Integrated data sources reduce payroll and accounting fraud
The integration of data from payrolls, banks and credit bureaus enables payroll software Sage Pastel Payroll and HR to check credit records, bank details and automate payroll functions, reducing payroll fraud and risks to businesses, says business software supplier Sage Netcash MD Charles Pittaway.
Business-to-business data exchange will be a significant area of growth in the next five to ten years owing to the pressure on businesses to perform effectively and quickly. This will lead to more seamless interoperability between different software systems of separate companies, he said at the launch of the software in January.
“Collaboration between software vendors will enable the systems to communicate and share information to provide intelligent and effective solutions for customers,” he explained.
Sage Pastel Payroll & HR technology director Philip Meyer demonstrated how the Sage Pastel Payroll and HR program verified the details of employees, including credit checks and bank details, from within the program itself.
“Sage’s connected strategy rests on the interoperability of any system software, be it mobile or desktop, that must communicate and share data. This seamless integration of data from different sources is critical,” continues Pittaway.
The verification of bank details and credit checks ensures that no fake ‘ghost’ employees are paid, eliminating payroll fraud.
Accounting and payroll staff can also do bulk employee credit checks, enabling a business to verify details of employees when needed, usually on a monthly basis, further reducing the potential for fraud or incorrect payments, he adds.
The applications communicate with other software applications through a Sage South Africa connected gateway, which secures and verifies the transmission of the data, highlights Meyer.
Meanwhile, the business intelligence from the data shared by the applications is a critical value proposition and will be the focus of Sage South Africa’s software developments for the second half of the year. The company is focusing on deploying a mobile version of its payroll and human resources software later this year, he notes.
Pittaway mentions that these benefits will be felt daily by businesses that will be able to better serve their customers and reduce and manage risks faced by the businesses.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation