As hospitals move to be "greener" and save on paper waste, ePay allows hospitals to transition their pay stub information to an electronic format. You will be able to instantly provide your employees with their pay stubs online, send them broadcast alert messages, and run reports on usage.
ePay is a secure, user friendly, web-based tool that empowers employees to view their current and/or past pay stubs from a web browser. With ePay, your company can realize instant cost savings versus traditional paper based systems.
Electronic pay stubs significantly reduce operating expenses related to printing and delivering payroll stubs, while enhancing the direct deposit services that your company already provides employees.
Experts agree implementing the right electronic pay stub solution will result in substantial cost savings. The average cost of printing a pay stub for one employee is $1.90 per pay period plus postage and materials. While costs vary, this is a conservative estimate that does not include the expense of storage, replacement stubs, etc. ePay reduces your cost of pay stub administration.
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One example, Northeast Health, Troy, N.Y. provides online direct-deposit notification and no longer prints and mails pay stubs. “When you consider that we have 4,000 employees and 26 pay periods, that saves us about $40,000 per year,” Baldwin says. “It’s good for the employee and good for the organization.”
ePay provides employees password-protected access to their current/historical pay stub information. This allows employees to examine current pay period information, review pay history, and provide information to agencies requiring employment verification.
Key Benefits
- Direct Access of MEDITECH data
- No costly interfaces to integrate
- Industry standard solution built with Microsoft.Net
- Extremely fast data access and retrieval
- Incredibly flexible
Satisfied Users
New England Baptist Hospital piloted the new Payroll web application in April 2009 and rolled it out hospital wide in May 2009. Allowing employees to enroll in ePay, instead of with paper forms, cut time and costs. As of May 2009, paper paychecks are history at New England Baptist Hospital. Paper checks have been replaced with electronic direct-deposit only and employees can view their pay stubs online with ePay. New England Baptist Hospital expects to save more than $1,000 per month moving to this new platform.
With ePay, your organization can save money and paper while seeing improved employee satisfaction.