A growing number of contractors are starting to outsource their payroll while also keeping their ERP. It’s a trend that we expect to gain momentum over the next several years. Outsourcing can be a smart move, but it opens up new issues: HCM systems aren’t designed to handle the payroll complexities that contractors deal with on a weekly basis. And they don’t integrate nicely with ERP systems.
The pandemic has not been kind to businesses, and it has left many owners looking for reliable models to help them get through the crisis in one piece. IDI has been fortunate to not only remain stable during the pandemic, but to continue growing. In 2020, we:
IDI’s Contractor Central has quickly become the solution of choice for construction companies that want to outsource payroll and HR without abandoning their ERP systems. Contractor Central lets employers seamlessly integrate their payroll and ERP data for the first time.
2020 took every business by surprise and sent us all reeling before the end of the first quarter. The rest of the year was marked by quick responses, workaround solutions, and unplanned shifts in the way we work and do business.
More construction companies are outsourcing their payroll while also keeping their ERP solution. It can be a strategic move for contractors, but it comes with challenges of its own. Vermont Mechanical was caught in the middle of those challenges.
IDI has many reasons to be thankful this year, and our clients and partners are at the top of the list. Here’s why 2020 hasn’t stolen our gratitude.
This year has been one for the record books, and yet it isn’t difficult to feel thankful for what has come our way. In the midst of a pandemic and economic crisis — or maybe because of it — we at IDI see even more clearly the things to truly be grateful for.
Everybody loves a good mystery — unless they’re kicking off a major company-wide software implementation. If you’re getting ready to purchase IDI’s Contractor Central, you’re embarking on a major undertaking for your company, and you need to know that it’s going to go smoothly.
Sasan Goodarzi, CEO of Intuit, recently spoke at HubSpot’s annual Inbound conference and shared his company’s lessons learned from the pandemic. Intuit and IDI are in the same HCM space and have partnered on solutions for mutual clients, so I was excited to attend — and I was not disappointed. Sasan delivered timely lessons from the “forced social experiment” of 2020, which any company can apply.
COVID-19’s impact on the economy has many manufacturers looking for payroll solutions that can improve efficiencies and cut costs. But manufacturing is an industry with unique payroll challenges, and it’s important to find a third-party vendor that can solve your biggest payroll problems.
As the coronavirus pandemic continues to plod along, professional service and project-based companies are taking stock for the long term. It’s clear that the new normal is likely to extend through the fourth quarter of the year and into 2021 — at the very least. That has specific billing and payroll implications for the professional services sector, as they manage billable and non-billable time — as well as salary allocation across projects.
