Employment Verification Service

This article explains Employment Verification Service (EVS) and how to opt in or out in Pastel Payroll.

What is Employment Verification? 

Employment Verification is a new free service  which offers huge value to you and your employees by simplifying the loan application process by automating and controlling the sharing of employee & pay information with a lender in a secure environment. 

It makes the application process easy & stress free for your team and significantly reduces the admin you have to complete to deal with information requests.

What are the benefits?

Employees, employers, and Financial Service providers can all benefit from using Employment Verification through a secure, automated service provided by Sage

Benefits for Employees:

Employees can enjoy peace of mind, supported by a secure, fully digital process

• Ensure employment and income data is secure, reducing the potential for fraud
• Controlled consent to share data directly from Sage Payroll products for loan applications, mortgages and more
• Save time with a fully digital process – there’s no need to produce hard copies of payslips or manually share other information.

Benefits for Employers:

Employers can reduce the burden of manual requests and improve the experience for colleagues.

• Provide employees with direct access to their individual payroll data for credit and other applications, eliminating the need for manual payslips to be provided
• Save time, resources, and costs by cutting out the hassle of sharing hard copy or digital data with employees
• Leverage Sage Payroll data for an automated, digital employment verification process that saves time

Benefits for Financial Service Providers

Financial Service Providers can improve speed and accuracy when approving credit applications

• Access to secure and reliable information from a trusted and secure source
• Improved decision-making with accurate and up-to-date pay information
• Deliver a much better customer experience by speeding up the process, and reducing stress for the applicant

Opt in or out of Employment Verification at the company level

See our article on how to opt in or out of Employment Verification EVS.

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