Octopus HR Delivers Flexible Online Payroll Choices
Octopus HR can now deliver organizations the best choices of a fully managed, web based, payroll service with advanced features to drive down processing costs and time.

BUCKINGHAMSHIRE, ENGLAND, May 08, 2010 /24-7PressRelease/ -- Via their simple to use, fully-featured and flexible solution 'Octopus Payroll', the leading HR solution provider Octopus can now deliver organizations the best of breed choices of a fully managed web based payroll service, an integrated link to a current payroll service provider, or a standard payroll import file to link with an existing in house payroll system. Octopus Payroll allows each company to choose the best payroll option for their specific needs.

The fully-managed web based payroll service includes advanced features such as employee self-service access to on-line pay slips, and is seamlessly integrated with Octopus HR. Managers and HR Professionals can record payments and deductions, loans, attachment of earnings, pensions, childcare vouchers - all can be effortlessly created and processed through the payroll.

Some of the key OctopusPayroll features include:

- Draft and final pay runs
- User-based Payroll reports
- On-line payslips
- On-line Statement of Earnings
- Transmit BACS file for Net pay
- Bank Account/Sort code validation
- Print and dispatch security sealed payslips (logo and messages)
- SSP, SMP, SPP and SAP
- P6, P6B and P9 Tax code changes
- Student loan notifications
- P45(1), P45(3) & P46 new starter and leaver forms
- Leaver processing
- General Ledger file
- Employee payment request/approval process
- Full auditing
- Salary Sacrifice
- Payroll queries helpline for administrators
- Electronic communication of P35 and P14s
- P11D processing

Just like other award-winning Octopus modules, it's a web application that gives you controlled and secure access to all employee information, so all data and updates from Octopus HR can be easily transferred to a company's payroll system, saving time and money. Because OctopusPayroll enables 'single-point of entry' of payroll details, it not only eliminates duplication of data, it also ensures the accuracy and quality of information at all times and dramatically cuts down on payroll processing costs.

With powerful reporting tools and compatibility with other Octopus HR software modules, all backed up by a proven implementation process and support team, OctopusPayroll can meet even the most demanding of requirements.

So whether a company is currently using an in-house payroll system, an external payroll bureau, or are looking for a new fully managed payroll service solution, Octopus Payroll offers choices to ensure the very best payroll solution for your requirements.

Press Release Contact Information:

Chris Beaumont
Octopus HR
Sales & Marketing Director
Acorn House, Straight Bit
Flackwell Heath, Bucks
United Kingdom HP10 9LS
Voice: +44(0)1628 642090
Website: Visit Our Website