Ensuring your employees are paid correctly and on time is an essential function of any business.
However for many SMEs, undertaking payroll can be an onerous process, fraught with risk.
As a response to market demand, Hunter-based HR consultancy performHR has recently launched a new offering, providing a full service payroll system.
Their new business arm, performPay, allows businesses to be able to confidently outsource their payroll needs.
performHR Payroll Services Manager Kylie Carney said that performPay is a flexible solution that allows individual organisations to tailor their approach.
“We understand that some clients would like to fully outsource their payroll, while others wish to retain some internal elements,” Kylie said.
“Payroll is not becoming any less complex, and the risk of conducting payroll within a business is rising thanks to changes in award interpretation and the cost of auditing.”
“So performPay provides businesses with a full suite of service offerings, without placing unnecessary constraints on them.”
Developed for mid-tier businesses, the system provides a payroll solution for each individual client, which supported the objective of the business.
Kylie has over 20 years experience working with businesses of all sizes on their payroll systems.
Using flexible and scalable systems, the performPay offering provides payroll project management and implementation, payroll processing, self-service, superannuation, general ledger and reporting.
- Payroll Project Management and Implementation
The successful implementation of performPAY's payroll solution starts with project planning and scoping. performPAY will analyse client requirements and configure the payroll system to meet specifications for salary, awards, allowances, deductions, leave and reporting.
- Payroll processing
performPay can process payroll according to the payment frequency of employees, and also any out of cycle payment runs such as bonus runs, month-end adjustment runs, and termination payments required outside of normal processing runs.
- Self Service
Self Service allows both employees and managers an easy way to submit and approve leave, view personal information, manage and approve timesheets, access payslips and more.
- Superannuation Payment Services
The system undertakes calculation and disbursement of employee superannuation contributions to complying superannuation funds via a clearing house arrangement allowing the employer to make only one payment.
- General Ledger
The peformPay software can be configured to produce a general ledger file to business specifications, which will balance to accounts for all accounting periods.
Standard, ad hoc and customised reports are available and able to be automatically distributed as required throughout the business.