Affecting the financial health of companies, employee motivation, and adherence to legal obligations, payroll management encompasses numerous challenges. This underscores the importance of rigorous monitoring, notably through the use of payroll software like SAGE Payroll. Discover all its features and benefits.
What is SAGE Payroll?
Sage Payroll streamlines salary management.
How does it achieve this? Through its functionality and extensive options. As it is cloud-based software, you can access all your data from anywhere, at any time.
The available options allow you to create entries for each employee, define payments and deductions, accurately calculate tax obligations, automatically generate pay slips, transmit declarations to tax authorities, and much more.
What are the features of the Payroll software?
From generating pay slips to managing retirement plans and conducting payroll analysis, SAGE Payroll enables comprehensive 360º payroll management.
Payroll Processes
SAGE Payroll’s primary function is to enhance payroll processes, and the platform offers a wide range of advanced features:
- Preparation and customization of pay slips (such as with weekly, bi-weekly, or monthly payments);
- Management of advances, including generation, transfer, and control;
- Management of withholding taxes;
- Centralization of payment history with dual storage of pay slips;
- Integration of expense reports and meal vouchers;
- Synchronization with employee attendance (particularly regarding sick leave or vacation requests).
With this payroll software, the risk of error is significantly reduced, ensuring maximum employee satisfaction and compliance with legal requirements.
Compliance
With GDPR (General Data Protection Regulation), DSN (nominative social declaration), and electronic invoicing, companies face numerous legal obligations, which can heavily burden small organizations. Fortunately, with SAGE Payroll, compliance is simplified.
Regarding GDPR, SAGE is committed to adhering to European regulations. Evidence of this commitment is that the company has achieved ISO 27001 certification, indicating compliance with international information security management system standards.
Regarding DSN, this solution helps you automatically calculate taxes, social contributions, and other mandatory deductions, thereby eliminating human error risks. Once calculated, a dematerialized file containing all social information is automatically sent to the tax administration.
In terms of electronic invoicing, everything is digitized with SAGE Payroll.
With each new regulation, SAGE automatically updates, allowing you to remain compliant effortlessly.
Moreover, SAGE Payroll facilitates the outsourcing of accounting. Your accountant gains privileged access to verify and correct any potential data errors, adding an extra layer of security.
Retirement Plan Management
SAGE Payroll not only manages the payroll of current employees but also handles part of their compensation after departure. More specifically, it manages their supplementary retirement.
This management occurs on several levels:
- Automatic calculation of employee retirement contributions;
- Distribution to Agirc-Arrco;
- Enrollment of employees with the pension fund to which the company adheres.
Employee Access
While payroll management is particularly significant for HR teams and accountants, it also directly concerns the employees. It is logical, therefore, for them to have simplified access to data related to their salary, leave, expense reimbursements, retirement, etc.
Once again, SAGE Payroll demonstrates its utility. The software centralizes all data for each employee, granting them access to all personal information. Employees can thus view their pay slips independently, without needing to contact HR each time.
Good to know: SAGE Payroll is also available as an application, allowing employees to access their documents from anywhere.
Reports
Payroll management is essential to HR strategy, and SAGE Payroll makes optimization straightforward, notably through analytical accounting features and analytical reports.
Thanks to visual and intuitive dashboards, you can assess key indicators, such as hours worked, absences, social benefit-related costs, or salary variations.
This detailed analysis of payroll and associated costs enables you to make more informed decisions, such as anticipating future needs and adjusting budgets accordingly.
By simplifying and automating salary management, the SAGE Payroll software has become indispensable for human resources services. To leverage it fully, it is essential to train using the tool. This is precisely what is possible with DataScientest.