PAYROLL
Cut the Time and Cost of Payroll
Never before has the pressure been greater for payroll professionals to introduce new technology to cut the time and cost of producing payrolls.
Moving to electronic payment is just the first step in making your payroll processes more efficient and cost effective. To truly streamline the entire payroll process you need to automate the delivery of remittance information with payments.
ACOM offers an integrated, payment product suite, which enables payroll professions to process both checks and electronic payments, for employees and external service providers, in one easy payment run. Remittance information is delivered automatically via secure email, fax, or on the traditional stub.
Payroll Success Story
EZPayManager Reduces Staff Time More Than 80 Percent
The Problem
Using a homegrown payroll solution, a major foundry company ran weekly check runs to pay its 1,000 employees, using preprinted multipart check forms, a line printer, a succession of post-processing devices (for bursting, decollating, and sorting), and finally, a signature machine. It took three employees two days a week to get the job done - more than 24 hours per month. All of the checks were distributed manually, and some were couriered to outlying locations.
The Solution
Today, using EZPayManager, the company now runs payroll on a biweekly basis, and more than half of their employees opt for receiving direct deposit. Checks are generated from electronic check form templates. All of the signatures, company logos, graphics and MICR lines are maintained securely in the EZPM software (accessed by password). When it's time to run a batch of checks, this secure information is automatically merged with their electronic check templates and the data from their financial/ERP system, and then completed checks are printed in one pass through their MICR laser printer. The checks are numbered as they are printed, and they (along with the printed pay stubs) are distributed as before.
Now, only two employees perform the entire task in less than one day. They have also realized other savings on printing, equipment and maintenance
Next Steps
