Many PEOs do not have a clear understanding of their current performance, internal risks and growth projections. Evaluating the financial and operational data will lead to more informed and quicker decisions, but it can also seem like a daunting task. Common Challenges PEOs Face with Their Data From our experience,
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Service Organization Control (SOC) Reporting for PEOs
SOC Reporting will help your organization gain a competitive advantage by validating the efficiency and effectiveness of your internal controls, identifying areas of improvement and improving financial reporting integrity. Why is SOC 1 Reporting important? PEOs should regularly assess and address risks faced by customers related to financial reporting, compliance
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Acquisition Integrations: Avoid these Common Challenges to Ensure a Smooth Transition
With changing economic and market conditions over the course of the previous ten years, the Professional Employer Organization (PEO) industry has gone through some significant changes. According to a 2013 IBIS Report on the PEOs in the US, “The industry has recently experienced a period of increased mergers and acquisitions
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Software Conversions: Your Software is Only as Good as Your Preparation and Processes
In honor of the upcoming NAPEO conference, our blog will feature a series of topics related to the PEO industry and share what we’ve learned through our experiences. As you look to grow your business, you may need to undertake a software conversion due to an acquisition or a need
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