Logix for CorePay | Nathean Technologies

By: Nathean Technologies  05/12/2011
Keywords: Financial Analysis

Logix Professional CorePay Edition enables the business user to interact with payroll data visually, exploring standard metrics while answering their own ad-hoc questions with ease.

Using nothing more than simple drag-and-drop actions, Logix Professional for CorePay builds up powerful ‘views’ which answer business questions in a step-by-step fashion.

Logix Professional CorePay Edition delivers instant financial analysis drawing on key payments information including:

  • Payroll
  • Overtime
  • Allowances
  • Expenses
  • Absence / Sick

Explore Actual Pay Costs

For the first time, visually explore actual payments including overtime, expenses and allowances, trended over time or totalled by period, all from one simple-to- use screen.

Determine Key Statistics With Ease:

Break down pay costs quickly without restrictions for true ad-hoc analysis and then use easy statistics to immediately display averages, sums, mins or maxs.

Unstructured Payments

Unstructured or unbudgeted payments can be significantly different from expected amounts. Compare actual normal time, overtime, expenses and allowances payments against budgeted amounts and explore the variances with ease.

Cost Distribution

Without the ability to visually explore payments data, some costs can become accepted as ‘normal’. However distribution analysis can uncover imbalances which may be inefficient or worse, artificial; what if 20% of staff earn 80% of overtime?

Cross Analysis

Use HR data to extend your scope and create more powerful analyses. For example, explore specific expense types such as mileage, meals or taxable extras across divisions, departments, grades and even demographic factors such as length of service.

“In response to Government costs strategy, we have been using Logix Professional to analyse payroll, overtime, allowances and expenses. The resulting exploration and visibility of costs has been immensely valuable.

We have no doubt this clever solution from an Irish software company will continue to be critical to our efforts in effective budget management and would be invaluable to other Councils looking to deliver meaningful savings.”

Martin Allidine, Administrative Officer, HR, Fingal County Council

Keywords: Financial Analysis

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