ALTERNATIVE PAYMENTS AND RECONCILIATION
One of the most difficult pieces of administering employee benefits is carefully entering each employee's deductions and reconciling the invoices every month. We have partnered with third-party administrators to help alleviate this burden. Below are some of our proven methods to make benefit payments less of a burden for your payroll team.
SPLIT DIRECT DEPOSIT
By allocating voluntary benefit premiums to an escrow banking account that is attached to each individual employee, we can simulate a payroll deduction without the need of a deduction slot. Interested? Reach out today to learn more!
INVOICE RECONCILIATION
Does your accounting team need assistance with reconciling invoices? Team up with Paramount and we can make sure that every invoice is paid accurately.
ACH
PAYMENTS
Want to offer voluntary benefits but don't want to be liable for payments? By utilizing our ACH Payments, we can bypass payroll deductions completely and have the premiums come directly from the employees bank accounts.