ASIC’s Payroll Revamp Eases Employee Shift from ATO
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Quick Overview
- ASIC is shifting from PeopleSoft to Aurion for payroll handling by the close of the year.
- This shift enabled the return of 200 personnel from ATO to ASIC.
- Aurion accommodates numerous enterprise agreements, assisting in smooth staff relocations.
- ASIC committed $1.1 million to Aurion for payroll software and ongoing expenses through June 2027.
- This change is part of a comprehensive upgrade of management systems, which includes a new ERP system.
Detailing the Payroll Transition
The Australian Securities Investments Commission (ASIC) is on course to finalize a crucial transition from the PeopleSoft payroll system to Aurion by year-end. This change signifies a major advancement in ASIC’s overall plan to enhance its management systems, including the launch of a new enterprise resource planning (ERP) system from Technology One.
Seamless Staff Transition
The initial stage of this transition, finalized in April, witnessed 200 employees revert to ASIC from the Australian Taxation Office (ATO). This change was prompted by the cancellation of the Modernising Business Registers program by the government, which led to business registers and related services being reassigned to ASIC in May 2024.
Advantages of Aurion’s Dual Agreement Capability
The transition was aided by Aurion’s capacity to manage dual enterprise agreements, accommodating staff under both ATO and ASIC contracts. This adaptability guaranteed a smooth relocation for personnel returning to ASIC.
Financial Commitment and Future Initiatives
ASIC has allocated $1.1 million to Aurion for the deployment of payroll software-as-a-service, with the agreement lasting until June 2027. The next phase, which will transfer current ASIC staff to the new system, is anticipated to be concluded by the end of the year.
Comprehensive Management Systems Update
This payroll transition is an integral part of ASIC’s wider efforts to modernize its management systems. The agency is also implementing a Technology One ERP system, moving away from the existing PeopleSoft Financial system. In addition, ASIC is focusing on the implementation of a new capital management system.
Overview
ASIC’s transition in payroll from PeopleSoft to Aurion signifies a pivotal advancement in updating its operational framework. This change not only supports the efficient transition of personnel from the ATO but also aligns with ASIC’s larger strategic goal of enhancing its management systems.
Q: What led ASIC to shift from PeopleSoft to Aurion?
A: The shift is part of ASIC’s comprehensive management systems enhancement, aimed at modernizing its operational framework.
Q: How many personnel were involved in the transition?
A: The first phase of the transition saw the return of 200 personnel from the ATO to ASIC.
Q: What function does Aurion serve in the transition?
A: Aurion’s payroll solution supports dual enterprise agreements, facilitating effortless staff transitions between ATO and ASIC.
Q: What is the financial scope of ASIC’s collaboration with Aurion?
A: ASIC committed $1.1 million to Aurion for payroll software implementation and recurring license fees until June 2027.
Q: When is the transition expected to be finalized?
A: The full transition to the Aurion payroll system is expected to be completed by year’s end.
Q: What other systems are under upgrade at ASIC?
A: In addition to the payroll transition, ASIC is implementing a Technology One ERP system and a new capital management system.
