Financial Services Industry
Industry: Email Alert RSS FeedHartford uses Web for workers' comp.(Technology)(Hartford Financial Services Group Inc.'s XactPAY)(workers compensation)(Brief article)
Best's Review, May, 2008
The Hartford Financial Services Group Inc. has launched XactPAY Web, a QuickBooks Silver Certified product that alleviates the burden of manually monitoring cash flow issues associated with workers' compensation payments for policyholders of the Hartford. Once The Hartford's workers' compensation policy is issued, insureds receive a log-in and password, allowing them to download and install the XactPAY Web utility on their PC.
The utility automatically takes the payroll information generated by their QuickBooks Payroll program and securely transmits the data to XactPAY Web. Based on that data, their workers' compensation premium is calculated and automatically withdrawn, given prior approval, from the business' bank account via electronic funds transfer. There is...
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