Technological Differentiation in the Capture of Tax Credits and Incentives
|
|
- Natalie Morton
- 7 years ago
- Views:
Transcription
1 Technological Differentiation in the Capture of Tax Credits and Incentives Abstract The purpose of this white paper is to help businesses obtain a better understanding of the importance of innovation in the tax credit and incentives field. The information covered in this document is based on Walton Management s experience and expertise as a niche tax credit vendor for over 35 years. The information contained in this white paper is intended for businesses that are either outsourcing their tax credit and incentive programmatic services to a tax credit and incentives vendor or internally managing the identification, application, and administration of tax credit and incentives programs. In the following document, we discuss the role of technology and innovation in the tax credit and incentives field, the importance of technological innovation, the differentiation in the capture of tax credits and incentives from taking advantage of technological advancements. Convergence of Tax and Technology The Future of Innovation The convergence of tax and technology has become an inevitability in the tax credit and incentive (TCI) industry, yet few firms in the tax credit and incentive sector have embraced this convergence to the detriment of themselves and their clients. Images of ledger paper and adding machines still come to mind when one mentions anything tax related: A traditionally labor intensive, manual process before the advent of Quickbooks and Turbo Tax. The TCI industry has barely kept pace, with low tech screening methods, human data entry, simple database tracking, only partial digitization, and rudimentary reporting. For many companies dealing with TCI program identification, processing, tracking, capture, and administration related activities, evolution stops there. The emergence of technology has resulted in evolutionary changes to the tax credit process. However, with the newest technologies now available, the opportunity for advancing far beyond simple tax credit capture is finally available to businesses The advancements in the TCI industry as a whole have been limited in scope and value. Screening for point-ofhire TCI program eligibility through an applicant tracking system or geographic-based TCI program evaluation software system, filing forms through an online state agency portal, or access to electronic signature capabilities For example, early WOTC Program reporting was simplistic in nature with information limited to tracking the individuals who were potentially eligible, certifications received, and the tax credit calculation. are common place in the TCI industry these days. These basic technological components of processing TCI programs help to ensure businesses capture a significant portion of their TCI program benefits. However, these basic technological components do not ensure the full compliance needed to capture all the tax credit and/or incentives value available; provide forecasting and predictive modeling to assist with budgets as well as staffing and resource allocation; or deliver key performance indicators (KPIs) or metrics for analysis to ensure the 1
2 smooth, issue free processing, tracking, and capture of TCI program benefits. With the technological advancements available today in Software-as-a-Service (Saas), Platform-as-a-Service (Paas), and Infrastructure-as-a-Service (IaaS), businesses have available everything they need to move faster, save money, and introduce previously unavailable levels of flexibility and efficiency in their operations. Many companies have incorporated components of technological advancements in their operations already. However, reaping the full benefits of these technological advancements as they relate to tax credit and incentives and/or incorporating them into one s existing operations requires a specialized knowledge that combines experience in tax credit and incentives with information technology specialists. The best opportunity for many companies to receive this benefit of reduced cost, increased operating efficiency, greater tax credit capture, and easily integrated TCI program processing and methodologies is to find a vendor that has already incorporated innovative solutions to TCI program identification, application/screening, tracking, and capture either as a niche provider of TCI program services or as an integrated partner to such a provider. TCI program technological advancements have gone from evolutionary to revolutionary for TCI industry vendors that have embraced the convergence of tax and technology. Why technology is so important to tax credits and incentives The numbers seem impressive: Businesses take advantage of over $22 billion in general business tax credits every year. 1 For example, it is estimated that businesses will have taken $200 million in empowerment zone tax credits in 2015 alone, $1.1 billion in New Market Tax Credits, and $5.0 billion in research and experimental expenditures tax credits. 2 Additionally, tax credit expenditures at the federal level are only one aspect of the TCI value available to businesses. There are TCI programs available to businesses at the local and state level as well, generating additional above and below the line savings for companies. 3 However, these numbers represent only a portion of the savings available to businesses through the implementation of TCI program benefits. 1 Internal Revenue Service. Returns of Active Corporations Table 2 Balance Sheet, Income Statement, and selected Other Items by Size of Total Assets: Tax Year 2012 ( 2 Joint Committee on Taxation, Congress of the United States, Table 1.. Tax Expenditure Estimates By Budget Function, Fiscal Years , 2015 December 7, JCX- 141R (Reflects legislation enacted by September 30, 2015 only). Joint Committee on Taxation, Conress of the United States, Table 1. Tax Expenditure Estimates By Budget Function, Fiscal Years , JCX-97-14, 2014 August 5. 3 A tax expenditure is measured by the difference between tax liability under present law and the tax liability that would result from a recomputation of tax without benefit of the tax expenditure provision. An alternative way to measure expenditures is o express their values in terms of outlay equivalents. Background Information on Tax Expenditure Analysis and Historical Survey of Tax Expenditure Estimates, Scheduled for Public Hearing Before the Senate Committee on Finance on March 1, Joint Committee on Taxation, U.S. Senate, February 28, 2011, JCS
3 Tax credits or any type of government incentives require adherence to certain criteria put forth by the governing authority. In certain situations, those criteria are delineated clearly in regulations, as with statutory or as of right tax credits. In other situations, those involving discretionary (negotiated) incentives, the criteria for eligibility as well as compliance are more broadly defined, in order to provide the governing authority with flexibility in the awarding and distribution of these discretionary incentives. Adhering to the various requirements in both the application stage of TCI programs and in the down-the-road capturing of the incentives is rift with potential for mistakes, miscalculations, and mismanagement resulting in the failure to capture the full potential of the TCI programs or, in quite a few situations, failure to capture the TCI program benefits at all. Consequently, the intersection of technology and tax credits is an inevitability for any business that wants to ensure it is maximizing all avenues for savings and operational efficiency. Therefore, having available an innovative, advanced solution could be the difference between having tools that enable a business to capture thousands, hundreds of thousands, or even millions in savings and a business only capturing a third of that potential TCI value. Furthermore, failing to maximize TCI program opportunities means foregoing additional savings that can be used to offset other vendor costs or having available funds for new capital, reinvestment in equipment, and workforce enhancements. When TCI firms have embraced innovative approaches, the result has been greater tax credits and savings for businesses participating. For example, there is a 17% increase in employees screened when a company converts from paper-based screening to online screening. On average, approximately 10% of those screened are certified, resulting in an average certification value of almost $1,350 versus paper-based clients whose average certification value is $1, In other words, by simply screening online, a business can capture approximately 25% more in tax credits per eligible applicant. With an industry average screening and compliance percentage of 60% - 75%, the additional boost to screening and compliance rates enables companies to truly maximize their TCI potential, representing tens to hundreds of thousands of dollars in additional savings. By implementing additional technological advancements for identifying, capturing, and tracking TCI program benefits, the additional tax credit dollars, reduced staff involvement, and a decrease in resources devoted to TCI program processing and administration or TCI vendor outsourcing costs results in potentially double to triple the savings against above and below the line costs. Yet, screenings and tracking compliance are only the tip of the iceberg when it comes to innovative approaches to TCI programs, not to mention handling the multitude of tasks required for every day operations: From I-9s and payroll, to recruitment and onboarding, to UI benefits and background screenings. The use of dynamic dashboards that embed various services within a common platform experience and which utilize single authentication 4 Walton Management Services, Inc Work Opportunity Tax Credit Program Client Data. 3
4 capabilities, enable tracking of overall user activity, and provide permissions settings for each individual component of the dashboard can reduce the staff and resources required to manage these everyday tasks together and individually. Unfortunately, there are very few TCI vendors that have any truly cutting edge TCI solution available, particularly one that has created a solution that takes advantage of the full scope of technological advancements in IaaS, PaaS, and SaaS in the TCI industry. Despite the inevitability of the convergence of technology and tax credits, many TCI firms have been slow to adopt innovative processes for TCI program identification, capture, and tracking not to mention integration of services with other vendors. Even multi-service vendors have been slow to fully integrate their various services, including TCI program services, into a single platform. Innovation in the TCI industry, whether niche providers or multi-service bundled providers, is unusual and virtually unknown as are TCI firms with management teams of big data, enterprise IT, and Softwareas-a-Service experience despite the clear correlation between innovative approaches to TCI program administration and accelerated growth in TCI program capture. TCI Program Innovative Solutions: Increase Cost Reduction and Offsets Businesses often choose a multi-service provider offering bundled services over a niche provider of a service for a number of reasons: Simplicity of dealing with a single vendor, integrated solutions (e.g., I-9, WOTC screening, ATS, background screening), integrated systems, a single invoice, less expensive/discounted offerings, and centralized customer service. These bundled services are offered as integrated technological solution across services meant to reduce costs through efficiencies resulting from streamlining systems. Implementing and deploying solutions that take advantage of the convergence of the newest technologies and the requirements of TCI programs require specialized IT skills and an understanding of tax that go beyond most TCI vendors Unfortunately for businesses, they often find out too late that the bundled experience of multi-service providers can be as expensive, limiting, and/or uncoordinated as dealing with multiple niche vendors. In many situations, the provision of a bundled service line is the result of acquisitions by the multiservice provider with all of the associated financial, logistical, and technological challenges. Integrating the acquisitions to provide a truly innovative, bundled solution, and not one that involves each entity continuing to operate separately, requires a technological capability, flexibility, and/or interest in integrating the acquired solution into the rest of its operations that multi-service providers often do not have. Furthermore, to the degree that the solution is integrated, the costs are as high as a niche provider and the solution has a cobbledtogether user experience with basic reporting and minimal efficiencies. Additionally, businesses may pay more for the service without realizing it due to the complexity of the bundled billing, while continuing to have multiple client service representatives one for each service line, and still requiring accessing multiple systems: From project management systems to reporting. Consequently, multi-service providers with their bundled offerings are in reality disparate services without integrated systems and reporting. Relying instead on the all-in-one, presumably less expensive and simplified billing as the main attraction for many businesses, the solution offerings 4
5 The failure of multi-service providers with their bundled offerings to provide businesses with a less expensive, yet more technologically sophisticated bundled experience, in part, is the result of their inability to achieve the efficiencies and scale of niche providers that have integrated the newest technologies; a feat more easily accomplished by niche providers due to their streamlined, flexible, focused operating requirements and specialized technical teams. Rather than choosing application development frameworks that enable a write once, deploy everywhere capability, multi-service providers have less flexible bureaucratic structure, resulting in independent technological upgrades with a mismatched, piecemeal experience for the user. In the case of TCI services, instead of a simplified, streamlined, efficient process, the user experience with multi-service, bundled providers ranges from disruptive to similar to a niche provider with standard technology. Conversely, appropriately integrated, innovative TCI solutions offer businesses access to niche provider services with similar expertise in their respective industries wrapped in a bundled service provider experience. Advanced TCI vendors offer clients access to other service lines from I-9 screening and compliance to background screening, applicant and onboarding solutions, employment verification and UI services, and payroll. A business intelligence solution that incorporates data mining with user interfaces that provide graphicbased displays and customized dash boards. True innovation in the tax credit and incentive field enables companies to integrate and deploy the newest emergent technologies for more than TCI services, creating above and below the line savings. With the most recent wave of technological advancements from screening and document capture via mobile apps and devices and voice integrated, artificial intelligence data gathering to Azure Notification Hubs with the ability to manage the scale of notifications, businesses have more options for combining services in a way that provides an all-in-one service experience similar or even better than the bundled services provided by a multi-service provider. However, it is only with the most advanced TCI vendor that companies will experience such technological advantages as a single-sign on capability and single source reporting with all the bells and whistles of business intelligence (BI) systems with always-on reporting for coordinating the flow of work, focusing on ways to increase the overall credits, and managing labor cost to pursue certifications. While cloud computing provides access to job banks and talent pools, improving the likelihood of hiring potentially eligible applicants, finding a TCI vendor with an integrated solution for such advanced, targeted recruiting is still limited to only a few vendors. Truly innovative firms take advantage of emergent technologies to remain at the forefront of providing innovative solutions to their clients. For example, Walton Management Service s RecruitMilitary integrated solution provides clients with a method of maximizing TCI related to a specific targeted group: Veterans. Leveraging the integrated platform of RecruitMilitary, the leading full service military-to-civilian recruiting firm in the United States, and Walton Management s Work Opportunity Tax Credit screening service (Tax Credit Assessment Portal TCAP), businesses have the ability to identify and locate qualified veterans looking for employment while accruing tax credit savings. Hiring managers are able to locate candidates via proximity analysis, using strategic search functions to quickly identify candidates who are the best fit for company 5
6 openings. With approximately 845,000 veteran job seeker accounts, over 3.2 million job seeker profile views, and almost 230,000 jobs, companies can search profiles of qualified candidates, who are also potentially from the veteran WOTC targeted group, post jobs, reach out through targeted campaigns, and even build a branded presence on the site for veterans to review. Moreover, with the RecruitMilitary-Walton Management TCAP integrated solution, companies are able to pay for the RecruitMilitary solution through the tax credit capture with each qualified veteran from the WOTC targeted veteran group. Another common example of a growing need to meet technological changes in business process services is the Form I- 9. With the advent of the U.S. E-verify system, companies were able to electronically file and track I-9 forms. While some firms entered and operate in the I-9 service business with a simple solution that utilizes the government s E-Verify system, scanning older forms on behalf of clients, and providing a rudimentary tracking system, only a few I-9 vendors invested in technology to create an entirely new I-9 experience. One such firm that took advantage of the full potential of digitizing the traditionally labor intensive I-9 process is LawLogix Group, Inc. Founded in 2000, LawLogix Group, Inc., a Software as a Service (SaaS) provider to immigration attorneys and human resource professionals, is the leader in Electronic I-9, E-Verify and Immigration Case Management software. LawLogix three flagship SaaS products, Guardian, EDGE and Globetrotter, automate the labor and paper-intensive I-9 and immigration processes for more than 160,000 organizations worldwide. LawLogix Group, Inc. and Walton Management Services, Inc. integrated their platforms for screening and compliance for both I-9s and capturing tax credits and incentives to provide clients with a single platform for I-9 and TCI services experience. As with the RecruitMilitary-Walton TCAP integrated solution, the integrated solution of LawLogic s I-9 Solution and Walton s TCAP takes advantage of the newest API and cloud technology to improve both the company and its new hires with a seamless onboarding workflow that results in perfect I-9 and E-Verify compliance and substanitally increases the completion rate of the WOTC screening process. Furthermore, new hires and hiring managers use one login and one workflow for both the Form I-9 and WOTC Program screening, and, if desired, new hires can be forced to complete the WOTC screening through the WMS Tax Credit Assessment Portal (TCAP) as a condition to accessing the manadatory I-9 form. No more toggling between systems and websites, potentially getting lost or missing the opportunity to save valuable tax dollars from the WOTC Program. The integrated WMS- Guardian workflow can also easily plug into any existing ATS or HRIS system, making onboarding simple, fully compliant with legal and regulatory I-9 government mandates, and revenue-producing. While bundled services are provided by multi-service line companies as a way for companies to save money and improve efficiencies, as the examples above suggest, integrated, bundled niche vendor services provide businesses with best of class services, while maximizing the delivery of these services with access to the most advanced, innovative solutions available. 6
7 Convergence of Tax and Technology: The Work Opportunity Tax Credit Program An excellent example of the convergence of technology and tax credits is the evolution of the Work Opportunity Tax Credit (WOTC) Program. The WOTC Program has evolved over its almost 20 years in existence as a federal tax credit program. What began as a paper-based, wet signature required program with photocopies of such back up documentation as driver s licenses SSI letters has become, for those able to take advantage of it, software as a service (SAAS). As mentioned above, with any technological innovation in processing, tax credit savings for participating companies have been enhanced significantly by the use of advancements in automation, digitization, and electronic exchanges of data. Together these technologies have enabled the WOTC Program to evolve from a labor intensive, manual process to a software service in which companies can choose from vendor assisted to self-service subscription processing. Compliance, tracking, and reporting in the TCI program field have advanced far beyond the days of simple counting of forms completed. Companies can now take advantage of big data and business intelligence to more easily and effectively capture TCI program benefits. One of the most significant technological advancement in the processing of the WOTC Program has been the acceptance of the electronic signature for the IRS Form 8850 ( e-8850 ). Prior to the introduction of the e-8850, a wet signature was required, creating a plethora of paper and significant labor needed to process it. The e-8850 has enabled companies to take advantage of the efficiencies of automation, including increased productivity from online screening for the WOTC Program. Furthermore, companies are better able to utilize their applicant tracking systems (ATS) to streamline the recruiting and onboarding process to include the WOTC Program screening. Consequently, eligibility for the WOTC Program can be determined without human involvement. Another significant technological advancement in the WOTC Program process has been the creation, expansion, and integration of state agency databases. Prior to the advancement in state agency databases, companies had to rely on new hires to provide proof of participation in such programs as TANF and SNAP, two of the largest target groups certified under the WOTC Program. Additionally, often tax credit opportunities were missed due to new hires not having information readily available on relatives who may have participated in such social welfare programs. Thus, it was common to miss out on tax credits. This advancement in state agency databases has enabled state certifying agencies to confirm the largest target groups in the WOTC Program SNAP, TANF, and, in some cases, Veterans without requiring backup to be provided by the new hire, further eliminating the need for additional human involvement in 87% of the certifications. Furthermore, as a consequence of state certifying agencies being able to verify target group eligibility, a larger percentage of eligible individuals are captured than previously possible. 7
8 Further benefiting the tax credit capture of many firms is the roll out by WOTC coordinating agencies of electronic system for processing the WOTC Program. While varying in functionality and requirements, these systems enable the processing of e-8850s and corresponding backup and determination of eligibility electronically, eliminating the need for human involvement. With access to systems that allow tracking of metrics, measuring of Key Performance Indicators (KPIs) across services in a single platform, companies can experience significant productivity gains among human resource, payroll, tax department, and individual location operations. Finally, with technological advancements in business intelligence (BI) systems and cloud computing, companies are better able to manage internal staff, track and hire from potentially eligible pools of applicants, and ensure and maximize compliance. BI systems with always-on reporting can be used to coordinate the flow of work, focus on ways to increase the overall credits, and manage labor cost to pursue certifications, while cloud computing provides access to job banks and talent pools, improving the likelihood of hiring potentially eligible applicants. Ultimately, maximizing the full potential of TCIs available to businesses requires a convergent skill set of both TCI program and technical process/technology that enables the leveraging data mining capabilities, integrated technological solutions, business intelligence analytics, and predictive modeling. A TCI industry vendor capable of providing such a robust technological solution requires a dedicated IT team that specializes not only in integrating the most recent technology for the provision of identifying, capturing, tracking, reporting, and forecasting tax credits and incentives on behalf of clients, but also capable of identifying and developing systems that go beyond the TCI industry in order to take advantage of the specialized services of other vendors as well as provide services that companies have not realized a need for, but for which the provision of such services will enable these companies to be light years ahead of competitors. For More Information Contact WMS at (800) or visit About Walton Management Services, Inc. As a trusted advisor, Walton Management Services, Inc. (WMS) delivers specialized tax credit screening solutions using state-of-the-art technology. With a rich legacy and solid reputation in the last 35 years, WMS has developed seamless, innovative, proven best practices, delivering millions of federal, state, and local tax savings. As an integrated extension to our client s finance departments, WMS consults, identifies, and realizes their full savings potential. From Fortune 50 to small and mid-sized companies, WMS works with all industries to generate tax savings through business activities such as hiring, expanding and downsizing facility locations, making capital investments, and training new and incumbent workers. About the Author: Dr. Vignola has worked with WMS in various capacities for over 13 years. As a senior analyst, Dr. Vignola secured and administered over $1M in grants and tax credits on behalf of clients. She has since advanced within WMS, providing regulatory compliance with tax credit programs on behalf of clients, serving as a liaison between clients and governmental agencies, overseeing the WOTC Program lobbying efforts of the firm, performing division oversight of the incentive consulting division, which has secured millions of dollars in non-wotc benefits for clients, and providing the firm s blog and marketing content. 8
Tax Credits and Incentives
WORKFORCE SOLUTIONS Tax Credits and Incentives We know where to look. We combine technology and expertise to identify and capture all the federal, state, and local tax credits available to your organization.
More informationTax credit screening: turn the hiring process into a profit center
Tax credit screening: turn the hiring process into a profit center FEBRUARY 2012 THE DREAM BEGINS WITH THE RIGHT JOB SNAGAJOB.COM 2000-2012 SNAGAJOB.COM, INC. ALL RIGHTS RESERVED Tax credit screening:
More informationBuilding the Digital HR Organization. Accenture and SuccessFactors on the changing nature of HR
Building the Digital HR Organization Accenture and SuccessFactors on the changing nature of HR More than ever, HR has to contend with changing business demands and an evolving workforce. At the same time,
More informationThe Evolving Role of Technology in Insurance KEY MANAGEMENT GROUP, INC
The Evolving Role of Technology in Insurance KEY MANAGEMENT GROUP, INC Key Trends Redefining the Agent s work in Insurance Market Insurance is slowly emerging from its traditional underwriting methods
More informationWorkforce Information Technology Procurement Project
Helping government agencies achieve their employment goals Workforce Information Technology Procurement Project May 15, 2013 @ 3:00 p.m. EST Solicitation No. 13-RFI-001-LJ REQUEST FOR INFORMATION (RFI)
More informationTax Management Services
WORKFORCE SOLUTIONS Tax Management Services Experience. Expertise. Proven Results. Reduces your tax liability and risk through comprehensive unemployment cost management and tax credit strategies. Choose
More informationTransforming Human Resources with People-Friendly Technologies. Brought to you by
Transforming Human Resources with People-Friendly Technologies Brought to you by Investing in SAP ERP Human Capital Management (SAP ERP HCM) is an important first step in modernizing your human resources
More informationOracle Cloud: Oracle HCM Cloud Service Update. Chris Leone Senior Vice President HCM Cloud Product Development
Oracle Cloud: Oracle HCM Cloud Service Update Chris Leone Senior Vice President HCM Cloud Product Development Safe Harbor Statement "Safe Harbor" Statement: Statements in this presentation relating to
More informationSimplify Software as a Service (SaaS) Integration
Simplify Software as a Service (SaaS) Integration By Simon Peel December 2008 Introduction Fuelled by a fiercely competitive business environment that requires the pace of business and technology to accelerate,
More informationOptimizing Service Levels in Public Cloud Deployments
WHITE PAPER OCTOBER 2014 Optimizing Service Levels in Public Cloud Deployments Keys to Effective Service Management 2 WHITE PAPER: OPTIMIZING SERVICE LEVELS IN PUBLIC CLOUD DEPLOYMENTS ca.com Table of
More informationRecruiterpowered by CloudCords
Recruiterpowered by CloudCords Improve Quality of Hire Reduce Turnover with Higher Job Satisfaction Increase Speed of Hire Increase Revenue and Cost Savings How are We Different? Configure custom recruiting
More informationIT Workforce snapshot
2013 IT Workforce snapshot The energy sector is being impacted by changes that will continue to challenge this sector into the foreseeable future. Technology is an essential player driving and supporting
More informationIBM Workload Automation: Major Improvements in Hybrid Cloud Workload Management, Predictive Analytics and User Experience
Research Report IBM Workload Automation: Major Improvements in Hybrid Cloud Workload Management, Executive Summary Imagine the challenges involved in trying to manage application workflow across dozens
More informationBUSINESS CASE The SaaS (R)Evolution in Healthcare Recovery
BUSINESS CASE The SaaS (R)Evolution in Healthcare Recovery 3 Ways Software-as-a-Service (SaaS) Improves Healthcare Recovery Results in Less Time, at a Lower Cost Discovery Health Partners 2012 Healthcare
More informationHuman Capital Advantage for Business What is the value of ADP ihcm for HR Directors?
Human Capital Advantage for Business What is the value of ADP ihcm for HR Directors? HR.Payroll.Benefits. ADP ihcm: Rethink Human Capital Management The need for HR to be a true business partner has never
More informationExecutive summary. Table of Contents. Onboarding technologies essential for engaging today s multigenerational workforce
White Paper Multidimensional workforce Onboarding technologies essential for engaging today s multigenerational workforce Executive summary Is your organization challenged with: Streamlining onboarding
More informationOracle Cloud: Line of Business PaaS Services. Balaji Yelamanchili Senior Vice President Product Development
Oracle Cloud: Line of Business PaaS Services Balaji Yelamanchili Senior Vice President Product Development Safe Harbor Statement "Safe Harbor" Statement: Statements in this presentation relating to Oracle's
More informationWhitepaper. IT Strategies for HR Transformation YOUR SUCCESS IS OUR FOCUS. Published on: Feb 2006 Author: Madhavi M
YOUR SUCCESS IS OUR FOCUS Whitepaper IT Strategies for HR Transformation Published on: Feb 2006 Author: Madhavi M 2009 Hexaware Technologies. All rights reserved. Table of Contents 1. Executive Summary
More informationThe Future of HCM Technology Wim Valstar, SAP SuccessFactors
The Future of HCM Technology Wim Valstar, SAP SuccessFactors The future of HCM technology. The globalised workforce of today is driving HR organisations to look to technology and thought leaders for solutions
More informationBUSINESS CASE FOR BPM
HOW TO BUILD YOUR BUSINESS CASE FOR BPM TABLE OF CONTENTS 1 BPM evolves to deliver long-term value 2 Satisfying business needs 3 Weighing cost and benefit 6 BPM implementation process 7 Key success factors
More informationVALUE PROPOSITION FOR SERVICE PROVIDERS. Helping Service Providers accelerate adoption of the cloud
VALUE PROPOSITION FOR SERVICE PROVIDERS Helping Service Providers accelerate adoption of the cloud Partnership with Service Providers Enabling Your Cloud Services in Complex Environments Today s challenge
More informationEnabling Agile, Efficient and Reliable Global HCM Through Integrated Payroll
ADP STREAMLINE SM Enabling Agile, Efficient and Reliable Global HCM Through Integrated Payroll HR. Payroll. Benefits. Complex legal and tax mazes, cultural differences and labor laws - the complexity of
More informationIncreasing Productivity with Mobile Integration.
1 Mobile Medicine: Increasing Productivity with Mobile Integration. Executive Summary Mobile devices smartphone or tablet computers are everywhere increasing effectiveness and efficiency in everyday life.
More informationInnovative Architectures For Cloud Data Centers
Innovative Architectures For Cloud Data Centers Cloud computing has ushered in a new era for data centers. Huawei offers efficient, flexible, and innovative cloud data centers and delivers extensive project
More informationQAD SOLUTIONS ARE BUILT FOR FOOD AND BEVERAGE MANUFACTURERS, BUILT FOR YOU
QAD SOLUTIONS ARE BUILT FOR FOOD AND BEVERAGE MANUFACTURERS, BUILT FOR YOU Food and beverage manufacturers produce a wide array of products from soda, wine, dairy, and fruits and vegetables to oils, spices
More informationStrategic Solutions that Make Your Work Easier. Projects Made Easier Decisions Made Easier Business Made Easier
Strategic Solutions that Make Your Work Easier Projects Made Easier Decisions Made Easier Business Made Easier Have You Outgrown Your Systems? Buyers Say the Partner and the Product are More Important
More informationBoosting Customer Loyalty and Bottom Line Results
Boosting Customer Loyalty and Bottom Line Results Putting Customer Experience First in Your Contact Center TABLE OF CONTENTS Meeting Today s Customer Expectations...1 Customer Service is an Ongoing Experience...2
More informationOUTGROWING MICROSOFT DYNAMICS GP
OUTGROWING MICROSOFT DYNAMICS GP Why Companies Move Up to Microsoft Dynamics AX AN ARMANINO WHITE PAPER ARE YOU TOO SUCCESSFUL FOR YOUR CURRENT ERP SYSTEM? Whether you re expanding your product lines,
More informationPeopleSoft and Oracle Cloud Practical Solutions. Marc Weintraub Senior Director PeopleSoft October 2014
PeopleSoft and Oracle Cloud Practical Solutions Marc Weintraub Senior Director PeopleSoft October 2014 Copyright 2014, Oracle and/or its affiliates. All rights reserved. Oracle Event Usage Only Safe Harbor
More informationBusiness ByDesign. The SAP Business ByDesign solution helps you optimize project management
SAP Functions in Detail SAP Solutions for Small Businesses and Midsize Companies Efficient Project Management Drive Project Success with SAP Business ByDesign The SAP Business ByDesign solution helps you
More informationInfor Human Capital Management Talent DNA that drives your business
Infor Human Capital Management Talent DNA that drives your business 1 Infor Human Capital Management Align your talent DNA and business strategy to achieve real success Accelerate your business with a
More informationA New Model for development: USAId MANAgeMeNt & process reform JUNe 2014
A New Model for Development: USAID Management & Process Reform June 2014 Four years ago, President Obama elevated development alongside diplomacy and defense as a core pillar of America s national security
More informationEnabling HR service delivery
Enabling HR service delivery Cloud HR 9 10 HR shared services and Outsourcing Global privacy and Security 11 12 Social media 10 HR Shared Services and Outsourcing Has your organization implemented service
More informationInnovations in Pharma Sales Operations
Innovations in Pharma Sales Operations Sales Ops Importance in Pharma Pharmaceutical organizations are going through fundamental restructuring. They are facing changing regulations, intense cost pressure,
More informationTop 5 Reasons to Outsource MORE!
Top 5 Reasons to Outsource MORE! This report is available for download on Teleperformance s website. For more information about articles and white papers, go to: www.teleperformance.com Why Companies Are
More informationTop 10 Ways. Operational Software Can Boost a Contractor s Bottom Line
Top 10 Ways Operational Software Can Boost a Contractor s Bottom Line Top 10 Ways Operational Software Can Boost a Contractor s Bottom Line Switching to a new operational software solution is a big step
More informationTop 8 Identity and Access Management Challenges with Your SaaS Applications. Okta Inc. 301 Brannan Street San Francisco, CA 94107
Top 8 Identity and Access Management Challenges with Your SaaS Applications Okta Inc. 301 Brannan Street San Francisco, CA 94107 info@okta.com 1-888-722-7871 Contents 1 The Importance of Identity for SaaS
More informationNAREIM Session: Dangers and challenges of The Cloud. President, NiceNets Consulting, LLC
Main Types of Cloud Environments: - Public Cloud: A service built on an external platform run by a cloud service provider such as IBM, Amazon Web Services or Microsoft Azure. Subscribers can get access
More informationYour Complete Employer Solution THE MARKETPLACE. Pre-integrated, best-in-class third-party and internally developed add-on solutions
Your Complete Employer Solution THE MARKETPLACE Pre-integrated, best-in-class third-party and internally developed add-on solutions Marketplace offerings include: Travel and expense report management Background
More informationTurn Your Business Vision into Reality with Microsoft Dynamics GP
Turn Your Business Vision into Reality with Microsoft Dynamics GP You have worked hard to build a vision for your business. With a business solution from Microsoft, you can turn that vision into reality.
More informationEvaluation Guide. Sales Quota Allocation Performance Blueprint
Evaluation Guide Sales Quota Allocation Performance Blueprint Introduction Pharmaceutical companies are widely recognized for having outstanding sales forces. Many pharmaceuticals have hundreds of sales
More informationDigital Business Services Topic Area Theaters May 17-19, 2016 Orlando, FL
Digital Topic Area Theaters May 17-19, 2016 Orlando, FL Session ID Title Abstract Time and Location DB34027 Exploit Business Benefit Cases to Accelerate and Improve Processes DB34011* DB34008 DB34051*
More informationG&A Onboarding. G&A Partners Human Capital Solutions
G&A Onboarding G&A Onboarding streamlines new hire procedures and alleviates the administrative paper chase by providing new workers and their managers online access to all necessary employment forms,
More informationIBM Cloud Security Draft for Discussion September 12, 2011. 2011 IBM Corporation
IBM Cloud Security Draft for Discussion September 12, 2011 IBM Point of View: Cloud can be made secure for business As with most new technology paradigms, security concerns surrounding cloud computing
More informationTalent DNA that drives your business
Talent DNA that drives your business Align your talent DNA and business strategy to achieve real success Accelerate your business with a strategic HCM solution that turns your human capital investment
More informationCase Study. The Department of the Interior s National Business Center Using System z as a Strategic Enterprise Cloud Platform
Case Study The Department of the Interior s National Business Center Executive Summary To be successful, an information technology (IT) shared service provider needs to take advantage of economies of scale
More informationInfor CloudSuite HCM. Make more informed decisions. Modernize your HR technology
HCM Brochure Infor CloudSuite HCM Make more informed decisions Infor CloudSuite HCM is a cloud-based solution for human capital management (HCM) that is more complete than any other. You get the HR and
More informationWORKFORCE MANAGEMENT SUITE
solutions WORKFORCE MANAGEMENT SUITE For Small and Midsize Businesses Enterprise-Class Workforce Management. Simplified. UNIFIED WORKFORCE MANAGEMENT: One database. One user experience. One employee record.
More informationSOLUTIONS FOR RETIREMENT SERVICES
SOLUTIONS FOR RETIREMENT SERVICES ONBOARDING RISK & COMPLIANCE OPERATIONS & IT PARTICIPANT SERVICES PLAN SPONSOR & ADVISOR SERVICES REPORTING TRADING DOCUMENT PREPARATION DISBURSEMENTS DATA AGGREGATION
More informationManaged Service Providers for Mid-Sized Companies:
Managed Service Providers for Mid-Sized Companies: How companies spending less than $100 million a year on contingent labor can achieve greater efficiency, compliance and cost savings. 2013 Monument Consulting.
More informationAt the Heart of Improved Business Dexterity
At the Heart of Improved Business Dexterity Be Nimble, Be Quick: Driving Agility in Insurance Abstract The insurance landscape is evolving rapidly and is fraught with challenges. Insurance providers are
More informationHow to Build a Service Management Hub for Digital Service Innovation
solution white paper How to Build a Service Management Hub for Digital Service Innovation Empower IT and business agility by taking ITSM to the cloud Table of Contents 1 EXECUTIVE SUMMARY The Mission:
More informationAn Oracle White Paper February 2012. Oracle Human Capital Management: Leadership that Drives Business Value. How HR Increases Value
An Oracle White Paper February 2012 Oracle Human Capital Management: Leadership that Drives Business Value How HR Increases Value Introduction Joyce Westerdahl shares the story of how Oracle s HR organization
More informationMarket Maturity. Cloud Definitions
HRG Assessment: Cloud Computing Provider Perspective In the fall of 2009 Harvard Research Group (HRG) interviewed selected Cloud Computing companies including SaaS (software as a service), PaaS (platform
More informationEstablish spending policies that account for the needs of employees, and then enforce them strictly.
Newsletter : Cost Containment Specialists Article 14 April 2010 Summary Controlling indirect spending should now be a top priority for CFOs. Although there are a range of tools and techniques available,
More informationEnterprise-Wide Benefits of Automated Client Onboarding
Solution Summary Enterprise-Wide Benefits of Automated Client Onboarding Wealth management firms are facing increasing pressure to reduce costs and increase sales while improving customer service levels.
More informationBrokers Expand your Horizon
1 Benefit Technology Resources, LLC Your Resource for HR Technology Selden Beattie Benefit Advisors Strategic Benefits Consultants Brokers Expand your Horizon TODAY S AGENDA 2 1 Workshop Overview 4 Healthcare
More informationSUSTAINING COMPETITIVE DIFFERENTIATION
SUSTAINING COMPETITIVE DIFFERENTIATION Maintaining a competitive edge in customer experience requires proactive vigilance and the ability to take quick, effective, and unified action E M C P e r s pec
More informationTurn Your Business Vision into Reality with Microsoft Dynamics GP
Turn Your Business Vision into Reality with Microsoft Dynamics GP You have worked hard to build a vision for your business. With a business solution from Microsoft, you can turn that vision into reality.
More informationHow to Turn the Promise of the Cloud into an Operational Reality
TecTakes Value Insight How to Turn the Promise of the Cloud into an Operational Reality By David Talbott The Lure of the Cloud In recent years, there has been a great deal of discussion about cloud computing
More informationNew Business Model for Medical Billing Companies
New Business Model for Medical Billing Companies Author: Mick Raich Vachette Pathology @ www.vachettepathology.com Introduction I ve worked in the medical billing world for the past 20 years, both for
More informationBEST PRACTICES RESEARCH INSERT COMPANY LOGO HERE
2013 2014 INSERT COMPANY LOGO HERE 2014 Global Automation Software for Real-time Operational 2013 North American SSL Certificate Intelligence Company of the Year Award Product Leadership Award Background
More informationINNOVATIVE EXCELLENCE
Cyprus Hong Kong Abu Dhabi London Dublin INNOVATIVE EXCELLENCE ABOUT US THE FUTURE IS NOW, LET S PUT IT TO WORK! Aprime Accounting Solutions is a global, first of its kind, Accounting, Human Resources
More informationTurn Your Business Vision into Reality with Microsoft Dynamics SL
Turn Your Business Vision into Reality with Microsoft Dynamics SL You have worked hard to build a vision for your business. With Microsoft Dynamics SL, you can turn that vision into reality with a solution
More informationFieldglass industry-leading Vendor Management System (VMS) powers the flexible workforce.
Fieldglass industry-leading Vendor Management System (VMS) powers the flexible workforce. Take a smarter approach to managing your contingent workforce and services procurement programs. FIELDGLASS Manage
More informationHR Transformation Update. HR Community Town Hall June 18, 2013
HR Transformation Update HR Community Town Hall June 18, 2013 1 Today s agenda Review HR Transformation initiative Discuss results of HR Online Survey Review guiding principles and HR Vision Share leading
More informationXerox in Financial Services
Xerox in Financial Whether it s through document management or a number of outsourcing services, we can help Financial companies meet their unique business challenges in new ways with measurable results.
More informationEnterprise Resource Planning
IBM Global Business Services ERP Enterprise Resource Planning Solutions from IBM Global Business Services Do people across your organisation have easy access to the up-to-date information they need to
More informationSolutions overview. Inspiring talent management. Solutions insight. Inspiring talent management
Solutions overview Inspiring talent management Solutions insight Inspiring talent management Inspiring talent management Intuitive technology that people love to use Lumesse is the only global company
More informationPLATFORM-AS-A-SERVICE, DEVOPS, AND APPLICATION INTEGRATION. An introduction to delivering applications faster
PLATFORM-AS-A-SERVICE, DEVOPS, AND APPLICATION INTEGRATION An introduction to delivering applications faster CONTENTS 2 Introduction to PaaS 4 Private, public, and hybrid PaaS 6 Who uses PaaS? 8 DevOps
More informationWHITEPAPER. The Case for Mobile Management Outsourcing
The Case for Mobile Management Outsourcing Mobile and wireless technologies have fundamentally changed the way we do business and increased productivity in companies of all sizes Mobile and wireless technologies
More informationDepartment of Finance. Strategic Plan 2015-2019. California s Fiscal Policy Experts
Department of Finance Strategic Plan 2015-2019 California s Fiscal Policy Experts California s Fiscal Policy Experts MESSAGE FROM THE DIRECTOR Since fiscal year 2011-12, the state has recovered from budget
More informationSOLUTIONS FOR RETIREMENT SERVICES
SOLUTIONS FOR RETIREMENT SERVICES ONBOARDING RISK & COMPLIANCE OPERATIONS & IT PARTICIPANT SERVICES PLAN SPONSOR & ADVISOR SERVICES REPORTING TRADING DOCUMENT PREPARATION DISBURSEMENTS DATA AGGREGATION
More informationebook for creative agencies using project management software to increase productivity in your agency
ebook for creative agencies using project management software to ebook for creative agencies About the Authors Summary Introduction..... 3 7 Creative Roles.... 6 New Business.... 11 Creative Team......
More informationMANUFACTURING IN THE CLOUD IMPROVED PRODUCTIVITY AND COST SAVINGS ARE ON THE HORIZON
MANUFACTURING IN THE CLOUD IMPROVED PRODUCTIVITY AND COST SAVINGS ARE ON THE HORIZON White paper by Bala Adiseshan President & CEO inkumo, Inc. MANUFACTURING IN THE CLOUD: IMPROVED PRODUCTIVITY AND COST-
More informationOutsourced Defined Benefit Plan Administration:
Outsourced Defined Benefit Plan Administration: Instant efficiencies through effective technology A White Paper Prepared by Transamerica Retirement Solutions Patrick J. Kendall Vice President, Defined
More informationTHE NEXT GENERATION OF HR SHARED SERVICES SUBHEADLINE RUNS HERE AND HERE AND HERE AND HERE
THE NEXT GENERATION OF HR SHARED SERVICES SUBHEADLINE RUNS HERE AND HERE AND HERE AND HERE SAP Executive Insight It s no secret that implementing HR shared services can help organizations generate significant
More informationParallels Automation. Parallels Automation Trusted by Top Service Providers Worldwide. White Paper. www.parallels.com
Parallels Automation White Paper Parallels Automation Trusted by Top Service Providers Worldwide www.parallels.com Table of Contents Parallels Automation Trusted by Top Service Providers Worldwide... 3
More informationHuman Capital Advantage for Business What is the Value of ADP ihcm for CEOs?
Human Capital Advantage for Business What is the Value of ADP ihcm for CEOs? HR.Payroll.Benefits. ADP ihcm: Rethink Human Capital Management The need for HR to be a true business partner has never been
More informationBusiness-driven Policy Administration Transformation
in collaboration with Business-driven Policy Administration Transformation Cost per policy analysis can help drive decisions for transforming policy administration systems Contents 1 Introduction 3 2 Challenges
More informationChoosing the Right ERP Solution:
Choosing the Right ERP Solution: 3 CRITERIA FOR SUCCESS Table of Contents 1 2 Who We Are 3 The Key to Better Business Performance 4 ERP as the Focal Point of Your Business 5 Why Some ERP Solutions Fail
More informationDepartment-wide Systems and Capital Investment Program
Department-wide Systems and Capital Investment Program Mission Statement The Department-wide Systems and Capital Investments Program (DSCIP) is authorized to be used by or on behalf of the Treasury Department
More informationFive Strategies for Global Sourcing of Application Development
Five Strategies for Global Sourcing of Application Development Why Captive ODC makes sense for Enterprise IT February 3, 2005 2004, 2005 Lionbridge Technologies, Inc. Doc. V.1.2 Executive Summary Companies
More informationTransportation Solutions Built on Oracle Transportation Management. Enterprise Solutions
Transportation Solutions Built on Oracle Transportation Management Enterprise Solutions Optimizing transportation operations and ensuring improved customer service Today s complex and challenging business
More informationAccounts Payable Outsourcing
Accounts Payable Outsourcing OVERVIEW- ACCOUNTS PAYABLE PROCESSING The findings of a recent accounts payable study highlights the common errors and issues faced by the accounts payable department. They
More informationSNOW SOFTWARE. Fredrik Spolén Country Manager Sales Director. Norway Denmark Finland
SNOW SOFTWARE Fredrik Spolén Country Manager Sales Director Norway Denmark Finland AGENDA FOR TODAY Introduction to SAM and Snow 4 th Generation SAM Snow SAM Platform Questions and Answers LACK OF SAM
More informationAccenture & NetSuite
Accenture & NetSuite Gray background is only to allow visibility of all elements on page. Delete as needed. Delivering High Performance Turn off NOTES in Layers menu to Through the Cloud eliminate these
More informationWelcome to today s training on how to Effectively Sell SAP ERP! In this training, you will learn how SAP ERP addresses market trends and
Welcome to today s training on how to Effectively Sell SAP ERP! In this training, you will learn how SAP ERP addresses market trends and organizations business needs. 1 After completing this lesson, you
More informationMoving Service Management to SaaS Key Challenges and How Nimsoft Service Desk Helps Address Them
Moving Service Management to SaaS Key Challenges and How Nimsoft Service Desk Helps Address Them Table of Contents Executive Summary... 3 Introduction: Opportunities of SaaS... 3 Introducing Nimsoft Service
More informationModernizing your annuity platform to reduce costs, improve customer service and increase business agility
Modernizing your annuity platform to reduce costs, improve customer service and increase business agility 1 Modernizing your annuity system can pay big dividends to insurers. It can enable them to increase
More informationThe Pricing Enablement Center
The Pricing E Center Why Pricing E? Most pricing projects stop as soon as the implementation of a new pricing strategy is under way. But without the right internal capabilities, it is quite possible that
More informationLexisOne. LexisOne. Powered by Microsoft Dynamics AX 2012. EnterpriseSolutions
LexisOne Powered by Microsoft Dynamics AX 2012 LexisOne LexisOne powered by Microsoft Dynamics AX 2012 from LexisNexis goes beyond traditional practice management software currently available to legal
More informationCloud Solutions for Bigger Business
Cloud Solutions for Bigger Business Cloud Solutions for Bigger Business MYOB Advanced is set to transform the way larger Australian and New Zealand businesses work. MYOB Advanced Business is a cloud based
More informationThe business owner s guide for replacing accounting software
The business owner s guide for replacing accounting software Replacing your accounting software is easier and more affordable than you may think. Use this guide to learn about the benefits of a modern
More informationBrochure HP Workflow Discovery for FSI
Brochure HP Workflow Discovery for FSI Enhance productivity, improve processes and reduce costs Businesses today need to run more efficiently, and you re probably considering every alternative to help
More informationOracle Taleo for Recruiting Management: The Path that Leads to the Best Talent
Oracle Taleo for Recruiting Management: The Path that Leads to the Best Talent Sreenath Kamasamudhram, BizTech Introduction Today's Human Resources (HR), talent and learning executives face strategic challenges,
More informationDigital Strategy in Distribution
Digital Strategy in Distribution 1 Methodology The survey results presented in this whitepaper are the result of an online survey of readers from MDM (www.mdm.com) and Infor in July and August 2015. Infor
More informationG-Cloud III Framework Service Definition Accenture Azure Cloud Services
G-Cloud III Framework Service Definition Accenture Azure Cloud Services 1 Table of contents 1. Scope of our services... 3 2. Approach... 4 3. Assets and tools... 5 4. Outcomes... 5 5. Pricing... 6 6. Contacts...
More informationSubtitle Production in the Cloud. How cloud computing is enabling efficient media localization for film and video owners
Subtitle Production in the Cloud How cloud computing is enabling efficient media localization for film and video owners Contents 02 Executive Summary 03 A fresh approach 03 The traditional approach to
More information