Factorial Announces Partnership with Cimplx to Enhance Payroll and Benefits Management

Date:

Share post:

Factorial, a leading provider of human resources software solutions, today announced its partnership with Cimplx, a provider of human resources and Affordable Care Act (ACA) cloud-based compliance solutions. The pair joins forces to provide a comprehensive suite of payroll and benefits management services to their HR customers via Factorial’s unified platform.

According to Factorial Co-Founder and CEO, Jordi Romero, “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.”

The integration allows all data collected in the platform to automatically inform employee payroll, including time tracking, and ensures accurate compensation. Additionally, it secures employee data, such as bank details, tax deductions, and salary information, as well as supplements and deductions, such as bonus allocations, expense reimbursements, and benefits deductions.

Also Read: A Guide to Account-to-Account (A2A) Payments

Factorial and Cimplx shared the key benefits of their integrated solution:

  1. Compliance and Security : Achieve payroll accuracy with real-time tax regulations, mitigating risks associated with errors. Enhance data security with robust features, ensuring sensitive employee information remains secure and compliant with privacy regulations.
  2. Time Efficiency : Save time by automating manual payroll tasks and empower your workforce with self-service options, reducing the workload and fostering employee independence.
  3. Customization : Enjoy an integrated approach to human capital management and tailor solutions to your unique needs, eliminating the constraints of one-size-fits-all solutions.
  4. Industry Expertise : Gain valuable insights into payroll costs, trends, and compliance metrics through our team’s industry expertise, including certified payroll professionals and experienced benefits administration enrollment services.

“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.

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

BNP Paribas and Ant International Partner To Improve Cross-Border Payment Solutions In Europe

BNP Paribas, a bank in the European Union, has partnered with Ant International, a digital payments and financial...

Wirex And Visa Collaborate To Promote Use Of Digital Currencies In The UK And The European Economic Area (EEA)

Wirex, a Web3 money app, and Visa, a leader in digital payments, have announced a partnership to promote...

Transend Partners With Midland States Bank To Offer Innovative POS Solutions

Transend, a company that offers working capital solutions to businesses, has announced a new partnership with Midland States...

Three in ten adults have been a victim of financial fraud; spurring industry to continue investment to protect consumers

As fraud rates continue to rise, nearly all adults in the UK (94%) now say they are taking...