Stax.ai, a leading AI-driven workflow automation platform for retirement Third-Party Administrators, has announced a strategic partnership with Payroll Integrations. This collaboration enables TPAs to automatically collect and standardize payroll and employee census data in real-time by integrating directly with a vast network of payroll providers.
Traditionally, TPAs spend hours on manual administrative tasks, exchanging emails with plan sponsors and payroll providers to gather payroll data, manually entering it into their systems, and reformatting it. These inefficiencies increase the risk of incorrect deductions and inconsistencies, ultimately taking time away from strategic initiatives.
The partnership between Stax.ai and Payroll Integrations eliminates these challenges, allowing TPAs to focus on enhancing client experiences and optimizing retirement plan management.
Benefits of the Stax.ai and Payroll Integrations Partnership
1. Seamless Payroll Integration for TPAs
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TPAs using Stax.ai can now connect directly to Payroll Integrations’ extensive network of payroll providers.
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Eliminates manual data collection from plan sponsors and payroll providers.
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Supports both 180 and 360 integration for real-time payroll and employee census data synchronization.
2. Automated Data Synchronization
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Real-time data transfers minimize manual entry and reduce errors and inconsistencies.
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Enhances compliance and operational efficiency by ensuring data accuracy.
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Improves overall plan administration workflows.
3. Cost-Effective & Scalable Solution
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TPAs can offer these advanced automation services without incurring additional costs.
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Increases efficiency and reduces the time spent on administrative work.
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Enhances value-added services for plan sponsors.
Executive Insights
Naru Muraleedharan, Founder and CEO of Stax.ai, emphasized the transformative impact of the partnership:
“This partnership aligns with our mission to drive innovation and deliver unmatched value to TPAs nationwide. By integrating Payroll Integrations’ robust API connectivity solutions, we empower TPAs to streamline operations, enhance data accuracy, and focus on delivering exceptional client service. Additionally, TPAs can now offer 360 integration between payroll providers and record-keepers, saving even more time for their plan sponsors.”
Doug Sabella, CEO and Co-founder of Payroll Integrations, highlighted the benefits of real-time automation:
“Our work with Stax.ai gives TPAs the tools they need to shift their focus from tedious, manual tasks to more strategic initiatives and enhancing clients’ experiences. With real-time access to payroll data directly in their workflows, TPAs will drive more efficiencies and data accuracy across all of their processes.”
This partnership between Stax.ai and Payroll Integrations represents a major step forward in automating payroll data collection and standardization for TPAs. By eliminating manual processes, reducing errors, and enhancing efficiency, TPAs can focus on delivering superior client service and driving innovation in retirement plan administration.
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