TRULY FLEXIBLE PAYROLL FUNDING
Flexible Funding™ lives up to our name… with authentic flexibility in a payroll funding program. Many other payroll funding companies and factoring companies use the word ‘flexible’ in their website marketing, trying to latch onto an advertising buzzword …but unable or unwilling to live up to the claim.
Why is Flexible Funding’s™ payroll funding truly more flexible than factoring companies, and payroll funding or payroll financing companies that ‘purchase’ invoices?….
With true payroll funding, the funding process is less Intrusive with your customer accounts, than with factoring. In the normal course of business,
invoices to your customers accounts are not stamped or worded with confusing (or threatening) legal language, separate legal notices are not sent to your
customers, monthly statements are not sent to your customers by the funding company, and invoices are not generally intrusively verified 52-weeks-a-year
with your customer’s accounts payable or accounting department. Your customers continue to make out payment checks in your company name, and Flexible
does not ‘collect’ from your customers, unless you want our help in doing so. And when you specifically request our assistance with collections,
it is at no additional cost and seamlessly integrated with your own collection efforts.
Flexible Funding’s™ less-intrusive invisible-to-your-customer
authentic payroll funding process allows you to better build your staffing company’s Identity/Brand…and ultimate company sales value.
Authentic payroll funding does not dilute your brand out in the world with factoring company identity and interference.
When you ‘factor’ invoices, or work with a payroll finance company claiming to do payroll funding –but really doing nothing more
that ‘factoring’– you are ‘selling’ your invoices. The finance company is technically purchasing them.
In such cases, you are SELLING OFF YOUR ASSETS and they no longer appear on your company balance sheet as an asset of your company.
Financially this may not appear strong, as most staffing companies already have little or no other assets other than their accounts receivables
(they do not typically have physical inventory, equipment, or real estate assets.) By continuing to ‘sell’ your receivables with factoring,
you build no assets. With no assets on your staffing company balance sheet, it can sometimes make it more difficult to graduate to a lesser-cost traditional
bank line of credit or to private investment funds…that want to see a few years of company profitability AND assets on the balance sheet.