In a significant move to streamline payroll processing for private sector organizations, Ciphr, a provider of HR, payroll, and benefits software, has introduced a cutting-edge real-time payroll system. This new software builds upon Shape Payroll, which Ciphr acquired in June 2024, enriching it with an array of features designed to elevate the user experience. With an intuitive interface and comprehensive dashboard, the upgraded system aims to mitigate human errors while reducing manual payroll tasks significantly. Julie Lally, Managing Director of Payroll at Ciphr, emphasized that the new platform addresses the prevalent challenges payroll professionals encounter, offering an efficient, automation-driven, and user-friendly solution.
Seamless Integration and Real-Time Updates
A standout feature of the real-time payroll software is its seamless integration with other systems via Application Programming Interfaces (APIs). This integration ensures that employee data across HR, payroll, and workforce management systems is synchronized flawlessly. Immediate updates to payroll information are made, reflecting real-time changes in individual employment data and enhancing payroll processing’s accuracy and timeliness. One notable advantage of Ciphr’s cloud-based solution is its rapid implementation process. Through a method known as “retrospective parallel run testing,” the software significantly shortens the duration typically required for multiple payroll tests. The improved implementation allows organizations to deploy the system operationally within approximately two months, a considerable reduction from the traditional timeline.
Moreover, this integration extends beyond mere data synchronization. The real-time nature of the system means that payroll professionals can access up-to-the-minute payroll information instantly. This feature is especially beneficial for large organizations with complex payroll structures, reducing the risk of errors and discrepancies. The ability to maintain accurate, updated records without the need for manual entry ensures that payroll processing is both efficient and reliable, enhancing the overall operational efficiency of businesses.
Advanced Features and Security
Ciphr’s new payroll software is fortified with several advanced features to further enhance productivity and user experience. Centralized data security is a key component, ensuring that sensitive payroll information remains protected against potential security breaches. Single sign-on (SSO) capabilities and online access augment the ease of use, allowing users to access the system conveniently and securely. Importantly, the platform promises zero downtime for system maintenance or upgrades, meaning that payroll operations continue uninterrupted, a critical aspect for businesses reliant on consistent payroll cycles.
The software automates various payroll functions, including calculations for rolled-up holiday pay, backpay adjustments, earnings, prorations, absences, and auto-enrollment letters. This automation reduces the administrative burden on payroll teams, enabling them to focus on more strategic tasks rather than routine calculations and data entries. This enhanced functionality not only improves productivity but also ensures compliance with regulatory requirements, thereby reducing the risk of penalties or legal issues arising from payroll inaccuracies.
Transformational Impact on Payroll Professionals
Ciphr, a leading provider of HR, payroll, and benefits software, has made a significant stride in streamlining payroll processing for private sector organizations by launching an advanced real-time payroll system. This innovative software enhances the existing Shape Payroll, which Ciphr acquired in June 2024. The new system comes packed with multiple features aimed at improving the user experience. It offers an intuitive interface and a comprehensive dashboard designed to minimize human errors and significantly cut down on manual payroll tasks.
Julie Lally, Managing Director of Payroll at Ciphr, highlighted the benefits of the new platform, stating that it effectively addresses the common challenges payroll professionals face. The system delivers an efficient solution that relies on automation, making it user-friendly and reducing the likelihood of mistakes. By automating many of the labor-intensive tasks associated with payroll, this new tool from Ciphr stands out as a considerable advancement, poised to transform the way payroll is managed in the private sector.