PensionSync is different. You upload a standard data file, and PensionSync automatically splits it into the separate files Nest needs, and queues them for you to be processed in turn.
You no longer need to process each step in turn, and wait for Nest to catch up between each step - PensionSync streamlines the whole sequence into a single upload.
If you are manually entering the data, uploading files on the Nest website, or even using a direct feed from payroll to Nest, you’ll know that Nest require three separate processes every payroll run:
There is often a processing time between these steps, meaning you have to come back to finish the job later.
The most common reason why people fall back on typing the data into the Nest website manually is that the files their payroll software produces simply don’t work. Whether you are using CSV upload on the Nest website, or a direct feed to Nest, if the data in the file is broken, it won’t work.
Good news. PensionSync knows why the majority of files fail, and it automatically corrects the most common errors, including:
Pay period dates
Payment Source names
General data formatting, such as postcode, address and title formats
With PensionSync you get fewer errors, and more files that go through right-first-time. Even if you do get errors, PensionSync makes it easy to correct and resubmit your data file.
Even with the best payroll direct feeds, once the data has been successfully sent, you still have an additional process to manually approve the payment to Nest.
Not with PensionSync. PensionSync proactively checks with Nest to find out when payments are due, and what the amounts are. These are automatically approved ahead of the Payment Due Date, to ensure your clients’ contributions are never paid late.
Every payment approval is recorded in PensionSync, so you have a full audit trail which can be downloaded for your records.
PensionSync works with any payroll software, using file formats which are readily available from popular products including Sage, Moneysoft, Xero and BrightPay.
Some software products have PensionSync integration, which means you don’t even need to upload the files - your software sends them for you as part of the payroll run.