Benefits & Overtime Calculations

Overtime and Benefits are two expenses that most organizations face. PROPHIX allows you to manage these complex calculations easily to ensure you understand the impact of overtime on your organization. Rather than having your bottom line cut by unexpected costs, you can understand the impact to your organization and plan proactively.

Benefit planning can represent a large component of an organization;'s personnel expense structure. PROPHIX allows you to manage a variety of benefits programs including:

• 401k or RRSP matching programs
• Pension Plans
• Medicare or Medical Plans
• Dental Plans
• Retirement plans

Benefits are increasingly expensive for businesses to provide to employees, so the range and options of benefits are changing rapidly. PROPHIX allows you to create multiple rule sets for different plans so you can quickly understand the implication of changing plans or new governmental regulations.

You can apply these personnel rules to your entire organization or separate offices. PROPHIX allows you to spread expenses relative to your organizational or other pre-defined rules or hierarchies. This flexibility allows you to allocate different benefits plans, relative to the needs of your organization.

Human Resources Tools

These powerful tools allow a finance or human resources professional to quickly understand the implications of their benefits plan and make better decisions. With built-in scenario management, you can create multiple benefit plans and understand the effect on a company's bottom line. PROPHIX provides you with the information to make better decisions. 

Overtime Planning

PROPHIX allows managers to either manage the short-term implications of overtime or create a long-term strategic plan to reduce costs. By reviewing the long-term strategic impact of an overtime cost structure, managers may be able to determine more effective staffing approaches.

Human Resources Dashboards

PROPHIX allows you to create scorecards and dashboards to monitor overtime costs. Using PROPHIX dashboards, you can easily drill down into the account detail and understand at a transaction level what is creating an anomaly.