Businessolver’s Closed Loop Payroll ensures payroll accuracy by comparing payroll system deductions with those recorded in Benefitsolver, closing the loop between expected and actual deductions. Administrators can import deduction reports, identify discrepancies, and access a payroll dashboard with full transparency, historic file views, and Excel export capability. This process prevents incorrect coverage amounts from being deducted and includes HSA functionality to adjust contributions across remaining pay periods. By increasing accuracy and efficiency, Closed Loop Payroll saves organizations an average of $2.50 per employee per month.

Join for free to read