CheckPoint HR secures funding
CheckPoint HR, an administrative service organisation that offers medium-sized organisations an integrated human resource management system (HRMS) for payroll services, human resources, and benefits administration, has secured a $7.6 million investment from Edison Venture Fund, says Market Watch.
The proceeds of the investment will be used to expand sales, marketing, development and services, plus provide shareholder liquidity.
"CheckPoint HR looks forward to collaborating with Edison Venture Fund on our aggressive growth and expansion plan," said Tim Padva, CEO, CheckPoint HR. "Our Web-based, integrated HRMS technology platform combined with our group health insurance services through the Wilshire Group, offers companies an innovative alternative to the standard payroll service and will assist them in centralising their vital business functions."
First Citizens Bank selects CompuPay
CompuPay, a provider of payroll, tax filing and HR-related services, has been chosen as the preferred payroll provider for business customers of South Carolina-based First Citizens Bank, a subsidiary of First Citizens Bancorporation, a bank holding company with more than $6.5 billion in assets and 170 banking centres throughout South Carolina and Georgia, reports Market Watch.
The new relationship with CompuPay will give First Citizens' business customers access to CompuPay's array of payroll services, which include processing by PC, phone, fax or Internet.
Additionally, these customers can take advantage of a number of CompuPay's selection of 'after payroll solutions' and human resources services.
Sage releases HR solution update
Sage Software has released Sage Abra HRMS 8.4, the latest version of the company's Microsoft SQL Server-based human resource management system for mid-sized businesses and organisations in North America, states Market Watch.
The new US payroll module includes expanded capabilities, like support for step rates and variable pay plans, to further support the payroll processing needs of US-based businesses and organisations in such specific industries and categories as unions, manufacturing, government, and others.
New veteran tracking capabilities help government agencies hiring veterans as federal contractors to comply with new reporting requirements, while new online recruitment functionality can help employers fill open positions more quickly.
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