Solutions for CFOs
CFOs have been through rounds of cost-cutting and still face unprecedented pressure to do more. If you’re like most, you’ve already trimmed the fat in your organization. Any further cuts will require going directly into muscle and bone – and that’s not pleasant. But what if we told you there’s one more item you haven’t looked at because it hasn’t been visible?
The administrative costs incurred every month – primarily in insurance and payroll – for employee-related programs are sorely underestimated and largely unseen by most companies. Being driven by inefficient business processes, disparate technologies, and procedures that rely largely on tedious administrative tasks, the administration alone of these programs can drain up to $120 per employee, per month from the bottom line.
At Lyceum, we deliver a complete, single-source technology and services solution that provides visibility into the true cost you currently pay to administer critical employee-related programs. This solution delivers significant benefits to CFOs of companies with 50 to 500+ employees:
Make Hidden Costs Visible
What you can see, you can control. The trouble is, until now you’ve not seen the true administrative costs behind your employee-related programs. With Lyceum, you’ll benefit from an integrated technology solution that captures actual costs and delivers them to you through real-time reporting with information you can use to make well-informed cost control decisions.
Uncover New Sources of Long-Term Savings
You’re not interested in saving a few bucks now only to have your costs and fees driven up three months down the line. That’s why we’ve created a technology and services solution that delivers real savings today and for the long-term. Our solution automates critical processes around the administration payroll, employee benefits, and other employee-related programs to change the fundamental way in which these programs are administered for long-term cost control.
Pay Less than Industry Average for Current Programs
Every month you incur fees and expenses around payroll, employee benefits, insurance, and financial services – all to retain your valuable workforce. Sure, you’ve shopped around and negotiated these fees heavily but in the end, these programs reflect the necessary costs of doing business and there’s very little you can do to avoid them. At Lyceum, we not only deliver a technology solution, we also deliver the same quality services you currently have for less than industry average by bringing them all under a single unifying technology and delivering them through dedicated experts with a single point of contact.
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Take the next step and learn more about how our technology and services can provide visibility and give you the power to control administrative costs, more efficiently than ever.
