Delivering integrated payroll to your platform
IntelliPay is used by the majority of Procentia’s DB clients. For example, a global insurance business pays over 600,000 of their annuitants through IntelliPay.
Stand-alone or fully integrated
IntelliPay is a fully integrated module that we will use to provide complete payroll functionality to pensioner members. This includes generation of BACS transactions, payslip reports and full payroll balancing reports. IntelliPay will summarise all Pensioner Members’ payments at wrapper level and account for taxed and tax-free payments which will be used in the Real Time Information (RTI) interface.
Flexibility and reusability
IntelliPay is used by the majority of Procentia’s defined benefit (DB) clients and is highly scalable. IntelliPay can run daily, weekly, four-weekly, monthly, quarterly and annual payrolls.
With IntelliPay as part of IntelliPen, there is a completely seamless transition from a pension being calculated to it being put into payment.
Fast and robust
The pension sources screen in IntelliPen directly drives the payroll – there is no double entry of pension amounts resulting in fewer errors and resulting administration queries. IntelliPay is used by the majority of Procentia’s defined benefit clients and is highly scalable.
For example, Legal & General pays over 600,000 of their annuitants through IntelliPay each month.
Integrated source control system
IntelliPay payrolls may only be run by administrators with the appropriate access permissions. Before a pension or lump sum can be paid, it must first be authorised. An administrator cannot authorise a pension they have calculated, and authorisation can only be performed by administrators with appropriate access permissions. This is a standard feature of IntelliPay and is enabled by default.
Designed for administrators
Printed payslips can be produced by IntelliPay, but it is now more usual practice with IntelliPen clients to make the payslips available electronically through the Member portal. This will allow Pensioner Members to access any historic payslip and P60 online. The Member portal will include this online payslip capability to reduce reliance on paper.
IntelliPay is fully configurable, meaning we can deliver this component and future payroll rule changes without any requirement for system upgrades.