Bond International to release cloud-based staffing and recruiting software
Bond International Software, a provider of staffing, recruitment, HR and payroll software, has announced that it will release cloud-based staffing and recruiting software products which will offer additional support for the Affordable Care Act, or ACA, to minimize the administrative burden of ACA-related tracking and documentation for staffing companies.
With the Affordable Care Act mandate driving a new and extensive list of tracking and documentation requirements for employers, staffing and recruiting companies need a way to effectively manage these requirements within their fast-paced, high-volume business environment. Importantly, they must do so without creating or significantly increasing costly overheads.
In response Bond International Software, Inc. has developed a unified software solution that provides the capability to manage ACA compliance while minimizing administrative expenses. Bond’s single system combines tracking eligibility and coverage dates, documenting communications with employees, processing payroll data, and delivering consolidated reporting for operational and governmental requirements for ACA administration.
Due to pending legislation and the proposed regulations challenging the staffing industry, Bond understands the importance of providing the flexibility needed today – as well as continued technology changes for the future. Therefore, in addition to the staffing software enhancements already implemented by Bond that are specific to the Affordable Care Act, ongoing updates for ACA administration will be provided within Bond’s established product release cycles to support these evolving requirements.
ACA-Related enhancements for Bond AdaptSuite Front and Back Office Staffing and Recruiting Software include: capability to track full-time employees that qualify for healthcare, employees who accept or decline coverage and/or if they are covered by another plan, begin and end dates, and measurement periods; manage ACA Details by Corporation/Tax Group by Calendar Year including Long Term Assignment and Eligible Hour thresholds; ability to flag wage codes as ACA Hours Eligible for inclusion in calculations; and perform and document specific actions that will drive workflow processes, calculations, follow-up activities, and reporting necessary for ACA Compliance.
ACA-Related enhancement for Bond Front Office Software only is to perform and document specific actions that will drive workflow processes, calculations, follow-up activities, and reporting necessary for ACA Compliance.
Upcoming enhancements for Bond Software include: additional reporting including Activity Auditing, Healthcare Exchange Notification Reporting, and enhancements to the Full Time Employee Report; and necessary updates as pending legislation is finalized.
Steve Taylor, Bond International Software Inc. CEO adds, “For staffing companies, managing ACA requirements efficiently is a critical regulatory necessity. These new enhancements to our products enable staffing companies to not only comply with ACA requirements, but do so in a manner that minimizes the internal administrative costs and burdens. This is a hallmark of Bond’s commitment to provide our customers with unified staffing software solutions that simplify tasks, reduce effort, and increase productivity and profits.”