FEATURES
Payroll Governance
Elevate your payroll function with tools to reduce risk & improve compliance.
Payroll Operations
Payroll Governance
Support Ticketing
Obligation Tracking
Monitor legislative, workplace & policy obligations.
Track obligations that impact how people are paid
Identify, risk assess & schedule reviews against workplace instruments, legislation & policies.
Report on decisions & actions
Record key changes & decisions made about obligations over time.
Encourage proactive reviews
Set automated notifications to complete or review upcoming & expiring obligations.
Payroll in the spotlight
“I wrote to the boards of Australia’s top companies, calling on them to elevate employee pay as a governance and compliance priority, and asking them to ensure they have the appropriate systems, expertise and leadership in their payroll function.”
$ billion in total recoveries by the FWO since 2021
Australian workers back-paid since 2021
Enforceable undertakings since 2021
Compliance notices issued since 2021
Source: www.fairwork.gov.au
Risk Management
Formalise risk & continuity planning for payroll.
Identify & assess risks that can impact payroll
Select from our library or add your own risks assigning customisable likelihood / impact ratings.
Define (& practice) actionable response & recovery plans
Create & drill response checklists that get enacted & assigned if a risk occurs.
Keep calm in a real incident
Creating an incident in Paytools will record & follow the response plan keeping a full audit of actions taken.
Learning & Development
Invest in your team to ensure compliance.
Easily track & manage your team’s learning
Track attendance & understand the training status of individual team members at a glance.
Browse our payroll training library
View & sign up for payroll courses offered by different learning providers.
Controls & Roles
Add controls & clarify responsibilities for key processes & obligations.
Apply segregation of duties to recurring processes
Add approvers to ensure work is reviewed before being considered complete.
Restrict sensitive operational information
Allocate users to pay groups to restrict access to records & process information.
Make roles & responsibilities clear
Build & share a RACI matrix to show exactly who is responsible for what.
Reporting & Audit
Because payroll doesn’t operate in a black box.
Keep track of payroll operations
Easily monitor work & team progress. Understand governance health.
Deliver C-Suite level reporting
Report on key payroll operational metrics.
A full audit history of payroll
Make audit time easier with a full audit trail stored of all activity.
“I wish this product existed when I was still a Payroll Manager, it would have been a game changer. However, I love that it is here now and use Paytools both internally and with our clients to help them improve their payroll processes and governance.”
– Gemma McDonnell-Mossop, Director & Independent Consultant
Want to see our payroll governance software in action?
Book in a quick chat with our team, we’ve got plenty more to show you.