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PAYROLL FACTORING

ABOUT PAYROLL FACTORING

If you are keen to take control of your cash flow, our Payroll Factoring services can be of great assistance and benefit.

It is vital that companies understand how important cash flow is for their business. If you don’t have a reliable cash flow, it doesn’t matter how strong your balance sheet looks or what you project for the future, you may be in trouble.

At Pentagon Payroll, we understand that many businesses, professionals and sole traders struggle to receive on time.

This means you can spend time chasing up invoices and it may be that these situations leave you feeling stressed and over-worked, while losing time that you could spend on work.

Many companies feel that cash flow worries detract from the good work they do and a lack of cash flow is regularly cited as a barrier to expansion plans.

If you are looking for a high standard of support and assistance when it comes to your cash flow, and your payroll services, rely on Pentagon Payroll for help.

Payroll factoring is often similar to the way you can borrow money from a bank but it occurs in a more commercial manner.

Payroll factoring allows you to minimise the risk your business is exposed to, it can help you gain immediate funds and it can smooth out cash flow into your business. These are all important factors that can make the difference between success and failure for a company.

Payroll factoring has become extremely popular in recent times and it is a way for new and emerging companies to gain assistance when developing. The system operates through the use of invoices being sold to selected brokers, by agencies, usually for a discounted rate. The broker will then collect these invoices, which provides more time for companies to operate and it ensures that money comes in when it is required. Many businesses believe that this is better than dealing with banks or financial institutions to obtain funding.

If you are interested in payroll factoring and you would like to learn more about the process, please get in touch with Pentagon Payroll.