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A unique feature of the NTEC business model is the provision of shared services to Program Companies. Obtaining office services and equipment is often time-consuming and costly for emerging companies. Furthermore, with no credit history and limited funding, much that is needed is simply not available to early-stage entrepreneurs.
NTEC has addressed this company "pain" by negotiating preferred rates for a number of important shared services, including payroll, insurance (health, life, etc.), 401(k), accounting, IT support and management, human resources, legal, Web site design and management, and interim CFO assistance. Program Companies can elect to contract these services on their own through NTEC's network, or NTEC can manage the billing and accounting on their behalf.
The table below summarizes the Shared Services that are available to NTEC Program Companies.
|
|
Standard |
Fee Based |
3rd Party |
|
Shared Services |
|
|
|
|
Payroll |
|
|
X |
|
Benefits |
|
|
X |
|
Accounting/Billing |
|
|
X |
|
IT Support and Management |
|
|
X |
|
Insurance |
|
|
X |
|
Human Resources |
|
|
X |
|
Web Site Development and Management |
|
|
X |
|
Interim CFO Assistance |
|
|
X |
|
Legal |
|
|
X |
|
|
|
 |