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The payroll compliance platform that lets you fix payroll errors before they happen, makes your payroll team more efficient and gives you the reporting you need to prove to Fair Work your business is compliant.
“Chief executives and board directors are directly responsible for any failures to pay correct wages.” - Anna Booth, Fair Work Ombudsman.
Of respondents in a recent APA survey cited certainty of payroll compliance as the biggest challenge they are currently facing.
A week are spent on time-consuming manual payroll tasks, all in the hope to get pay right for hundreds, if not thousands of people.
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Prevent both underpayments & overpayments by identifying and fixing payroll errors during the pay-run, before pay hits a bank account. Get pay right for every employee, every pay-run.
Avoid costly errors and legal penalties associated with non-compliance. Eliminate underpayments & overpayments, reduce manual compliance checking and stop the need for extensive and costly remediation projects.
Keep a comprehensive audit trail of all changes to facilitate swift compliance validation for stakeholders through reporting and email summaries. Ensure your company can demonstrate proactive compliance efforts to all interested parties.
Streamline and automate manual tasks. By reducing time spent on data cleaning and manual checks, your payroll team can shift their focus to more strategic and value-added responsibilities, to optimise your payroll function.
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Some of Australia’s best known employers are leveraging the power of PaidRight, providing confidence to senior leadership, the board, employees, investors and regulators.
It's important to review your payroll to ensure ongoing compliance and accuracy. Underpaying staff can now be a criminal offence, and payroll can be complex to manage accurately without regular reviews. Mistakes that are missed can lead to costly remediation projects and can do damage to your brand's reputation.
Our implementation phase takes no more than three months to be completely operational. During this time we will build the integrations into your systems, configure your agreements and train your team on how to use the system. We also deliver value from week one by providing you with three retrospective reviews during implementation.
Once operational the system will review your entire payroll in 5 minutes. The use of over 1,800 automated checks make this process extremely fast and accurate.
The pricing model is set-up as an annual subscription to the system. There is an implementation fee that is also charged as a one off payment to get you operational on the system.
We will be guided by you and your legal team on how you want the agreements configured in the system. Our implementation team will work closely with you to ensure the configuration is aligned with your business’ defendable interpretation. If you decide you would like to change your interpretation this can be done at any time in minutes.
There are over 350 data tables that the system produces based on the comprehensive compliance checks that are pre-built. During implementation our team works with you to surface the types of reports that you need.
During implementation we will build the integrations to your systems. During this time we ask you to manually upload your payroll data for the first three months so you gain value from the very beginning and we can understand what your data looks like.
Depending on what system you use, many systems are designed and run by international companies and can’t handle the complex clauses in Australia’s awards and enterprise agreements. These time and attendance systems are not designed to catch errors when being used, which has led to large wage underpayments across every major industry in Australia. Even with the best time attendance system in place your payroll team still needs to check and review each pay - PayPrecision makes that process comprehensive and easy.
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