Vault Verify Enhances Its Industry-Leading Vault EDGe Gateway
Vault Verify, a prominent innovator in outsourced employment and income verifications for HR departments in the U.S., has announced innovative enhancements to its offerings. The Vault EDGe Gateway serves as a real-time API integration platform designed to streamline data access while ensuring security.
Why Employers Need Enhanced Data Security
In the face of stringent compliance requirements from the Consumer Financial Protection Bureau, U.S. employers are increasingly seeking robust HR tech solutions. The CFPB's new regulations focus on protecting consumer data by enforcing strict limits on data collection and usage. Vault Verify has positioned itself as a reliable option for employers, enabling them to securely manage employee data and comply with these requirements.
Building a Robust Partner Ecosystem
Vault Verify has proactively expanded its partner network, integrating additional services that cater to employers’ HR needs. With partners across various sectors, including unemployment claims management and tax credit services, the Vault EDGe Gateway allows for an efficient, automated experience. This streamlined integration significantly reduces the time HR departments typically spend on manual processes.
Partner Success Stories
Sean McKelley from Sedgwick emphasizes how the Vault EDGe Gateway enhances their efficiency in managing unemployment claims. Real-time integration with Vault Verify allows for quick access to necessary information, reducing workloads for HR teams. Similarly, HireCredit's Chief Revenue Officer, Shawn Anderson, notes that the integration has opened up opportunities for businesses to access tax incentive services at little to no cost.
New Features Introduced for Employers
Vault Verify has also introduced Vault PSLF, a new automated tool designed to simplify the Public Service Loan Forgiveness application process. This initiative not only eases the workload for HR departments but also provides transparency into the application process.
Comprehensive HCM Platform Support
Recent updates have expanded the Vault EDGe Gateway's capabilities to accommodate additional HCM platforms, including Infor and Oracle PeopleSoft. This ensures that clients can benefit from real-time integration and secure data management across a myriad of systems.
Future Directions and Company Vision
Tim Fessenden, CEO of Vault Verify, underscores the importance of data privacy and the company’s commitment to enhancing features that ease the burden on HR departments. As businesses navigate the complexities of data security and compliance, Vault Verify continues to innovate and adapt to ever-changing regulatory landscapes.
About Vault Verify
Vault Verify stands at the forefront of HR solutions by providing a real-time API integration with major HCM platforms. Their approach eliminates extensive offsite data storage while ensuring data accuracy and security. Employers using Vault Verify benefit from reduced labor costs, enhanced data protection, and an innovative revenue-share model that supports HR projects.
Frequently Asked Questions
What is the Vault EDGe Gateway?
The Vault EDGe Gateway is a real-time API integration platform that enhances HR data security and streamlines access for HR tech vendors.
How does Vault Verify comply with new data regulations?
Vault Verify ensures compliance by limiting access to personal information and only sharing it with authorized third parties as per the new regulations.
What partners does Vault Verify work with?
Vault Verify collaborates with various partners in unemployment claims management, tax credit management, and compliance services to provide a comprehensive ecosystem.
What are the benefits of using Vault PSLF?
Vault PSLF simplifies the Public Service Loan Forgiveness application process, offering HR departments a streamlined and efficient approach for managing applications.
Which HCM platforms are supported by the Vault EDGe Gateway?
The Vault EDGe Gateway supports a wide range of HCM platforms, including Workday, UKG, Dayforce, Infor, and Oracle PeopleSoft, among others.
