Employers managing an international workforce and multiple payrolls will soon be able to do so with greater clarity, with new software from Workday.
The Software-as-a-Service-based solution provider for payroll and HR has created what it claims is the industry’s only bi-directional payroll connector. It allows organisations to import data from third party payroll providers into human capital management (HCM) solutions. By including this data in analyses, employers will be able to manage pay levels, allowances and overtime with greater insight, as well as improve cash forecasting.
Workday, whose customers in the UK include insurance group Aviva, facilities management company Rentokil-Initial and mobile communications firm Mach, developed the software from its Cloud Connect for Third-Party Payroll solution.
Packaged in two parts – integrations for named payroll partners and a bi-directional payroll connector that links to any third-party vendor – the connector brings an additional in-bound portion that delivers data into Workday’s HCM.
Workday estimates the in-bound application will manage 75-100% of the effort in creating and maintaining the in-bound data integrations from third-party payroll providers.
Leighanne Levensaler, vice president of HCM strategy at Workday, said: ‘Workday minimises the burden of managing payroll providers around the globe while maximising flexibility and choice in choosing local payroll providers.
‘The combination of Workday HCM and Workday payroll solutions provides enterprises with unprecedented visibility into the true cost of their global workforce and enables more strategic business decisions.’
The software will be available in Workday 15 from November 2011.