Total Cost of Ownership

The benefits of a total HR, Benefits and Payroll solution that leverages as many facets of enterprise cloud computing as SynchSource does go beyond the flexible, adaptable, real-time and highly secure functionality it offers. The benefits also include significantly lower cost of ownership and use – a dramatically improved return on investment over legacy solutions and other SaaS only based offerings.

  • No infrastructure costs.
    SynchSource requires no new investment in any infrastructure. All software and infrastructure are hosted by us or are available by you through the partners in the SynchSource community, via the Internet, while being completely managed by SynchSource (the databases, platform architecture and similar frameworks).
  • Reduced manual touch points.
    Your organization will cut its costs for Total HR, Benefits and Payroll management and administration by saving time and improving accuracy. By leveraging our network computing model, you eliminate manual integration touch points among your cloud based applications. SynchSource architecture and real-time transactions also reduce reams of paper and the number of manual touch points in any chain of events and processing.
  • Constant upgrades and application expansion.
    Without added fees or costs, and with no IT hassles or network downtime, you can tap into the constantly evolving and expanding world of new applications and features as they become available from the SynchSource community.

Below are ways that specific SynchSource features reduce costs and increase ROI.

SynchSource Feature Cost-saving Attributes
HR Integrated Events
  • Self Service for employees and managers, and adaptable workflow, mean transactions and processes are completed in hours rather than weeks
  • Business Intelligence metrics are significantly improved to allow more informed, faster adjustments to processes and expenses
  • Reduces “out-of-synch” source data, in turn reducing error rates
Online Benefits Enrollment and Administration
  • Improves benefits information communication to employees
  • Improves accuracy of eligibility and enrollment processing and data flow
  • Improves billing and reconciliation
  • Reduces Call Center volume
Business Intelligence
  • Eliminates need for overpriced data warehouse solutions
  • Eliminates BI data integration costs
  • Produces real-time, accurate data
 
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