Payroll Tax Management Announces Improved Billing Structure
Client Input Drives Software Developer's New Money-Saving Price Plan
SANTA ANA, Calif., Nov. 06, 2018 /PRNewswire-PRWeb/ -- In response to input from their clients, Payroll Tax Management™ is simplifying the billing process for FlexTax™, its flagship software product.
"We made changes that are the direct result of listening to our clients, who told us what we could be doing better to make their billing processes pain-free," said Summer Poletti, PTM's Vice President of Sales.
The new plan will make it easier for clients to budget, with an easy-to-read invoice and a simplified fee for each end-user client.
According to Poletti, the retooled process will give clients the transparency they need to simplify their pricing structure and ensure that they are charging their clients enough to cover all costs.
The previous process, Poletti said, didn't give clients enough visibility into how FlexTax costs grew as business grew. "People didn't understand how much they might pay us each month, and for each client, and it was difficult for prospective clients to budget properly," she said. "It was difficult to determine if they were charging their clients enough to cover all costs."
Pricing that Gets Even Better as You Grow
Fees are not increasing under the new process, and in fact, clients will save money with PTM's services as their business grows.
"We restructured pricing in order to simplify the invoice process," said Poletti. "It's not intended to increase fees and in fact, is designed to give a growing company price breaks as they increase their volume with us. It grows with you, so you can make more profit off payroll tax processing services because the cost per client decreases the bigger you get."
Simplified Fees, Easier Budgeting
The new pricing plan will also make budgeting easier with a simplified fee for each end-user client and tiered pricing so licensees will know exactly what they're going to pay for every client each month and can benchmark their growth.
"We're hoping this alleviates some headaches," said Poletti.
Immediate Rollout
The new pricing will go into effect for new clients immediately. Existing clients will migrate to the new pricing starting this month.
PTM's Unique Role in the Industry
FlexTax allows PTM to occupy a unique niche in the payroll industry, combining elements of an outsourcing service with the elements of tax software.
"There's software as a service (SaaS) out there on the market, and we liken FlexTax to software with a service," Poletti said. "It's software licensing with a service-related component, which we don't typically find in the industry."
More than just a software developer, PTM also provides its clients with additional services, licensing FlexTax to companies that control client-facing aspects of the payroll and tax functions, and acting as a back-office tax processing center, providing services that include scheduling and remitting tax payments, preparing and filing tax returns, auditing, and tax impound account reconciliation.
About Payroll Tax Management (PTM)
PTM provides payroll tax expertise and compliance to companies nationwide. Part of the Financial Business Group (FBG) Holdings family of companies, PTM helps administer the total compensation process along with two of its sister companies:
- Cachet Financial Services is a leading provider of automated clearinghouse (ACH) payroll processing and other directly-related services for the payroll industry
- Time Rack provides an industry-leading web-based time and attendance solution scalable to any organization's needs
FBG Holdings is a financial service conglomerate made up of four companies serving the payroll industry and employers across the U.S. More at https://www.fbgholdings.com
SOURCE Payroll Tax Management
Share this article