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Research Outline
Prepared for Ethan R. | Delivered December 11, 2019
Equifax and InVerify, Competitive Analysis
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Goals
Provide a competitive analysis of
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and InVerify that includes strengths, weaknesses, market share, and if and how these companies work with payroll providers
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Early Findings
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Key strengths
of
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include a high level of customer satisfaction, strong free cash flow, a strong dealer community promoting the company's products, and reliable suppliers.
It is also noted
that the company has strength in that it has been intentional in building a connection between their distributors and dealers, and invested in training their sales team to show customers how to gain maximum benefits from their products.
Key weaknesse
s for
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include the need to invest more in new technologies to keep up with their company vision within the industry, as well as a high employee attrition rate that forces them to allocate more resources to training
a
n
d development of employees than their competitors.
In terms of payroll and payroll related solutions,
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offers services
around HR payroll services, payroll tax and payment compliance needs.
InVerify
InVerify
offers the key strength that all of their services are integrated, thus using the service often frees up time for HR.
They offer
a wide range of services,
including gathering verification information needed to apply for a loan, home mortgage, new job, rental qualification, or social service benefits such as temporary assistance, housing assistance, child support, or nutrition assistance.
Employment related services
include employee self services for payroll and employment verification services and payroll services for HR departments.
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