doc agent relyco paperless tax webinar 3 6-13
TRANSCRIPT
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5 Time and Money Savings Tips for Distributing W2s, 1099s and Paystubs
Michael Johnson – VP ePayments RelycoKevin Smith - Sales Director Digital Designs, Inc.
March 7, 2013
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The “Paper” Problem
Need Evidence?
The Federal Government is phasing out paper checks for all benefit programs - 73 million payments a month
More than 76% of individual tax refunds were delivered via direct deposit in 2011
More than 68% of Corporation are writing less checks
UK Phasing out checks – US Next?
Consumer moving rapidly to paperless payments and statements – Where is your checkbook?
We live in a self-service world
Paper is inefficient, costs time and money
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Why Is The Paperless Movement So Strong?
Costs
Green Initiatives
Time
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Do you know what the average cost per document is to produce and distribute pay checks or direct deposit advices?
$1.90(Source: NACHA – The Electronic Payments Association)
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9
Do you know the average number of times a paper check or stub is touched before reaching the employee?
(Source: NACHA – The Electronic Payments Association)
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$10-25
Do You Know the average cost to reprint a lost tax document?
(Source: NACHA – The Electronic Payments Association)
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7.5%
Do you know the average amount of documents lost or misplaced in an organization?
(Source: PriceWaterhouseCoopers)
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www.ddilink.com/online-pay-stubs-w-2s
Calculate Your Savings!
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Benefits for Employees
Opt-In for Paperless W2s & Paystubs
Self-Service
View – Print – Email
Secure Password Protected
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Benefits for Employers
Less Time
Less Money
Reduce Support Calls
Employee Convenience
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Employees: 32,000Locations: 439Documents: >600,000 pay stubs, 70,000 W-2s per year
The Solution
DocAgent Pay Stubs and W-2s Online•FrequencyWeekly/Semi-Monthly/Monthly Payrolls + Annual W-2s
•The Benefits•Competitive Win-Back from ADP - $4,500 / Month Savings! •Self-Service – 100% Turnover•Bi-Lingual Support (Spanish)•Infinium Integration
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Demonstration
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DocAgent in the Cloud
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Example of Online Pay Stub
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Example of OnlineIRS-Legal Copy W-2
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DocAgent.NET – Mobile AccessDocAgent.NET – Mobile Access
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DocAgent.NET – Mobile AccessDocAgent.NET – Mobile Access
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Recommend Direct Deposit & Online W-2s to Employees
Eliminate Print Production and Distribution Costs
Allow Secure Web / Workstation Access
Conform Easily to IRS W-2 Regulations
Host Documents in a Secure Cloud Environment
Best Practices = REACHThe 5 Steps
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What We Covered
The ProblemThe BenefitsCase StudyDemonstrationQ&A
Where Do We Go From Here?
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