Sage Pastel Payroll and HR, and Sage Netcash, have partnered to offer customers in-application payroll security functionality.
The payroll application allows users to verify and validate ID and bank account numbers, and perform credit checks using a single platform. This reduces the risk of fraud and saves time, says Sage Netcash.
"We want to start offering our business users seamless integration rather than having to jump in and out of various systems to complete a payment or verify an account," said Charles Pittaway, MD of Sage Netcash, at a press launch this week.
The system will validate employee banking details with banks, including Absa, African Bank, Capitec, FNB, Mercantile, Nedbank and Standard Bank.
The package offers security alerts, which notify the business if a client stops paying another one of its creditors, allowing the business owner to better manage business risks. "If someone changes the details of a supplier's account, for example, which amounts to fraud, you are alerted immediately," said Steven Cohen, MD of Sage Pastel Accounting. Cohen added that this security verification from Netcash and Pastel will help employees do their jobs well and prevent them from being fired should they make a mistake.
According to Pittaway, the accounting package will also handle all verifications and relationships with third-party service providers for the business, reducing admin.
Pittaway noted three key focus areas of this new strategy, the first being interoperability. "Any system - be it a desktop, online, a mobile app - needs to communicate with each other and be able to pass data to and from each other."
Business intelligence is also fundamental to this approach, Pittaway added, noting that Sage Pastel Payroll and HR will provide the user with the necessary data to make informed business decisions. Finally, Pittaway discussed the value proposition that customers will enjoy from this security functionality, as these products and services save time and money and add value to the business.
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