Is your staging date approaching soon? Sage and NEST have announced a new collaboration, resulting in an innovative tool that will help employers reduce the administrative pressures of Auto Enrolment.
Hundreds of thousands of the country’s smallest businesses will soon be reaching their staging date, meaning they’ll be facing additional administrative duties and overheads. To support employers, Sage have created new functionality within Sage Pensions Module, called Pensions Data Exchange, which integrates seamlessly with NEST’s Web Services. It allows businesses to send and receive relevant pensions data directly to and from their pensions provider in one click, dramatically easing the pension set-up process, so saving further time, effort and any later correction handling.
“Sage is one of the first to deliver a solution using NEST Web Services and its fantastic news that they’re ready to offer their Pensions Data Exchange to their customers. With 1.8 million employers needing to put a workplace pension in place by 2017, this is a key development in the roll out of Auto Enrolment.” Helen Dean, CEO of NEST
Pensions Data Exchange will automate all pension interactions for NEST and Sage’s customers, both direct and via accountants, bookkeepers and commercial bureaux. Currently, customers would have to manually prepare and send their data, which can be time-consuming and open to errors. With Sage’s new functionality, customers can now process with a ‘one click’ automated tool, empowering them to meet important regulatory requirements with greater ease and confidence.
“We are delighted to be at the forefront of this new technology that automates our customers’ exchange of their crucial, regulatory pension information”, commented Lee Perkins, Managing Director for Sage UK and Ireland.
To support employers, Sage have created new functionality within Sage Pensions Module, called Pensions Data Exchange, which integrates seamlessly with NEST’s Web Services.