If your staffing agency doesn’t have the funds to make payroll, your employees won’t have any sympathy for your cash flow problems or your payroll system’s lack of speed and integration. When checks start bouncing, employees start looking for work elsewhere.
As your staffing agency grows, payroll funding issues may indeed arise. Are you prepared to handle payroll funding problems quickly and effectively so that your contingent workforce gets paid on time?
For instance, if your payroll is due today, but you won’t see any money from your invoices in the next 30 days, you’ll have to go to a financial company to secure those funds in exchange for a fee.
The last thing you want is for your employees’ paychecks to bounce. But without the right funding integration system in place, you can’t provide the financial institution the necessary data to get the money where it needs to be on time.
BWSI knows timing is a critical element of funding. We have staffing software that takes your data and custom formats it to the funding company’s standards so money can be easily transferred between accounts.
When you outsource your payroll process to BWSI, you’ll never have to worry about whether your request for funds necessary to pay your workforce will make it to your provider on time.