1. Networkers Funding is a full service
administrative and payroll funding Payroll Funding
company for the temporary staffing /
temp help industry. We provide
everything a staffing company needs Fully Integrated Applicant
to be able to take your mind off of Tracking/Staffing Software
administration, and focus on sales.
Networkers Funding has combined Billing and Payroll Services
our state-of-the-art technology with
our professional staff to provide you
with an unbeatable combination of Accounts Receivables Mgt
hands on care and automation. We
will assist you in all of your front
and back office processes, and About Us
provide you with payroll funding to
meet your financial needs. Your
success is in our best interest, and we Contact Us
are committed to taking care of our
business in a way that allows you to
take care of yours.
866-794-7246 // www.networkersfunding.com
2. Networkers Funding typically advances up to 90% of your weekly billings. We are unlike
other payroll funding companies who say they do a 100% advance and then hold a cash
reserve every week, or hold your profit checks for up to a month. We tell you up front
exactly what your true advance rate will be, and hold no additional cash reserve. Think you
need a 100% billing advance? Click here to see the difference. Still not convinced? Call us
and we’ll work something out.
With our state-of-the-art receivables management tools, we can notify you when invoices are
paid out of sequence, or payment trends change. Our goal is to help you keep your
receivables as current as possible.
As your company grows, so does your line of credit with us.
You can review your funding activity on-line 365/24/7.
You receive credit for your cash receipts when they arrive at our lock box. No waiting 5-7
days for a check to clear. If we have it in time for your weekly activity report, you get the
credit.
Monies due from your funding activity report are transferred into your bank account
weekly. Profits are paid on Tuesday for the prior week’s billings.
Ask us about our volume discounting programs.
866-794-7246 // www.networkersfunding.com
3. Networkers Funding provides our clients with an applicant tracking / staffing software that is
fully integrated to our billing and payroll services. That means no more duplicate entry
between your staffing software and your billing and payroll! The software operates as an
application service provider (ASP), so all you need is a PC with an Internet connection, running
Internet Explorer, to access the software.
Here’s what that means to you:
A safe, secure place for your data to reside.VeriSign certified SSL security incripts your data to maintain
security over the Internet.
No expensive servers to purchase and maintain.
No hassle upgrades -- They’re automatic.
Access your data from anywhere you have an Internet connection.
Share data easily between multiple offices.
Competent, professional IT staff to maintain system security, stability and efficiency.
Professional, nightly backups of your data.
We take care of the hassles so you can concentrate on growing your business.
Software Features:
Applicants/Candidate Database Clients/Prospect & Job Order Database
Applicants apply online from your website Client and client contact management
and we electronically pass it to your database Submittal, interview and placement tracking
Comprehensive applicant search Job order tracking and management
Attach resumes & other documents for easy Easy map generation to your job site
access and retrieval Standard letter generation to clients and
Quickly and easily search text of resumes to applicants
match against job orders
Enter notes & update applicant employment Billing & Payroll Interface
status in one step No duplicate entry. Applicant, client and job
Tracks submittals, interviews & placements order information is used to generate billing
Automatically updates work history and notes and payroll information
as applicants are sent on assignments for you Enter hours quickly and efficiently
Centralized applicant hot list tracks your most Print paychecks right in your office. No more
placeable candidates waiting for overnights that may never arrive.
Forgot to pay someone? No problem. Process
Other Features: the paycheck while they wait in your office
To-Do/Scheduling – easily schedule follow up Real-time, online reports available 24/7
calls, or send to-do items to other staff
members. Pop-up reminder! Features Coming Soon!
Communications page acts as an electronic Online Time Ticket
bulletin board for your office Automated data entry from text resume
866-794-7246 // www.networkersfunding.com
4. Superior customer service, cutting edge technology, streamlined and efficient.
Make the comparisons yourself…
Networkers Funding Other Funding Companies
Automatically send start-up information to Purchase your own applicant tracking
billing and payroll with the click of a software. Duplicate information from your
button database to your Payroll Company
Hours entry list is automatically generated Call for a time entry worksheet, fill it out
from your placements list. Enter hours manually and fax it back to your funding
quickly and efficiently over our secure site. company.
Real-time, interactive reports. Our Checks will be sent in an overnight that
definition means you can view and print will hopefully reach you tomorrow along
your paychecks and reports the same day with day old reports.
Need a check for late hours or a replace- Call your funding company. Wait for a call
ment check for lost checks? Print them in back. Write a manual check using their
your office while your employee waits. calculations, or wait for an overnight that
you’ll be charged for.
Invoices delivered to your customers via
email, fax or postal services. Invoices sent through postal service
Other services included in our pricing: Interactive Management reports:
Direct deposit and pay card availability Sales journals
Internal employee payroll processing Aging summary and detail
Workers compensation tracking and reports
Cash receipts
Assistance with workers compensation audits
Preparation of weekly payroll tax garnishment Payroll check register and journal
payments New hire reports
Generation of permanent placement and other Workers compensation reports
miscellaneous invoices Tax payment reports
Payroll tax preparation including federal, state Gross margin reports
and local withholding, 941, 940, W-2 and Weekly activity reports
SSA Upload
866-794-7246 // www.networkersfunding.com
5. Networkers Funding provides state-of-the-art technology to assist in keeping your accounts
receivable current and reducing your bad debt experiences. No one wants to suffer losses
from potential credit risks. Networkers Funding keeps you informed so you have the
necessary cash flow to continue growing your business.
Our Accounts Receivables Management Includes the Following:
Experian Business Profile run on perspective clients to provide you with the most
complete picture of their payment history available BEFORE you place employees there.
On-line reports and collection information are available 365/24/7 via the Internet. No
waiting for overnights. No wondering what came in. Just log into the database and
retrieve your interactive reports when YOU need them.
Ability to e-mail or fax invoices directly to your customers for faster turn around time on
collections. Go online and reprint invoices that your customer lost or misplaced and hand
deliver the same day. No waiting for a call back or fax, because our reports are
interactive.
We don’t call your clients unless YOU ask for assistance. No harassing phone calls for
you to explain or make up for. No damage to a relationship you spent years developing.
Our contact with you about your receivables is done directly with you. We will notify
you when invoices are skipped in the payment process, or payment trends change so
these issues can be addressed immediately. We’ll let you know when invoices are getting
to be stale… but we let you talk to your client.
Customer collection letters and assistance.
Daily receivables postings available to you online in real time.
Your aging is always up to date in real time. No more calling customers whose payments
have cleared their bank because you haven’t received an overnight with your updated
aging, that is now out of date.
Networkers Funding can accept electronic payments.
Credit Card payments accepted for a pass-through cost on the processing fee.
866-794-7246 // www.networkersfunding.com
6. Our Goal
Networkers Funding is a full-service administrative and payroll funding company serving
the temporary staffing industry. Our goal is to provide A Simple Prescription for the needs
of staffing companies, including front office software and support, back office processing,
and financing of receivables.
Our Professional Staff
The professional staff of Networkers Funding has a combined 55+ years of experience in providing services
to the temporary staffing industry. This experience includes a previous Director of Franchise Services of a
staffing company, a CEO of a staffing software company, a Billing and Payroll Services specialist, an MIS
director, and a previous staffing company Owner. Technology and hype aside, this is what sets us apart
from other funding companies. This unique combination of experience affords us the ability to provide you
with the most knowledgeable team of experts to fulfill your needs. We don’t want to just provide a service.
We want to be partners in your success.
Cutting Edge Technology
Combine our state-of-the-art technology with our professional staff, and you have an unbeatable
combination of hands on care and automation to assist you in your entire front and back office processes,
and your financial needs.
Worried about purchasing and maintaining servers? No need. Our software runs as an Application Service
Provider (ASP). That means that we take care of all of the issues involved with the servers, maintenance
and upgrades. All you need is an IBM compatible PC running Internet Explorer and an Internet connection,
and you have everything you need to get up and running. Outsource the headaches to us; we’ll leave the
recruiting to you.
Our software is intuitive and comprehensive. There is no duplicate entry. Everything is integrated and
streamlined to assist you through the complete placement process. Our technology goal is to help you work
smarter and make more placements while lowering your overhead costs.
The simple solution to your back office "pain" lies with our company. The experience, expertise, search and
retrieval software, integrated back office software, unlimited financing and the handling of your tax filings
and W-2's are all reasons to seriously consider outsourcing your back office functions to us. We believe that
it is no longer a competitive advantage to have the latest technology working for you - it's an operational
requirement. That is precisely why we have focused our efforts on providing a web-based, cost effective and
complete solution for growing staffing companies. We take care of all of your back-office needs, allowing
you to focus on growing your company.
Ala Cart Services
Need recruiting software and billing and payroll services, but are self-funded? You can pick and choose the
services that are right for your company without paying for what you don’t need.
866-794-7246 // www.networkersfunding.com
7. Corporate Address: 2200 South Main Street
PO Box 614
West Bend, WI 53095-0614
Phone: 262-334-6000
Toll Free: 866-794-7246 (866-RX4-PAIN)
Fax: 262-334-2600
Email: sales@networkersfunding.com
Web site: http://www.networkersfunding.com
Sales Contacts: Joyce Dieck
joyced@networkersfunding.com
866-794-7246
Andrea Siverling
andrea@networkersfunding.com
866-794-7246
Paul Martinez
paul@networkersfunding.com
866-794-7246
866-794-7246 // www.networkersfunding.com
8. Advance percentages aren’t everything.
You may think that funding companies selling a 100% advance is the best route to go. Be sure to ask these
questions:
Is the Advance 100% of your receivables or your payroll? We advance off of your receivables.
Is there an additional cash reserve or bad debt account that your funding company is withholding from
you every week? When will you have access to those funds? We hold no additional reserve.
Ideally, you want to choose a funding source you can stay with for a very long time. If you bill $50,000
per week for 3 years, and your funding company holds a minimum 1% of your billings as a cash reserve,
they will be holding $78,000 that you don’t have access to. With our model, you receive the
unadvanced portion of your receivables back when the invoice is paid.
In the long run, do you really have access to more of your receivables with a 100% advance? If your
money is sitting in a bad debt account, it stays there. If you are receiving credit for your holdback when
an invoice is paid, it will increase your cash flow allowing you to allocate your funds as needed.
Invoices typically turn in 45-60 days. By going with a model that give you access to your unadvanced
funds as invoice are paid, your cash flow will reflect an average 100% advance after your first 4-6
weeks. For example:
Weekly Advance Cash Reserve Weekly Invoices Credit on Weekly
Week #
Billing Percent Balance ** Advance Paid Invoices Paid Cash Flow
$50,000 100% $500 $49,500 $0.00 $500.00 $49,500
1 $50,000 90% $0.00 $45,000 $0.00 $0.00 $45,000
$50,000 80% $0.00 $40,000 $0.00 $0.00 $40,000
4 – half the $50,000 100% $2,000 $50,000 $25,000 $0.00 $49,500
AR start to $50,000 90% $0.00 $45,000 $25,000 $2,500 $47,500
come in $50,000 80% $0.00 $40,000 $25,000 $5,000 $45,000
6 – half the $50,000 100% $3,000 $50,000 $50,000 $0.00 $49,500
AR from $50,000 90% $0.00 $45,000 $50,000 $5,000 $50,000
week 1&2 $50,000 80% $0.00 $40,000 $50,000 $10,000 $50,000
20 – half $50,000 100% $10,000 $50,000 $50,000 $0.00 $49,500
the AR $50,000 90% $0.00 $45,000 $50,000 $5,000 $50,000
from week $0.00
14&15 $50,000 80% $40,000 $50,000 $10,000 $50,000
100% Advance: Cash reserve grows. Cash flow does not.
Still not convinced?
Call us – we can customize a plan that’s right for you!
866-794-7246 // www.networkersfunding.com