02 Dec 2024

Pre-built – HCM Report to Track Payroll and TRUs

Efficient payroll compliance tracking is critical in Human Capital Management (HCM) systems, especially for organizations managing employee transfers across multiple Tax Reporting Units (TRUs). The Prebuilt Multi-Org Transfer Report simplifies this process, offering robust solutions for monitoring changes in payroll and TRU assignments.

Optimize payroll tracking in HCM with automated reports for employee transfers between TRUs and Payrolls

Streamlining Payroll Compliance Tracking with HCM Systems

Tracking employee transfers between TRUs and Payrolls can be complex and time-consuming. The Prebuilt Multi-Org Transfer Report addresses this challenge by ensuring accurate data collection and alignment with compliance requirements.

Key Features of the Prebuilt Multi-Org Transfer Report

1. Comprehensive Payroll Compliance Tracking

Unlike standard reports such as Payroll Activity or Employee Active Balance Reports, this tool captures all employee movements between TRUs and Payrolls, providing detailed and actionable insights.

2. Flexible Reporting Options for Payroll and TRU Management

Users can run the report by effective date, organization name, or employee number, offering unparalleled flexibility for payroll data analysis and reconciliation.

3. Customizable Formats for Payroll Data Analysis

The default output format is Excel, but users can customize it to generate reports in PDF or CSV formats to suit specific business needs, including regulatory reporting.

4. Automated Delivery for Multi-Org Payroll Reporting

Schedule the report for automatic delivery via email or FTP server, ensuring timely access to critical payroll data and reducing manual effort.

Supported Reporting Frameworks in HCM

The Prebuilt Multi-Org Transfer Report integrates seamlessly with existing HCM payroll systems and is available in the following formats:

HCM Extract: Ideal for users running reports through Checklist-driven processes.
BI Publisher Reports: Accessible directly from the BI Publisher catalog for straightforward execution.
OTBI Dashboards: Provides interactive dashboards for on-demand cross-organization payroll tracking.

Improving Payroll Reconciliation and Compliance Accuracy

This report simplifies payroll reconciliation by capturing detailed employee transfer data, minimizing errors, and enhancing compliance tracking for TRU-specific requirements. Customizable parameters allow businesses to tailor reports to their organizational policies.

Real-World Benefits of Tracking Employee Transfers

Recently, a global retail organization used the Prebuilt Multi-Org Transfer Report to streamline payroll compliance tracking across 12 countries. This resulted in a 20% improvement in payroll process efficiency and a 35% reduction in errors related to employee transfers.

Enhancing Payroll Efficiency with Prebuilt Reports

Automating payroll tracking through the Prebuilt Multi-Org Transfer Report delivers measurable benefits:

Error Reduction: Eliminates manual inaccuracies in employee transfer records.
Regulatory Compliance: Ensures adherence to TRU-specific regulations.
Time Savings: Automated scheduling and delivery streamline reporting workflows.

Choose DataTerrain for Reliable HCM Reporting Solutions

With over 270 clients in the United States, DataTerrain offers proven expertise in HCM reporting. Our Prebuilt Multi-Org Transfer Report is designed to simplify payroll tracking and TRU management while ensuring compliance and efficiency.

To learn more or schedule a demo, contact us at connect@dataterrain.com.