From the October 2009 issue of Ceridian Connection.

Ceridian has earned the trust of payroll customers around the world by demonstrating the ability to handle complex payroll processes with accuracy, sensitivity and security. That's why many organizations also look to Ceridian to perform administrative duties and protect their organizations from fraud.

Funding services provide for movement of payroll funds automatically from your organization's bank account into a special trust bank account, where the funds are securely held until payroll checks are cashed.

Last year Ceridian customers' funds trust accounts handled $165 billion in the U.S. The peak daily balance was $4.5 billion. In Canada last year Ceridian handled CDN $92 billion. Ceridian's Canadian trust also handled about five million payments a month to employees, and the U.S. trust over four million monthly payments. In addition, both the U.S. and Canadian trusts made thousands of tax payments to tax authorities on behalf of Ceridian customers.

A quick way to reap real benefits
When Ceridian manages funding for all of your organization's payroll related liabilities, the benefits are very clear: you no longer have to manage your payroll bank account. You can quickly free up the time it takes to fund the bank account, like accounting, controlling and reconciling the accounts, and paying bank fees. For our HRO customers, Ceridian can even perform the required regulatory filing for uncashed checks.

When organizations use Ceridian funding services, Ceridian is accountable for all aspects of the process, making sure that liability amounts are accurately calculated, fully funded -- and most importantly of all, paid on time. It's one more way Ceridian delivers the highest quality results for your company.

Layers of strong controls
None of these advantages would mean much if Ceridian couldn't maintain the security of your organization's payroll funds. One key difference between Ceridian and other payroll providers is that Ceridian has established industry best practices around the handling of customer funds.

Ceridian Check funding service places clients' payroll funds in a special legal entity called a trust. Unlike some funding services, Ceridian's client funds are not commingled with company operating funds. In addition to the integrity of being segregated from operating funds, the trust is then surrounded with extensive financial and operating controls. This is the best way for Ceridian to confirm exactly which funds to pay precisely which liabilities.

Go ahead. Make life easier. Investigate Ceridian Check today.