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Tag >> payroll
Companies are increasingly looking to alternative solutions to reduce costs associated with both internal and external payments. Prepaid payroll cards are one option that businesses can use to streamline and help automate payroll processes, pay employees faster—thus making for happier staff—and significantly reduce costs and staffing resources dedicated to payroll management.
It was only a matter of time. Banks have seen their payments margins squeezed amidst increasingly tough competition. So it was inevitable that one of the biggest upstart consumer payments platforms—Paypal—would make a move into the corporate payments landscape. The payments processor that started life as a complementary service to eBay, and has since grabbed up a huge chunk of the online B2C payments market, has launched Paypal Business Payments.
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Posted by dbedell in web portal, Technology, SAP, payroll, National Automated Clearing House Association, NACHA, IT2, IT, e-invoicing, Cash, Basware, Association for Financial Professionals, American Payroll Association, American Express, AFP, accounts receivable, accounts payable
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Global subsea equipment manufacturing and service company DOF Subsea has selected IT2 to provide a centralized treasury management system for the enterprise. The company will make use of IT2’s solutions for cash forecasting; liquidity management; risk management and hedging programs for foreign exchange and interest rate exposures; debt management; and treasury accounting; among other things. DOF Subsea will access the system through IT2 NET—the system provider’s web portal, and the solution will interface with the company’s counterparties and third-party solution providers—including Nordea Bank, Agresso—for accounting; the Shipnet solution for A/P and A/R management; and Reuters.
The vast majority of headlines surrounding small business have been of the "doom and gloom" variety, so we thought we'd mix things up and provide some potentially good news on that front: Automatic Data Processing is reporting that sales of services to companies with 50 employees or fewer have increased since September. "It's a clear indication that small business is coming back," ADP's CEO Gary Butler told Bloomberg BusinessWeek in an interview Monday. "You don't put in a new HR system or payroll system if your business isn't going to grow."
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