CHARLOTTE, N.C., April 11, 2013 /PRNewswire/ -- Infinisource, a leading provider of comprehensive workforce management and compliance solutions since 1986, announces new technology enhancements that enable employers to meet critical requirements and deadlines associated with the Affordable Care Act (ACA).
To comply with ACA requirements, employers will need to determine full-time employee count, eligibility class, health care affordability, waiting periods and more. Failure to comply will result in significant penalties. Given the scope, timing and penalties associated with ACA, employers should be addressing these issues now, in order to prepare for requirements in 2014 and beyond.
"We believe an employer's ACA burden can be reduced with the right solution," stated Gary Trainor, CEO. "Infinisource has the resources and expertise to provide employers with solutions that make ACA compliance easy."
iSolved, Infinisource's newest workforce management technology, is a single application for HR, Payroll, Time and Benefits Administration, built to meet both current and future ACA requirements. ACA compliance will include reporting to HHS, DOL and IRS, managing full-time employee hours of service, the 90-day waiting period and utilizing data to determine affordability. As iSolved is a cloud-based, multi-tenant solution, employers with multiple locations and FEINs will benefit from the solution's ACA enhancements.
iSolved is an employee-centric technology with robust range date report capabilities to quicklyput data into the employer's hands. Data for reports needed in 2015, based on 2014 administration, sourced from 2013 records will be easy to obtain with iSolved.
About Infinisource Inc.
Founded in 1986, Infinisource is a nationally recognized leader of Workforce Management technology solutions that was recently named to the Inc. 500-5000 list of fastest-growing companies. Infinisource offers iSolved, a single database for HR, Payroll,Time and Attendance and Benefits Administration, as well as administration for COBRA, Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Arrangements. The company has more than 4,000 broker relationships and 63,000 employer clients. Infinisource is a leader in employment law, compliance and education. For more information, please visit www.infinisource.com.