Patersons HR and Payroll Solutions Shares Details of New Treasury Management and International Payroll Capabilities
World's Only One Platform, One Contract Global Payroll Provider Enhances User Experience and System Functionality
RALEIGH, NC and SALISBURY, UK--(Marketwire - October 16, 2008) - Patersons HR and Payroll
Solutions, a leading global HR and payroll software and services business
delivering expert solutions to clients in more than 160 countries, today
announced details of its International Treasury Process (ITP) and
International Payroll Workflow (IPW).
At the core of its success is Patersons HR and Payroll Solutions'
SaaS-based solution known as Logon2. With the inclusion of its new
International Treasury Process feature, the treasury role is moved from the
paying bank into the Logon2 application. This allows organizations to
review and approve the payment data and the Logon2 treasury user can then
generate and send the bank-specific payment file automatically online to
the respective paying bank. An end to end process is all carried out
securely online in Logon2. This means that clients can generate payments
to any country worldwide (currency restricted excluded), in any currency
either through the local clearing system (direct deposit) or international
ACH. Similar to the streamlined design of other workflows in Logon2,
International Treasury Process can be accomplished in four steps.
Delivered as true software as a service this facilitates global, regional
and local treasury with control and visibility worldwide on transactions.
Patersons ITP supports file formats for the following paying banks:
Citicorp, Bank or America and Wachovia Bank. Soon to come also are
worldwide pre-paid cards and payment to mobiles. More details will be
released in due course.
Karen Paterson, Chief Executive of Patersons HR and Payroll Solutions,
commented, "Market reception to our global payroll solution has been
outstanding. Since our inception, we've been focused on using the Internet
as the foundation for achieving what much larger vendors couldn't
accomplish before us. Our one contract, one platform approach is being
used by hundreds of organizations to payroll workers in more than 160
countries. The addition of our treasury management support, coupled with
our enhanced IPW, will simplify what have previously been extremely complex
and laborious functions."
ITP and IPW from Patersons are available now. For more information please
email: enquiries@patersons.net
About Patersons HR and Payroll
Headquartered in Salisbury, U.K. with offices in the U.S., central Europe
and Asia, Patersons HR and Payroll is a leading global HR and payroll
software and services business delivering expert solutions to clients in
more than 160 countries. The Company's secure Internet-based software as a
service is multi-currency and multi-lingual (covering over 30 languages),
features an easy-to-use interface, supports fast implementation times and
facilitates integration with existing systems. Patersons HR and Payroll
differentiates itself by: one contract, one software solution, one
enterprise interface and one cohesive system approach. As a result,
Patersons has proved the impossible by being able to run
multi-jurisdictional payroll rules for multiple clients on one database and
one instance of source code worldwide. More information and contact details
can be accessed at www.patersons.net