PAYROLL ANALYSIS & PROCESSING | BILLING INTEGRATION | PORTFOLIO MANAGEMENT | ACCOUNTING SERVICES | FINANCIAL SOLUTIONS | COMPLIANCE SPECIALISTS | STAFFING & RECRUITING SOFTWARE | BUSINESS PERFORMANCE TOOLS October 2015 Table of Contents Coming Soon: Same-Day ACH Industry Insider October Webinar Best Practices for Employee Onboarding New! Meet The Expert Mary Jo Heim: Tricom’s “Human Calculator” Coming Soon: Same-Day ACH For businesses and consumers, the Automated Clearing House (ACH) Service has been gaining in popularity as a means of transferring money electronically. It’s relatively quick and easy, without the expense associated with wire transfers. Typically ACH transfers have a 48-hour settlement timeframe, and many settle within 24 hours. In order to move money even faster within the ACH network, NACHA, the Electronic Payments Association, has made a same-day ACH proposal that outlines the rules governing same-day ACH practices. At the end of September, the Federal Reserve Banks announced that the Federal Board had reviewed the same-day ACH practices proposed by NACHA, and was in support of the proposal. While the Federal Reserve already offered FedACH SameDay Service, NACHA’s proposal differed from the current offerings in two significant ways: Get the latest industry news, resources and updates right to your newsfeed by liking Tricom Funding on Facebook and following us on Twitter! October Industry Insider Webinar: Best Practices for Employee Onboarding Date: Thursday, October 29, 2 pm EDT / 1 pm CDT Duration: 1 hour Cost: COMPLIMENTARY Register now! » 1. All financial institutions who offer ACH must offer same-day ACH service. 2. There would be a fee for same-day ACH services. The Federal Reserve Board agreed that these two points were important to the success of the program. But what does this mean for businesses that use ACH for payments and money transfers? CLICK HERE TO READ MORE ABOUT THE UPCOMING SAME-DAY ACH CHANGES AND WHAT IT COULD MEAN FOR YOUR BUSINESS. October’s Industry Insider Webinar: Best Practices for Employee Onboarding Thursday, October 29, 2 pm EDT / 1 pm CDT Register now! » Temporary employees tend to have a higher frequency of injury or illness. For that reason, in the staffing industry employee onboarding is the first and most critical aspect of a successful safety program. Join Tricom and Assurance Agency for the October edition of our Industry Insider webinar series as Lauren discusses the steps staffing firms can take during the employee onboarding process to minimize risk and ensure the safety of their employees while working for a host employer. This session will cover: • The importance of quality employee onboarding • Best practices for the application process • Potential screening options • Training requirements for staffing companies By the end of this session, you’ll know the best practices staffing firms can implement to help ensure the safety of their employees. VISIT WWW.TRICOM.COM/WEBINAR FOR MORE INFORMATION. Meet the Expert Mary Jo Heim: Tricom’s “Human Calculator.” From her first job pricing flash cubes (remember those?) at the Treasure Island retail store her father managed, Mary Jo Heim has an early professional history of working with numbers. She earned a Bachelor of Business Administration - Accounting degree at the University of Wisconsin - Milwaukee and joined the Tricom team in 1996. Mary Jo is a Certified Public Accountant and a Certified Payroll Professional. She is also an active member of the American Institute of Certified Public Accountants and the Wisconsin Institute of Certified Public Accountants. As Tricom’s Director of Accounting and CFO, Mary Jo likes being able to use her knowledge and experience to assist others and help them successfully grow their businesses. She readily makes herself available to Tricom clients who have accounting questions. “Mary Jo will actually bring new things to light that I haven’t even thought about.... She answers my questions and then says, ‘BUT, don’t forget THIS, and think about THAT.’ And that’s not common,” says Alex Fernandez, CEO, Staffing Specific and Tricom client. CLICK HERE TO READ MORE ABOUT MARY JO’S FINANCIAL TOOLS AND HOW THEY’VE HELPED TRICOM CLIENTS. Events: October 27-29 — ASA Staffing World. Gaylord Opryland Resort & Convention Center, Nashville, TN. www.americanstaffing.net November 12–14 — TechServe Alliance 2015. La Quinta Resort & Club – Waldorf Astoria, Palm Springs, CA. www.techserveconference.org. New On Tricom.com: The September Industry Insider Webinar presentation is now online. To a staffing firm, timely receivable payments are the lifeblood that provides the strength and energy needed to fuel operational cash flow. Non-payment from a client can quickly diminish cash flow and drain the necessary resources your firm needs to effectively operate. Join Tricom and Wilson Cole, our guest speaker from Adams, Evens & Ross, as Wilson walks you through the 7 deadly collection mistakes, how to avoid these mistakes, and how to protect your receivable assets. View the presentation by clicking here. October Fun Fact: The largest pumpkin ever grown in North America was presented at this year’s Cedarburg Wine & Harvest Festival in Cedarburg, WI. Weighing in at 2,145 pounds, the pumpkin was grown by Gene McMullen of Streator, Illinois, who grows pumpkins as a hobby. It’s the largest pumpkin in North America grown outside a greenhouse and the second largest pumpkin ever grown worldwide. The biggest pumpkin in the world, according to the Guinness Book of World Records, weighed 2,323 pounds and was grown in Switzerland in 2014. Photo credit: Courtesy of the Festivals of Cedarburg Facebook page.
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