Knowify and eBacon Unite to Enhance Payroll Compliance for Contractors
In an exciting development for the contracting industry, Knowify, a leading project management platform tailored for trade contractors, has announced a new alliance with eBacon, a platform specializing in payroll solutions and compliance for prevailing wage workers. This partnership aims to deliver comprehensive tools that streamline contractors' workflows, making budgeting and certified reporting more accessible while enhancing overall efficiency.
The collaboration between Knowify and eBacon allows contractors to consolidate their payroll management and reporting tasks into a single user-friendly interface. By linking Knowify’s detailed labor rate templates and job costing capabilities with eBacon’s payroll engine, users can experience a seamless flow of data from project budgeting to payroll execution.
With this integration, contractors can define prevailing wage labor rate templates within Knowify. This includes critical components like hourly wages, fringe benefits, union fees, and labor burdens. Such information can be transferred directly to eBacon for smooth payroll processing, management of fringe benefits, and certified payroll reporting.
Marc Visent, CEO and Co-Founder of Knowify, emphasizes the competitive edge this partnership provides: "The Knowify + eBacon partnership gives contractors a financial advantage by combining precise budgeting and job costing with payroll and fringe benefit trust compliance. This integration helps contractors become more compliant, cost-effective, and competitive in the marketplace."
One of the most impactful features of this integration is the management of fringe benefits. Contractors can redirect contributions into eBacon’s bona fide trust for potential tax savings. Employees are also given flexible options to access these funds via direct deposit, pay cards, or contributions to their 401(k), HSA, or FSA accounts.
According to Jason Knight, VP of Revenue at eBacon, the new system significantly lightens the burden of payroll processes: "Channeling fringe benefits into a compliant trust reduces taxable payroll while preserving employee benefits. This not only makes contractors more compliant but also helps them save on costs and gain a competitive edge."
Many early adopters of the Knowify and eBacon partnership have already reported substantial time savings, with clients stating they save hours each week on payroll processing and reporting, all while reducing their payroll tax burden through effective fringe benefit management.
The partnership aims to empower trade contractors further by allowing them to build their businesses with confidence. Knowify’s sophisticated job management software tracks job costs and profitability at every project stage, from proposal to payment. With robust workflows and tools designed for service departments, contractors can maintain profitability regardless of the nature of their work.
For those interested in learning more about this integration or scheduling a demonstration, additional information can be found on the Knowify website. This partnership marks a significant step forward in simplifying payroll compliance for contractors while enhancing their operational agility in a competitive landscape.
Streamlined Compliance Through Integration
The collaboration between Knowify and eBacon allows contractors to consolidate their payroll management and reporting tasks into a single user-friendly interface. By linking Knowify’s detailed labor rate templates and job costing capabilities with eBacon’s payroll engine, users can experience a seamless flow of data from project budgeting to payroll execution.
With this integration, contractors can define prevailing wage labor rate templates within Knowify. This includes critical components like hourly wages, fringe benefits, union fees, and labor burdens. Such information can be transferred directly to eBacon for smooth payroll processing, management of fringe benefits, and certified payroll reporting.
Advantages of the Partnership
Marc Visent, CEO and Co-Founder of Knowify, emphasizes the competitive edge this partnership provides: "The Knowify + eBacon partnership gives contractors a financial advantage by combining precise budgeting and job costing with payroll and fringe benefit trust compliance. This integration helps contractors become more compliant, cost-effective, and competitive in the marketplace."
One of the most impactful features of this integration is the management of fringe benefits. Contractors can redirect contributions into eBacon’s bona fide trust for potential tax savings. Employees are also given flexible options to access these funds via direct deposit, pay cards, or contributions to their 401(k), HSA, or FSA accounts.
Key Features Include:
- - Labor Rate Templates
- - Payroll Execution with eBacon
- - Certified Reporting
- - Construction-Ready Compliance
According to Jason Knight, VP of Revenue at eBacon, the new system significantly lightens the burden of payroll processes: "Channeling fringe benefits into a compliant trust reduces taxable payroll while preserving employee benefits. This not only makes contractors more compliant but also helps them save on costs and gain a competitive edge."
Early Success Stories
Many early adopters of the Knowify and eBacon partnership have already reported substantial time savings, with clients stating they save hours each week on payroll processing and reporting, all while reducing their payroll tax burden through effective fringe benefit management.
The partnership aims to empower trade contractors further by allowing them to build their businesses with confidence. Knowify’s sophisticated job management software tracks job costs and profitability at every project stage, from proposal to payment. With robust workflows and tools designed for service departments, contractors can maintain profitability regardless of the nature of their work.
For those interested in learning more about this integration or scheduling a demonstration, additional information can be found on the Knowify website. This partnership marks a significant step forward in simplifying payroll compliance for contractors while enhancing their operational agility in a competitive landscape.
Topics Business Technology）
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