Copyright 2019 by Veritas Power Solutions
Energy deregulation in the U.S. makes it possible to lower the cost of gas and electricity in many states from your supplier. Savings potential of up to 20% are possible through an easy enrollment process that has flexible terms, no switching fees and most importantly no interruption of service. There are no maintenance or hidden fees. Delivery and maintenance will continue to be the responsibility of your local public utility. Our reverse auction process lets you analyze past usage data to apply to guarantee you the best prices for your future gas and electric needs. This puts you in control allowing you to set your terms through a real-time competitive bidding process that is more effective than conventional paper-based bids. Benefits of our reverse auction model for your business is a 10-20% savings gain with pricing transparency.
Many organizations pay their vendors with paper checks or ACH transfers. Checks are inefficient, costly and not secure. And 70% or more of vendor payments are still processed via check. ACH payments cost less and are more secure, but limited in data exchange. And neither of these payment methods generates revenue. Our Virtual Payment technology is significantly more efficient and faster than checks or ACH, and it generates substantial revenue just from paying your vendors. Our solution works with your existing accounting system, at no additional cost, is highly secure, saves time & money, and most importantly pays you for each transaction. You have to pay your suppliers anyway, so why not generate revenue from doing so? Every $10 million in virtual payments could add up to $135,000 in additional revenue to your bottom line.
One of our biggest service additions has become one of the best ways to help your business obtain your fair share of antitrust class action recoveries. We provide specialized class action settlement claims consulting services that includes notification of settlements in which you may be eligible; performing research to assure that all appropriate parts of your operation are included in the claim process; providing advice on what, if any, documents need to be collected. When documents are required and not available or are too burdensome to collect, we develop alternate means to satisfy documentation requirements; preparing, assembling, submitting claims packages and managing them on your behalf throughout the administration process. Our team tracks many different class actions, currently there are over twenty which total over $8 billion in potential recoveries
Employee health benefits ranks as the 2nd largest expense for the average employer, second only to payroll, and the rising cost of employee health benefits is the number one issue, or problem employers are facing today. We have a healthcare billing problem in the United States. The price for medical services and the price of prescription drugs, depends on how much can be extracted from you, or from your health plan, and you have no idea how much the bill is going to be until after services are rendered. We focus on controlling 4 primary cost drivers which make up 90% of the cost of a health plan: hospitalization & surgery, outpatient services, including diagnostic labs & imaging, emergency services, prescription drugs, and physician services. We help organizations to reduce the cost of their employees’ health benefits by 12 to 25%, and sometimes more, while also reducing out of pocket costs, and increasing their quality of care without necessarily changing their broker or health plan provider.
Instant Pay for hourly workers is a company sponsored third-party employee benefit program specifically designed for the hourly worker at NO COST to the employer and requires NO INTEGRATION to payroll systems. With unemployment at historic lows, it’s becoming increasingly difficult to attract and retain top talent. Offering instant access to earned wages is a benefit that can build loyalty with your hourly workers, and give you competitive a edge in recruiting top talent. Employers with hourly workers will find yourself themselves at a competitive disadvantage if they’re not offering instant access to earned wages. The average cost to replace an employee is $3,228, and the average cost of absenteeism per employee is $3,600. Instant Pay on average achieves the following results...
: • Increase in job applicants by 60%
• Reduce employee turnover by 13%
• Reduce absenteeism by 10%
Zero-Cost Processing (ZCP) is a service designed to reduce the cost of credit card acceptance to zero-net-cost by adding a surcharge paid by the consumer. New rules that became effective January 27, 2013 allow merchants to impose a fee for the use of credit cards. This a fully compliant solution to take advantage of the new regulations which allow merchants to pass along credit card processing fees to consumers. Merchants are not permitted to impose a fee for the use of debit cards. Our patent-pending technology ensures regulatory compliance by determining whether a given card is a credit card or a debit card before the transaction is processed. ZCP automatically applies a fee whenever a credit card is swiped or entered so that the merchant gets back most, if not all, of its processing costs. Our team takes all the necessary steps to set up a merchant’s account with the right parameters ensuring the merchant is in compliance from the very first swipe. With ZCP the merchant keeps 100% of the savings. ZCP is available in the following states...
Alabama Alaska Arizona Arkansas California Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kentucky Louisiana Maryland Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico North Carolina North Dakota Ohio Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming