New Website and Business Solution Programs Puts Insurance Professionals on the Offensive in Efforts to Combat the Intrusion of Giant Payroll Companies into the Insurance Market
Apex, NC – November 17, 2014 – Polaris Payroll™, a provider of SaaS On-Demand Payroll Processing and Human Resource solutions to Payroll Service Bureaus (PSB) and other providers, continues to leverage its Software as a Service (“SaaS”) On-Demand technology platform by announcing the launch of the Insurance Payroll Exchange™ (“IPX”) which includes a number of turn-key payroll services offerings that can be added to an insurance provider’s list of existing products and services on a Private Label basis.
Over the past few years, Insurance Agencies and Brokerage Firms have seen the erosion of their client base and market share through the aggressive efforts of large national payroll providers. And, with recent acquisitions and VC funded entries into the marketplace, the trend will surely continue, if not accelerate.
There is an obvious need in the market to level the playing field for insurance agencies and brokerages, but since most Insurance firms do not have payroll expertise in-house, their options have been limited. To fill this void, the Insurance Payroll Exchange™ has been developed to provide complete turn-key solutions for insurance agencies and brokerage firms to add profitable payroll services to their offerings.
“We designed solutions within IPX™ that go far beyond what a typical partner relationship offers,” states Matt Minafo, Director of Marketing. “Sure, a partnership with a payroll provider is a good way to prevent some clients from leaving, but we also wanted to offer solutions and options that provided more powerful tools to our clients; not only to protect their book of business, but actually to enable each the capability to grow a sustainable and profitable payroll service offering along with their existing insurance products.” The Insurance Payroll Exchange™ offers programs specifically designed for the Insurance industry, providing back office operational services using our cloud-based proprietary payroll software platform.
Phase 1 of IPX™ will offer three alternative business solution programs, all of which will include private-labeled payroll and tax processing services, marketing materials and support, payroll education and sales training, and more. IPX™ includes multiple options that are designed to provide the right fit for where any agency or brokerage is positioned today, while providing the opportunity for growth to go where they want to be tomorrow. “We are excited about the possibilities as we grow the exchange and move forward,” concludes Minafo.
About The Insurance Payroll Exchange™
Empay Systems, LLC (Polaris Payroll™) is a software development company and leading provider of Software as a Service (SaaS) Payroll Processing and Human Resource solutions and outsourced payroll services that are deployed in a Cloud Environment. The company was founded in 2004 and is headquartered in Durham, North Carolina. For more information, visit http://www.inspayx.com.
TEL: 866-620-9372 Ext 701