HR Payroll Connector
HR Payroll Connector The Challenge The risks are high when data from your payroll and HR systems gets out of sync with your stock plan management solution. A terminated employee can end up exercising a grant that should have been forfeited. The wrong tax jurisdiction can be applied if an employee has moved. An executive can have incorrect taxes withheld after passing the million dollar limit. You do not want any of this to happen on your watch! The Solution You need a way to share data between systems that does more than simply pass files back and forth. The tool needs to be smart enough to translate formats so the systems can understand each other. The process needs to happen regularly to provide accurate reporting data and preserve SOX controls. Product Highlights • Stop a terminated employee from exercising a grant. • Apply the correct tax jurisdiction when an employee moves. • Properly update tax withholdings after an executive passes the million dollar limit. How Certent Does It Play it safe. Connect your payroll and HR systems to Certent with HR Payroll Connector. Certent HR Payroll Connector lets you synchronize important tax and employee demographic information and makes it easy to manage the translation and transfer of data between systems. Plus, you shave time off your payroll cycle by eliminating manual entries for equity transactions. With Certent HR Payroll Connector you don’t need to rely on your IT staff and sensitive employee data is kept safe and secure behind your firewall. Mitigate Risk and Gain Efficiencies IMPORT MAP FILTER Translate and Transfer Tax Information Certent HR Payroll Connector lets you import year-to-date tax information from your payroll system to Certent and automatically export the tax withholding information to keep your payroll system current. You can even schedule the export to take place at a designated time to further automate the process. Periodic updates between systems ensure that individual taxable events are properly recorded and applied in a timely manner. For employees who live in one state but work in another, Certent HR Payroll Connector lets you assign the proper tax rate. © 2015 Certent | All Rights Reserved | HR Payroll Connector EXPORT SYNC HR Payroll Connector Translate and Transfer Employee Demographics You can import demographic information such as employment status, tax treatment and addresses from your payroll or HR systems. The Connector maps the data to the required fields in Certent using customizable look-up tables. This tool lets you set filters to populate information for just your plan participants and load only the data that has changed from the prior review period. “We had a question about how the exchanged options were flowing through a calculation and figured it out after a quick conversation with Karl. By the way, our Big 4 auditor loves Certent and my Assistant Controller came over to my office yesterday and said ‘Have I told you today how much I love Certent?’ It was the proxy reports. You guys are doing a great job!” Matthew Camp Senior Manager of Accounting Digirad Corporation Getting Started Is Simple: There’s no in-house development or IT intervention required. We pre-configure Certent HR Payroll Connector to work with your systems and provide hands-on training to ensure you make the most of this efficiency engine. Save time. Streamline processes. Improve SOX compliance. Reduce errors. Discover how Certent is redefining the way companies manage their stock plans. Call 866 336-3274 or contact us at sales@certent.com. 4683 Chabot Drive, Suite 260 Pleasanton, California 94588 USA Tel: +1 866.336.3274 www.certent.com © 2015 Certent | All Rights Reserved | HR Payroll Connector
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