Press Release: Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for finance and human resources, announced the general availability of Workday Payroll for the UK. Organically built as part of Workday Financial Management and Workday Human Capital Management (HCM), the new payroll application enables customers with UK employees to address the full spectrum of enterprise payroll needs, providing administrators with the flexibility, control, and insight required to support the unique aspects of their organizations.
Workday also announced momentum for Workday Global Payroll Cloud, a partner program that helps customers reduce the costs associated with deploying, integrating, and managing third-party payroll solutions. Partners offer certified, bi-directional, pre-built integrations between Workday HCM and other payroll systems to provide a comprehensive view of global payroll data. With 85 countries now certified in Workday Global Payroll Cloud, customers including Groupon, Johnson & Johnson, PineBridge Investments, and Zoetis have achieved greater visibility into global payroll actuals, payroll process automation, and streamlined integration between payroll and other HR systems.
Workday Payroll for the UK
Payroll has traditionally been a complex undertaking for global organizations, particularly due to the various regulations and laws for each country. Workday’s flexible and intuitive payroll applications delivered in the cloud have alleviated many of these challenges with functionality that addresses regulatory and legislative changes. Workday Payroll for the UK follows on the success of the company’s payroll applications for the U.S. and Canada, with Workday Payroll for France expected in 2016.
Customers using Workday Payroll for the UK benefit from:
- Automatic tax updates – New tax updates are automatically applied through a cloud delivery model, eliminating the need for regular upgrades and patches required by on-premise payroll systems.
- Powerful and flexible calculation tool – Workday’s robust calculation engine makes it easy to handle complex requirements. Users can run payroll calculations as often as needed and payroll-processing time is drastically reduced from hours to minutes.
- High configurability – Unlimited earnings, deductions, pay groups, and pay frequencies can be easily configured by payroll administrators to support calculation and reporting needs. Accumulations, balance periods, and pay balances, as well as complex processes such as off-cycle and retroactive payment processing, are also supported.
- Support for UK-specific statutory requirements – Workday Payroll for the UK offers a modern system with support for pay-as-you-earn (PAYE) statutory taxes including National Insurance, student loans, statutory absence payments, and court orders. It also provides an exception reporting capability, audits, and alerts to prompt users, ensuring improved accuracy with payroll calculations as well as real-time information (RTI) reporting.
- Anytime mobile access – With one self-service application, employees can check pay slips and payment elections — any time, on any device. The flexibility of the cloud also gives administrators the ability to process payroll from anywhere at any time.
- Real-time analytics and reporting – Organizations can now see what they are actually spending on workers via pre-built reports and analytics for payroll insights. With the same reporting format used throughout Workday HCM, users can combine datasets to increase the context for decision making.
Workday Global Payroll Cloud
Workday Global Payroll Cloud is the foundation of the company’s global yet local approach to payroll, where customers benefit from a unified view of HR and payroll data in a central HCM system while leveraging local payroll providers that meet the specific requirements of individual countries. With Workday Global Payroll Cloud and Workday’s country-specific payroll applications, business leaders have greater visibility into the true cost of the global workforce with real-time analytics on global payroll actuals in a single currency or country-specific analytics in a local currency.