Auto Enrolment (AE) continues to impact more and more businesses across the UK with an average of 100,000 employers a month staging from September onwards. The need for making the entire process as stress free as possible continues to be at the forefront of all that we do.
Our partnerships with key providers within the payroll market such as pensionsync, enables us to provide even greater benefits to both our existing and new customers.
Impact of Auto Enrolment on Bureau Processing Times
Research we’ve conducted with our customers shows that 70% of payroll providers already working with staged businesses have seen a 20% increase in processing times which has a significant impact on resourcing and costs.
pensionsync’s own research with bureaus and accountants shows that on average 67 minutes of administration have been added to every payroll cycle for every client just to manage Auto Enrolment.
Based on those figures a bureau with 100 clients is potentially looking at having to recruit another member of staff whilst those with over 200 clients a further 3.
They realise that every bureau is different and have developed a free tool to help you assess the impact on your payroll business.
Use the Free tool to assess the impact on your bureau here.
Data Automation: the way forward to streamline AE processing
Qtac and pensionsync have been working together to create a market leading data automation product that will save time and money for payroll providers as well as enable them to add value to their client relationships.
Using this product you will be able to offer upcoming stagers direct access to pension providers such as Legal & General that are not available to users of other payroll software. Alternatively, automate administration now for those clients choosing The People’s Pension and Smart Pension and later this year with Aviva, Now: Pensions and Standard Life.
Regardless of the provider you select, this collaboration between and Qtac also enables you to:
- See all of your AE clients in a single site
- Save time with an RTI like process for sending data to pension providers and retrieving opt out data directly into QTAC software
- Increased data security and reduce risk of data entry errors
What’s more, use of it is absolutely free for the first 2 months of submissions and as an outsourced payroll provider you can process using your own internal payroll free for life (max 30 employees).
Further information and help
Don’t wait until the Autumn when your resources are stretched to capacity, find out more about setting up an account today and start your 2 months free submissions.
Alternatively, contact the team at Qtac to access plus a range of other AE features directly through your Payroll Software.
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