A list of must-have modules within modern payroll systems
Whether you are a first time purchaser of payroll processing software, or simply upgrading your existing system to the more modern Cloud-enabled system, knowing your options is essential.
Here is a definitive list of features of what you should expect from modern payroll systems.
| Cloud System: | Removes the need for in-house software, IT systems or support. SaaS exists in the cloud. | |
| Time & Attendance: | Award interpretation of start/finish times and/or hours into payroll codes. Includes overtime and shift based allowances. | |
| Time Sheet Management: | Capture time online and feed into payroll. Ensure integration with external project and ERP systems. | |
| Workflow and Automation: | Easy to configure workflows, create your own rules for different scenarios. | |
| Compliance: | Fully compliant with all EBA requirements, employment Relations Act and IRS requirements. | |
| Centralise Documents: | Centralise and electronically store all employee documents for easy access. | |
| Date Sensitive: | Automated date sensitivity for new starters and terminations, removing manual intervention. | |
| End of Year: | Automated end of year requirements and reporting. | |
| Event Notification: | Notifies you and others of outstanding tasks to ensure accurate outputs and sign offs. | |
| Flexible Dashboard’s: | Create and customise your own system screens and views. | |
| General Ledger: | Configurable mapping tools for finance system interface and required file outputs. | |
| Help Desk: | Unlimited help desk support with online tutorials. | |
| Labour Costing: | Measure and track labour costs as they occur, at cost centre, job or project level. Compare budg.et vs actual costs. | |
| Leave Management: | Automated accruals and rules. Leave history records. Employee and manager self-service options |
| Multi-Position Management: | Employees in multiple positions are paid according to their award at the time of occupancy. | |
| REM Packaging: | Models and manages remuneration packages including FBT, budgets, superannuation and cash. | |
| Reporting: | Easily extract information available in any format. Schedule, auto-generate reports and workflow. | |
| Retrospectivity: | Automatically calculates and updates historical transactions and outputs/systems to reflect actual figures. | |
| Self Service: | Easy to use self-service functionality for data capture and automated workflow. | |
| Simple Tax Filing: | Electronic file production and submission of files to government departments. | |
| Single Employee Masterfile: | Central record and management of employee information across system modules (i.e. HR and Roster). | |
| Super Clearing: | Superannuation clearing facility. | |
| Termination Wizards: | Easy to understand wizards step you through compliant processes. Redundancy quotes. | |
| Zero Errors: | Quickly analyse payroll data and compare to prior periods, highlight risk or possible errors. |
