In our March issue of PPA Press, we introduced our new payroll platform, iSolved. We have smoothly migrated one-third of our customers so far, and have received overwhelmingly positive feedback. As the process continues, we welcome feedback of all kinds so that we are constantly improving the process.
General Ledger Integration
One of the key advantages of our new platform is that it interfaces with virtually any accounting system, eliminating double entry and allowing for more sophisticated reports. Plus, new custom general ledger reporting is a snap.
This helps clients easily figure out the labor burden of any job. In fact, it gives the burden by hour for each employee—including their hourly wage, workers’ compensation, employer taxes, Medicare, Social Security, unemployment (fed and state), union dues, health insurance and 401K contributions.
“This kind of robust data helps our clients easily see and analyze the cost of doing business from a labor standpoint – which is almost always their largest expense,” says Paul Sivak, Executive Vice President/Principal at Precision. “With this system, you will be able to see and manage cash flow and job costing in your own customized system.”
“This is all done with the click of a button,” says a client. “Precision Payroll’s new system gives me instant management of my cash flow, which means I am much less stressed.”
Have you ever thought to yourself, “I wish Precision Payroll could do (fill in the blank here)? With our new platform, iSolved, it’s very likely that we can!
Our new system brings together the essential functions of payroll and HR—simplifying the process of managing your company’s most important asset: your people. In one flexible and easy-to-use system, we can provide everything needed to manage a workforce, with no double entry.
Through the Benefits module, you can provide an open enrollment interface that leads employees through the process step by step. Tracking accruals can also be done here, as well as retirement plan services and employment tax credits.
The HR function also offers a way to store and manage employee data, such as performance reviews, compliance reports and new employee onboarding.
Integrated Time & Attendance (Coming Soon!)
An integrated Time & Attendance tool that interfaces directly with your system is also on the horizon. This will eliminate the need for manual entry, saving time and avoiding human error.
Because the system is scalable, PPA will work with each client to determine the components of the new platform they will need – which may also expand over time as their company grows. “We’ve always been about customized solutions,” says Sivak. “This platform is flexible and adaptable to meet each client’s specific needs. It’s the perfect fit.”