SYDNEY - 4 August 2022 - Equifax, the global data, analytics and technology company, has today announced the enablement of its partnering arrangement with enterprise HR software company Tambla. The partnering helps Tambla’s client companies enhance and protect their employees’ data when that is provided for employment and income verification purposes, through use of the Equifax Verification Exchange® platform.
Proof of employment and income information is required by employees when applying for many financial and other services. It can often be a time consuming process for corporate Payroll and HR departments and involve employees downloading payslips and employment letters to send to third parties through unsecure channels such as email. This puts employees at increasing risk of identity theft and introduces risks of internal fraud and potential reputational damage for organisations.
The Equifax Verification Exchange® eliminates the need for manual processing and ensures that, with the consent of the employee, employee personal data is shared securely and digitally when it needs to be verified by a financial institution, broker or other third party as part of an application for services such as mortgage or personal loan.
The partnering arrangement provides Tambla clients with access to the Equifax Verification Exchange® via SAP Payroll platforms, and is available to both private and government organisations, as well as large businesses or SMEs, at no cost.
Dylan John, Executive General Manager of Workforce Solutions at Equifax, said “The Verification Exchange enables a secure digital process for employment and income verification, reducing the risks around sharing employee data, improving security and compliance processes, and enables your employees to have a much better experience when they choose to apply for credit.”
Lee Alexander, Chief Marketing Officer of Tambla, said “This partnering is a great opportunity for organisations, with SAP Payroll solutions, to improve protection of employee data and enable greater efficiency. We’ve created an SAP connector that allows employers that use SAP to connect to the Verification Exchange quickly and easily, and with no demand on resourcing. We are delighted to offer this solution to both our existing SAP customers and any other organisation using SAP payroll that is looking to take advantage of the Equifax Verification Exchange.”
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ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 13,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.au or follow the company’s news on LinkedIn.
Equifax Workforce Solutions is a trusted leader in meeting the evolving employment income verification needs of clients in Australia. Our Verification Exchange solution improves efficiency, reduces risks and enables employee financial wellbeing. We are driven to bring innovative, robust and secure workforce solutions that can enable Australians to live their financial best. Contact us for more information on how we can help your organisation offer this financial wellbeing service to your employees.
ABOUT TAMBLA
Tambla is an innovative enterprise HR software company delivering cloud-first, intelligent workforce solutions to organisations with large “shift-based” workforces. We provide these companies with the tools to ensure visibility, optimisation and compliance of their workforce globally.
Tambla has been at the forefront of IT solutions for over 45 years and our solutions deliver substantial financial and operational advantages to companies by aligning people, process, and performance, making the modern workforce more productive, reducing fixed & variable overheads, and increasing profitability.
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The information in this release does not constitute legal, accounting or other professional financial advice. The information may change, and Equifax does not guarantee its currency or accuracy. To the extent permitted by law, Equifax specifically excludes all liability or responsibility for any loss or damage arising out of reliance on information in this release and the data in this report, including any consequential or indirect loss, loss of profit, loss of revenue or loss of business opportunity.
