Precision calculates the liability. Fortis verifies and protects the payment.
Three layers prove that payroll was operated correctly. The fourth is about what happens to the money afterwards - and it is the layer most competitors do not have.
Detection stops at the bank export.
A platform that files an FPS has demonstrated a calculation. It has not demonstrated that the money reached HMRC - and under joint and several liability, that second question is the one with somebody else’s balance sheet attached to it.
Precision produces the liability, the due date and the settlement position it is in. Where the Fortis connection is included in your product model, that position carries through into verified settlement and supply-chain assurance, so the evidence runs from calculation to payment rather than stopping halfway.
The liability, the date it falls due under your credit terms, and the settlement status recorded against it.
Verified settlement and published supply-chain assurance sit with Fortis, where that connection is included in your product model.
Precision can evidence what was owed and when. Demonstrating that the money arrived is a different job, and we do not claim it as one of ours.
Two products. One continuous piece of evidence.
What should be paid
Calculates the payroll under controlled rules; runs its checks over every entry before the run is posted; files the submission; and records what was owed and when it fell due.
That it was paid
Takes the verified liability position and carries it into controlled settlement and supply-chain assurance, so the agency and end client can see the position of their own supply without asking anybody for it.
Where this applies.
The Fortis connection is available where it is included in your product model. It is not automatically part of every Precision deployment, and this page does not imply that it is.
If supply-chain assurance is central to why you are looking at Precision, say so early - it changes what the demonstration should cover.
Availability. The Fortis connection is shown throughout this site as “where included in the product model”. Confirm the scope of your own arrangement before relying on it in a supply-chain commitment to a client.