Processing Costs

Full Payroll and Billing/Invoice Services

The combination of TempWizard, the premier staffing software, along with the world class services provided by ADP’s payroll processing has been the premier staffing payroll solution for small to medium size staffing companies for well over a decade. Now there is a new, more convenient and cost effective way to take advantage of the outstanding benefits that these two services provide. The following pro forma gives an example of the savings that can be realized by a small staffing company that uses BWSI’s full Back Office Services versus simply using our TempWizard staffing company software and outsourcing its payroll separately. .

Number of employees 250
Average weekly work hours per employee 32
Average bill rate per hour $15
Average weekly billing $120,000

Note: for these comparisons it is also assumed that the staffing company pays wages in at least 3 separate jurisdictions (states, counties, school districts, or cities) and services about 75 customers per week.

Rate for all services 0.86%
Costs per week $1,032
Costs per year $53,664

TempWizard Subscription Costs

Taking the same example as described above, let’s do a similar analysis assuming the staffing company chooses to use TempWizard over the Internet (BWSI’s Subscription model) for its billing and payroll software, and contracts the services of ADP on their own. What follows is a first year comparison.

Description Annual Costs
Installation, training & related expenses $4,500
Eight licenses ($825 per month) $9,900
250 checks per week ($1.25 per check) $16,250
Tax filing, garnishments, etc. ($35 per week) $1,820
W-2 costs assuming 6:1 turnover ($3.50 each) $5,250
New hire reporting services ($2.50 each) $4,200
Skilled administrator to manage payroll and billing $30,000
Postage, supplies, other overhead $3,000
Costs per year for processing inhouse with ADP $74,920

Intangibles

There are a number of other factors that can have a significant impact on the bottom line, but are somewhat difficult to quantify in an abstract example. Having a single source for all of your payroll and billing issues can be a tremendous time and money saver. With BWSI’s Back Office Services, you and your staff get to work with an experienced team that quickly becomes familiar with your preferences and those of your clients – again saving that valuable commodity – time. Our experience and familiarity with payroll rules will help to prevent expensive mistakes. You gain the advantage of our industry knowledge. It’s like having the benefits of a professional consultant at no additional charge!

In-House Payroll Processing

In September 2003, Price Waterhouse published a white paper that showed, on average, a company can save 20% by processing payroll with ADP as opposed to processing in-house. Your savings when using Back Office Services is in addition to that 20%.

Request a Live Demo Contact Us

Back Office Services
Pricing

Discuss your needs with us and we will help you determine if our Back Office Services are right for you. Contact sales@bwsi.com.

BWSI offers comprehensive staffing software solutions including web based time sheet software, back office outsourcing
and other staffing industry software solutions.

Home |
 Staffing Software  Back Office Services  Case Studies  About Us 
 Demo Request | Tour TempWizard | Contact Us
FAQ's | Blog | Site Map - XML | Web Site Terms | Privacy Policy | Resources
Copyright © 2006 BusinessWare Services, Inc. All rights reserved.
interactive marketing by Phoenix Web Design & Phoenix Internet Marketing gatesix