Checks ? Here Today, Here Tomorrow Visa and ... - The Green Sheet

Page 33
“Legacy systems don’t need to get rid
of the beast, just the headaches of
the beast. We can tie into anybody’s
systems.”
— Billy Meadow
Chairman/Founder of Payformance
ISOs included. These proprietary products and services
enhance the ability to create payroll, payables and receivables
that involve printing and mailing of paper documents
as well as electronic payments. Payformance efficiently
automates these processes.
“Instead of scurrying around when it comes time to do
payroll or pay bills or send invoices, printing up checks,
putting on postage or packing paper into FedEx packs,
they click a mouse, hit our software and we turn the data
we receive into actual paper checks and invoices,” says
Billy Meadow, Chairman/Founder of Payformance.
“Companies no longer are running the paper factory – we
are.”
Payformance offers three payroll options. Companies can:
• Print the checks locally using Payformance software.
• Utilize Payformance’s service bureau over a wide area
network through the Internet, sending data to
Payformance, which, in turn, sends out their checks.
• Totally eliminate paper. The customer sends
Payformance a deposit file directly, and it is transformed
into a payroll e-mail. Payformance provides a Web page at
the service bureau Web site, where employees get an automated
pay stub. Companies log on via passwords to a
secure page that displays their private payroll records. Any
system is adaptable.
“Legacy systems don’t need to get rid of the beast, just the
headaches of the beast,” Meadow says. “We can tie into
anybody’s systems.”
Payformance sees the big picture as seamlessly moving
data from one system to another, and it has successfully
interfaced to virtually every major accounting system as
well as numerous legacy systems. Installation and operation
is completed in less than a month for most customers,
and the average turnaround time is about eight days for
these key, value-added services.