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OneSource family of companies The Next Generation of HR/Benefits Solutions Seamless Service Provider (SSP) agenda How can your business manage vendors more effectively? How can your business reduce costs associated with payroll, pension and employee benefits? How can your business grow without additional overhead? How does technology make you more efficient and keep up with ever expanding laws, regulations, and more… three decades of HR services experience 2010: Acquired nSYTE COEUS 2009: Workday Partnership for COBRA, Tax, Payroll, and Time and Attendance 2008: 400 Clients System Wide Sales $450 million, Named Top ASO/PEO by Black Book for Second Time 2007: Named Top ASO/PEO by Black Book & Consulting Business Was Added 2004: Odyssey OneSource Brand Established 2002: Carl Kleimann, President Odyssey OneSource, Named President of NAPEO 2002: Entered into Non Co-employment ASO Market 1990: Founding of Odyssey Group 1980: Co-Founder. Gwen O’Connell breaks into the pension industry, a year after ERISA enacted Vestus Group’s family of companies VestPay, LLC - payroll and HR solutions. Vestus Insurance Group, LLC - risk management consulting and insurance brokerage. Vestus Technology Group, LLC – ONEsource Technology HUB, IT consulting and support. Vestus Pension Consulting, LLC – pension design, administration, and recordkeeping. Vestus Wealth Management, LLC – Full service firm: estate, retirement income, tax, and succession planning. • Corporate roots date back to 1980 • Seasoned management team with over 80 years of combined experience Vestus Group • Privately owned and operated • Debt free Vestus Group’s partnership with HR industry leader 2009 TOP 10 PEO / ASO cvcvc RANK VENDORS 1 Odyssey OneSource 2 Avitus cvcvcGroup 3 SOI 4 Total cvcvc Team Solutions 5 Staff Resources, Inc. (SRI) 6 MBA cvcvc 7 Accord 8 Adams cvcvcKeegan 9 Coadvantage 10 Doherty Employer Services cvcvc Odyssey OneSource Ranked No.1PEO/ASO Provider in the country for three consecutive years The Black Book of Outsourcing is an independent and unbiased report that evaluates leading outsourcing service providers on 18 key performance areas of operational excellence. For three consecutive years, Odyssey has ranked as the No. 1 provider in the PEO/ASO Outsourcing category. Vestus Group’s partnership with HR industry leader Odyssey OneSource also ranked among the top 10 Human Resource Outsourcing (HRO) providers for the second year in a row. Odyssy OneSource ranked No.1 in these categories CRITERIA 2009 TOP 10 HRO cvcvc RANK 1 VENDORS Ceridian Vendor overall preference/vertical industry recommendations Trust Deployment and outsourcing implemen Customization 2 ING cvcvc 3 SOI Reliability 4 Towers cvcvc Watson Brand image and marketing communications Marginal value adds 5 Hewitt Viability 6 Mercer cvcvc 7 8 9 10 Integration and interfaces Support and customer care Best of breed technology improvement Hay Group Fidelity cvcvc Odyssey OneSource cvcvcACS Odyssey OneSource has consistently ranked No. 1 in 11 of the 18 key performance categories. Odyssey continuously works to improve and exceed the service provided to its clients. what is SSP? • What is Seamless Service Provider (SSP)? • Integration of vendors, technologies, and processes in an environment that provides one point of entry and one point of contact for all employer related needs in an a la carte platform • Vestus ONEsource platform represents the single most efficient and costeffective solution for your daily business needs. •Improve efficiency and streamline HR processes through vendor consolidation. •Flexible HR services customized to our clients business needs with additional services available as our clients grows. •SaaS based HR system utilizing current technology. SSP: efficiency in transactional processes with HR on-demand • • • • • • • Payroll with Pension Integration Tax Filing Time and Attendance Pension Consulting & Investment Management Risk Management Insurance Services Employee Benefits • • • • Health Insurance Supplemental Insurances FSA/HFA COBRA • • HRIS/HRMS Custom HR Consulting • • • Optional Online Training Network HR Help Desk Benefits Administration • • • • • • Online Enrollment Platform Bill Reconciliation Manage adds/changes/deletes Seamless COBRA integration Carrier Connections Included Optional Benefits Call Center Solutions provided through our SSP platform Vestus ONEsource Why are more and more organizations considering this model to deliver employer related services to their organizations? Why an SSP? One Point of Entry One Point of Contact Payroll Integration True Cost Containment Flexibility Scalability HR Vendor Management Benefits Integration Automation of routine tasks • Expertise : Run wiser… • Think access to subject matter experts in the employer services field • Think assurance that the decisions you make are in compliance • Think knowledge • how is our SSP relevant Service today? : Run better… • Think less vendors to engage • Think more comprehensive knowledge of your account • Think ONE point of contact • Technology : Run faster… • Think single entry system • Think workflow, standardization, and automation • Think always in compliance with new regulations and laws top reasons for outsourcing HR services and market trend: Chart Title Axis Title Relief from regulatory/administrative burdens Realign resources/focus on strategic HR priorities Improve Service Quality 2006 Access to outside expertise 2009 Opportunity for cost savings 0% 20% 40% 60% 80% Axis Title Source: Hewitt’s HR Outsourcing Trends and Insights 2009 Survey Report • Vestus ONEsource = platform to manage employees from hire to retire • Custom HR/Benefits solutions • Certified SPHR/PHR Professionals on-staff • QPA and AIF on staff for expert pension consulting • Dedicated Client Service Representative (CSR) Unique Competitive Advantages unique service model design Benefits Administration (SME) HR Consulting Risk Management Time & Attendance SME CSR Payroll (SME) 401K (SME) *Subject Matter Expert (SME) • Single database for HR, Payroll, Pension, and Time and Attendance : Easy, consolidated reporting across all of these functions : Eliminates patching reports together for a complete picture • Employee and Manager Self Service : Automate workflow : Eliminate paper and manual entries • Applicant Tracking Solution • : Quickly source the right candidates : Identify where your best recruiting dollars are spent • Benefits Administration • : Online enrollment : Management of changes : Communication to carriers : List Bill Reconciliation technology HUB • Extremely robust and customizable architecture : Accommodating even the most complex situations : Easy to use and navigate Technology HUB • Deployed in Software as a Service (SaaS) environment: : Web based, 24/7 access from anywhere with an internet connection : Never out of date : Upgrades provided at no charge : Compliance with new regulations assured By integrating the Payroll and Pension we can us some of the Pension Administration fees to offset some or all of the basic cost of payroll. Basic Payroll includes: • Payroll processing • Tax withholding and filing • Tax Filing • Federal • State • Local • W-2 Processing • Self Service Employee/Employer Integrated Payroll & Pension