With the increasing complexity of payroll compliance and the evolving landscape of regulations, businesses face a growing risk of underpayments, especially when it comes to interpreting Modern Awards and Enterprise Agreements (EAs).
To stay ahead of these challenges, businesses need a clear view of their payroll health to prevent issues before they escalate.
Yet, traditional payroll audits—often reliant on manual data analysis—are time-consuming and prone to errors, making it difficult for leaders to track compliance risks, monitor payroll status, and make informed decisions with confidence.
Introducing the Executive Insights feature
Executive Insights is an advanced AI-powered feature within our Modern Awards and EA solution that analyses vast amounts of pay slips and timesheets, transforming complex payroll data into a concise, easy-to-understand one-page report.
Tailored for C-suite executives, board directors, and legal advisors, it provides immediate visibility into payroll compliance, empowering leadership to make informed, strategic decisions with confidence.
Executive Insights delivers in-depth payroll analyses with a customisable time frame, including:
- Underpayment analysis – Identify, quantify, and determine causes of potential underpayments.
- Overpayment analysis – Detect, measure, and prevent financial losses from overpayments.
- Root cause analysis – Pinpoint the underlying sources of payroll discrepancies.
- Employee outlier detection – Spot anomalies that could indicate payroll errors.
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How does the Executive Insights feature utilise AI
The Executive Insights feature seamlessly integrates with our Modern Awards and EA platform, consolidating data from payroll systems, timesheets, and pay rules. In the background, advanced analysis is conducted to provide context and generate meaningful inferences, delivering a comprehensive compliance report with key summaries in seconds.
Leveraging the power of Generative AI, Yellow Canary uncovers relationships between employee segments and correlates them with detailed payroll analysis to extract actionable insights. These insights are specifically designed to assess the accuracy of input data, the precision of the analysis, the extent of any discrepancies, and the underlying causes of underpayments or overpayments.
From data to decisions
No more sifting through endless spreadsheets—the Executive Insights feature provides leadership teams with the clarity they need, when they need it. It answers three critical questions for decision-makers:
- Accuracy: Are employees being paid in line with the relevant pay rules?
- Quantification: How significant are the discrepancies, if any?
- Cause: What are the root causes of any payroll issues?
Designed for non-technical stakeholders, these reports simplify payroll compliance tracking and are ideal for:
- Board meetings – Present key compliance metrics with clarity.
- Legal & audit reviews – Ensure accurate payroll practices.
- Strategic planning – Use insights to align payroll compliance with business objectives.
A proactive approach to payroll compliance
At Yellow Canary, we are committed to continuous innovation in payroll compliance. With AI-driven enhancements, the Executive Insights feature simplifies payroll auditing, helps rectify issues in real-time, and enables informed decision-making at every level.
We recently introduced new features, including the Executive Dashboard and Long Service Leave tool, and continue to refine our offerings with AI optimisations to support Australian employers in ensuring employees are paid correctly.
