles 100% of payroll, from payments to claims and taxes.

Payroll financing: Give responsibility for payroll to a 3rd party.

Funding amount doesn’t frow with placements.

Cons: Less than 50% of staffing firms are rejected by banks.

Bank loan: Use a loan from a bank to fund payroll expenses.

Cons: You only have what’s sitting in your bank account, which means you can’t grow quickly.

Pros: No “fee” to pay for using your own cash.

Deploy your own cash: Using cash sitting in the company’s bank account.

Lindsay takes you through the pros and cons of various solutions: Finding what’s right for you is a matter of finding that “Goldilocks” solution. There are four traditional financing options for working capital needs. The one technology missing from this list: working capital finance solutions.

Between running your firm through Bullhorn, managing your books through accounting platforms, and sourcing candidates through job boards, your firms are working smarter, faster, and better. Thankfully for growing staffing firms, there is a dearth of cloud-based staffing technologies available to assist your business. But with more demands for talent, staffing firms need to quickly source and place candidates, handle the increased operational burdens of growth, and keep up with increasing payroll expenses in order to succeed. Lindsay Hoffman, Senior Business Development & Strategic Partnerships Manager, tells us the good news: demands for talent remain strong due to economic growth over the past eight years.