Infinisource Launches Human Capital Management Solution For Small to Mid-Size Companies

February 1, 2012

Tools

Cloud-based Technology Simplifies Workforce Programs for Employers and Employees

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Infinisource, a national leader in human capital management, today announced the launch of new technology to help small and mid-size companies take the hassle out of managing a workforce with a unified, easy-to-access platform called Infinisolved Human Capital Management® (HCM). It is the first expanded product offering since Infinisource received a majority investment from private equity firm Accel-KKR last fall to boost its growth and broaden its suite of products.

“We surveyed companies across the country and found that small to mid-size employers and their employees are struggling to find a way to simplify benefits administration and other workforce programs so they can focus on doing their best work,” said Infinisource CEO Gary Trainor.

“While big companies have seen some relief from fragmented workforce management programs, our new technology is designed specifically for small to mid-size companies, and it can scale up as companies grow so they don’t have to change software providers,” Trainor said.

Small and mid-size companies have traditionally had to work with multiple vendors and disparate systems to manage their benefits and workforce programs, requiring multiple sign-ons and complex navigation for users. Infinisolved changes that by combining all of the components of human capital management into one fully-integrated, single sign-on, SaaS-based platform accessible anywhere, anytime, and on any device. The services include human resources, payroll, benefits administration, talent management, time and attendance and compliance.

The cloud-based technology is backed by Infinisource’s industry-leading customer service and indemnification policy, so clients can trust their programs will be managed correctly. The company also has launched an enhanced website, www.infinisource.com, which describes the expanded product offering, includes live chat and gives access to the company’s wealth of expertise.

“The uncertain economy and changing health-care regulations make managing employees and their benefits more difficult than ever,” said Trainor. “Employers are juggling multiple systems, often entering duplicate data on outdated technology. This is particularly stressful for small and medium companies that may not have a sizeable human resources team.”

“Infinisolved will give these companies – and their employees – more control, power and peace of mind,” Trainor said.

Infinisolved includes everything employers need to manage their human capital from hiring through retiring. Employers can choose which services they want, and bundled-pricing can reduce their total cost of ownership.

Unlike most workforce software that is adapted for the web from traditional programs, Infinisolved was built exclusively for the web and offers faster, more intuitive tools that can improve employee satisfaction. This includes self-service technology for managers and their employees.

Managers can write performance evaluations, schedule work shifts, track work and vacation schedules, make compensation changes, and have real-time payroll previews – all on the same platform with a single sign-on. Employees can view pay stubs, enroll in benefits, and report life-change events such as births, marriages and divorces that can change their benefits choices.

Infinisolved also provides robust workforce analytics to help drive strategic decision-making and business success. Company leaders can instantly evaluate turnover, overtime and attendance data, helping to manage costs and optimize productivity.

In the future, Infinisource plans a new generation of programs to help employers administer training, track recruiting and applications, manage rewards and recognition, and offer 401K and IRA administration programs.

Infinisource recently announced its plans to establish its headquarters in Charlotte, N.C., where the company plans to hire about 160 employees and launch a division to support its new initiative. Infinisource already employs more than 200 people and will retain its offices in Coldwater, Mich., Ohio and Florida.

In addition to leadership in human capital management, Infinisource is often recognized for its compliance expertise and offers frequent online updates and seminars, helping clients reduce risk as they try to stay atop ever-changing regulations.

About Infinisource Inc.

Founded in 1986, Infinisource is a nationally recognized leader of Human Capital Management, including integrated benefits and compliance solutions. Infinisource offers COBRA Administration, Flexible Spending Accounts, Health Savings Accounts, Health Reimbursement Arrangements, Direct Billing, Premium Only Plans, HIPAA Privacy and Security solutions, an online eligibility and enrollment solution, and now Infinisolved®. The company has more than 1,200 broker relationships, 17,000 employer clients and 1.3 million lives on its benefits system. Infinisource continuously updates its offerings as regulations and employer requirements change. The company views delivering great service with great people as its number one priority. Infinisource is a leader in employment law, compliance and education. For more information, please visit www.infinisource.com.