payroll
independently assure accurate, Consistent, and reliable
payroll
As one of the most significant expenditures for your company,
payroll is increasingly complex and labor intensive with high
volumes of transactions and complex calculations. Even a slight
payroll error can proliferate as it propagates downstream. Payroll
calculation errors can result in tens of millions in fees and
litigation, not to
mention the additional costs stemming from expensive re-runs and
write-offs, lost employee productivity, and federal, state, and
union compliance mandates. Regardless of whether you outsource
payroll, its your responsibility to get it done right.
As the complexity of handling data expands, manual systems
become unmanageable and prone to human error. While the demand in
payroll processes increases, accuracy declines. To resolve these
issues, you must prevent these occurrences by implementing
automated information controls to eliminate errors.
Do you tie up a small army of financial analysts and/or HR
specialists to manually perform validation of payroll? These manual
controls are often inadequate and occur too late in the process to
prevent errors. You need Infogix Controls.
The Automated Control experts
At Infogix, we have over 27 years of Information Integrity
expertise. Many of the worlds leading corporations depend on
Infogix Controls to eliminate transaction processing and other
information errors. In fact many have mandated Infogix Controls as
the standard. And unlike other available options, Infogix Controls
apply to all business processes across your enterprise to ensure
that all of your information is accurate, consistent, and reliable.
Some examples of savings include:
Eliminating manual verification steps in payroll and financial
reconciliation processes. Eliminating unauthorized overtime
payments. Eliminating unauthorized or inaccurate commission, bonus
and salary
adjustments. Reducing errors in tax withholdings, flexible
spending accounts, FICA, Medicare, unemployment taxes, and other
regulated witholdings. Implementing independent automated and
continuous information controls will enable your business to detect
and prevent costly payroll errors before they propagate and impact
downstream systems and employees.
outsourced or not, its your responsibility to
provide accurate payroll.
Proven Benefits Infogix Controls can benefit your business by
eliminating payroll errors in many areas, including:
Reconciliation between payroll sub-ledger and the general ledger
Reasonableness checks on payroll changes between cycles. Validation
of accurate compensation, withholdings, taxes, and benefit
calculations. Reconciliation from each state, federal, and other
jurisdiction withholdings to the GL. Reconciliation of ACH and
direct deposits. Reconciliation between benefits systems, payroll,
and third-party administrators. Validation of employee identifiers
and/or social security numbers/ personal identification numbers
against external sources.
Mitigate Costly Risks with Automation Manual or non-existent
controls and deficient Segregation of Duties is a leading cause of
costly errors and fraud within payroll systems. With increasing
complexity, companies must ensure proper controls to assure
accurate payroll and reporting. Infogix Controls can be applied to
ensure your business rules.
Streamline Auditing and ComplianceInfogix Controls help you
reduce the effort and cost of complying with regulations such as
Sarbanes-Oxley (SOX) and other legislation by eliminating errors
and mitigating information risk points throughout your business.
Enhanced transparency and traceability of payroll processes are
made visible through a secure web-based controls dashboard
portal.
A fully verifiable audit trail of control execution dramatically
drives down audit times. The result is that controls will need
audit testing far less often, and auditors
can obtain virtually everything they need from the control
dashboard portal to walkthrough, baseline, and test controls. With
Infogix Controls, you can continuously monitor controls across your
business.
With a standardized automated control system used throughout
your business, you will streamline your audit and compliance
efforts, and save time and money.you can continuously monitor
controls across your business.
With a standardized automated control system used throughout
your business, you will streamline your audit and compliance
efforts, and save time and money.
Eliminate Errors Upstream and Downstream Infogix Controls can be
standardized throughout your business. That means chronic error
sources upstream from payroll can be outfitted with controls. Youll
find value in controls that can assure business processes that span
from customer quotation to billing and beyond, to financial
reporting. These end-to-end controls are only possible through a
flexible controls platform technology that works with virtually any
source data on any computing platform.Additionally, since
non-programmers can easily create and maintain Infogix Controls,
you will be able to quickly and economically keep your controls in
sync with changing business rules and regulations.
Assure Accuracy in Your Payroll InformationInfogix offers
best-of-breed independent, automated, and continuous controls to
assure that your payroll is accurate, consistent, and reliable.
Contact us today to learn more.
to learn more about how infogix Controls can help you eliminate
payroll errors, call us at +1.630.649.6800 (U.s., Canada, and
international), or visit www.infogix.com.
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their respective owners. 2009-12-18 For a list of infogix
trademarks, visit: www.infogix.com/legal
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