E-Dunction Inc - Compensation and Benefits - PAyroll Exchange benefit management service introduced - Brief Article

HR Magazine, Dec, 2002

E-Duction Inc. has launched Payroll Exchange, a new benefit management service that also offers an insurance-carrier integration option. Payroll Exchange is designed to help employers reduce the cost of implementing and reconciling employee benefits plans, and to give employers and benefits providers the ability to offer a wider range of options to employees.

Payroll Exchange allows employers to automatically calculate and record payroll deductions for employees, determine future deductions, and communicate the changes to both employee and employer. Payroll Exchange can eliminate the manual administration of payroll deductions and create payroll slots for the delivery of core and voluntary benefit deductions, which saves both time and money for employers.