Regardless of the size of your company, it’s a big burden to manage the many vendors needed to run the HR side of your business and maintain compliance.
Check out how Payentry is helping employers:
Many of our clients lived in a scenario that most employers can relate to. They lived in a multi-vendor service model where ongoing costs were not known causing unpredictable impacts on cash flow.
Payentry provided them solutions with predictable cost structures so they could better manage their cash flow. For example, instead of annual premiums with audits to true up final pricing, they were provided monthly “pay as you go” solutions. Instead of making periodic payments or retirement plan payments, they were provided real time payments and contributions every pay cycle.
Many of our clients lived in a scenario that most employers can relate to. They lived in a multi-vendor service environment where most of the tools required for managing the human resource functions were provided by as many as 18 different vendors. This means 18 different contracts, log ins, and system configurations while having to manually pass data between 18 different platforms.
Payentry provided them an innovative solution that consists of an integrated framework of solutions to reduce the complexity and effort to manage their HR functions. The Payentry solution took all the critical solutions employers are looking for and placed them behind a single log in using cloud technology for anytime, anywhere access.
Thousands of companies have simplified their pricing, reduced processing effort and minimized the burden of compliance reporting while improving the level of services they provide to their company to retain talent and enhance the employee experience.