Infinisource Announces SmartPay Workers’ Compensation Partnership
CHARLOTTE, N.C., June 18, 2013 /PRNewswire/ — Infinisource, the leading cloud provider of workforce management solutions for small and midsize companies, announced that it will incorporate the SmartPay Pay-As-You-Go Workers’ Compensation plan into its workforce management platform, iSolved.
SmartPay is a cost-effective, state-of-the-art software system that allows workers’ compensation premiums to be paid one payroll period at a time. Employers utilizing iSolved in conjunction with SmartPay can deduct workers’ compensation premiums through payroll, eliminating large deposit premiums and the risk of over or underpaying premiums. The combination of products can increase employers’ cash flow by keeping money in the business, while still giving them the ability to choose between multiple workers’ compensation carriers.
This partnership provides the technology employers need to immediately process payroll with correct premium payments, resulting in accurate reports and financial records. Payroll can be reviewed in real time, allowing employers to immediately see payments and deductions.
“Combining the cutting-edge solutions of SmartPay with iSolved further enhances our customers’ workforce management,” said Todd LaFever, president of iSolved’s Employer Services and Technology Division. “We continually search for solutions to make it easier to be an employer in today’s business environment.”
About Infinisource Inc.
Founded in 1986, Infinisource is a nationally recognized leader of Workforce Management technology solutions that was named to the Inc. 500-5000 list of fastest-growing companies. Infinisource offers iSolved a single database for HR, Payroll, Time and Attendance and Benefits Administration, as well as administration for COBRA, Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Arrangements. The company has more than 4,000 broker relationships and 63,000 employer clients. Infinisource is a leader in employment law, compliance and education. For more information, please visit www.infinisource.com.
SmartPay is the only pay-as-you-go solution designed by a team of experts from the insurance carrier, independent agent, payroll and software industries with specific expertise in workers’ compensation.
The SmartPay management team and executive advisors represent extensive experience in insurance, software and payroll as well as strategy, business execution, virtual management, sales, marketing, operations and quality testing procedures. The SmartPay team has put together a one-of-a-kind, revolutionary industry pay-as-you-go platform.
SOURCE Infinisource Inc.