What is Employment Verification?
Now available in Sage Payroll products, Employment Verification is enabled through a number of trusted partners.
Each time an employee applies for a credit application like a loan or mortgage, they can choose which information they want to share with service providers and consent to giving them automated online access to their specified payroll data.
It’s a benefit that you can choose to offer employees to give them more data control and confidence. And the online process can save you time too. Eliminate the manual work behind producing printed payslips and documents for employment verification.
How does it work?
There are four simple steps from application to verification.
- The application begins
Whether it’s a loan, mortgage, or another application, your employee starts the online process with their service provider like normal.
- Consent is given
Your employee gives consent to the service provider to verify the data through our trusted partners.
- Employee is sent to Employee Verification partner
The trusted partner ensures they have the required information to progress the employment and or income verification.
- Records are identified and shared
Our partner checks if the employee works for a Sage customer, the employee is identified, and the verified data is shared securely with the service provider.
Why use it?
Both employees and employers can benefit from using Employment Verification. Here’s how.
- Take control of payroll data and have confidence that only the relevant data is shared securely
- Make sure employment and income data is secure and reduce the potential for fraud
- Consent to share data directly from Sage Payroll products with service providers for applications for loans, mortgages and more
- Save time with a fully digital process – there’s no need produce hard copies of payslips or manually share other information
- Give employees direct access to their individual payroll data for credit and other applications, eliminating the need for manual payslips to be provided
- Save time, resource, 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