MyReloWorks® is a paradigm shift for most corporate clients and RMCs (relocation management companies”, states Mark Olsen, President and CEO of Parsifal Corporation. Potential end-users are primarily corporate transferees that have traditionally been given lump sums, a model which relocation procurement managers have found simple and (somewhat) convenient.
Mr. Olsen also explains that, one of the bigger challenges continues to be convincing relocation procurement staff that this technology is a substantially superior service. As a result, it can be assured that it’s worth breaking the old “cut a check” habit and making a new “self-directed allowance” (SDA) habit. Some corporate clients have seen the sense in this but still find making the commitment to change a difficult decision for various reasons.
The Parsifal development team, with a strategy directed by Mark Olsen, designed the process to begin as the Corporate Client (CC) sets up the SDA dollar amount in the transferee (EE) MRW™ account. Then the EE books the move on MRW™ and completes the move. After the move, the Service Provider(s) (SP) submit invoices via MRW™. An audit is performed and adjustments are made by Parsifal if needed. The Transferee has access to both the original and final audited copies of the invoice. Mr. Olsen has stated that it is important for Parsifal Corporation to be involved in finalizing the process with the actual billing facilitating the invoices to be paid up to the Total Allowance. Then the audited and approved bills are processed and paid by Parsifal. There are several very flexible options for Residual SDA including, 1. Returning to the CC, 2. Using towards other relocation expenses, or 3. Cash out by the EE.
The Parsifal development team, with a strategy directed by Mark Olsen, designed the process to begin as the Corporate Client (CC) sets up the SDA dollar amount in the transferee (EE) MRW™ account. Then the EE books the move on MRW™ and completes the move. After the move, the Service Provider(s) (SP) submit invoices via MRW™. An audit is performed and adjustments are made by Parsifal if needed. The Transferee has access to both the original and final audited copies of the invoice. Mr. Olsen has stated that it is important for Parsifal Corporation to be involved in finalizing the process with the actual billing facilitating the invoices to be paid up to the Total Allowance. Then the audited and approved bills are processed and paid by Parsifal. There are several very flexible options for Residual SDA including, 1. Returning to the CC, 2. Using towards other relocation expenses, or 3. Cash out by the EE.