The Asset Exchange

The Asset Exchange (The Car Loan Centre) is a leading consumer credit and sub-prime car finance provider

The company was founded in 2013 and had been printing their payslips until March 2020. Their inhouse payroll team easily managed the monthly printing and distribution of payslips and although a digital solution might have been a future consideration, it was not an urgent business requirement. When Coronavirus hit and a mandatory lockdown followed, their payroll team found themselves up against the challenge of closing out the tax year and processing payroll without being able to access the office printers.

It was vital for the business to continue an uninterrupted payroll process during the lockdown period

The COVID lockdown and subsequent dispersed workforce disabled most operational processes – specifically their payslip printing capabilities. Aside from the monthly payroll, the end of the 2019/2020 PAYE forms were due to be sent out. They realised that a digital solution that included a PAYE document portal was now a requirement.

Being apprehensive about data security and wanting to remain GDPR compliant, they decided against email and opted for a best of breed, cloud-based payslip solution.

The Asset Exchange settled for the best solution for lockdown, and the future Shortly after contacting PayDashboard and watching a demo of the portal, they realised that they could quickly and easily migrate their payslip delivery process into the cloud and therefore complete their March payroll in a timely manner. Within hours the contract had been signed and their first payroll was set up.

The Asset Exchange have saved an estimated £100 per month on payslip costs since switching from printed payslips to PayDashboard.

Since implementing PayDashboard, the payroll team have significantly reduced their payroll processing time, which has allowed them to focus upon the crucial operational changes to be made as the company emerges from lockdown.

Above all, The Asset Exchange feels that PayDashboard’s secure, cloud-based payslip solution has streamlined their payroll function and helped them safeguard their payslip delivery against future crises.