Who Is This Vendor Assessment For? NelsonHall’s payroll services vendor assessment for OneSource Virtual isa comprehensive assessment of OneSource Virtual’s payroll serviceoffering and capabilities, designed for:
Sourcing managers monitoring the capabilities of existing suppliers ofpayroll outsourcing and identifying vendor suitability for payroll processoutsourcing RFPs Vendor marketing, sales, and business managers looking tobenchmark themselves against their peers Financial analysts and investors specializing in the support servicessector HR and payroll decision makers.
Key Findings & Highlights OneSource Virtual is a privately owned U.S. based business, providingBPaaS services exclusively through the Workday platform. Founded in2008, it has ~769 employees and is headquartered in Dallas, Texas.Services offered to clients include Workday deployment, HR outsourcing,finance and accounting outsourcing, and IT services.It has ~420 clients, of which ~77% include payroll services. From apayroll perspective, OneSource Virtual processes ~1.5m payslips permonth, across ~325 clients; this equates to ~945k employees paid.Managed payroll services and payroll administrative services represent~8% and ~67% of its payroll business respectively, with the remainingbusiness generated from settlement services (services include checkwriting and tax lodgments, treasury management, W2 and T4 printing).
Scope of the Report The report provides a comprehensive and objective analysis ofOneSource Virtual’s payroll outsourcing offering, capabilities, and marketand financial strength, including:
Identification of the company’s strategy, emphasis, and newdevelopments Analysis of the company’s strengths, weaknesses, and outlook Revenue estimates Analysis of the profile of the company’s customer base including thecompany’s targeting strategy and examples of current contracts Analysis of the company’s offerings and key service components Analysis of the company’s delivery organization including the location,size and scale of delivery locations and their activities.