ADP Launches Electronic Payroll System
ADP announced the launch of ALINE Pay by ADP, a comprehensive electronic payroll disbursement solution that helps employers reduce administration time and minimize their risk of financial and compliance exposure. The ALINE Pay electronic pay solution is designed to be compliant in all 50 states through a wage funding and distribution solution, and gives both employers and employees flexibility in choosing the method of payment that best meets their needs: ADP Full Service Direct Deposit, the new ALINE Card by ADP, or ALINE Check by ADP .
ALINE Pay by ADP offers companies potentially significant cost savings by switching to a turn-key electronic pay solution. In a 2009 Payroll Performance Study conducted by The Hackett Group for the American Payroll Association, top performing companies that utilize electronic pay spend 50 percent less for payroll processing than comparable businesses ─ $41 per employee compared to the $84 per employee paid by the peer group.
“We listened to the needs of our clients and their concerns about having a compliant solution for their employees,” says Gary Lott, ADP general manager and division vice president, ADP Unemployment, Payments, and Garnishment Services. “ALINE Pay is ADP’s response, and we’re proud to offer this innovative payroll disbursement solution for employers and their employees nationwide.”
A key component of the new ALINE Pay solution is the ALINE Card by ADP, which can aid employers in reducing administrative costs and losses due to fraud. Enhanced user features ─ such as surcharge-free access to more than 60,000 ATMs, online bill pay, and text-message/email alerts on account balances ─ offer greater control to cardholders to manage their personal finances. Employees enjoy the security and convenience of a pay card that helps them avoid costly check-cashing fees while saving time by eliminating a trip to cash a check.
With the ALINE Card by ADP, cardholders can also:
· Load additional funds onto the card at thousands of retail locations nationwide
· Receive electronic payments, such as government benefits or tax refunds
· Transfer funds from the card to a U.S. bank account
· Continue to use the card when they change jobs
Employees have the option to use the new ALINE Check by ADP, a self-issued check, to receive their payroll funds or as a substitute payment method where cards are not accepted. As an added option, employees can instantly access their wage statements electronically through the intranet, Internet, interactive voice response (IVR), or at the workplace through an available innovative print-on-demand device for employers.
Adopting ALINE Pay by ADP allows payroll departments to focus on strategic tasks rather than hands-on management of payroll disbursement. Companies may benefit from using ADP’s streamlined payment process, which reduces the burden of managing multiple independent vendors and processes. ALINE Pay may also provide employers with online access to payroll exceptions and employee self-service features, as well as the ability to make payments instantly for terminations and other needs. By offering electronic pay and W-2 statements, ALINE Pay by ADP can help employers eliminate the printing and distribution expenses of paper statements and reduce the environmental impact of payroll disbursement.
ALINE Pay by ADP is available to ADP payroll processing clients and also integrates with in-house payroll systems.