| | JULY 201418CIOReview

Top 10 Payroll Solution Providers 2015

There has been a paradigm shift in traditional payroll processes to the adoption of automatic web-based solutions for accessing and completing payroll services

from anywhere and anytime. Automated payroll processing saves time and money, eliminating the delivery costs of paychecks and reports every month. It also curbs the chances of error occurring in the payment procedure.

The newer payroll solutions are embedded with numerous features such as job posting, applicant tracking, payroll services, payroll tax management, and time & attendance that interface easily with ERP platforms. This allows organizations to directly deposit employee pay in their bank account, generate tax forms electronically, store and save W-2 forms electronically in order to save time and cost. Furthermore, the employee self-serve portal, a latest trend in payroll solutions allows employees

to securely log on to a website to carry out the transactions.

In the current technological landscape, for organizations working with traditional payroll processes, there are numerous solution providers offering transformational end-to-end human capital management solutions that seamlessly compute and exchange data on a global scale.

In the last few months, a distinguished panel comprising of CEOs, CIOs, VCs, and analysts including HR Tech Outlook editorial board reviewed the top companies in the payroll space, and shortlisted the ones that are at the forefront of tackling industry challenges. The companies featured in this issue offer comprehensive payroll and human resource management solutions that are cost effective and easily scalable.

We present to you HR Tech Outlook’s “Top 10 Payroll Solution Providers 2015.”

An annual listing of 10 companies that are in the forefront ofoffering payroll solutions and impacting the HR arena.

Recognized by magazine as

Editor-in-ChiefHanna Wilson

HR TECH OUTLOOK

iSolvediSolvedDescription:Company:

iSolved Provides SaaS-based Human Capital Management technology solutions.

Key Person:Justin Raniszeski, Chief Sales Officer

Website:www.infinisource.com

PAYROLL JULY HRTECHOUTLOOK.COM

| | JULY 201419CIOReview

Today, most employers find themselves at sea when it comes to complying with the vast expanse and complexities of the Affordable Care Act (ACA) mandates. In The Hacket

Group’s 2014 Payroll & Tax Compliance Study, less than 40 percent of companies have integrated their time and attendance technology with payroll.

“Often companies end up using a patchwork of solutions to consolidate data which leads to further confusion,” remarks Justin Raniszeski, Chief Sales Officer, iSolved. Keeping the need of the current HR landscape in mind, the company’s flagship product iSolved is a SaaS-based Human Capital Management (HCM) solution delivered on a unified platform. “iSolved, with its consolidated foundation based on a single rules engine, completely negates fragmented applications that require importing and exporting of data,” states Raniszeski.

iSolved brings together various components such as payroll, benefits administration, time and attendance and HR into a single system delivered in the cloud. With a multitude of services, iSolved creates a comprehensive workforce management solution for every client. The solutions are coupled with the insight of expert compliance consultants and advanced features such as employee self-service, executive dashboard and report writer. Companies like XOOM Energy, an independent

supplier of natural gas, electricity and renewable energy services, are impressed with the deep expertise of the iSolved team, timesaving technology and their compliance-focused mindset.

Designed on a modern technology stack, the iSolved architecture is extremely agile allowing for rapid deployment of any new functionality. An example of that is iSolved’s mobile

strategy, developed keeping in mind the on-the-go employees. The company’s app is designed to create an engaging

experience for a user where they can clock in, enroll in benefits and make benefit changes through

their mobile devices.Investing heavily in their R&D to keep

pace with changing client demands, iSolved recently introduced iSolved Time, which is a time and attendance module native to iSolved, that brings a robust system within the same database as the payroll,

HR and benefits solution. “Combining the flexibility of an online service with a time

clock, employees can use either a web browser or mobile app to clock in and out,” says Raniszeski.

Another landmark addition implemented by the company is their iSolved Network which is a membership program of payroll service providers that install and service iSolved solutions. In just a year, the iSolved Network is the fastest growing collection of independent service bureaus in the U.S., enabling iSolved’s market share to escalate four times faster than other solution providers. “The iSolved Network enhances ease of use for our clients as our solutions are delivered through local providers, ensuring a personal experience for each customer,” explains Raniszeski.

On one occasion, Shared Imaging, a reputed health care solutions provider was burdened with their employment document storage which involved the application of tedious spreadsheets. The client needed a system to manage and maintain license certifications and updated regulatory. On deploying the payroll module, the customer could easily discard spreadsheets and with iSolved’s Report Writer technology, which enables a user to build, modify and sort reports, the client could manage and maintain license certifications, updated vaccinations and other mandatory documents.

Going forward, iSolved plans on connecting their products to a broader marketplace through a variety of third party solutions. The company is enhancing their Application Program Interface (API) technology by building interfaces that can be rapidly deployed into other solutions in the market. Another innovative solution up for release in the fall is the iSolved onboarding, which will automate the hiring process by diminishing paperwork.

iSolvedDriving Employee Engagement with Innovative HCM solutions

iSolved Network is the fastest growing HCM platform for independent service bureaus and their clients in the U.S.

Justin Raniszeski