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Achieving Payroll Best Practices Through PeopleSoft Payroll Presented by: Praveen Gupta Manager January 17, 2007.

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Presentation on theme: "Achieving Payroll Best Practices Through PeopleSoft Payroll Presented by: Praveen Gupta Manager January 17, 2007."— Presentation transcript:

1 Achieving Payroll Best Practices Through PeopleSoft Payroll Presented by: Praveen Gupta Manager January 17, 2007

2 2 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 2 Agenda  Best Practices - Defined  Best Practices - What and Why –A synopsis of Payroll Best Practices and their benefits  Achieving Payroll Best Practices through PeopleSoft Payroll –The relation –Implementation Method –Case Study  Conclusion  Q&A

3 3 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 3  Aligns with strategy  Reduces costs  Improves productivity  Promotes timely execution  Enables better decision making  Leverages existing and exploits emerging technologies  Ensures acceptable levels of control and risk management  Optimizes skills/capabilities of the organization  Promotes collaboration across the extended enterprise Hackett’s Best Practices are certified when there is a correlation with world- class performance metrics Best Practices Defined: A Hackett-Certified Practice is a proven technique that delivers measurable value

4 4 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 4  The payment and handling of salaries, wages, deductions and tax withholdings in accordance with organizational policies and government regulations. It includes the following sub-processes and activities: –Time reporting, including vacation, leave and absence management –Employee data maintenance Employee inquiry response –Pay calculation – gross to net, including salaries, wages, bonuses, commissions, allowances, deductions, third party vendor interface coordination, and tax withholding –Pay distribution and deduction remittance, including direct deposit and check printing; positive pay administration; pay advise distribution; and garnishment administration –Payroll tax and payment filing, including preparation and submission of payroll taxes and related Federal and state/province tax returns; and, year-end processing, printing, and distribution of employee tax forms –Payroll accounting, including account reconciliation and general ledger interface –Other regulatory and/or management reporting Payroll Process Definition

5 5 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 5 Payroll Best Practices – What and Why  Payroll processing handled in a leveraged environment –Lower costs; higher efficiency; greater operational process transparency; consistency & standardization; provides "Single City organization" view from customers across multiple departments  Key payroll personnel are APA CPP certified –Ensures that payroll resources are qualified have the competency requirements and skills needed in a payroll environment. More competency translates to less turnover  Employee self-service utilized –Reduces transaction processing by admin staff; Reduced errors due to paper loss and keying error; Employee ownership of data; speed in transaction processing; employee satisfaction  Direct deposit of employee paychecks utilized –Reduced processing and reconciliation of checks; More secure movement of funds; Reduced administrative time invested in payroll cycle

6 6 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 6 Payroll Best Practices – What and Why  Retroactive changes are automatically calculated within the payroll system –Reduces errors and manual calculations  Business expenses reimbursed through payroll –Eliminates duplicate check processing to same employee one on payroll side one on accounts payable side – reduces cost. Customer satisfaction  Service level agreements are established and monitored with business unit customers and third party services providers –Ability to measure efficiency and effectiveness of service between business relationships (customer, vendor, and payroll). Clear understanding of scope  Garnishments module integrated and automated with payments and reporting through electronic interface to agencies, where possible –Reduction in number of manual checks; Reduction in potential errors and omissions; Improved employee relations with garnishment enforcement agencies; Reduced reconciliation; increased efficiency

7 7 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 7 Payroll Best Practices – What and Why  EDI, ACH and/or other electronic means are utilized for payroll remittances to governments –Source of information available to vendors and government agencies on an as needed basis; Reduce cost and staffing; Improve accuracy and quality  All employee issues and resolutions are handled by one centralized point of contact –Elimination of varied communications options  Multiple levels of role-based security to allow controlled inquiry and update access to data, reporting and system controls –Technical support cost savings; eliminates errors and rework; protects confidential information  Strong governance over core Payroll process definitions, table maintenance, security, limits of authorities, and escalations –Ability to measure efficiency and effectiveness. Clear understanding of scope.

8 8 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 8 Achieving Payroll Best Practices Through PeopleSoft Payroll The Relation  PeopleSoft architecture –supports best practices to a very high degree –flexible for implementations and rollout –Delivers “out-of-the-box” functionality for Payroll –Tightly integrated with other HR functions  PeopleSoft architecture specifically –Supports centralized ‘shared services’ center –Provides Self Service for Managers and Employees –Capable of high degree of automation – e.g. Workflow, Interfaces and EDI –Predefined regulatory reports –Multiple level of Security –Central point for all payroll related data, processes, and reports

9 9 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 9 Achieving Payroll Best Practices Through PeopleSoft Payroll The Implementation Targeting Architecture Construction Migration Evolution

10 10 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll Architecture Ongoing Project Management/Program Office Ongoing Change Management & Communications Requirements and Fit/Gap Analysis Technology Architecture Planning Implementation Planning Solution Design Vision Validation Business Case Development Best Practice Vision Quick Wins Development Quick Wins Implementation Project Initiation Executive Interviews Current State Review Achieving Payroll Best Practices Through PeopleSoft Payroll The Implementation

11 11 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll Integration Testing Data Conversion Production Cut- over Planning Education, Training, & Coaching Custom Development Production Environment Deployment Production Cutover Technical Knowledge Transfer System Optimization Conference Room Pilot Test Planning Application Configuration Production Cutover (Acceptance) Detailed Org. Design Policy & Procedure Development Quick Wins Implementation System Testing Process Detail Milestones Ongoing Project Management/Program Office Ongoing Change Management & Communications Functional Specs Test Scripts Performance/ Stress Testing Technical Specs Executive Presentation Function Testing Acceptance Testing Project Initiation Non-Production Environment Depl. Construction Migration Achieving Payroll Best Practices Through PeopleSoft Payroll The Implementation

12 12 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 12  The Industry –Printing and Publishing Industry –27 business units in 11 States –Each business unit represents one publication –Every publication has its own HR and Payroll dept –A total of 9,000 employees  Background –Each publication had their own different technology and sets of pay rules –Each publication had their own different methods and ways of payment –Little or no automation –Opened a support center with common technology, PeopleSoft HRMS and Financials to replace legacy systems at all newspapers Achieving Payroll Best Practices Through PeopleSoft Payroll Case Study

13 13 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 13  The Rollout –PeopleSoft Implementation was done as a de-centralized system –Support Center had the responsibility of maintaining setup and control tables –Additionally support center was responsible for mass data changes –Business Units were responsible for maintaining their own employees data –For Payroll, Support Center was responsible for  Running Time Admn and creating initial pay sheets  Help and support BU to correct errors if any, or guide newspapers to the point of final calc  Confirm Pay  Run GL interface, ACH and Pos Pay files –For Payroll BU was responsible for  Ensuring accuracy of pay sheets and pay lines  Run audits and correct errors  Print and distribute checks and DDA Achieving Payroll Best Practices Through PeopleSoft Payroll Case Study

14 14 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 14 Achieving Payroll Best Practices Through PeopleSoft Payroll Current Process

15 15 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 15 Achieving Payroll Best Practices Through PeopleSoft Payroll Current Process

16 16 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 16 Achieving Payroll Best Practices Through PeopleSoft Payroll Current Process

17 17 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 17  Multiple handoffs between business units and support center  Dependencies upon and / or phone confirmations – adds to overall processing time  No defined process ownership  Reactive management vs. proactive management  Handoffs between Benefits and Payroll adds to complexity  Lack of standard policies and procedures  Entering time directly into pay sheets to address time reporting errors – resulting in an additional manual process of verification  Training on the philosophy and processes associated with payroll and payroll system  AP and Cash Management receives multiple requests for remittances at different times from different papers  General lack of effective communication Achieving Payroll Best Practices Through PeopleSoft Payroll Current Process – Pain Points

18 18 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 18 Achieving Payroll Best Practices Through PeopleSoft Payroll Best Practice Implementation Approach Taken

19 19 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 19 Achieving Payroll Best Practices Through PeopleSoft Payroll Best Practice Payroll Process

20 20 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 20 Achieving Payroll Best Practices Through PeopleSoft Payroll Best Practice Payroll Process

21 21 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 21 Achieving Payroll Best Practices Through PeopleSoft Payroll Benefits Realization Annual Projected Savings $2.1 Million Projected Improvement in Efficiency and Effectiveness 71% drop in number of tickets

22 22 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 22 Achieving Payroll Best Practices Through PeopleSoft Payroll Benefits Realization- Other Key Numbers Payroll services cost per employeePayroll services personnel per 1000 employees Estimated reduction in payroll tax fines, penalties & interest Cost per pay check

23 23 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 23 Conclusion  Technology is a great enabler but the right implementation makes the difference  With best practice approach, defined goals can be measured and achieved  A set of standard processes goes a long way towards organization efficiency

24 24 Answerthink Overview | June 30, 2003 Achieving Payroll Best Practices Through PeopleSoft Payroll 24 Questions


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