Workday HR platform users are getting excited about payroll. This makes a big change from the headaches and problems that payroll has brought them in the past. The reason for this new level of excitement is Payslip and specifically how it solves the core problem Workday users have when it comes to global payroll data.
Fixing the Data Orchestration Challenge
A fancy title perhaps but the data complexity issues that leave Workday users in payroll limbo is no laughing matter, especially at global organizations where global employees across 25+ countries need to paid accurately and on time.
Workday is a fantastic, industry leading HRIS, perfect for HR processes. It’s just not built for global payroll delivery and management. So, those looking to drive global payroll from Workday are faced with a problem- how to gather all of the data they need for global payroll processing while still using Workday as their primary platform for HR.
Payroll isn't a one-size-fits-all puzzle that can be solved with a simple plug-in. The data needed for payroll extends beyond Workday. This diversity of data sources creates a challenge in ensuring that all essential information is seamlessly integrated for accurate payroll processing.
Workday uses CCTPP to connect with third party local payroll providers. But only the data which is in Workday can be transferred to the local payroll provider. Not all data needed for payroll is in Workday. It’s in lots of places: payroll software, local country provider systems, finance and ERP systems, benefits systems and more. So the CCTPP solution can only solve part of the data integration problem- it does not account for the data outside of Workday and payroll cannot be processed without this data.
Hence the orchestration challenge- Workday users are looking for a solution that helps them to tie it all together (data, systems, software integrations) in a way that lets you drive global payroll from Workday using CCTPP as well as an employee self-service portal.
Enter Payslip.
Payslip solves the full data integration problem. It compliments Workday by reading HCM data from Workday using workday CCTPP and also reading data from other systems outside Workday. Payslip integrates with Workday and orchestrates all the data flows, checks and approvals needed to run global payroll.
Payslip imports all employee payroll data (including Workday HCM reports for smaller country populations) and exports data required such as payslips & tax documents back into Workday for employee access. Payslip enables Workday users to manage and control all their payroll processes and data with a single view in real time.
Solving the Complex Integration Challenge
Payslip has built connectors to integrate with Workday and allow all employee data to flow seamlessly from Workday to Payslip. The platform utilizes Workday's PECI file interface or extracts data from Workday reports if PECI files aren't available. Data validation ensures accurate mapping to Payslip's global data model, guaranteeing the integrity of your payroll data. This is all automated with no requirement for manual input of Workday HCM data into Payslip.
Once approved the data is transferred by Payslip to the local payroll provider using the payslip standard payrun file format or in a format specified by the client. This is a fully automated transfer of all data required for payroll and not just the data in Workday.
Payslip steps in as the missing link that bridges the integration gap between Workday and the diverse array of data sources. While Workday's Custom Cloud Tenant Payroll Provider (CCTPP) connects with third-party local payroll providers, it is limited to the data within the Workday ecosystem. Payslip takes the integration a step further by seamlessly combining HCM data from Workday with data from other external systems, effectively solving the full data integration puzzle. We also integrate with Workday Standard Reports for those Workday users who do not use (CCTPP).
Workday remains the source of truth for employee data, and Payslip's integration ensures that any changes made in Workday are promptly reflected in the payroll process.
Payslip also provides an optional integration back to Workday for payslips and tax documents. Using our smart payslip reader, Payslip will send payslips back to Workday where they can be assigned to the correct employee for access via the Workday employee self-serve portal.
Furthermore, Payslip create both Bank and General Ledger files that Workday is unable to do for payroll. The platform absorbs GTN files from the local payroll providers back into its global data model so that it can easily generate GL files and Bank files to complete the payroll process.
“Payslip is to Global Payroll, what Workday is to HR.
With this partnership, Payslip can combine Workday HR data with all other data required for payroll – so that all pre-payroll data requirements are 100% automated.
Payslip is the only technology that can do this – making it the perfect solution for organizations seeking digitized Global Payroll Management & Reporting”Mark Simons
VP of Alliances, Payslip
The Global Payroll Control Platform and Workday
Payslip is so much more than a data integration tool; it's a comprehensive Payroll Control Platform that optimizes the entire payroll process. By acting as a central hub, Payslip empowers payroll professionals to collect, review, and manage all payroll-related data before transferring it to local payroll providers. This end-to-end automation ensures accurate and timely processing while meeting strict deadlines and compliance requirements
Payroll processing is a multi-step process, and this is not fully represented in Workday. It is in Payslip. Payslip provide a workflow which is optimized for payroll processing. Payslip understand payroll and recognise that different people own different steps, and all steps must be completed within strict timelines. The Payslip workflow fully supports this process and includes alerts and escalations to guarantee the successful management of this process every time.
Unlocking Comprehensive Insights
Workday's reporting capabilities are undoubtedly robust, but their effectiveness is contingent on the quality and completeness of the underlying data. Reports are only as good as the data they are built on and Workday payroll reports will always be incomplete because all the data required for payroll will not be in Workday.
When payroll data is scattered across multiple systems, generating accurate and comprehensive reports becomes challenging. Payslip's global data model ensures that all data required for payroll is in one system, it then consolidates this data which enables the platform to provide an unparalleled selection of detailed and complete multi-country payroll reports.
Workday Payroll Management with Payslip
Workday has revolutionized the world of Human Capital Management (HCM) with its streamlined approach to employee data management. From joiner data to ongoing employee updates, Workday provides a reliable foundation for HR operations. However, payroll processing is a multi-faceted process that requires more than just an HCM system – it demands an orchestration of data, systems, and software integrations.
While Workday's HCM capabilities are invaluable, the complexities of payroll extend beyond its scope. Payslip is the comprehensive global payroll solution that addresses the intricate challenges of managing payroll while utilizing the Workday HR platform.
Payslip has made it easy to enable automated, seamless flows of payroll-related data from Workday into Payslip and then back into Workday platforms from Payslip. Payslip is the only global payroll technology that can fully automate the ingestion and validation of 100% of the pre-payroll data inputs in readiness for the payroll calculation stage. The Payslip platform also uses one standard workflow for all payroll countries.
“We have greatly benefited from Workday integrations with Payslip, and we no longer have to manually build GL files which Payslip now generates automatically, saving our finance team a huge amount of time”
David Nugent
Director - International Payroll, Cloudera
As a cloud-based SaaS platform, Payslip moves your payroll data into the cloud so you can have a global view of all payroll processes and countries along with the cloud view of your HR processes across all countries. Without Payslip, Workday users are viewing their HR data in the cloud but not their payroll, which is an incomplete and unsatisfactory view.
By streamlining the entire payroll process, Payslip empowers businesses to achieve accurate, efficient, and compliant payroll management. Say goodbye to manual data collection and fragmented processes – embrace the future of payroll management with Payslip.