Managers are able to provide insight to executive management based on different scenarios. Users are able to create vacant jobs for forecasting purposes and perform various what-if cost scenarios using our mock payslip which is directly linked to the payroll engine thereby ensuring accurate costs.
Business controls percentage increase values for cost components, based on grades to ensure strategic financial alignment during increase time. Costing forecasts will automatically consider these increase percentages based on effective dates without management involvement.
Once executive management has “signed off” the forecasted headcount and costs for budget purposes, a snapshot of everything can be labelled and archived for future reporting and comparison purposes.
Pre-delivered reports provide insight into workforce composition and cost with the ability to analyse every detail and export to your accounting solution.
PaySpace enables companies to set up and circulate the budget quickly and within guidelines which improves business satisfaction.