Name: PLATINUM Payroll
Author: PLATINUM PAYROLL SYSTEMS LTD

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PLATINUM Payroll is a software solution designed to streamline people management processes for organizations of various sizes. With integrated modules for Payroll, Time and Attendance, Human Resources, and Employee Self Service, this system caters to the needs of businesses ranging from small to large. PLATINUM Payroll is utilized across professions and industries, including transport, logistics, retail, manufacturing, and service sectors.

## Key Features

According to the vendor, PLATINUM Payroll provides a complete software solution for people management, incorporating Payroll, Time and Attendance, Human Resources, and Employee Self Service. The integrated modules can be customized to meet the unique requirements of each organization and can be delivered through various methods such as In-House, Cloud, Hosted, or Bureau.

The software offers a flexible design philosophy that allows organizations to adapt and grow. It features Flexible Entities that enable the creation of customized data tables, empowering businesses to tailor the software to their specific needs and objectives.

PLATINUM Payroll ensures the security of employee data by grouping users into Security Groups, which determine their access to functionality and employee information. Different levels of access permissions, including view, add, modify, and delete, can be assigned. The system also maintains an Audit Log, recording all changes made to ensure a complete trail of access and modifications.

Users can define links to important documents, images, and scanned files within the system, providing instant access to essential files such as signed contracts, scanned residency forms, and customs documentation, enhancing efficiency and organization.

The software features a flexible Employment Record that captures the conditions of an employee's employment, including start dates, contracts, agreements, leave conditions, and pay rates. It supports multiple Payrolls with different pay frequencies and structures. PLATINUM Payroll offers unlimited pay codes for worked time, overtime, allowances, and deductions, with various calculation methods available. It efficiently handles leave processing with a Leave Ledger that records every change to a leave balance, providing a rolling leave balance. Additionally, it allows for the automatic accrual of Alternate Day's entitlement on Public Holidays.

Seamlessly integrated with the Payroll module, the Time and Attendance feature eliminates data duplication and provides real-time updates to the employee's pay advice. It applies contractual agreements consistently based on set rules, reducing bias and accidental overpayments. PLATINUM Payroll saves time by automating the processing of paper timesheets or timecards. It offers a real-time view of employees at work, enabling quick and effective management. The system also highlights lateness, incomplete or incorrect work patterns, improving transparency and control over overtime and exception costs.

PLATINUM Payroll includes a Training Module for tracking employee training requirements, ensuring compliance and skill development. It offers a Remuneration Review Module for configuring workflow processes for pay increases, streamlining the review process. The software tracks various employee details such as Residency Status, Next of Kin, emergency contact information, licenses, qualifications, disciplinary actions, and equipment issues. It also generates specific HR reports, including Head Count, Staff Movement, Turnover, and Employment Survey.

The Employee Self Service feature provides employees and managers with a real-time self-service portal. Employees can maintain their personal information and next of kin details, reducing administrative workload. They can request leave, which can be approved by managers through the system. PLATINUM Payroll offers an online calendar for viewing rosters, leave requests, and leave blocks. Employees can access online timesheets and payslips, as well as company notices, enhancing communication and convenience.

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Gusto offers payroll, benefits and compliance capabilities. Gusto is scaled for small to mid-sized businesses, and emphasizes an easy to use interface.

Simple: A streamlined set of automatic payroll features and benefits integrations

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Premium: Scalable payroll and benefits, expert HR, and dedicated support for the complex needs of growing teams

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PLATINUM Payroll

Payroll software is a point solution that focuses on calculating and processing employee pay, generating tax forms, and benefits administration. However, payroll capabilities can also be rolled into larger human resources (HR) management software, ERP software, or accounting and budgeting software.

PLATINUM PAYROLL SYSTEMS LTD

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Support for external payroll vendors

Support for external payroll vendors is the ability to integrate with 3rd-party payroll services.

Off-cycle/On-Demand payment

Provide employees access to wages accrued during the pay period before the end of the pay cycle.

Payroll history for each employee

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Payroll tracking and auditing

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Statutory form management

Generation and management of tax forms (state and federal).

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

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PLATINUM Payroll

Overview

What is PLATINUM Payroll?