
The Hackett Group, Inc. has teamed up with Oracle to launch Hackett Pay, a new managed services solution for Oracle Payroll. This innovative offering aims to support companies in optimizing their payroll operations through full business process outsourcing and access to The Hackett Group’s payroll best practices.
- Hackett Pay Overview:
- Comprehensive Support: Hackett Pay provides end-to-end payroll support, including wage payments, employee tax, wage garnishments, W-2 management, employee verification, tax credits, and unemployment claims.
- Oracle Endorsement: It is the first payroll-managed services offering recommended by Oracle in the market.
- Challenges Addressed:
- Resource Constraints: Jason Balogh of The Hackett Group highlights that growth and hypergrowth companies often lack the resources to effectively manage payroll, facing issues like legal compliance and accuracy.
- Impact on Employee Experience: Inefficient payroll management can negatively affect employee experience, making effective solutions crucial.
- Benefits of Hackett Pay:
- Enhanced Efficiency: Hackett Pay ensures accuracy and efficiency in payroll operations, handling everything from time files to tax compliance.
- Time and Error Reduction: Companies can save time, reduce errors, and focus on business growth by automating tasks and gaining valuable insights.
- Benchmarking Insights:
- Cost and Error Reduction: Digital World Class companies benefit from payroll administration costs nearly 88% lower and generate 67% fewer payroll errors compared to peers.
- Increased Outsourcing Investment: These companies allocate 30.82% more to outsourcing services, enhancing process efficiency through combined payroll and HR analytics.
- Oracle’s Perspective:
- Support for Oracle Payroll: Nancy Estell Zoder from Oracle expresses pride in offering Hackett Pay to customers, highlighting its ability to enhance operational excellence and customer experience.
The collaboration between The Hackett Group and Oracle brings forth Hackett Pay™, a robust managed services solution designed to streamline payroll operations, improve accuracy, and support business growth. This partnership aims to address common payroll challenges and offer companies a path to greater efficiency and effectiveness.