How much time could you save with the IRIS AE Suite™?
There is no getting away from the fact that preparing your business for auto enrolment will be time consuming and making sure you allow enough time for carrying out the specific tasks that need to be in place will be essential.
You can however make things easier for yourself. Ensure you spend time on the right activities and save yourself work where you can by having the right software in place. The IRIS AE Suite™ will automate many of the key tasks of auto enrolment saving you valuable days.
Spend time doing this:
- Make sure you take time to know your staging date and the legislation behind the auto enrolment process.
- Put time into researching suitable pension providers and make sure you have a plan in place so that key people in the business know what their responsibilities and actions will be.
Save time here:
- Creating your own auto enrolment communications would take you around 5 days to complete – with the IRIS AE Suite™ they are all written for you and ready to go.
- Don’t spend days preparing complex flow charts for the automatic enrolment business processes. This could take you weeks and the more manual processes the greater the likelihood of things going wrong. The IRIS AE Suite™ will ensure the key steps are done automatically so you don’t need to worry.
- Classifying workers into categories can take up to 5 days when done manually. This time is reduced to zero with the IRIS AE Suite™
- You could save up to 56.5 days when implementing automatic enrolment with the IRIS AE Suite™ – just think what you could do with all that additional time.
Once you have staged
You may think that once your staging date arrives the hard work is behind you and you can relax as things get back to normal.
Don’t forget, however, that there will be ongoing tasks that must be carried out and without the right systems in place you could be looking at adding extra hours to your workload each and every month.
You will have to assess workers each pay period, send communications when required and keep auditable records.
Doing this manually will take around 3.5 hours per month but with The IRIS AE Suite the processes are automated and can be performed instantly.