Corporate penny-pinching got you down? Switch to paperless pay and meet your cost savings goals with a smile!

October 8, 2010

It's budget season, again, and it seems every year is a struggle to find new ways to cut costs. For some, the reality of this year's budget is the grim potential for reduced revenue and profits. What else can you do when the numbers just don't add up?

Here's a potential game changer: Implement a paycard program and switch to electronic payroll! In our experience, and we have over a decade, you can expect to save a lot - at least $1 per paycheck you issue and even more for exception pay. In fact, most of our clients can expect to save over 40 percent of their payroll costs. Savings includes your current cost of processing, printing and distributing checks. If you're paying to print and distribute paystubs, then you can eliminate those costs altogether for paycard employees. And there are also many less direct, but still impactful, gains to consider. Implementing electronic payroll delivers transformational efficiencies and productivity increases – not only in your payroll department, but in the field, as well. No more escheatment! No more payday parades of employees lining up to pick up their checks! You'll even realize significant environmental gains from eliminating paper production and transportation.

How much do you stand to save? We'd be happy to apply our proprietary ROI model to present you with various savings scenarios and make program recommendations based on your unique payroll requirements, employee composition and other key factors. Contact our This e-mail address is being protected from spambots. You need JavaScript enabled to view it for a consultation, and you might just go from considering drastic cost-cutting solutions to contemplating what you want to do with the savings!

Deneka Scott
Senior Vice President