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BW1031 MAR 13,1997 4:58 PACIFIC 7:58 EASTERN
(BW)(VIRTUAL-PAYROLL) Virtual Payroll
Launches First Internet-Based Payroll Service
Business Editors & Hi-Tech Writers
LOS ANGELES--(BUSINESS WIRE)--March 13, 1997-- Full-Service Website, Introducing PAYROLL OVER THE INTERNET, Will Provide Direct Deposit, Electronic Tax Filing Services, And Easy Access To Payroll Reports For Any Size Business.
At Spring Internet World '97 today, Virtual Payroll, Inc., the first payroll service provider to offer its services exclusively over the Internet, announced the launch of its website at: http://www.virtualpayroll.com/ Services include direct deposit of net payroll for all employees, electronic filing of employer's tax deposits, preparation of all state and federal payroll tax returns, the ability to download management reports and paystubs, and the exclusive use of the Internet to send and receive payroll data. "Most payroll service providers receive their client's input by phone, fax, or client-server," said Rey Monzon, President of Virtual Payroll. "We intend to leapfrog those methods and provide a direct link to our clients via the Internet."
The advantages of doing payroll over the Internet include a much lower cost, high quality processing, full featured services, an easy to use system, instant data retrieval, and total client control of input. Virtual Payroll's target markets include:
1. Small offices and home-based businesses that would like to have access to services like direct deposit and electronic tax filing but don't want to pay high service bureau charges.
2. Remote or rural businesses far from metropolitan areas that are not currently serviced by national or local service providers.
3. Internet-savvy businesses that understand the advantages of electronic commerce over the World Wide Web and are interested in using Internet-based services.
4. Clients that use traditional paper-based systems, as they get online, will want to take advantage of the greater efficiency and cost savings available over the Internet.
Virtual Payroll, Inc. is a pioneer in providing full-featured payroll processing services over the Internet.
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