The Client:
The client is a consulting company located in the United Kingdom that runs an association of consulting agencies with over 25,000 contracted employees. After years of partnership, we now provide end-to-end solutions to serve this client.
The Challenge:
Our client had difficulties processing the timesheets of the contracted employees on time due to the high rate of registration and attrition. Additionally, most of its time and resources were invested in collecting funds from the associated agencies. This meant that the client’s ability to maintain payroll-related activities was affected, consequently damaging its relationship with contractors and agencies.
The Solution:
The client approached Vee Technologies to devolve most of its important payroll processes, including the maintenance of individual contractors' timesheets and expense details.
In order to simplify the process of organizing all of the contracted employees, our team of subject matter experts created and implemented a revolutionary online platform. This platform features many options for each contractor to maintain their account, including updating their timesheet or reviewing their payment and tax details.
Our efficient way of managing operations resulted in increased client confidence, as the company handed over its entire funds allocation process with direct access to its bank accounts. The client also migrated its payment and disbursement processes to us.
The online platform allows account managers to handle operations efficiently and at the convenience of the contractors. Our client collects the payments from the agencies and allocates the payments directly to the contractors in a timely manner while maintaining meticulous bookkeeping for them. In many scenarios, our client pays the contractor first and then collects the payment from the agencies thereafter. At the end of the year, the client files taxes on behalf of the contracted employees.
The Results:
By partnering with Vee Technologies, the client no longer needs to worry about processing timesheets or collecting funds from the associated agencies. We expertly provided a solution to the issues the client faced in a short timeframe and with 100% accuracy. Now, the client has reduced the number of account managers necessary to operate the business, meaning that the in-house managers can concentrate on their core business activities.
With the help of Vee Technologies, the client realized cost savings of 45% while enjoying a high-end output that would benefit the company for years to come.
