Single Touch Payroll (STP) Tool Savings
Multiple large customers have benefited from the PeopleSoft Single Touch Payroll (STP) tool for reconciliation. The STP reconciliation tool does a three way compare against Earnings, Accumulators and STP created results for reporting and automatically display errors online for resolution.
On average the tool saves 2-4 hours per pay period for small to medium size customers.
For some customers it has brought down the standard checking to 1 hour maximum per pay period.