Payroll Insight
Automate Controls Monitoring for Payroll Processes
- Product Overview
- Key Benefits
What is Payroll Insight?
Payroll Insight automates payroll controls monitoring and improves visibility into payroll-related master data, configuration settings and transactions within your ERP systems. Unusual and inappropriate settings and transactions are proactively flagged so you have confidence that payroll is correct and only legitimate pay and benefits are issued.
Payroll Insight Software Capabilities
-
Detailed Monitoring of Payroll Controls
Continuously monitor payroll-related process configurations such as area status, remittance rules, and controls records; master records such as infotypes for personal data, base pay, bank details, and attendance; and unusual transactions such as unusual entries in CATS database table, index table for HR IDOCs, payroll posting documents, and settlement data.
-
Best Practice Business Rules
Use the out-of-the-box payroll rules to immediately assess your payroll process. Rules are managed in rulebooks that can easily be edited, locked, and assigned owners. Easy-to-use graphical interfaces enable business users to update and write new rules.
Automated Reporting
Automate reporting with pre-configured business friendly reports providing detailed information. Reports are easy to configure and can be delivered in multiple formats including Microsoft Excel, Adobe PDF, HTML.
Proactive Notifications
Proactively alert appropriate managers via e-mail whenever critical system settings are changed or business rules are violated. Users can also subscribe to regularly receive reports via e-mail.
Reduced Fraud & Mistakes
Stop unnecessary duplicate payroll runs, potentially fraudulent payments, and improper payroll accounting. Identify unusual or suspicious configuration changes as soon as they occur so immediate action can be taken.
Policy Enforcement
Automate controls for the financial close process and flag transactions and users that circumvent defined procedures without slowing down the close process.
Reduced Audit Preparation Time
Eliminate time spent running reports, documenting approvals and investigating anomalies. Automate the monitoring of controls and the associated documentation so an audit trail is maintained.
Improve Effectiveness of Payroll Controls
Replace manual sampling with automated, comprehensive monitoring. Quickly identify any important configuration changes to reduce the likelihood of fraudulent or mistaken payroll payments.
Additional Product Resources