Smaller businesses throughout the North East facing the administrative headache of implementing auto enrollment can ease the burden through intelligent use of software, according to one of the region’s foremost IT firms.
Jonathan Dowden, pensions expert at the Newcastle-headquartered Sage UK, pointed out 720,000 businesses in the UK will have to introduce a workplace pension scheme for the first time and that average set-up costs for firms with less than 100 employees will be £12,600. Firms will also have to complete 33 administrative tasks, taking an average of 103 days to complete.
Dowden said: “Success for a business is being able to bring pensions and payroll into one entity. The magic happens when the two integrate so seamlessly the payroll process does not miss a beat, turning a very complicated process into something very simple
“We want to make auto enrolment as simple and pain free as possible. As well as taking away the headache of added admin, keep the cost of implementing AE to a minimum. Firms will not have to fork out for potentially costly and ineffective middleware, and there are savings to be made in staff time because the process is so streamlined.
“Sage 50 Payroll Automatic Enrolment Edition and the Sage Pensions Module have been created to put small businesses in control of their auto enrolment preparation.”