Human beings do have the means to achieve a lot, but when push comes to shove, there remains an awful little that we do better than growing on a consistent basis. We say this because the stated reality has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the right goods. The same has grown to become a lot more evident in recent times, and assuming one new HRM-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.
Factorial, a leading provider of human resources software solutions, has officially signed off on a partnership with Cimplx, a provider of human resources and Affordable Care Act (ACA) cloud-based compliance solutions, to enhance payroll and benefits management. Set to delivered through Factorial’s unified platform, the stated integration will work by leveraging platform’s entire stock of data so to inform employee payroll, including time tracking, compensation accuracy, and so much more. Complimenting the same is how the integration will make a point to constantly protect employee data, such as bank details, tax deductions, and salary information, as well as supplements and deductions like bonus allocations, expense reimbursements, and benefits deductions. Now, with initial bits and pieces covered, we need to talk about what this partnership will provide on a granular level. Starting from compliance, where the integration should be able to prove useful in the context of helping you achieve payroll accuracy against real-time tax regulations, thus automatically mitigating risks that can be presented by any errors in such regard. Beyond tax regulations, the security mechanism which we referred to also goes a long way in guaranteeing that the company upholds the established privacy regulations. Then, there is the promise of greater time efficiency. You see, the integration will further deliver at your disposal a set of self-service options to automate all the manual payroll-related tasks. As a result, users are going to have a clear shot at reducing the unnecessary workload, and instead conceive employee independence in a rather sustainable manner. Upon moving further, we’ll come across a valuable promise of customization. This promise, in practice, will turn it possible for you to have an integrated and focused HCM approach, meaning you can, at any given time, tailor solutions to your unique needs, thus eliminating the limitations of a one-size-fits-all methodology. Interestingly enough, while the integration will primarily help you scale up your internal processes and protocols, it will also unlock access to important industry-wide insights into payroll costs, trends, and compliance metrics. These insights will be provided by the experts at Factorial and Cimplx who specialize and boast enormous experience in payroll and benefits administration enrollment services.
“We are excited about our partnership with Cimplx, as it enables us to offer our customers a comprehensive, integrated solution that handles employee data, time tracking, deductions, payroll, and benefits management. We aim to empower businesses with the tools they need to navigate the complexities of HR and compliance effortlessly,” said Jordi Romero, CEO and co-founder of Factorial.
But what makes the two companies an ideal pair of candidates for such a job? Well, in Factorial’s case, the answer resides in an ability to offer people-centric solutions that automate processes and give HR teams more time to dedicate to the people within their organization. The company’s excellence in what it does can also be understood once you consider Factorial currently has a presence in more than 65 countries, where it serves plenty of big names, including KFC, Booking.com, Whisbi, and more.
Turning our attention to Cimplx, founded in 2012, Cimplx has risen up the ranks consistently churning out HR and ACA solutions that can fit organizations of all sizes and nature. Offering real-time updates, flexible pay rules, timely compliance updates, the company has already achieved over $20,000,000 in regulatory successes.
“We recognize the evolving needs of businesses in managing their workforce. Teaming up with Factorial allows us to offer a holistic solution that combines our expertise in compliance with their advanced HR platform,” said Stephen Schram, COO and President of Cimplx.
