Payroll Processing Services
Client:
Based in Florida, the client is a leading provider of contingent workforce compliance and management services beginning from vendor management to consolidated invoicing.
Business Need:
Client wanted to have an outsourcing partner who can provide Payroll Processing Services which could help them in cutting cost, provide faster turn-around-time due to time difference but without negotiating on consistency in service delivery and quality.
Rishabh’s Solution:
To ease the transition from onsite to offshore, complete payroll workflow was split into multiple processes or phases with a spread out migration plan. Effective training methodologies were imparted to increase understanding of processors and hence turnaround time along with increased efficiency and a substantial cost saving was achieved.
Benefits to the Client:
- 100% timely updates of employee data
- 0% delay in pay-outs
- Weekly cash processing is close to $ 25 million.
- Reduced transaction and capital costs; a cutback of 40-60% per resource compared to onsite
- Accuracy and integrity of the data
- Multi-tiered checks to ensure data confidentiality and security
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