HR Payroll Connector
The Challenge
The risks are high when data from your payroll and HR systems gets out of sync
with your stock plan management solution. A terminated employee can end up
exercising a grant that should have been forfeited. The wrong tax jurisdiction
can be applied if an employee has moved. An executive can have incorrect taxes
withheld after passing the million dollar limit. You do not want any of this to
happen on your watch!
The Solution
You need a way to share data between systems that does more than simply pass
files back and forth. The tool needs to be smart enough to translate formats so the
systems can understand each other. The process needs to happen regularly to provide accurate reporting data and preserve SOX controls.
Product Highlights
• Stop a terminated
employee from exercising
a grant.
• Apply the correct tax
jurisdiction when an
employee moves.
• Properly update tax
withholdings after an
executive passes the
million dollar limit.
How Certent Does It
Play it safe. Connect your payroll and HR systems to Certent
with HR Payroll Connector.
Certent HR Payroll Connector lets you synchronize important tax and employee
demographic information and makes it easy to manage the translation and transfer
of data between systems. Plus, you shave time off your payroll cycle by eliminating
manual entries for equity transactions. With Certent HR Payroll Connector you
don’t need to rely on your IT staff and sensitive employee data is kept safe and
secure behind your firewall.
Mitigate Risk and Gain Efficiencies
IMPORT
MAP
FILTER
Translate and Transfer Tax Information
Certent HR Payroll Connector lets you import year-to-date tax information from
your payroll system to Certent and automatically export the tax withholding
information to keep your payroll system current. You can even schedule the export
to take place at a designated time to further automate the process.
Periodic updates between systems ensure that individual taxable events are
properly recorded and applied in a timely manner. For employees who live in one
state but work in another, Certent HR Payroll Connector lets you assign the proper
tax rate.
© 2015 Certent
|
All Rights Reserved
|
HR Payroll Connector
EXPORT
SYNC
HR Payroll Connector
Translate and Transfer Employee Demographics
You can import demographic information such as employment status, tax treatment and addresses from your payroll or
HR systems. The Connector maps the data to the required fields in Certent using customizable look-up tables. This tool
lets you set filters to populate information for just your plan participants and load only the data that has changed from
the prior review period.
“We had a question about
how the exchanged
options were flowing
through a calculation and
figured it out after a quick
conversation with Karl. By
the way, our Big 4 auditor
loves Certent and my
Assistant Controller came
over to my office yesterday
and said ‘Have I told you
today how much I love
Certent?’ It was the proxy
reports. You guys are doing
a great job!”
Matthew Camp
Senior Manager of Accounting
Digirad Corporation
Getting Started Is Simple:
There’s no in-house development or IT intervention required.
We pre-configure Certent HR Payroll Connector to work with your systems and provide hands-on training to ensure you
make the most of this efficiency engine.
Save time. Streamline processes. Improve SOX compliance. Reduce errors.
Discover how Certent is redefining the way companies manage their stock plans.
Call 866 336-3274 or contact us at [email protected].
4683 Chabot Drive, Suite 260
Pleasanton, California 94588 USA
Tel: +1 866.336.3274
www.certent.com
© 2015 Certent
|
All Rights Reserved
|
HR Payroll Connector