Korda Mentha Australian and New Zealand Payroll is Complex, with High Penalties and $ Costs for Not Getting it Right.
The media is full of multi-million dollar penalties and costs in getting payroll wrong.
Payroll compliance begins with effective employee record keeping, which includes employment contracts, rosters, employee timekeeping, and required approved and accepted timesheets. It also involves automated, minimal paper-based off-system calculation, award interpretation, and validation of the award instruments. That’s Inzenius.
The following presentation, sponsored by Frontier, an Australian-based payroll software business like Inzenius, by Corder Mentha, provides a good overview of the challenges in payroll compliance.
The presentation highlights the need for adequate recordkeeping and the responsibilities of boards, management, and line supervisors in processing quality data and analysing the integration process, from rostering to payroll completion.
Inzenius’ all-in-one, out-of-the-box Rostering, Timekeeping, Award Interpretation, Timesheet, and Payroll system delivers all the required steps without the need for third-party data transfers, which can be complex due to costs and integrations.
Inzenius addresses the issues covered, including:
- Australian & New Zealand Award Interpreter Compliant
- Auto analysis capability design is being built into the FWO role-based award conditions
- AI functions are being created for award rules integration and compliance reporting
- Owned and built by an Australian company
- Single source of truth with its all-in-one system with no 3rd party interaction required.
- Line management to payroll, efficient configurable UI design
- Contemporary employee engagement capabilities
- Inzenius innovation, including the creation of AI components for
The Korda Mentha Payroll Compliance Presentation: