Processing Costs

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. .

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.

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.

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%.