For Your Payroll

[Applause] nature with one exception time but it is possible to save it and to make it available to others almost as if you could bottle it and put it on the market time to ask questions time to get answers lots of answers millions of answers a second the kind of answers you need answers that give you information today management needs more information than ever before more accurate information faster how fast this office had twice as many girls working twice as fast it wouldn't be fast enough ronald k burnout leon g brent lloyd h byron kenneth p [Music] what you just heard was the sound of 26 000 names being processed electronically how fast was it it would take a single bookkeeper an entire lifetime through what an electronic comp can do in two hours we call this electronic data processing edp to do the same thing the staff of this particular office would have to change from this to this it's not surprising when you come to think about it this is the 20th century every familiar field has a new look today a new look that comes of having new problems to solve this is our new look space age banking at the speed of light where did it come from like all discoveries it was a fresh combination of familiar things somebody once combined coal air and water and produced [Music] nylon uses everything from parachutes and tires to blouses and stockings we combine patterns recording and electronics and came up with computers uses no limit the newest use we have payroll service not just checks and a record but checks on everything on hours worked on the time a given tended machine is in use on the time it takes different employees to perform similar jobs let's see how this new service works how many steps from here to here one two three four five pretty fast eh so fast we'd better have that one again only slowly this time with a few words of explanation initially and only once you enter the names of your employees on these registers you also enter whatever payroll data is applicable then you send the register to us you do this only once after that it is only necessary for you to forward changes to us to be posted at our data processing center the data is punched into data processing cards the cards are fed into the computer and out come the checks and the statements and the records and the payroll data and the answers to questions lots of questions when your checks are ready we will notify you that's all there is to it accurate the odds are 10 million to one in your favor [Music] fast if you had taken edp at the beginning of this announcement your payroll headache would now be over verification certainly the information is verified and balanced against your control totals until our totals tally with yours the payroll will not be run you retain ultimate control confidential machines don't talk in fact because of restricted access to the data your payroll is handled with more privacy than is possible when you handle it yourself comparison where normally in an employer's office a dozen people might handle payroll data with payroll service it would be handled by only one advantages time the computer can handle a given employee's earnings record in less than a second money if you write 50 checks or more manually this system may cut your costs in half [Music] another advantage you may have the benefit of electronic data processing without having to buy or maintain any of the costly equipment needed and without having to train special personnel [Music] suppose you already have such equipment we still save you money you do not need to interrupt your normal workflow for something non-productive besides which payrolls are a part of our business now we can do the work much more economically than you can finally a single employee in the customer service center is personally responsible to you the customer this means that you were always able to deal personally with some one individual this is one of the paradoxes of an electronic age these machines have freed us so that we may devote more time to giving you more personal service here's what you will be getting payroll service prepares and signs paychecks and statements of individual earnings it offers your employees the option of having their earnings credited directly to a bank of america account it prepares cumulative individual earnings records it prepares and files federal income tax state income tax unemployment insurance social security disability insurance it prepares all voluntary deduction records and makes disbursements it reconciles paychecks bank of america's payroll service is standardized to produce low unit costs yet this system is amazingly flexible which means it means that the system is standardized to save you money but set up so that you can get any kind of information obtainable from your basic payroll data how much does it cost the basic charge is a fixed fee for each paycheck issue there are no special charges or setup costs each element of work is priced in advance but what do we mean any kind of information what kind of information can you get are computers detectives sometimes yes it's surprising how much a man can learn from his own payroll for instance if you want to know how much wage costs are in overhead departments [Music] as compared with production departments we can tell you that or if you want to know how much labor is required to manufacture particular parts to determine whether you should manufacture them yourself or job them out we can tell you that too [Music] we can tell you the labor cost of running a distribution point in san francisco and compare this with the cost of a distribution point in los angeles to help you determine whether you should consolidate your shipping operation if you want to determine the exact amount of labor charge to be made for any government cost plus fixed fee contract we can tell you that too this is a kind of intelligent service and decisions important decisions depend on intelligence for instance should you bid on a given contract or not of course that's a decision only you can make but only if you get the necessary facts to make it with and get them fast this can lead to more profitable management information is what we have to offer you [Music] who can use it any employer with 50 or more employees can save himself money by using this service any business of any description if you have your headquarters in california but have employees in other states payroll service can handle the problem [Music] if the payrolls are processed at branch locations all the advantages remain the same if you have headquarters in another state but your california branch processes its own payroll then payroll service operates in the same way as it does for individual firms accounting information required by your home office can be furnished to your specifications payroll service is adaptable to any method of earnings payment salary salary plus incentive salary plus commission or straight commission just tell us we'll tell the computer and the rest will take care of itself well it's quite something isn't it the same type of computers that guide missiles plan space flights run assembly lines also handle payroll service but then what computers do is the drudgery and what they give you when all said and done is time time for you to work more creatively and if there's one thing people always need it's time [Music] time is precious we don't want to take up any more of yours all we want to tell you is this when it comes to saving time electronic data processing is the end thank you [Music] [Music] you