MINNEAPOLIS, MN --(Marketwired - December 01, 2015) - Ceridian announces the results of a business impact study conducted by Nucleus Research: Ceridian Dayforce ROI Case Study: ACCO Brands . Nucleus Research examined and evaluated ACCO Brands payroll and HR processes to better understand the benefits, costs and risk mitigation associated with Dayforce Human Capital Management. ACCO Brands has been using the Dayforce HCM solution for 1.5 years.
"Ceridian's award-winning cloud-based solution, Dayforce HCM shows an ability to adapt to and keep pace with the complex needs ACCO Brands exhibits around payroll and HR," says Brent Skinner, principal analyst covering HCM at Nucleus Research. "Moving modern HCM technology in the cloud can yield positive results for many organizations, keeping with the experience of ACCO brands in its use of Dayforce HCM."
Financial analysis indicates that the company was able to achieve the following, as a result of deploying Dayforce HCM:
- 173% ROI*
- A payback period of 7.2 months
- An average annual benefit of: $1,232,630
"Every person I hire needs to understand technology and data, and we know that Dayforce HCM is an excellent example of capable technology enabling and streamlining HCM," says Tom Cielak, director of HR operations, ACCO Brands. "Training, multi-channel communication and project champions within the business all contribute to successful end-user adoption of Dayforce HCM."
Other key findings of the study are:
Significantly decreased payroll error rate: Payroll error rates have significantly decreased since ACCO took full control of its payroll with Dayforce HCM. Accurate payroll means that calls in relation to reconciling payroll discrepancies are now rare. Accurate payroll, better management of people and expenses means better bottom line results.
Workable, modern employee self-service (ESS): Previously, HR staff spent undue time facilitating changes to information for approximately 500 employees. With Dayforce HCM now deployed, administrators save an average of 20 minutes per employee on related HR administration work.
Streamlined, better tax compliance: The automation found in Dayforce HCM has eliminated the manual legwork previously required to reconcile actual tax deductions in employee's paychecks with the required amounts. Furthermore, Dayforce HCM has simplified compliance with complicated payroll tax legislation, such as recent changes surrounding health coverage at a federal level and compliance with complex local taxation changes.
For more information, read the complete commissioned study conducted by Nucleus Research: Ceridian Dayforce ROI Case Study: ACCO Brands .
*To calculate ROI, Nucleus quantified the initial and ongoing costs, over a 3-year period, of software license subscription fees, the time it took personnel to implement and support the application, and employee training.
Dayforce HCM is a SaaS solution for Payroll, Benefits, Workforce Management, Human Resources, Talent Management, Document Management, and Analytics. Dayforce provides organizations with access to real-time data and results across all domains of HCM with one employee record, one user experience and no interfaces.
About ACCO Brands Corporation
ACCO Brands Corporation is one of the world's largest suppliers of branded school, office and consumer products and print finishing solutions. Our widely recognized brands include AT-A-GLANCE®, Day-Timer®, Five Star®, GBC®, Hilroy, Kensington®, Marbig, Mead®, NOBO, Quartet®, Rexel, Swingline®, Tilibra, Wilson Jones® and many others. We design, market and sell products in more than 100 countries around the world. For more information about ACCO Brands visit: www.accobrands.com .
About Ceridian
Ceridian is a global human capital management technology company serving over 25 million users in more than 50 countries. Our offering includes the award winning, cloud-based Dayforce HCM , Global Solutions , Small Business Payroll , and LifeWorks Employee Assistance and Wellness programs . Ceridian. Makes Work Life Better™ For more information about Ceridian solutions call 1-800-729-7655 or visit www.ceridian.com .
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Contact: Donna Teggart 905-947-7251 (c) 647-388-2464 donna.teggart@ceridian.com
