Aurion streamlines employee contribution and deduction process using ClickSuper
26 May, 2011
Sydney, Thursday, 26 May 2011: Aurion, an integrated payroll and human resources enterprise solution provider, has selected ClickSuper as an ecommerce engine to process employee superannuation contributions and deductions on behalf of its 250 business customers throughout Australia.
Developed by Cuscal, ClickSuper is an automated, straight-through solution for paying superannuation contributions, rollovers and other employee deductions.
Frank Gilmartin, General Manager - Commercial and Operations at Aurion said, "We selected ClickSuper as it integrates easily with our other payroll systems. Using an electronic tool to pay superannuation contributions rather than relying on a manual, cheque-based system, offers us the opportunity to save time and money."
"With ClickSuper, we can facilitate and track superannuation payments from the employer straight to their employees' superannuation fund. This ultimately offers value to an employee, as it reduces the time their money is out of the investment cycle," he said.
According to David Heine, General Manager at Cuscal, "We are excited to have been chosen by Aurion. We are seeing more payroll organisations embracing the principles of the SuperStream initiative by choosing electronic alternatives. By using ClickSuper, we hope to help Aurion deliver a more efficient payroll service to their business customers and to enhance the scalability of its back office processes."
Key features of ClickSuper include:
- Reduces the amount of time it takes to process employee contributions for large employers / payroll service providers to less than three business days on average, reducing the non-investment period for members;
- Integrates and enables straight through processing directly from an organisation's payroll system or Enterprise Resource Planning (ERP);
- Reduces the likelihood of error and the need for reconciliation through the use of standardised forms and/or data fields, such as for date of birth and tax file number, together with the payment;
- Manages compliance risk associated with making super contributions and other employee deductions as it validates and pre-reconciles data and payments;
- Reduces operational costs via the introduction of an electronic system as opposed to manual, cheque-based system; and
- Updates and tracks payment from the employer to the superannuation fund.
About Aurion
Aurion Corporation is an integrated HR solution company. Aurion develops Enterprise HR software and provide services from Software as a Service to fully outsourced payroll. Aurion is a Rich Internet Application (RIA), incorporating talent search and retention, payroll, time and attendance, scheduling, self service, workflow, ad hoc reporting and business process automation. For more details on Aurion, please visit www.aurion.com.au.
About Cuscal
Cuscal is a leading business-to-business provider of wholesale banking and transactional banking services in Australia. Servicing more than 100 specialist retail financial institutions, including the majority of Australia's credit unions, Cuscal processes more than 100 million electronic banking transactions each year and manages the assets of a customer base with a collective balance sheet of more than $30 billion.
For more details on ClickSuper, please visit www.clicksuper.com.au.
Further information on Cuscal can be found at www.cuscal.com.au.
ClickSuper at the Payroll News Conference
To see a demonstration of ClickSuper, visit stand #1 at the Payroll News Conference being held on 27 May 2011, in Melbourne. For more information, please contact Dean Martin at Cuscal on (02) 8299 9207 or email info@clicksuper.com.au.
To arrange interviews or for further information, please contact:
Caroline Hendra or Nidhi Kayastha
Cuscal Limited
T: 02 8299 9267 / 02 8299 9203
M: 0423 842 967
chendra@cuscal.com.au / nkayastha@cuscal.com.au