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Technology Process
Automation

Overview

OVERVIEW Payroll Cycle

The payroll cycle never changes. The same tasks need to be complete every payrun. Data gathered, checked, verified and processed to ensure employees are paid on time and accurately. iConnect automates these repetitive tasks to help speed up the payroll cycle, improve accuracy and reduce payroll errors.

Process Automation

iConnectProcess Automation

A typical payroll cycle is based on what has already happened in previous payroll runs. All data is input at the start of the process, reviewed, processed and approved before funding is released for payment distribution to employee bank accounts.

TYPICAL GLOBAL
PAYROLL CYCLE

INPUT COLLATION

PAYROLL PROCESSING

Review

Funding

Pay

Based on what has already occurred

Based on what is planned to occur, but is subject to change

The problem with this is that details are subject to change on a monthly basis – bonus payments, new starters, leavers, pension changes etc.

Because this is such a manual process, time to process gets squeezed and the payroll department is put under serious pressure.

Multiply this by multiple countries worldwide and it becomes especially difficult to manage.