Every business has to run payroll for their employees, whether they have two employees or 200,000 employees. The challenge of ensuring that employees are paid on time, accurately and being legislatively compliant is common amongst all businesses.
Synchrony Payroll is our solution to the ever challenging environment of Payroll Management. Synchrony Payroll, along with the Core HR Module of Synchrony People is a fully scalable cloud based solution that is designed to be used for everyone, everywhere. Our user friendly interface results in quick adoption with minimal training effort. With a simple implementation methodology that focuses on reducing time to go live, the solution allows you to realise business benefits in an accelerated manner, enabling your HR team to focus on strategic partnership rather than acting as a back office.
Synchrony Payroll is localised across 45 countries around the globe including compliance with requirements such as taxes, social insurances, pensions and associated reporting. Synchrony ensures that the solution is updated regularly to ensure legal compliance automatically.
Our solution is compliant with security standards and provides full disaster recovery services, ensuring peace of mind from the outset.
When bundled with one of Synchrony’s Service Offerings, Synchrony Payroll will enable you to focus on becoming a true strategic partner within your business, whilst Synchrony ensures that employees are paid on time and accurately.
Payroll Monitoring
Synchrony Payroll's three-click payroll process allows companies to move away from the batch-style processing to a continuous payroll process with real-time monitoring of payroll exceptions. Gone are the days where the payroll administrators have to spend significant time digging through countless error logs, spools, reports, diverse check tools, and often creating Excel lookups to find any payroll related errors.
Payroll Administrators
- See all payroll processes on one calendar
- Drill down into process view and take action (start payroll, initiate postings)
- Validation rules point out potential errors
Payroll Process Managers
- Easily create work packages for approval
Payroll Administrators
- See all payroll processes on one calendar
- Drill down into process view and take action (start payroll, initiate postings)
- Validation rules point out potential errors
Payroll Process Managers
- Easily create work packages for approval
Automatic Backpay Calculations
Synchrony Payroll automatically recalculates previous periods and adjusts the results accordingly based on employee master data changes prior to the current pay period. Retroactivity is one of the most useful and powerful features contained within Synchrony Payroll, and at the same time one of the most complex processes. Master data changes that are earlier than the current pay period dates trigger a retro payroll for an employee in the current payroll run. Synchrony Payroll recalculates all payroll periods starting with the earliest payroll period that is affected by this change and pays out or deducts the differences from the current payroll.
Synchrony Payroll automatically recalculates previous periods and adjusts the results accordingly based on employee master data changes prior to the current pay period. Retroactivity is one of the most useful and powerful features contained within Synchrony Payroll, and at the same time one of the most complex processes. Master data changes that are earlier than the current pay period dates trigger a retro payroll for an employee in the current payroll run. Synchrony Payroll recalculates all payroll periods starting with the earliest payroll period that is affected by this change and pays out or deducts the differences from the current payroll.
Synchrony Payroll Availability
Synchrony Payroll is compliant out of the box in 45 countries, with enhanced localization for eight countries (Australia, Hong Kong, Malaysia, New Zealand, Philippines, Singapore, United Arab Emirates, United States). Enhanced Compliance includes packaged payment and deduction catalogues, local absence management, best practice reports, interfaces and pre-built calculations for new hires, leavers and overtime rates.
Click on the map to see a list of all supported countries
Synchrony Payroll Service Offerings
Enabling
- Provision of application and hosting by Synchrony
- Transformation into a standardised best practice cloud solution
- Provision of application support and legal update management
- Allows clients to retain processing of services in-house whilst minimising IT expenditure
Managed
- All services contained within Enabling
- Provision of managed services through Synchrony’s delivery capability
- Transformation into a best practice operating model to support front-office staff
- Allows clients to focus on strategic initiatives
- Complements a client’s established process model, allowing client to retain face-to-face responsibility in-house
Comprehensive
- All services contained within Enabling and Managed
- Provision of end-to-end services, including voice and data entry support
- End-to-end business transformation, removing non-core, transactional work from a client’s operations, allowing increased focus on core and strategic functions
Enabling
- Provision of application and hosting by Synchrony
- Transformation into a standardised best practice cloud solution
- Provision of application support and legal update management
- Allows clients to retain processing of services in-house whilst minimising IT expenditure
Managed
- All services contained within Enabling
- Provision of managed services through Synchrony’s delivery capability
- Transformation into a best practice operating model to support front-office staff
- Allows clients to focus on strategic initiatives
- Complements a client’s established process model, allowing client to retain face-to-face responsibility in-house
Comprehensive
- All services contained within Enabling and Managed
- Provision of end-to-end services, including voice and data entry support
- End-to-end business transformation, removing non-core, transactional work from a client’s operations, allowing increased focus on core and strategic functions
Pricing
Bundle Services Rates
Enabling
Services Rates
Managed
Services Rates
Comprehensive
Services Rates
Basic
HR
Bundle
$6.01
Per user per month
$9.72
Per user per month
$10.14
Per user per month
Premium
HR
Bundle
$12.03
Per user per month
$15.73
Per user per month
$16.15
Per user per month
Terms and conditions may apply. Prices exclusive of implementation fees. Please contact us for a complete quote.
Basic HR Bundle
Payroll + Synchrony People Core HR: includes End to End Employee Lifecycle Support, Core HR Data, Position Management, Time Off/Absence Management, Online Reporting, Mobile App
Premium HR Bundle
Payroll + Synchrony People Core HR, Recruiting, and Performance & Goals: includes All Basic HR Bundle Functions, Applicant Tracking System, Recruitment Marketing, Job Posting Integration, Goal Management, Performance Appraisal, Continuous Performance, 360o Review
Bundle Services Rates
Enabling
Services Rates
Managed
Services Rates
Comprehensive
Services Rates
Basic
HR
Bundle
$6.01
Per user per month
$9.72
Per user per month
$10.14
Per user per month
Premium
HR
Bundle
$12.03
Per user per month
$15.73
Per user per month
$16.15
Per user per month
Terms and conditions may apply. Prices exclusive of implementation fees. Please contact us for a complete quote.
Basic HR Bundle
Payroll + Synchrony People Core HR: includes End to End Employee Lifecycle Support, Core HR Data, Position Management, Time Off/Absence Management, Online Reporting, Mobile App
Premium HR Bundle
Includes Payroll + Synchrony People Core HR, Recruiting, and Performance & Goals: includes All Basic HR Bundle Functions, Applicant Tracking System, Recruitment Marketing, Job Posting Integration, Goal Management, Performance Appraisal, Continuous Performance, 360o Review