Equifax (NYSE:EFX) has recently announced the so-called Power of Attorney Manager, which is described as a centralized digital platform intended to help transform how employers keep track of, and manage the power of attorney process for any outstanding unemployment claims. Supported by the Equifax Cloud, the UC Power of Attorney Manager aims to streamline the POA process, allowing employers to submit, track, and complete POAs across entities digitally to help “save time and reduce administrative burden.”
When workers engage third-party experts to support their UC programs, they are often required to complete POA forms given by their state unemployment agencies.
Each state has a POA process as “part of its UC management.” This makes the process more complex, especially for large employers with various entities and employees in several states, and in states where employers are “required to register third-party administrators online.”
The UC Power of Attorney Manager consolidates POAs via a central portal, sorting documents by the state’s signature requirements, “using AI to review completed POAs for improved accuracy, and providing instructions for each form.”
This enables employers to reduce “manual review, helping them respond to claims faster while improving accuracy with state requirements.”
The UC Power of Attorney Manager joins the complete range of Equifax UC management services developed to help employers “reduce unemployment risk and better control costs through more automation and stronger regulatory practices.”
These are part of a portfolio of Equifax HR management solutions that assist workers with payroll, tax management, and regulatory requirements.
At Equifax, they claim to believe “knowledge drives progress.”
As a data, analytics, and technology firm, they play a key role in the global economy by helping FIs, firms, workers, and government agencies make decisions with confidence. Their combination of differentiated data, analytics, and cloud tech enables insights to support decisions to move people forward in a meaningful manner.
Headquartered in Atlanta and supported by employees worldwide, Equifax operates or “has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region.”
