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Case studies
- Company: Everest Recruiting
- Industry: Staffing
- Plan: ASO with Payroll Financing
- Size: 180 Temporary Employees, 5 Corporate Employees
Flexible Payroll Financing Fit for a Staffing Company
How payroll financing with Vysistant helps staffing companies manage cash flows and grow profitably
Matt Kolinski is the CEO of Everest Recruiting, a successful temporary staffing firm that services high value call centers and light industrial warehousing. In early 2023, Kolinski made the decision to switch to Vysistant ASO plan after realizing that traditional providers and factoring companies weren’t as adaptable to the flexible needs of the staffing industry.
“We feel that the change moving to Vysistant, is a change for our future growth while also knowing we have the continued flexibility at all aspects"
Matt Kolinski , CEO, Everest Recruiting
The Problem: Maintaining consistent cash flows when customers make late payments.
While Everest Recruiting’s mix of clientele allowed for substantial growth over the past three years, they experienced cash flow issues when customers were impacted by the changes in the economic cycles. When these shifts occur, their customers often delay payments or undergo changes in their accounts payable departments, making it especially difficult for Everest Recruit to manage their cash flows and cover payroll for 180 temporary employees.
The Solution: Supplement late payments with payroll financing
The flexibility of Vysistant plans and services was pivotal in Everest Recruiting’s decision to switch providers. Unlike many traditional financing options, Kolinski likes how Vysistant terms don’t require funding to come from one single source, allowing them to receive funding when they need it and pay ahead of time when they don’t. With these customizable terms, payroll financing with Vysistant proves to be an effective solution for industries like staffing, where it’s essential for finances to stay flexible.
Since Everest Recruiting started receiving payroll funding from Vysistant , Kolinski has seen a dramatic improvement in cash flow management, as they have a much more accurate, reliable source of funding for their 13-week cash flow. Best of all, Vysistant payroll funding solution has allowed Everest Recruiting to continue their 30-35% year-over-year growth trajectory by giving them the financial freedom to better navigate the ever-changing landscape of the staffing industry.
- COMPANY: PROGRESSIVE SITE DEVELOPMENT INC
- INDUSTRY: LANDSCAPE & IRRIGATION
- HQ: MIAMI, FLORIDA
- PLAN: PEO
Integrated Payroll Relieves HR Headaches for Landscaping Company
Office Administrator improves HR efficiency with help of Vysistant PEO plan.
Progressive Site Development Inc. is a successful landscape and irrigation company based in Miami, Florida. Since its inception in 2014, the company has been servicing commercial properties, specializing in hardscapes, softscapes, landscapes, and irrigation designs and installations. Earlier this year, Progressive Site Development signed onto Vysistant PEO plan, recognizing the need for additional HR support.
"Vysistant has totally removed all of my headaches as far as payroll, taxes, and handling the HR side of everything. They've eliminated of my entire stress level for payroll”
– Robert Bailey, Office Administrator and Manager, Progressive Site Development Inc
The Problem: Lack of additional support for managing payroll and HR administration.
Office Administrator and Manager, Robert Bailey, rightfully became known as the “office guru”, as the sole person in charge of the company’s HR and back-office duties. While Bailey successfully juggled a wide range of responsibilities, the frequent headaches caused by payroll processing, tax, and HR administration took time away from equally pressing matters such as the businesses’ bidding and estimating.
With everything on his plate, Bailey didn’t want to devote his time to chasing down new hires for their information, manually entering hours into their payroll software, and scheduling direct deposits. Bailey was also greatly inconvenienced by their previous payroll software, as it had a strict two-day deadline to input hours before payroll was late. Because of this deadline, Bailey spent much of his time tracking down employees and answering non stop phone calls from those that didn’t get their hours in on time.
The Solution: Optimize payroll and HR administration with full-service support
Vysistant PEO plan helps businesses achieve HR efficiency faster and more affordably. This PEO plan gives small businesses like Progressive Site Development access to full-service HR support without having to hire internal staff or seek out additional resources for support. Upon starting with Advance Payroll Solution, Bailey has already seen “a vast improvement in HR efficiency”, as he is able to invest more time into his other roles and overarching goals and still maintain a pulse on all things HR.
Since joining the PEO plan, the continuous stack of paperwork on Bailey’s desk has disappeared and the time spent on tedious HR tasks has gone from hours to minutes. Bailey now relies on his designated payroll specialist, Carter, to handle all the heavy lifting for the payroll, tax, HR administrative tasks that once consumed his workdays. Best of all, Bailey says the support he’s received from Vysistant has eliminated the biggest headache of all: the flood of calls he received from employees concerned about their late paychecks. With Advance Payroll Solution software, he can enter in hours up until the night before payroll is due and know that it will still be processed the next day.