Case Study: Monster, Inc.

Company Description

Monster Inc., manufactures and sells high-end audio and video equipment, including headphones and cables. The company has about 400 employees world-wide.

Business Need

One of Monster’s biggest challenges was the lack of adequate customer service from their prior HR software solution. The company also wanted a system that fully integrated their HRIS, payroll, recruiting and time systems to eliminate errors caused by manual, dual-data entry.

It was also important for Monster’s human capital management system to be able to track international employees while cutting expenses.

Main Concerns

• Lack of quality customer service and support with prior vendor
• Error-prone manual entry in carriers’ systems during open enrollment
• Usage of spreadsheets to house international employee data
• Desire for a more affordable system and greater productivity

Desired Requirements

• Seamless integration between HRIS and payroll systems
• Real-time manual check calculations and ability to spread taxation over any number of weeks
• Direct benefits enrollment feed directly to carriers
• Ability to use HRIS as database for non-U.S. employees
• Benefits management that stores employee data and seamlessly shares benefit deduction data with the payroll system

Why Ascentis

• Extraordinary customer support, including a designated support representative
• Ease of use and fully reportable historic employee data
• Employee access to online benefit enrollment
• Real-time processing for payroll
• Ability to customize tabs in HRIS and ability to add custom audit reports to the payroll process

Outcome

• Cut expenses by 40% as compared to the total cost spent with prior vendors
• Direct carrier feed eliminates time spent entering benefit enrollment in carrier systems
• New hire data seamlessly flows from HRIS to payroll and eliminates need for dual-entry
• Built-in and customizable workflows reduces need for manual data entry
• Streamlined new hire process and new employee orientation
• Self-Service reduced HR and payroll labor hours by keeping data changes and online open enrollment in hands of employees
• History of job titles and pay rates is easily accessible in the system
• Easy and paperless open enrollment periods
• Easy and quick reconciliation of carrier invoices

“Ascentis allowed us to cut our expenses by 40% as compared to the total cost we were spending with prior vendors.”
-Zhanna Sokolsky, Payroll Manager