Contingent Workforce Solutions
The Synergy Difference
By entering in to a back office partnership with Synergy, companies realize the following benefits:
Improved cash management
Because a Synergy partner is not responsible for payroll, invoicing and/or collectibles, they are better able to utilize their cash reserves for future investments and avoid tying up cash in the form of working capital. In addition, Synergy does not charge for the cost of funds. This allows our partners to save the cost of obtaining those funds themselves.
Minimize employee liabilities
Synergy maintains a number of business insurances including but not limited to professional liability, general liability, Workers’ Compensation and non-owned auto insurances. As the legal Employer of Record, Synergy also assumes any liabilities associated with Workers' Compensation and unemployment claims, in addition to managing the entire claims process on your behalf.
Eliminate administration costs
Synergy manages the entire administrative life-cycle from enrollment and timesheets to payroll processing, billing and collections. In addition, Synergy provides partners and contractors with 24/7 customer service to answer questions and settle any payroll discrepancies. Costs for these services to administer internally can range from 4-7%.
Increased revenues and flexibility
Synergy offers its partners a competitive rate structure and flexibility to maximize value to the partner, the contractor and the client. Whether you want to directly invoice your client or have Synergy perform this function on your behalf, Synergy is prepared to create the optimal arrangement for serving your clients needs.
