Temporary staffing agencies using payroll and related billing services through a third party such as VMS and MSP (Vendor Management System and Managed Service Provider), may experience cash flow and payroll struggles due to delayed payments.
Working with a payroll funding company that understands VMS and MSP systems can be the right solution to these types of cash flow and payroll problems.
By partnering with a payroll funding company, staffing agencies can ensure timely payment to their employees and vendors, alleviating financial stress. This collaboration stabilizes cash flow and allows agencies to focus on growing their business without the constant worry of payroll delays.
What is VMS/MSP?
VMS (Vendor Management System) and MSP (Managed Service Provider) are essential components in the staffing industry. VMS software helps organizations manage their contingent workforce and streamline the procurement process, while MSPs oversee the entire staffing process, ensuring compliance and efficiency in managing multiple staffing components.
Specialized Expertise
Our payroll funding team possesses specialized expertise and technologies that surpass those of other staffing industry funding companies and generalized invoice factoring companies, enabling us to support and solve unique VMS/MSP payroll funding challenges.
By leveraging our advanced solutions, we empower staffing agencies to focus on their core operations while we handle the complexities of payroll funding. This partnership enhances cash flow and fosters strategic growth in a competitive marketplace.
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