Recruitment Factoring - Corsa Finance

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Benefits of Recruitment Factoring

Recruitment factoring can deliver the cash flow results you need in today’s hectic business environment.

Whether you have previously considered the benefits of working with factoring companies, you are already factoring recruitment invoices, or you are looking for ways to speed up agency cash flow, we would be happy to provide you with a free, no-obligation quote.

We offer recruitment factoring services that can be tailored to your agency’s preferences and financial needs, which magnifies the benefits of factoring recruitment invoices even more. With details like:

Fees as low as 1%
Fast funding – as little as 1 business day
High advance rates with low holdbacks
No upfront fees
No long-term contracts
No factoring minimums -you choose which invoices to factor
No add-on or hidden fees
No application or due diligence fees
Financing without taking on debt
Friendly, professional customer service

Getting a factoring proposal is easy and completely free. We can usually provide a quote for recruitment factoring services in 24-48 hours (or even faster). Within just a few days, you could improve cash flow for your employment or recruitment agency, resolve cash flow challenges, and grow your business faster.

Sell Your Invoices for Cash Flow or Payroll Funding

Here’s how the factoring process works for recruitment agencies:

1. SUBMIT AN INQUIRY

Submit an inquiry, and we’ll work to find a funding solution that aligns with your agency’s preferences and goals.

2. GET WORKING CAPITAL

Get answers within hours. You could go from approval to your first funding in hours!

3. GROW YOUR AGENCY

Expedite cash flow as a payroll funding loan or as an agency cash flow management tool.

Stop chasing customer payments!

Recruitment factoring – Use outstanding invoices to build faster growth.

Grow Faster

Expedite Cash Flow and Grow Faster Using Recruitment Factoring Services

Recruitment factoring can lead to faster growth. More so than in many other industries, firms such as recruitment and staffing agencies often spend a considerable amount of money long before associated revenues are realized.

For instance, long before customer payments come in, an agency may have already spent a significant amount of money on advertising and marketing activities necessary to attract job listings and candidates, on pre-employment screenings, and on meeting agency overhead and operating expenses.

Recruitment agencies may find cash flow depleted to the point that growth stalls while they wait for clients to remit payment on open invoices. Staffing and temporary agencies also commonly use factoring to manage cash flow.

Low or inadequate cash flow can slow agency growth, with the result being an agency that might then be unable to take on new business, cannot pursue larger, potentially more profitable client accounts, and lacks the capital needed to take advantage of emerging opportunities quickly. This problem can be further exacerbated when strategic marketing decisions are made to extend longer payment terms to clients as a competitive advantage.

Recruitment factoring companies offer a financial tool that can immediately speed up agency cash flow by funding client invoices as soon as they are generated. Instead of waiting weeks—or even months—for clients to pay, recruitment agencies that factor receivables can receive same-day funding on client invoices while extending favorable terms to their clients.

Factoring Process

Process for Factoring Your Agency’s Invoices

Invoice factoring speeds up cash flow, generating the capital needed to grow more quickly. Here is an overview of how factoring staffing agency invoices works to speed up cash flow:

Client services are fulfilled, and an invoice is generated. The invoice is factored for a low fee (a factoring fee, which could be as low as 1%).
The factoring company advances funds a high percentage of the invoice amount (often 90% or more), speeding up cash flow and enabling faster growth instead of the recruitment agency waiting for the client to pay.
Once the customer pays the invoice, any amount held in reserve (see formula below) is also returned to the agency.

For instance, let’s say that a recruitment agency is billing their client $5,000 for the placement of a new manager. When they choose to factor the invoice, the transaction might look something like this: