EASi’s Integrated Payroll Interface Raises the Bar on Automation
Equity Administration Solutions, Inc. (EASi), today announced it has enhanced its integrated payroll and HR interface to make it even easier to keep employee demographic and tax information in sync. With the push of a button, EASi’s CompXchange™ Payroll and HR WorkStream interface can seamlessly extract tax withholding information and pass it to the payroll system. This added integration reduces the need for human intervention and the potential for costly errors.
CompXchange, powered by CompIntelligence, works with any payroll and HR system. It is a smart tool that translates formats so that different systems can understand each other and transfer data back and forth with ease. CompXchange enables a company to establish a regular process for providing accurate reporting data and preserving SOX controls.
“The risks are high when data from payroll and HR systems gets out of sync with stock plan management system data, "explains Mark Ebersole, EASi’s Chief Technology Officer. “For example, using CompXchange helps you prevent terminated employees from exercising grants that should have been forfeited or from having the wrong tax jurisdiction applied when employees move. CompxChange is one more way we use automation and innovation to make it easier for our clients to stay compliant and manage the complexities of stock plan administration.”
“CompXchange completes the loop between EASi’s stock plan management solution and the back office, saving valuable time when you are closing your books, “explained Gary Scrorfani, President and COO of CompIntelligence. “With CompXchange you don’t need to rely on your IT staff and you keep sensitive employee data safe and secure behind your firewall.”