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Outsourcing Your Payroll Lets You Focus On Growth & Strategy

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As a business builder or the manager of an enterprise in Africa, you face a complex regulatory and tax environment as well as ever-stricter enforcement of the rules by your government and tax authorities.

That means you cannot afford to make any mistakes when you calculate your payroll and related tax payments and submissions.

Getting it right is operationally essential, but it can also be a drain on your time and your resources.

This is doubly true if you lack a modern payroll system that automates calculations and submissions. Yet getting your payroll right is just a cost of doing business – it’s not going to help you set yourself apart from your competitors.

That’s why more and more African business leaders and entrepreneurs are starting to look at outsourcing their payrolls to specialist service providers.

This approach enables you to focus on strategy, customer satisfaction and your employee value proposition rather than on paperwork and administration. You leave running the payroll process in the hands of someone who excels at it because that is the reason they are in business.

How does outsourcing work?
Outsourcing is a contractual agreement where you entrust a third-party service provider with running a service or process on your behalf. The benefit is that you get access to the service provider’s expertise, technology and processes without needing to invest in skills and infrastructure yourself.

Outsourcing your payroll process eliminates many of the back-office costs associated with operating your payroll in-house, such as software and admin staff.

By working with a specialist, you can be sure that your payroll is accurate and that you are compliant with the latest tax laws and tax calculations.

Another benefit is that the payroll outsourcing service provider will have the processes and discipline to better manage the risks of leaking employee information. Outsourcing can make your payroll run faster and easier.

All you need to do is gather and communicate payroll information to the payroll outsourcing service provider. Using a payroll service also gives employers access to a greater number of services. This has become increasingly important, as administration of other functions (for example retirement plans, medical aid schemes, direct deposit and leave administration) has become part of the payroll process.

How can you tell if it is time to outsource payroll?

Answering “yes” to several of the following questions:

Have your employees had to remind you when it’s time to issue payroll?

Have your employees questioned your payroll calculations?

Do you need to free up payroll employees to perform other functions in your company?

Have you had employee issues due to confidentiality breaches?

Has your company received a penalty from your country’s tax authority for failing to pay on time or for paying an incorrect amount?

Have you ever overpaid taxes or statutory deductions such as unemployment insurance social security?

Do you offer multiple payroll deductions for employee benefits such as medical aids and retirement funding?

Do you experience difficulty in reconciling payroll related payments?

Are you frequently adding new employees and/or terminating others?

Are you having difficulty tracking accrued vacation and sick leave balances?

When choosing a payroll outsourcing service provider, it pays to compare not only pricing, but level of service and value added to your business.

As the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of the world’s entrepreneurs, Sage is an indispensable business partner in helping businesses optimise their payroll environment.

Anton van Heerden is the Executive Vice-President, Africa & Middle East at Sage

 


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E-Business

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

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National Information Technology Development Agency (NITDA) and the National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance synergy between digital identity, payment ecosystems and secure seamless data exchange capabilities for Nigeria.

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

l-r: Kashifu Inuwa, Director General of NITDA, and Bisoye Coker-Odusote,  Director General of NIMC, during the meeting at the NIMC headquarters in Abuja..

NITDA, which made the announcement on its X handle, said that the collaboration was to further strengthen Nigeria’s digital economy in line with President Bola Tinubu’s Renewed Hope Agenda,

During the meeting, Kashifu Inuwa, director general of NITDA, and Bisoye Coker-Odusote, director general of NIMC, with some management staff of both organisations, discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of public-key infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up.

This committee will play a crucial role in kickstarting and harmonising the initiatives and is expected to deliver a comprehensive implementation report within the next 4 weeks.

 

 


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Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

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Noble Ajuonu, head, Sydani Technologies Ltd., has urged the Federal Government to harmonise National Identification Number (NIN) and Bank Verification Number (BVN) to tackle crimes and insecurity in the country.

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

Ajuonu made the call at a media roundtable, organised by Sydani Group in Abuja.

The News Agency of Nigeria (NAN) reports that the roundtable focuses on driving sustainability through a comprehensive analysis of Nigeria’s key development areas.

Ajuonu said that Nigeria could overcome its security challenges and pave the way for a safer, more secure future for all Nigerians by embracing technology and implementing practical solutions,

“We need to harmonise data, prioritise seamless integration of databases like NIN, BVN, and security agency records, establish clear protocols for data sharing and access, with robust safeguards against misuse,’’ expert said.

According to him, the unified data pool will empower intelligence gathering and targeted operations.

He also called for investments in smart surveillance, intelligent video analytics software, training of personnel in data analysis, interpretation of data in real-time to combat crimes.

“There is need to implement a legal framework for call interception in criminal investigations, with strict oversight to prevent abuse, encourage community cohesion, training of tech savvy security personnel with tech-enabled tools.’’

Ajuonu also urged the government to address infrastructure deficit in technology, saying that technology was all encompassing to address insecurity.

“According to the National Identity Management Commission (NIMC), as of December 2023, only 104.2 million Nigerians had been enrolled for the National Identity Number (NIN).’’

Ajuonu added that over 122.2 million citizens left uncaptured for NIN were people in rural areas where enrolment centres, digital services were limited.

“Most crimes are being perpetuated from rural communities and this lack of comprehensive identification creates a gap where elements not captured in the national database can constitute public nuisance, crimes.

“There is the inadequacy in the integration of NIN, BVN and Voters Identification Number (VIN).

“Advanced call interception and analysis tools, used successfully in other countries, could provide invaluable insights into criminal networks and operations but infrastructure is lacking,’’ he said.

Also, Mr Godfrey Petgrave, the Agricultural Expert, Sydani Group, called for empowerment of smallholder farmers with access to finance and training to enhance productivity.

According to Petgrave, Nigeria requires policy reform and institutional strengthening to improve agricultural practices and embrace digital agriculture solutions to address food insecurity.

Mr Akolade Jimoh, another expert of the group on health, advocated for expanded community-based health insurance programmes for rural and underserved areas.

Jimoh added that the country needed to encourage Public Private Partnership to revolutionise products design and quality improvement on health services.


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Konga launches Infinix Brand Week with Incredible Deals

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Konga, Nigeria’s leading composite e-commerce group, is thrilled to announce the launch of amazing deals at its Infinix Brand Week. Infinix, a leading global smartphone brand known for its innovative products and cutting-edge technology promises exclusive discounts and special offers on select smartphones, marking an exciting milestone in the realm of online shopping.

Shoppers can expect nothing short of extraordinary deals on a wide range of Infinix products, all available exclusively on the Konga online platform. With discounts of up to 30% off, this partnership between Konga and Infinix aims to redefine the shopping experience for tech enthusiasts across Nigeria.

Konga Brand Week has become synonymous with excitement and unbeatable deals, and this year’s edition is no exception. In addition to exclusive discounts on Infinix smartphones, shoppers can explore a diverse array of products across various categories, including electronics, fashion, home essentials, and more.

“At Konga, we are dedicated to providing our customers with the best shopping experience possible,” said Rita Ohaedoghasi, VP Marketing at Konga. “The Infinix Week during Konga Brand Week allows us to continue delivering on that promise by offering incredible discounts and special offers on some of the most sought-after smartphones in the market.”

To stay updated on the latest developments and exclusive deals during Konga Brand Week, shoppers are encouraged to connect with Konga across all platforms, including social media and the Konga website. Don’t miss out on this opportunity to score big savings and elevate your tech game with Infinix and Konga.


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