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OneSource Virtual - Payroll Services
Vendor Analysis
published on Aug 09, 2016
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Report Overview:
OneSource Virtual is a privately owned U.S. based business, providing BPaaS services exclusively through the Workday platform.
Who is this Report for:
NelsonHall’s payroll services vendor assessment for OneSource Virtual is a comprehensive assessment of OneSource Virtual’s payroll service offering and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of payroll outsourcing and identifying vendor suitability for payroll process outsourcing RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the support services sector
- HR and payroll decision makers.
Scope of this Report:
The report provides a comprehensive and objective analysis of OneSource Virtual’s payroll outsourcing offering, capabilities, and market and financial strength, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization including the location, size and scale of delivery locations and their activities.
Key Findings & Highlights:
Founded in 2008, it has ~769 employees and is headquartered in Dallas, Texas. Services offered to clients include Workday deployment, HR outsourcing, finance and accounting outsourcing, and IT services.
It has ~420 clients, of which ~77% include payroll services. From a payroll perspective, OneSource Virtual processes ~1.5m payslips per month, across ~325 clients; this equates to ~945k employees paid.
Managed payroll services and payroll administrative services represent ~8% and ~67% of its payroll business respectively, with the remaining business generated from settlement services (services include check writing and tax lodgments, treasury management, W2 and T4 printing).