AccountantsWorld, which provides cloud accounting and payroll software solutions, has created an open application programming interface (API) for human resource management applications.
Because AccountantsWorld offers its own payroll product (Payroll Relief), this API capability will be welcomed by accountants wishing to expand their service offerings to include HR.
The two-way Payroll Relief API allows permitted data to move between it and HR and human capital management (HCM) solutions. As of now, two HR solutions — SwipeClock’s Workforce HUB, and Guhroo — are in the final phases of integration, with more integrations on the way.
For business clients, the benefits of the API are hoped to lie in productivity gains. With it, businesses may be able to avoid duplication of employee and relevant payroll and payroll compliance data across disparate systems. This includes employee demographics, pay types, rates, standard hours, deductions, salary, department, location, direct deposit information, time entry into Payroll Relief from other applications, ability to dynamically set rates for employees per pay cycle and more.
Through the API, HR applications will be able to fetch from employer information such as EIN, company name, primary and secondary contact information, deductions, pay types, pay schedules, departments, locations, and classifications; employee data such as pay stub or paycheck information, various detailed data points usually present on pay stubs, list of all employees belonging to a company and various details like demographics, pay schedules and deductions for each employee from Payroll Relief. The integrating application can also retrieve information for accounting software integration purposes such as like all tax payments, third-party payments, and a list of all general ledger transactions with GL account numbers within a given date range.
“We created Payroll Relief exclusively for professional accountants and payroll service providers. Our focus on payroll technology is relentless,” said Sharada Bhansali, co-founder and president of AccountantsWorld, in a statement. “At the same time, Cloud technologies have brought HR/HCM solutions within reasonable reach of smaller solutions providers. Therefore, we decided to enable HR/HCM software solutions providers to leverage our deep expertise in payroll technology. This also introduces new service capabilities and revenue potential to our Payroll Relief customers, giving them an important competitive edge, especially for smaller and mid-sized accounting/payroll firms. It will now be possible for our customers to efficiently manage HR, talent, time and attendance, payroll processing, payroll compliance and employee portals for their clients.”