NetSuite Unveils Next-Gen Payroll Service

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NetSuite announced its next-generation payroll service focused on improving scalability, performance and usability.

The cloud-based financials, ERP and omnichannel commerce software provider’s service has features including: a payroll interface that validates all leave, payroll and salary data; full gross-to-net calculations; support for check printing, pay cards and direct deposit; enhanced payroll workflows that handle large transaction volumes; and employee self-service, expense tracking integrated into ERP.

Companies can deploy NetSuite’s Premier Payroll Service at large, multi-location enterprises within the U.S., using the new modern and social interface, designed based on user testing

“Complex payroll environments consume inordinate amounts of time and money, especially at fast-growing companies that need to focus resources on innovation and customer service,” stated Joseph Fung, vice president of HCM products at NetSuite. “These next-generation new features in NetSuite Premier Payroll Service make it the go-to solution for businesses that want to improve payroll accuracy and cost-efficiency while natively integrating with NetSuite accounting, expense management and commissions.”

NetSuite’s Premier Payroll Service has built-in employee self-service and a fully integrated payroll interface that automatically enters time, salary and payroll data. The service natively supports NetSuite cloud accounting, expense management and commissions, while automating all payroll tax filings with U.S. federal, state, and local jurisdictions and streamlines creation and delivery of year-end Form W-2 and Form 1099-MISC.

Other new capabilities include: deeper editing options to make adjustments to information at a line-item level without recalculating everything, enhanced payroll workflows, processing suspension, new filtering and searching, and more flexibility in managing automated processes.

These enhancements are expected to be available in early 2015.

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