Case Study: PepsiAmericas achieves $150K annual savings and 83% direct deposit adoption with Equifax Paperless Pay

PepsiAmericas - Customer Case Study

PepsiAmericas, the world’s second-largest manufacturer, seller and distributor of PepsiCo beverages with operations across the U.S. and Central/Eastern Europe, faced high costs and operational complexity from printing and overnight shipping paychecks and stubs to over 170 locations. After rolling out online benefits enrollment and electronic W‑2s, the company sought to eliminate the cumbersome paper payroll process despite concerns about dispersed sites, a mix of union and non-union employees, and adoption risk.

PepsiAmericas implemented Equifax Paperless Pay, starting with a pilot and then a phased companywide rollout to 12,000 employees. The initiative increased direct-deposit enrollment from 76% to 83% (98.3% fully electronic), boosted electronic W‑2 consent to 50%, cut printing costs from $2,400 to $550 per week, saved about $45,000 in HR hours, reduced paycheck-processing overtime by over 65%, and delivered roughly $150,000 in estimated annual savings while enabling employees to access paystubs and update payroll information online.

PepsiAmericas