Stax.ai and Payroll Integrations Partner to Streamline Payroll Processing for Retirement TPAs

New Partnership Eliminates The Need for Manual Data Collection and Entry By Directly Connecting TPAs With Leading Payroll Providers

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Stax.ai, the foremost AI-driven workflow automation platform for retirement Third-Party Administrators (TPAs) today announced a new partnership with Payroll Integrations, the technology company that’s reimagining how employers support employees’ financial well-being through benefit automation. TPAs using Stax.ai can now connect directly to an extensive network of payroll providers through Payroll Integrations to automatically collect and standardize payroll and employee census data in real-time.

TPAs can spend hours on administrative work as they send emails back and forth between plan sponsors and payroll providers to manually collect payroll data at year end. And once they receive the data, they’re typically entering and reformatting it manually into their system–which can lead to incorrect deductions or inconsistencies. The disproportionate amount of time that TPAs spend on administrative work can take their focus away from working on more strategic projects and enhancing experiences for their clients.

Stax.ai and Payroll Integrations now automate these time-consuming processes for TPAs as they manage retirement plans for hundreds of companies. The TPAs that use Stax.ai to support over 120,000 plan sponsors can connect to Payroll Integrations’ network of payroll providers to automatically collect, enter and standardize clients’ payroll and employee census data. Payroll Integrations has pre-built integrations into the largest and most widely used payroll companies and benefits providers in the U.S., so TPAs can seamlessly connect with the providers that plan sponsors work with to access the data they need, when they need it. This eliminates manual administrative hassles for TPAs and ensures reliable and accurate data.

Additional details of the new partnership include:

• Seamless Integration: Plan sponsors can now connect with a wide array of payroll providers through the Stax.ai Client Portal, offering both 180 and 360 data integration options - supported by Payroll Integrations.
• Automated Data Synchronization: Real-time data transfers ensure accuracy, reduce manual entry, and minimize errors, enhancing compliance and operational efficiency.​
• Cost-Effective Solutions: TPAs can offer these advanced services to plan sponsors without incurring additional costs, adding significant value to their offerings.​

"This partnership aligns with our mission to drive innovation and deliver unmatched value to TPAs nationwide," said Naru Muraleedharan, Founder and CEO of Stax.ai. "By integrating Payroll Integrations' robust API connectivity solutions, we empower TPAs to streamline operations, enhance data accuracy, and focus on delivering exceptional client service. Additionally, TPAs can now offer 360 integration between payroll providers and record-keepers, saving even more time for their plan sponsors."​

“Our work with Stax.ai gives TPAs the tools they need to shift their focus from tedious, manual tasks to focus on more strategic initiatives and enhancing clients’ experiences,” said Doug Sabella, CEO and Co-founder of Payroll Integrations. “With real-time access to payroll data directly in their workflows, TPAs will drive more efficiencies and data accuracy across all of their processes.”

About Stax.ai

Stax.ai is an AI-driven workflow automation platform designed to streamline manual tasks for retirement plan Third-Party Administrators. Its Trust Accounting (TA) product automates the processing of brokerage statements, extracting key financial data and populating reconciliation spreadsheets, thereby reducing errors and saving time. The Client Experience (CX) platform offers a modern, white-label client portal, smart email management, automated census collection and scrubbing, and plan administration tools, enhancing client interactions and operational efficiency. Stax.ai is backed by AZ-VC and Neotribe, and headquartered in Scottsdale.

About Payroll Integrations

Payroll Integrations is the technology company that’s reimagining how employers support employees’ financial well-being through benefit automation. Their integration platform is used by more than 5,000 businesses to connect payroll with retirement, HSA and other employer-sponsored benefit plans for over one million employees. Payroll providers including ADP, Paychex, Quickbooks Online and others use Payroll Integrations to seamlessly connect with 401k benefit providers such as Empower, Transamerica, Principal, VOYA and John Hancock. Payroll Integrations is backed by Arthur Ventures and headquartered in San Diego.