Stax.ai, an artificial intelligence-driven workflow automation platform for retirement third-party administrators (TPAs), announced on March 25 a new partnership with Payroll Integrations, a company that connects payroll providers with benefits providers.
TPAs using Stax.ai can now connect directly to an extensive network of payroll providers through Payroll Integrations to automatically collect and standardize payroll and employee census data in real time.
“TPAs can spend hours on administrative work as they send emails back and forth between plan sponsors and payroll providers to manually collect payroll data at year end. And once they receive the data, they’re typically entering and reformatting it manually into their system, which can lead to incorrect deductions or inconsistencies. The disproportionate amount of time that TPAs spend on administrative work can take their focus away from working on more strategic projects and enhancing experiences for their clients,” Scottsdale, AZ-based Stax.ai said in a media release.
Stax.ai and Payroll Integrations now automate these time-consuming processes for TPAs as they manage retirement plans for hundreds of companies. The TPAs that use Stax.ai to support more than 120,000 plan sponsors can connect to Payroll Integrations’ network of payroll providers to automatically collect, enter, and standardize clients’ payroll and employee census data. Payroll Integrations has pre-built integrations into the largest and most widely used payroll companies and benefits providers in the U.S. so TPAs can connect with the providers that plan sponsors work with to access the data they need, when they need it. This eliminates manual administrative hassles for TPAs and ensures reliable and accurate data, Stax.ai said.
Additional details of the new partnership include:
- Seamless integration: Plan sponsors can now connect with a wide array of payroll providers through the Stax.ai Client Portal, offering both 180 and 360 data integration options—supported by Payroll Integrations.
- Automated data synchronization: Real-time data transfers ensure accuracy, reduce manual entry, and minimize errors, enhancing compliance and operational efficiency.
- Cost-effective solutions: TPAs can offer these advanced services to plan sponsors without incurring additional costs, adding significant value to their offerings.
“This partnership aligns with our mission to drive innovation and deliver unmatched value to TPAs nationwide,” Naru Muraleedharan, founder and CEO of Stax.ai, said in a statement. “By integrating Payroll Integrations’ robust API connectivity solutions, we empower TPAs to streamline operations, enhance data accuracy, and focus on delivering exceptional client service. Additionally, TPAs can now offer 360 integration between payroll providers and record-keepers, saving even more time for their plan sponsors.”
“Our work with Stax.ai gives TPAs the tools they need to shift their focus from tedious, manual tasks to focus on more strategic initiatives and enhancing clients’ experiences,” added Doug Sabella, CEO and co-founder of Payroll Integrations. “With real-time access to payroll data directly in their workflows, TPAs will drive more efficiencies and data accuracy across all of their processes.”
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