In a recent Electronic Commerce, Inc. (ECI) survey, 97% of users reported that they are more productive upon implementation and use of ECI® Empower Payroll, a Human Capital Management (HCM) software solution. Of those surveyed, 74% said they are “very productive” using Empower Payroll. This follows a trend in recent years of increased productivity by a more mature collection of HCM applications and a very active consolidation market in the HCM industry. The list of acquirers includes IBM, SAP, and Oracle, and is usually a sign of increased competition in the space.
“Empower Payroll is a best-in-breed, intuitive software solution that maximizes the end user’s time and improves efficiencies from the start of the payroll process to completion,” said Jeff Lacy, President and CEO. “Delivered via the cloud, a company can significantly boost productivity and cost savings since manual and paper processes are virtually eliminated.”
Empower is a fully featured and integrated HR payroll solution that allows for uploading of employee hours and earnings through costing software, and interfacing with a time and attendance system. Payroll verification reports can be run for virtually any group of employees to view gross-to-net data before posting payroll. Empower Payroll includes project-managed implementation methodology, SSAE 16 Level II audited controls, no “per payroll” transaction costs, single vendor payroll outsourcing, and other features to dramatically improve the value and performance of a payroll processing system.
“With our rapid-implementation methodology and dedicated project management team, users can be up and running with Empower quickly and experience a seamless transition,” said Lacy.
ECI Empower Payroll features unlimited direct deposits, paperless payroll processing, global deduction management, gross to net in real time, automated minimum wage makeup, unlimited earnings and deduction codes, automated FLSA, overtime calculations, new hire reporting to states, unlimited Official Bank Check services, garnishment processing services, inactive employee tracking and reporting, W-2 printing and reconciliation, and electronic W-2 filing to federal & state jurisdictions.