Experts agree implementing the right electronic pay stub solution will result in substantial cost savings. Based on research by NACHA (National Automated Clearing House Association), the average cost of printing a pay stub for one employee is $1.90 per pay period. This equates to $49.50 per employee for 26 pay periods. Therefore, a company with 500 personnel spends approximately $25,000 per year just to validate payroll via pay stubs. While costs vary, this is a conservative estimate that does not include the expense of postage or storage. ePSS will reduce your cost of pay stub administration by 50% or greater through:

• Eliminating paper cost i.e., forms, envelopes, and other paper goods
• Substantially reducing printing cost of the pay stubs, envelopes, etc.
• Greatly reducing postage to mail the pay stubs
• Lowering time and costs required to reproduce lost pay stubs
• Minimizing the time expended by payroll and administrative personnel to manage pay stub activities
• Reducing storage costs, no more paper documents to store, everything will be electronic