Home

Best New Technology Solution Winner: TriNet Group Inc.

Published: Oct 2021

 

Photo of Ryan Yeager, Executive Director and Assistant Treasurer.

Ryan Yeager

Executive Director and Assistant Treasurer

Founded in 1988 in the San Francisco Bay Area, TriNet is a professional employer organization that provides small and medium-size businesses with full-service HR solutions tailored by industry.

TriNet uses new RPA technology to transform its payroll processing services

The challenge

Payroll processing is one of the many services TriNet Group, Inc. offers its clients. The team processes payroll for thousands of customers, making direct deposit ACH payments every business day leading to millions of transactions per year. Sending out payroll payments involves monotonous and manual work at the end of each business day for TriNet’s treasury operations team, who began exploring robotic process automation (RPA) technology to improve efficiency within the process.

The solution

TriNet met with multiple vendors to explore the different tools and capabilities they offered and embarked on a pilot programme. The treasury operations team quickly began to realise the benefits of free hours to address more satisfying complex tasks and strategic priorities. Deploying the solution, developed by the vendor, was a significant undertaking. The team worked for several months to onboard the platform and perfect the code to handle all identified requirements. The tangible return on these efforts has been excellent. The team realised the benefits of saving time and focusing on more crucial tasks and strategic priorities ultimately leading to more satisfying work.

Best practice and innovation

Utilising RPA technology to fundamentally change the way the TriNet treasury team worked, and the company operated, embodies innovation. It required best practice and standards to ensure the change was well-executed and the results closely monitored. This was achieved by establishing an RPA centre of excellence (CoE), responsible for providing coaching, support and oversight of the programme. For example, TriNet introduced deep-dive code reviews prior to testing and deployment of the service. Furthermore, the testing, deployment, and integration of the RPA solution by the treasury team has acted as a catalyst for other teams within TriNet to consider additional use cases for RPA solutions which may lead to optimizing operations and gaining efficiency.

Key benefits

    • TriNet’s treasury operations realised efficiency gains from the single RPA implementation in 2019 by saving time and optimising resources.
    • Total YoY growth of efficiency gains is expected to accelerate as additional robots are developed and deployed across the organisation.
    • Improved work/life balance for TriNet colleagues by reducing manual, repetitive workflows that could sometimes lead to longer workdays.
    • Improved colleague engagement through development of new skills to build, maintain and troubleshoot elements of RPA solutions.
    • Total company benefits from augmented skills as colleagues become empowered to envision and assess additional use cases for RPA solutions, which may deliver additional operating efficiency gains.

“The magnitude of the benefits gained from the scalability of the RPA solution, not only within the treasury operations team, but also the total company, combined with the team’s leadership role in establishing best practices for RPA deployment across the broader organisation has been incredible,” concludes Ryan Yeager, Executive Director and Assistant Treasurer.

The Adam Smith Awards is the industry benchmark for best practice and innovation in corporate treasury. The 2021 Awards attracted a record-breaking 309 nominations spanning 40 countries. To find out more please visit: https://treasurytoday.com/adam-smith-awards.

All our content is free, just register below

As we move to a new and improved digital platform all users need to create a new account. This is very simple and should only take a moment.

Already have an account? Sign In

Already a member? Sign In

This website uses cookies and asks for your personal data to enhance your browsing experience. We are committed to protecting your privacy and ensuring your data is handled in compliance with the General Data Protection Regulation (GDPR).