Organizations searching for a way to effectively fulfill payroll tax compliance responsibilities have found few reliable choices:
- If you do it in-house using manual processes, the risk of making a mistake and facing a fine or penalty is great. Plus, it is very time-consuming for payroll personnel.
- If you use an outsourcer such as a service bureau, it can be costly and confusing. Providing your payroll data to the outsourced vendor means there will be two systems – yours and theirs – where your payroll data is stored. This can lead to confusion over which is the system of record and what happens if the data in each system doesn’t match.
With BSI ComplianceFactory, you get a cost-effective solution that offers next generation payroll tax compliance technology. It does not require the kind of time commitment that a manual solution would – and it’s much more accurate and efficient. Unlike an outsourcer arrangement, you control your payroll data.
What makes it a next generation payroll tax compliance solution:
Native integration: BSI ComplianceFactory communicates with your payroll system using adapters developed specifically for your system by BSI. The adapters use next-generation, lightweight, native web service integration to access data more flexibly than a bulky extract that a service bureau would do. So when BSI ComplianceFactory pulls data to produce a report, it pulls all data from all target employees, not just tax and wage totals, and is able to provide more in-depth reporting of problems and variances.
This native integration enables BSI ComplianceFactory to quickly and seamlessly access the data needed for compliance materials, either automatically or on demand. In automatic (think auto-pilot) mode, no action is required by the user to produce authority-ready filings or payments.
Intuitive user interface: The BSI ComplianceFactory user interface is designed to easily guide the user through the applications. Without much practice, users will be able to operate the user interface intuitively in a few minutes. The goal is to complete an activity in three mouse clicks or less. However, if you need help, detailed user help and an online tutorial are available.
The user interface is accessed via a standard web browser. If you are depositing and filing your taxes electronically, you can do this operation from anywhere – because there is no paper or printing involved – assuming you have access to a web browser.
Available on-demand (SaaS): The on-demand (SaaS) delivery model offers a cost-effective alternative to the on-premise version and includes the same robust features. To accommodate diverse business needs, you can purchase an entire suite of applications or select only the components that support your unique business requirements. Both regulatory changes and product upgrades are automatically updated for your convenience. Learn more.
Robust applications: Unlike other solutions, BSI ComplianceFactory’s next generation payroll tax compliance solution offers a complete range of 12 integrated applications. With BSI ComplianceFactory SaaS, you can choose the whole solution or just the applications that fit your needs now, with room to grow later. Learn More.
BSI ComplianceFactory provides a more efficient way of streamlining internal payroll tax compliance processes and managing high-volume filing and deposit processing. This next generation payroll tax compliance solution reduces manual processes and helps you maintain compliance with Federal, State, local and territory tax jurisdictions without losing control of your data.