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BUCKINGHAMSHIRE, ENGLAND, May 08, 2010 /24-7PressRelease/ -- Via their simple to use, fully-featured and flexible solution 'Octopus Payroll', the leading HR solution provider Octopus can now deliver organizations the best of breed choices of a fully managed web based payroll service, an integrated link to a current payroll service provider, or a standard payroll import file to link with an existing in house payroll system. Octopus Payroll allows each company to choose the best payroll option for their specific needs.
The fully-managed web based payroll service includes advanced features such as employee self-service access to on-line pay slips, and is seamlessly integrated with Octopus HR. Managers and HR Professionals can record payments and deductions, loans, attachment of earnings, pensions, childcare vouchers - all can be effortlessly created and processed through the payroll.
Some of the key OctopusPayroll features include:
- Draft and final pay runs
- User-based Payroll reports
- On-line payslips
- On-line Statement of Earnings
- Transmit BACS file for Net pay
- Bank Account/Sort code validation
- Print and dispatch security sealed payslips (logo and messages)
- SSP, SMP, SPP and SAP
- P6, P6B and P9 Tax code changes
- Student loan notifications
- P45(1), P45(3) & P46 new starter and leaver forms
- Leaver processing
- General Ledger file
- Employee payment request/approval process
- Full auditing
- Salary Sacrifice
- Payroll queries helpline for administrators
- Electronic communication of P35 and P14s
- P11D processing
Just like other award-winning Octopus modules, it's a web application that gives you controlled and secure access to all employee information, so all data and updates from Octopus HR can be easily transferred to a company's payroll system, saving time and money. Because OctopusPayroll enables 'single-point of entry' of payroll details, it not only eliminates duplication of data, it also ensures the accuracy and quality of information at all times and dramatically cuts down on payroll processing costs.
With powerful reporting tools and compatibility with other Octopus HR software modules, all backed up by a proven implementation process and support team, OctopusPayroll can meet even the most demanding of requirements.
So whether a company is currently using an in-house payroll system, an external payroll bureau, or are looking for a new fully managed payroll service solution, Octopus Payroll offers choices to ensure the very best payroll solution for your requirements.
About Octopus HR
Octopus is the company that's pioneered the new way of managing HR, by making it a simple, collaborative, affordable, and pleasurable online process. Octopus award-winning HR solution suite includes: HR, Recruitment, Performance, Time, Expense and Payroll.
Octopus is a privately-owned company, based in the United Kingdom with an ability to deliver for clients based anywhere in the world. Their core team have worked for some of the world's largest and most innovative software companies in Europe and the US. Their leadership team is made up of a group of industry leaders in HR services, financial consulting and technology with extensive experience working in the SME and corporate business sectors.
Octopus HR is totally focused on providing industry-leading human resource technology solutions to its clients. What differentiates Octopus in the software world is that it only cares about one thing: 'customer satisfaction'. Consequently, the company has amazingly satisfied customers - and by customers it means HR managers, FDs, employees, line managers, new starters, payroll administrators, CEOs, you name it.
They're transforming the way HR is managed, through real online empowerment. Their purpose-built software - delivered as an online service via the web, lets all managers and employees carry out their important HR management and reporting tasks easily, online. Plus, by delivering truly exceptional customer service, they not only make HR tasks faster, simpler and more effective, but also help the HR department build stronger relationships with their customers.
If ever there was a people business, this is it. Octopus are only focused on providing better HR solutions, so they're passionate about what they do, and about the people they work with and for.
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