PrismHR Partners with EverythingBenefits to Offer New Collections and Payments Solution for Furloughed and Displaced Employees
Solution Designed Specifically for HR Service Providers Helps Streamline and Improve Invoicing and Collections Processes
Hopkinton, Mass. — April 22, 2020 – PrismHR, the leading HR technology software powering payroll, benefits, and HR for businesses across the U.S., today announced that EverythingBenefits’ new Payments and Collections solution is now available to its network of HR service providers through the PrismHR Marketplace.
PrismHR HR service provider partners with small business clients who have employees on reduced payroll or furlough can use the Collections and Payments solution to collect payments for benefits, mortgages, 401k loans and more from furloughed and displaced employees.
EverythingBenefits’ Collections and Payments solution was specifically designed to meet the needs of HR service providers, including Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs), enabling them to:
- Quickly setup new payments
- Automate invoicing and payment collection and remittance
- Monitor payment and collection status in real-time
“EverythingBenefits’ Collection and Payments solution will enable our HR service provider partners to save time and automate the process of invoicing and collecting payments for furloughed and displaced employees,” said Jonathan Wall, Vice President, Strategic Partnerships at PrismHR. “Our HR service provider partners and the small businesses they serve can both benefit from reducing complexity around payments for financial obligations that had been deducted from their regular paychecks.”
“We developed this solution to reach the millions of individuals who face career and financial uncertainty. We’re enabling employers with a seamless alternative to standard remittance,” said EverythingBenefits co-founder and CEO, Rachel Lyubovitzky. “We have aligned with PrismHR to help deliver solutions that address the evolving needs of its service provider and client ecosystem.”
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass. For more information, visit www.prismhr.com.
EverythingBenefits is a leading provider of next-generation, end-to-end benefit technology solutions and services that help businesses of all sizes and their employees experience benefits in more meaningful ways. By leveraging an open business model, EverythingBenefits partners with benefit brokers, independent agents, insurers, payroll or human capital management companies, and other providers. The company’s philosophy is that technology should make life simpler, more rewarding, and more enjoyable. For more information, please visit our web site at www.everythingbenefits.com or connect with us via LinkedIn, Twitter, or Facebook.
PrismHR Public Relations
EverythingBenefits | Clarity PR