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5 things every CFO should know about Payroll avanti.ca
©2014 Avan So ware Inc. All rights reserved.
ACCURACY
Accurate payrolls are essen al for employee confidence in your organiza on and for ensuring you do not
end up with costly penal es or overages for not calcula ng remi ances or other items like benefits
correctly.
You can expect your HCM solu on to calculate regulatory remi ances correctly and to provide you with all
the informa on you need to pay them on me and accurately to ensure you never have a fine or penalty applied.
When we implement new systems at Avan , it is common for us to find that a legacy system is setup incorrectly for CPP and EI. Many mes
overpayments were made and although the employee can get their overpayment back, you cannot get your corporate overpayment back.
You can have a solu on that balances expenses even a er termina ons are processed.
We've heard stories of people who were no longer on the payroll, but were s ll ge ng paid or that benefits have been significantly overpaid as
there was no easy tool to reconcile them and verify the balance against the bill from the provider.
Make sure your HCM solu on can perform audits to ensure that you aren't con nuing to pay benefits for terminated employees.
BE IN THE DRIVER'S SEAT
ELIMINATE OVERSIGHTS
Accuracy pays off
Accurate payroll processing
benefits your company by providing
confidence in your employees.
