111–120 of 129 posts
I hope I never have to use ADP, but that said, their response makes Zenefits sound like a bunch of crybaby Valleyholes. http://www.adp.com/zenefits/downloads/The-Facts-About-ADP-an...
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Sorry to quibble, but I don't think that's what "disintermediation" means. Disintermediation typically refers to "cutting out the middleman", not introducing additional middlemen. Cf: https://en.wikipedia.org/wiki/Disintermediation
It's been a long time since I heard the term, probably late 90's or somewhere in that timeframe. At the time I was in the banking business and there were various services that were launching with the idea of aggregating bank accounts, rolling up loan offers into portals, etc. The term "disintermediation" was used as a label for what happened to you if you let someone else capture your customer's attention and just tr…
Banks, along with selling their own products, act as middlemen to sell other types of product (e.g. insurance). The only disintermediation I can think of in relation to retail banks, is the move for people to buy things like insurance from (i) web sites, who may kick back some of the commission that would otherwise go to the bank, or (ii) insurers who sell direct through their own channels.
What you describe is intermediation or reintermediation: http://www.investopedia.com/terms/r/reintermediation.asp
I understand why ADP does this -- they are horrible to work with so people are willing to stick someone like Zenefits in between. My horrible ADP story: years ago, ADP debited the IRS taxes twice -- so all the paychecks bounced, or would have if the bank hadn't called me and let me move money into the payroll account from the main account (yes kids, don't let your payroll, or anyone, deduct money directly from your c…
> That's the last payroll I ran with ADP. Nicely done. Which service did you start using instead of ADP?
So now I use PrimePay. I heard about it from a friend who runs a restaurant, amazingly enough, but they have been good for several companies with headcount in the hundreds and in multiple states.
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And with Zenefits, my email is tied to my first employer. My next employer used Zenefits but I couldn't use the same email address. So I appended +employer_abbreviation to the first part of my email address to get by. I don't doubt that Zenefits has an uphill battle but...
Why would you not use your employer email?
I authorized Zenefits to look into our data. ADP's feelings on how Zenefits looks and grabs that data are moot (also, how would they know if they are unsecure).
This is not an "unauthorized_ integration" because I specifically signed Parker Conrad to be my broker of record.
I understand where ADP is coming from (they tried to sell us PEO a month ago, at at crazy high price) because they can't compete on price or product. So they compete on access.
However, they messed with our Zenefits Sync without my permission, so now I will simply replace ADP with Zenpayroll or Wagepoint, or the one people seem to be throwing around here "justworks".
I will take my $13,000 in payroll fees somewhere else.