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NelsonHall Launches “Speed-to-Source” Vendor Evaluation Tool for Payroll Outsourcing
posted on Jul 30, 2014 by Gary Bragar
The NelsonHall Vendor Evaluation and Assessment Tool (NEAT) for Payroll Outsourcing is now available to NelsonHall clients, and is also available for a period free-of-charge to buy-side organizations through NelsonHall and through its partners SIG and SSON.
The NEAT tool for Payroll Outsourcing is part of NelsonHall’s “speed-to-source” initiative. The NEAT tool sits at the front-end of the vendor screening process and consists of a two-axis model, assessing vendors against the following:
- Their ability to deliver immediate benefits to clients
- Their ability to meet clients' future requirements.
The vendors are scored against a wide range of criteria, establishing a number of scenarios, each representing a different business situation or client business need. In addition to a comparison of overall vendor capabilities, the tool evaluates their capabilities in a number of payroll client buying behavior market segments including:
- Employee experience improvement
- Multi-geography payroll
- Payroll cost reduction.
To add further value in applying the NelsonHall analysis to their specific business situations and requirements, buy-side organizations can input their own weightings and tailor the payroll outsourcing NEAT tool to their requirements against 37 vendor evaluation criteria. So they might say: "This set of weightings for multi-geography payroll looks about right to me but I want to place more emphasis on application of payroll platform technology and support for new country entry." This enables sourcing managers to use NelsonHall's payroll outsourcing NEAT as an interactive tool via the web and tailor the criteria used to meet their own specific sourcing requirements.
The NEAT analyses are based on a combination of vendor and client interviews. The vendors are scored against a wide range of criteria, establishing a number of scenarios, each with different weightings to represent a different business situation or client business need.
Suppliers of payroll outsourcing services covered by this NelsonHall Vendor Evaluation and Assessment Tool (NEAT) include ADP, Aon Hewitt, Capita, Ceridian, Cloudpay, Genpact, HP, Infosys, MidlandHR, NGA HR, SafeguardWorld International, SD Worx, Sopra HR Solutions, and Talent2.