In the staffing industry, growth often means significant challenges. Financing, technology, and back-office support all need to improve along with your sales opportunities. At Madison Resources, we provide the resources and advice you need to manage the chaos more profitably. Find out more here.
Unlimited Payroll Funding
When your staffing firm is growing, getting funds to meet the demand can be challenging. If your clients pay in 30 to 60 days, the delay can cause a shortage of cash. Fortunately, you can use payroll funding to cover expenses. Madison Resources can pay you advances based on your invoices. Since we consider the credit scores of your clients and not your staffing firm, you can get advances even if your credit score is low. Because funding scales with your company’s growth, if sales are high, your amount of available funds increases. You use the money to keep your staffing firm smoothly running.
Cloud-Based ATS/CRM Technology and Reporting
When your staffing firm is in growth mode, you need access to the latest applicant tracking system (ATS) and candidate relationship management (CRM) technology. Your ATS manages applicants and your application process required for compliance. Your CRM lets you create talent pools and helps build relationships with passive candidates. By partnering with Madison Resources, you gain access to the most current ATS and CRM technology. We provide all the candidate data you need for your team 24/7. We also keep track of the status of each relationship and whether a candidate has been spoken to before. Your team can use the technology to collectively and transparently share notes, track candidates, develop and nurture leads, and document activity.
Fully Outsourced Back-Office Support
As your staffing firm expands, you save time and money by outsourcing your back office. Because your back-office operations tend to swell during rapid growth periods, you need additional human and financial resources to handle the workload. Outsourcing these tasks to Madison Resources lets you refocus your in-house resources on the activities that make you profitable while maintaining quality and service. Because back-office support is scalable, you expand or cut back accordingly and pay only for services used.
Expert Business Advice
Madison Resources offers you business advice on growing your staffing firm. We provide you with trends on sales gross profit, gross margin markup%, and headcounts. We also report on adjustable periods and comparisons with dropdowns for months, quarters, or annual. Information is broken down into your income statement, balance sheet, and cash flow for ease of use. Your reports are customizable, available online 24/7, and can be exported to Excel. It’s like having a financial planning and analysis department just for you.
Grow Your Staffing Firm
Grow your staffing firm with help from Madison Resources. We provide the funding, technology, back-office support, and business advice you need to increase your competitive edge. Contact us today to learn more.