ProBusiness Services, Inc. Solves Y2K Concerns for Large Employers.
ProBusiness clients use their own company data to test Y2K
compliance at innovative Y2K lab
ProBusiness Services, Inc. (NASDAQ:PRBZ), a leading provider of employee administrative services, Web-based software and outsourced solutions for large employers nationwide, today announced that its comprehensive payroll and payroll tax filing services are fully-tested and certified as Year 2000 compliant. Additionally, ProBusiness clients are actively using ProBusiness' Y2K laboratory for the testing and certification of their own payroll and tax filing processes.
The ProBusiness Y2K lab, located in the Company's Pleasanton headquarters facility, is used for complete validation testing of ProBusiness' and clients' payroll and payroll tax filing processes. Many ProBusiness clients, including retailers J.C. Penney and Bombay Company as well as Citizens Business Bank, selected the Company's outsourced payroll and payroll tax filing services because of their guaranteed Y2K compliance.
"Our primary goal in selecting a payroll provider was to have a complete payroll service that could easily integrate with our human resource and other systems, was Y2K-ready and had excellent customer support," said Tom Rubenstein, corporate controller at Bombay. "ProBusiness is the only provider we found that meets and exceeds our requirements."
"ProBusiness is very well prepared for Y2K compliance testing and issues," said Lucy Acosta, assistant vice president and personnel officer for Citizens Business Bank in Ontario, Calif. "Their Y2K lab is great - we transmitted 3 payrolls while remaining in the same room in the lab environment. We encountered no Y2K problems with any of the payrolls."
"Year 2000-readiness is a critical concern for corporations," said Tom Sinton, CEO of ProBusiness Services, Inc., "At ProBusiness, we have alleviated concerns about this issue for our clients and prospects. Not only are ProBusiness's payroll and payroll tax filing offerings tested and certified as Year 2000-compliant - the ProBusiness test laboratory is available to our clients to certify their own payroll and tax filing processes, using their own unique employee data and company configurations. This enables clients and prospects to move ahead with their buying decisions with complete confidence."
"As the end of the century draws near, the Year 2000 technical and legal issues become increasingly material to companies and organizations," he continued. "While we share the concern that some vendors may not be meeting their Year 2000 disclosure obligations, we're confident that companies selecting ProBusiness are effectively addressing their own Y2K issues as they relate to payroll and payroll tax filing."
More About ProBusiness' Y2K Compliance
In developing its Y2K readiness programs, ProBusiness obtained guidance from Deloitte & Touche who produce the Company's SAS70 "Report on Policies and Procedures placed in Operation and Tests of Operating Effectiveness." Additionally, ProBusiness engaged a representative sample of their client base to participate in application testing process and validate its output. Many of ProBusiness clients' Year 2000 standards are governed by FFIEC guidelines http://www.ffiec.gov/y2k/guidance.htm and, as such, the Company has adopted those same guidelines throughout its Year 2000 project.
Further information about ProBusiness' Y2K programs is available at http://www.probusiness.com. Select the Year 2000 icon for additional details.
About ProBusiness Services, Inc.
Founded in 1984, ProBusiness is a leading provider of employee administrative services, Web-based software and outsourced solutions to large employers nationwide. Clients benefit from a number of solutions including outsourced payroll, payroll tax and benefits administration, human resources software and self-service applications via the ProBusiness Employee Services Portal (ESP). By combining employee-facing applications with third party content and ProBusiness' proven processing capabilities, ESP provides a single interface for employees and managers to perform complex work and life transactions. ProBusiness' solutions leverage leading-edge technology and work stand alone or together, offering clients the highest levels of flexibility and control over their employee administrative processes.
In 1998, ProBusiness was named one of the fastest growing technology companies in Deloitte & Touche's "Technology Fast 500" Program and is listed as one of Silicon Valley's top 50 technology companies. Recently, Bloomberg Magazine named ProBusiness to its list of Top 100 Stock Picks in 1998.
The Company has 1,750 clients and 750 employees, with headquarters in Pleasanton, Calif. and regional offices in Bridgewater, N.J., Irvine, Calif.; Bellevue, Wash. and Norcross, Ga. ProBusiness' World Wide Web site can be accessed at http://www.probusiness.com. ProBusiness trades on NASDAQ under the symbol "PRBZ."
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|Date:||Jun 2, 1999|
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