Human Capital Management Solutions | PayFWDs
PayFWDs offers businesses a true unified Human Capital Management platform for payroll services, HR, timekeeping, scheduling, recruiting, and more
Payroll
Payroll
Benefits
Our payroll solution, a module in an integrated, cloud-based human capital management (HCM) suite, continually processes payroll in real time so it’s ready at the click of a button. This easy-to-use solution provides the automated tools and high-quality information needed to help you control labor costs, minimize compliance risk, and improve workforce productivity.
Features of the Payroll Module
Automated, Accurate Payroll Data
More than 18 percent of payroll processing time is spent on data entry tasks, which also rank highest in error-prone activities at 35 percent.*
Real-Time Payroll Alerts
Receive alerts throughout the payroll process to flag issues and reduce errors.
General Ledger Interface
Export information to your accounting system formatted to your GL structure.
Geo-Spatial Tax Engine
Obtain information directly from local taxing authorities. This tool uses the precise geographic coordinates of an employee’s residence and work address to accurately depict the local taxes that apply.
Perfect Paycheck Analysis
Get an at-a-glance summary of your total payroll liability, a comparison of this week’s total payroll to the previous week’s, and a rolling 12-month view trending total labor and expense changes. This report helps ensure calculation of the perfect paycheck.
Deliver Multiple Payment Methods
Pay employees using their preferred method. Direct Deposit, Check, or Paycard.
* Virginia McMorrow, Mercer Payroll Benchmarking Survey 2015, Payroll Operations Country Survey United States, Mercer LLC (2016), 19.
Tax Engine
Imports information directly from the local taxing authorities providing confidence that your payroll is accurately being processed, and your business remains in compliance.
Tax Filing
PayFWDs manages your federal, state, and local filing to save time and mitigate risk.
Compliance & Reporting
Real-time reporting enables you to analyze payroll activity and trends, verify processing benchmarks, and support regulatory compliance.
Security
Multilevel security and access for differing groups means that managers, leadership, and operations can schedule and view their own reports with varying degrees of detail. Managers can see the total cost of labor and make more informed decisions regarding operations.
Garnishment Services
Catalyst streamlines garnishment processing to save time and reduce administrative efforts.
Tax & Compliance
Empower Employees
Self-Service Tools
Mobile and self-service promote employee entry of administrative personal data such as W-4 and direct deposit information, address changes, and state and local tax changes. The more that employees can enter their own information and seamlessly update the payroll system, the less time and effort for the administrative team.
Access Data Wherever, Whenever
Give employees on-demand access to payroll information, including pay stubs and earning histories, through an easy-to-use mobile app and online self-service tools.
Access to Real-Time Employee Data
Drives productivity, increases employee engagement, and allows employers to make more informed business decisions.
Simplified Reporting
Built-in tools make it simple to modify standard reports and to sort, group, filter, or customize report content for any time period.
Reduce Payroll Error
Workflows and checklists within the payroll application help organizations stay in sync and cut down on errors and time from manual and separate worksheets to track the payroll process
Empower Employers
70 percent of high-performing companies are using analytics to gain a better understanding of the drivers of employee performance and engagement *
*https://www.ey.com/Publication/vwLUAssets/EY-Partnering-for-performance-the-CFO-and-HR/$FILE/EY-Partnering-for-performance-the-CFO-and-HR.pdf
Manage your workforce on the go
Mobile self-service gives employees on-demand access to payroll information, including pay stubs and earning histories. Self-service also lets employees change direct deposit details, update W-4 forms, and even print W-2 forms.