Solution
Payroll Parallel Reconciliation Tool
Innovative tool that makes Parallel runs a piece of cake
Overview
Payroll activities must be accurate to eliminate any loss to the company. Hence, before using any payroll system, we have to be sure that it will come up with accurate results, as there is no turning back after the payments have been made. Therefore, the payroll implementation has to go through various parallel runs To ensure such accuracy.
A parallel run is an activity in which the results of the newly implemented payroll system and the currently used payroll system are matched, and the results are diagnosed.
A parallel run is a crucial step in payroll implementation as it ensures accurate results in the new payroll system. Moreover, the payroll parallel run gives us the platform to rectify the results of the newly implemented system in case of any mismatch of results.
A parallel run is a crucial step in payroll implementation as it ensures accurate results in the new payroll system. Moreover, the payroll parallel run gives us the platform to rectify the results of the newly implemented system in case of any mismatch of results.
How We Can Help
Most implementations fail because the method used during payroll parallel runs needs to be more accurate. In addition, most of the implementations rely on Excel sheets. The data from the new Payroll and the Legacy systems are brought to excel sheets and then matched using several V lookups.
These methods are prone to error, and the limitations of Excel make the processing extremely slow. Also, comparing elements, balances, and payments take much attention and manual work.
To eliminate such scenarios, PCL has developed an innovative tool that makes Parallel runs a piece of cake to carry forward. The tool manages to overcome all the difficulties faced in parallel runs regarding comparisons, tolerance and processing.
To eliminate such scenarios, PCL has developed an innovative tool that makes Parallel runs a piece of cake to carry forward. The tool manages to overcome all the difficulties faced in parallel runs regarding comparisons, tolerance and processing.
Key Services of the Product
No additional license cost (entire comparison done in SaaS only)
Cost Reduction in time and effort for Payroll Validation
Risk Mitigation by automating the process of identifying discrepancies
Person Extra Information and Gross to Ney Pay data secured & purged
Crucial comparisons like gross salary, earning & deduction element
150+
payrolls made easy
66%
reduction in payroll sign off time
20+
hours saved by avoiding unforeseen issues
Case Study
Standardising Global HR Processes with Oracle HCM of Global Pharma
The implementation of Oracle HCM Suite provided a comprehensive solution for the global HR challenges faced by Global Pharma. The suite enabled the organisation to standardise HR processes and data management across all countries, resulting in improved consistency, accuracy, compliance, and data-driven decision-making.
Case Study
How Fruit of The Loom addressed Global Payroll challenges across 8 countries using PCL Global Payroll on Oracle HCM Platform
The implementation of Oracle HCM brought significant benefits to Fruit of the Loom. The scalable design allowed them to efficiently acquire two companies with over 700 employees. Processes such as benefits, new starter, leaver, leave payment, and OT and shift differential payment were streamlined. Compliance management for tax reporting improved, with better review processes and audit data availability…
Case Study
Riverside increases employee engagement, reduces payroll sign-off time, and realises a return on investment in less than six months using Oracle HCM Cloud
Technology
BGC Partners transformed HRIS and 22 payrolls in just four months with 99.82% accuracy
BGC Partners overcame payroll issues with an integrated, end-to-end Oracle Cloud HCM resulting in significant time savings, allowing focus on strategic initiatives.
Case Study
Social housing company transforms talent management processes and improves employee experience with Oracle
The Riverside Group is one of the UK’s leading registered social housing providers, with over 3500 employees and over 75,000 homes
