Vision Remuneration Manager provides full
integration with the Human Resource Management System, eliminating
the need for duplicate data capture. Financial information is
immediately available to the Financial Manager who needs up-to-date
information regarding actual pay, budgets, increases, forecasts and
statistics.
Time Frame
Each and every date-related piece of information is stored
within its time-frame. It is therefore possible to recreate
scenarios as at a particular date, to examine the impact of future
changes to rates / tables and input changes ahead of time.
Flexible Package Calculations
Sophisticated calculations and macros may be defined by the
user. Each component of the employee's package may be linked to a
calculation. There is no restriction on the number of allowances,
deductions, company contributions or sub-totals that may be defined
per employee. Packages may be set up to operate "top-down",
"bottom-up" or "ripple" e.g. input Basic Salary and calculate Cost
to Company or vice versa.
Flexible Extraction of Information
The query and report writer is powerful and easy to use and
being Windows technology, provides a GUI interface so that users
can see exactly what the report looks like as they make
modifications.
Easy linking to spreadsheets / other software e.g. Financial
Packages The system interfaces to any third-party software. The
interface files are simple to set up and use.
Pay slip History
All pay slips paid to employees are available for on-screen
viewing at any point.
Retrospective Calculations
Because of the on-screen recalculation facility, retrospective
salary increases are easy to administer.
Interim Pay Runs
Any number of interim (ad-hoc) pay runs may be defined and run
between official pay runs. Examples of these are adjustments, leave
pay, bonuses etc.
Payment Details
Loans, housing, garnishees, medical aid, pensions, company car,
memberships, parking bays and awards can be included as Payroll
entries each month. These may be once off or recurring entries. The
system has the flexibility to adjust the payments on a monthly
basis.
Salary Differences
On screen views are available to quickly highlight any
differences from one payroll period to the next.
IRP5
The system provides full electronic interfaces in accordance
with the SARS requirements. We also provide all the necessary
validation reports, to enable you to ensure your data is accurate
and complete.
Company
Multiple companies can be set up on the Vision Payroll and
security can be set to limit access to information as required.
Package Items
There are no restrictions to the number of cost components that
one can set up. Any item can be based on any other item in the
package or in the system.
Lookup Tables
These can be set up ahead of time and will have an "effective"
date to indicate at which date the Table is applicable. All lookup
tables and calculations are based on an effective date allowing
future amendments to be captured ahead of time. These automatically
take effect on the effective date.
Features
- Multiple companies - one single system
- Time bucketing enables future and back-dated changes
- Unlimited cost components
- Unlimited payslip history
- Flexible and complex calculations can be set up
- Interim payments
- Retrospective payments automated
- Interest calculations on loans
- Fully compliant with legislative requirements
- Built in IRP5 and UIF processing
- Interfaces to/from third party systems
- Web-enabled
- Fully customisable
- Seamless integration with other modules