The Benefits of On Platform Cloud Payroll Software

Why Choose Infinet Cloud Payroll?

Infinet Cloud Payroll is the leading on-platform payroll solution for NetSuite. Infinet Cloud offers a number of features that make it the ideal choice for businesses running NetSuite.

A single, unified platform for managing payroll, time and attendance, and human resources

NetSuite's and ICP's single, unified platform for managing payroll, time and attendance, and human resources makes it easy to manage your entire workforce from a single system. With Infinet Cloud for NetSuite, you can streamline your payroll processes, improve decision-making, and optimise your workforce management.

Seamless integration with NetSuite accounting and financials

ICS payroll integrates seamlessly with NetSuite accounting and financials, providing you with a complete view of your payroll data in one place. With this integration, you can streamline your financial reporting and improve decision-making across your business. 

A wide range of built-in reports and customisable dashboards

ICS payroll offers a wide range of built-in reports and customisable dashboards, giving you a complete view of your payroll data. You can easily create custom reports to meet your specific needs, and configure your dashboards to give you the information you need at a glance.

Robust security and compliance features

ICS payroll is fully compliant with all relevant payroll regulations and guidelines and is one of the few systems able to provide their customer base with fully compliant single touch reporting within the planned time frame.

Excellent customer support

ICS Payroll also offers excellent customer support, with local Australian staff available to help you with any system questions or issues you may have. You will also have access to payroll experts to ensure any problems or support requests are managed quickly and efficiently.

Key Features of Infinet Cloud Payroll for NetSuite

Configurable Employee Pay Components

Infinet Cloud caters for all types of allowances, deductions, salary sacrifice, commissions and bonuses. Enter these as one offs or if they are a regular payment (e.g. quarterly bonuses or commissions) add as a variable pay component at the individual employee level, allowing them to flow into the pay run with only an amount required to be entered. You also have the flexibility to alter the paid for period for taxation variation as per ATO rules. e.g. Paying a quarterly bonus within a weekly pay run. 

Below are examples of some of the most common pay components, however you have the flexibility to create your own as required;

Manage Allowances

LAFHA, Car Allowance, On Call, Tools etc.

Set Up Employee Salary and Wage Components

Commissions, Bonuses, Overtime.

Automate Deductions

Child Support, Union Fees, Superannuation, Healthcare Funds.

Manage Salary Sacrifice

Laptops, Novated Lease, Superannuation, Fringe Benefit, Exempt Benefit.

Calculate Tax

Flat and progressive rates, Manual PAYG/PAYE (catering for reductions, additions or override percentages)

Employee Self Service for NetSuite

Granular Access Management

Manage employee access from the employee record, secure access via HTTPS using 128 Bit Encryption.

Automate Payslips and Pay Summaries Creation and Distribution

Allow employees to view and access their payslips online. Each payslip and pay summary is available in PDF format and all previous documents are stored and available historically.

Self Serve Options to Manage Bank Accounts

Employees can create and update their own bank account details, specifying a primary account, and up to two secondary accounts. Payment can be split across the accounts as desired.

Simplify Leave Management Requests

Employees can review their leave calendar and statutory holidays for their region. Employees can view their accrued and available leave for annual, personal and long service leave. Employees can make requests, calculating the required leave based on the employee’s working week, and statutory holiday. If leave is for a future period, available leave will be forecast based on accrual.

Pay Run Management

Create Pay Types

Support for both Salaried (employee paid a base salary) and Waged (employee paid based on the hours they work).

Set Up Multiple Pay Frequencies

Manage multiple pay frequencies in your organisation with the ability to support weekly, fortnightly and monthly pay runs. Further filter your pay run by employee settings including department, class, location, pay date and country.

Easy To Use Process Workflows

Simple step based process takes you through selection, time entry, variable entry, processing, and pay through to posting. At each step data is presented cleanly to ensure focused timely completion.

Make Adjustments and Corrections to Pay Runs

Quite often adjustments need to be made to reflect corrections, or payments of one offs outside of the normal pay run. These can be easily achieved with an adjustment pay run, offering options as to whether leave should be accrued, and whether tax calculations should take into account other payslips within the period.

Automate Payroll Processing for Simple Payroll Cycles

For companies running payroll with minimal variations, automate the process between steps using Autopay. Select your start and end step and Autopay will complete the process in the background, sending you an email on completion.

Comprehensive Rollback Management

Full capability to rollback any payrun; from and to any stage. Rollback ensures all records are rolled back and year to date fields are recalculated. This means that your system will manage all adjustments on the accounting and financial side of things, so no need to update two different systems and audit the changes for accuracy.