Reducing costs and workload.

Workforce Solutions from Equifax provides insightful human capital solutions for the HR, payroll, tax, and compliance needs of today's employers.

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  • What You Get

  • How It Works

  • Results

  • Resources

What You Get

Instant Verification

Verification Exchange™ from Equifax provides automated employment and income verification to accelerate decisions for credit, loans, and government assistance on behalf of employees.

Controlled Access

Verification Exchange complies with Canadian privacy legislation, ensuring that only the organizations requesting information with proper consumer consent and permissible purpose have access.

24/7 Availability

Employment records part of Verification Exchange are available instantly, 24/7. Employees can apply for credit, housing, or government aid when it is convenient for them and on their timeline.

Increased Security

Employers can decrease their workload in verification fulfillment while also decreasing their risk to liability and increasing the security of employees’ information.

Employee-Centric Benefits

The timely, efficient, and secure application process helps to increase the speed and accuracy of decisions by lenders and government agencies for employees.

Employee Privacy

Employees can feel a greater sense of confidentiality when conducting their personal business as our Verification Exchange service is designed to help keep the process and transfer of information secure.

How It Works

Employees encounter life events and financial choices as consumers, such as buying a home, a car, or applying for government benefits.

That's why Ultimate Software partners with Verification Exchange™ from Equifax to offer an automated employment and income verification solution that streamlines the transfer of payroll information to verifiers–minimizing administrative tasks and enabling HR to focus on strategic people management initiatives.

Our integration enables the exchange of employee data from UltiPro® into Verification Exchange from Equifax. The database is updated every payroll cycle with employer-provided data. That way, verifiers can always count on getting access to detailed salary, income, and work history information needed to make credit or program qualification decisions.

Verification Exchange by Equifax is CRA compliant, and all employee information is protected by unparalleled security credentials and certifications. With a secure and automated verification process, the risk of human error is greatly reduced.

With Verification Exchange from Equifax, you'll get:

  • Automated, secure process for employment and income verifications
  • Reduced risk liability as payroll information is provided by Ultimate via an integration
  • Increased time savings for staff and reduced costs for the organization
  • Faster consent and approval process for employees
  • Instant employment and income verification services 24/7

Customer Results

Residential Lender

"As regulation in the Canadian mortgage industry has changed, we’ve introduced Verification Exchange from Equifax to help improve overall quality and efficiency. The impressive turnaround times and user-friendly processes have allowed our operations to handle increased volumes, while strengthening loan quality."

Current Customer | Director

Resources

Resource Library

To learn more about the employment and income verification services that Equifax offers in Canada, check out our product sheets and videos in our resource library

Browse our resource library.