Start-up Leaps Over Second Stage Obstacles Using Human Resources
Outsourcer, SingleSource
JACKSONVILLE, Fla. (Business Wire EON/PRWEB ) April 13, 2007 --
SingleSource's leading-edge technology is credited as the key
foundational strategy helping a Jacksonville startup grow from five
employees to more than 40 employees in less than three months.
Dow Capital Funding, a progressive wholesale lender with its core
business technology in place, sought a cost-effective outsourced human
resource solution without further investment in its infrastructure. The
answer came in the form of online tools to manage people from
SingleSource Services Corporation.
“There is no doubt in my mind that SingleSource’s
technology and support has saved our company countless man hours
required to administer a growing employee group,”
said Mark Duffy, Dow Capital Funding chief operating officer. “And
what’s more, the entire system, with its
integrated functionality, guides us through complicated HR compliance
issues.”
Dow Capital Funding employees log in through a secure portal using any
standard Web browser, whether at home or in the office, to access
employee programs and services including a time clock, request time off
and benefit enrollment. These programs automatically link to SingleSource’s
discounted payroll solution. The same system also includes applicant
tracking and a pre-employment screening service performed by
SingleSource staff.
“Dow Capital Funding, like SingleSource, is a
technology-driven company,” said Paul M.
Meese, SPHR, SingleSource vice president of client services. “We
had them up and running within two weeks, clearly surpassing the
industry standard of three to six months.”
Because SingleSource’s online tools are
affordable, scalable and flexible, Dow Capital Funding plans to add
services as needed. In the long-term, SingleSource will continue to
partner with Dow Capital to establish a strategic human resources model.
“When they’ve
grown enough to need an HR department, the HR director will have the
appropriate systems in place in order to focus on employee development
and retention activities with a relatively small administrative burden,”
Meese said.
“In my mind, we found the sole-source
provider for every transactional task related to HR –
and believe me, we looked,” Duffy said. “As
a result, we’ve completely avoided the
typical obstacles experienced by growth companies like ours.”
ABOUT DOW CAPITAL FUNDING: Dow Capital Funding Inc. is a
progressive wholesale lender formed in 2006 by a group of individuals
with banking, mortgage lending and investment backgrounds. This “next
generation” mortgage company combines lending
expertise with cutting edge technology to create a lithe, nimble,
responsive company. The company offers a range of products, competitive
rates and an intuitive customer interface. On the Web at www.dowcapfund.com.
ABOUT SINGLESOURCE SERVICES: SingleSource, a privately held,
multi-million dollar enterprise in Jacksonville Beach, Fla., serves more
than 850 organizations nationwide with its comprehensive suite of online
tools to manage people. In addition to background screening and drug
testing, these tools help employers recruit, track applicants, assess
talent, process payroll, manage employment-related records, administer
benefits, and generate reports. On the Web at www.SingleSourceServices.com.
See the original story at: http://eon.businesswire.com/releases/singlesource/dow_capital/prweb518540.htm
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