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 upheavals of cash flow changes.
Synchrony Payroll by Rizing is a fully scalable cloud-based solution that helps you through the ever-challenging environment of payroll management.
By packaging our pre-built accelerators, processes, and localization with the industry leading SAP SuccessFactors HCM Suite, the solution allows you to reduce time to go live, ensuring that you realize business benefits in an accelerated manner, minimizing your HR and payroll departments focus on transactional “back office” tasks, while providing them the ability to focus on truly strategic initiatives such as attracting, hiring, developing and retaining your most important asset, your people.
Why Synchrony Payroll?
Scalable and multinational
Synchrony Payroll grows with you, from startup to a large multinational player and every size between, our solution will scale with you throughout your organizations growth.
Fully integrated end-to-end solution
Employee master data and compensation adjustment data flow directly from your core HR Employee Central system to Employee Central Payroll seamlessly, creating timely updates and avoiding the need for dual data entry. The payroll process includes automated payments, financial postings, third-party remittances, garnishments, year-end processes and legal reporting.
Your core HR and payroll processes will be enabled by our cost-effective subscriptions and accelerated time to go live leveraging our pre-packaged accelerators. We have done the heavy lifting by developing a comprehensive solution that provides for 70% to 80% of common requirements, focusing the implementation effort and investment on accurate and complete migration of your unique business requirements.
By choosing the right fit of outsourced processes with the level of automation provided by Synchrony Payroll, major efficiencies are achieved and the total cost of your HR and payroll operations will be significantly lowered. Also, with its unparalleled automation of retroactive payroll accounting covering all scenarios, a significant amount of transactional work is eliminated (between 25 and 50 percent of manual calculations related to corrections of omissions from previous payroll runs).
With Rizing’s solution, you benefit instantly from the responsibility of tax, pension and social insurance accuracy along with associated reporting, out of the box, with ongoing compliance assured as part of the Synchrony Payroll Service. Synchrony Payroll is compliant with local legislation across 45 countries, which means that you can focus on running your business effectively whilst 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 is always accurate and up-to-date. Using the Payroll Control Center, payroll can be simulated multiple times, regardless of your payroll cutoff date, before it is finalized so that you can monitor and correct errors, ensuring accurate results. In addition, our solution is unique in that it combines the ability to enhance the auditing capability to design your own simple reports for added validations of payroll accuracy to complement the controls that are delivered out of the box. No coding required.
Global Reach, Local Compliance
Synchrony Payroll is compliant out of the box 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 catalogues, local absence management, best practice reports, interfaces and pre-built calculations for new hires, leavers and overtime rates.
Synchrony Payroll can be implemented in as little as three months
Synchrony Payroll is built on top of the world’s most robust payroll solution, 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 that your implementation is as simple as possible, directly resulting in a reduced cost to implement with a lower risk timeline.