“Having real-time access to current employment and income data not only helps small and medium businesses stay focused on growth, it can help speed up credit and benefit decisions for their employee consumers,” Joe Muchnick, SVP of Alliances for Equifax
HOPKINTON, Mass. (PRWEB) November 13, 2019
PrismHR, the leading HR technology software powering payroll, benefits and HR for small- and medium-sized businesses across the U.S., today announced the integration of The Work Number® service, from Equifax, within the PrismHR platform. The integration permits access to the industry-leading, centralized repository of employment and income information in the U.S. to PrismHR HR outsourcing partners.
PrismHR HRO partners and their small business customers can now use The Work Number service to securely and instantly deliver employment and income verifications to lenders and government agencies, reducing workload and risk of fraud and inaccuracy for service providers and increasing response time for inquiries on behalf of employees.
Verifications for employment and income status can be triggered by a variety of employee transactions, including home purchasing and refinancing, renting a property, buying a car, applying for a loan or credit or applying for government benefits.
“Our new partnership with Equifax reduces the workload and risk for HR service providers and improves opportunities for credit and government benefits for employees,” said Tim Pratte, Vice President of Customer Success at PrismHR. “We’re thrilled to be partnering with an industry leader like Equifax and to offer The Work Number to our HRO partners.”
“We are delighted to connect PrismHR customers to the benefits that The Work Number brings to the HRO marketplace,” said Joe Muchnick, SVP of Alliances for Equifax. “Having real-time access to current employment and income data not only helps small and medium businesses stay focused on growth, it can help speed up credit and benefit decisions for their employee consumers.”
The Work Number from Equifax is available to all PrismHR HRO partners through PrismHR Marketplace. The service is able to automatically respond to employment and income verification requests directly by using payroll information already managed by the PrismHR platform.
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass. For more information, visit http://www.prismhr.com.
Equifax is a global data, analytics, and technology company and believes knowledge drives progress. The Company blends unique data, analytics, and technology with a passion for serving customers globally, to create insights that power decisions to move people forward. Headquartered in Atlanta, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 11,000 employees worldwide. For more information, visit Equifax.com and follow the company's news on Twitter and LinkedIn.