Payroll Funding And Vendor Managers
Payroll Funding | Vendor Manager Systems (VMS)
| Managed Service Providers (MSP)
When your payroll and related temporary-agency staffing billings are tied into third-party VMS Staffing Industry Vendor Manager systems and MSP Staffing Industry Managed Service Providers, we bring a team of payroll funding experts most accommodating and best equipped to facilitate payroll funding requirements.
WHAT IS VMS / MSP?
VMS and MSP are third-party middleman vendor companies contracted by the actual end user of the labor/temps to manage billings for payroll, time approvals, and other human resource components. VMS are common with IT Information Technology Staffing, Medical Healthcare Staffing, and often when Fortune 500 companies are your customers or target prospects.
Unless you go through the VMS vendor manager middleman’s online billing, time and approval system, and contract directly with the VMS, you cannot provide labor/contractors to the actual end user of the labor. This often introduces new challenges for related payroll funding and billing needs.
Our team has specialized expertise and technologies beyond other staffing industry funding companies and generalized invoice factoring companies….to help support and solve special VMS/MSP payroll funding challenges such as:
VMS/MSP-Staffing providers and their fine-print contractual arrangements that only allow you to invoice once a month for the labor performed, even though your staffing company must make payroll for employees or contractors weekly. In such cases, many competitor ‘factoring’ companies cannot fund payroll on time because adequate weekly funding documentation is unavailable.
Staffing Vendor Managers and Managed Service Providers continuously provide staffing companies payment remittance data, all directly or indirectly related to payroll and invoiced-billed amounts. With a number of VMS, the payroll-related customer payment remittance data from the VMS is presented in a way that is confusing or inadequate–requiring the supplier-staffing agency to spend hours every week or monthly trying to reconcile payments with billings, hours and overtime approved or denied.
ADVANTAGES OF OUR VMS / MSP PAYROLL FUNDING PROGRAM:
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Meeting payroll regularly
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No application fees
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No early termination penalties
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No contracts
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Simple application to funding process
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High advances on eligible receivables
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Competitive rates and flexible terms
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Startups to $35 million in monthly purchases
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Free invoicing and collections services
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Free credit reports on your customers
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Online account access
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Account Executive services
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Deal directly with decision makers
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We specialize in Vendor Management Systems (VMS)
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Very likely we'll be able to beat any other offer you might be considering
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And more
Staffing agencies will be working with a team that has developed leading-edge technologies to make payroll on time and reconcile VMS/MSP payments for their services quicker and more accurately…saving agencies the precious time it takes to reconcile, and also saving thousands of dollars (or tens of thousands) in payments that their company may otherwise be shorted by the VMS. For some staffing companies, the annual savings from a VMS/MSP payroll-funding related reconciling technologies effectively translate to FREE funding.
For more information on our payroll funding services, CLICK, the office that handles your area will be contacting you shortly.