Outsourced Cloud Payroll.
Running payroll is a challenge for every business. According to the IRS, 33% of employers make payroll errors annually, but many organizations overlook their risk and remain with aging payroll software. Whether you have two employees or 200,000, they must get paid on time, regardless of logistics or cash flow changes.
Synchrony Payroll by Rizing is a fully scalable cloud-based solution that helps you mange your payroll.
Our package of pre-built accelerators, processes, and localization with the industry-leading SAP SuccessFactors HCM Suite, allows you to go live faster. This ensures you realize business benefits in an accelerated manner and minimize your HR and payroll departments’ focus on “back office” tasks. Help them focus on strategic initiatives such as attracting, hiring, developing, and retaining talent.
Why Synchrony Payroll?
Scalable and multinational
Synchrony Payroll grows with you, from a startup to a significant multinational player and every size in between. Our solution will scale with you as you grow.
Fully integrated end-to-end solution
Employee master data and compensation adjustment data flow seamlessly from your core HR Employee Central system to Employee Central Payroll, creating timely updates and avoiding dual data entry. The payroll process includes automated payments, financial postings, third-party remittances, garnishments, year-end processes, and legal reporting.
Our pre-packaged accelerators provide cost-effective subscriptions and accelerated time to go live, streamlining your core HR and payroll processes. We have developed a comprehensive solution that provides for 70% to 80% of common requirements. This focuses implementation and investment on the accurate, complete migration of your unique business requirements.
By pairing the right outsourced processes with the automation of Synchrony Payroll, you’ll achieve major efficiencies and significantly lower the cost of your HR and payroll operations. Synchrony’s automation of retroactive payroll accounting covers all scenarios, eliminating a significant amount of transactional work (between 25 and 50 percent of manual calculations related to corrections of omissions from previous payroll runs).
With Synchrony Payroll Service, you benefit instantly from the responsibility of tax, pension, and social insurance accuracy, out-of-the-box reporting, and assured ongoing compliance. Synchrony Payroll is compliant with local legislation across 45 countries, which means that you can focus on running your business effectively while our team ensures that your payroll is accurate and stays that way.
Synchrony Payroll is fully integrated with the Core HR module of Synchrony People, ensuring that payroll-related master data remains accurate and up-to-date. In Payroll Control Center, payroll can be simulated multiple times, regardless of your payroll cutoff date, before it’s finalized so that you can monitor and correct errors and ensure accurate results. Synchrony Payroll lets you design your own reports for added validations of payroll accuracy, complementing out of the box controls. No coding required.
Global Reach, Local Compliance
Synchrony Payroll is compliant in 45 countries, with enhanced localization for 11 countries (Australia, Canada, Hong Kong, Ireland, Malaysia, New Zealand, Philippines, Singapore, United Arab Emirates, United Kingdom, United States). Enhanced compliance includes packaged payment and deduction catalogs, local absence management, best practice reports, interfaces, and pre-built calculations for new hires, leavers, and overtime rates.
Implement Synchrony Payroll in as little as three months
Synchrony Payroll is built on SAP SuccessFactors Employee Central Payroll. Our global template provides country-specific pre-configuration and robust reporting tools, and can even be deployed as a pure implementation accelerator.
Our implementation methodology ensures a risk-free, high-quality deployment ensuring a simple, reduced-cost implementation in a shorter timeline.