Yellow Canary is an AI-powered workforce compliance platform designed to help large Australian organizations proactively manage payroll risks and ensure adherence to complex wage regulations. By automating audits and leveraging advanced analytics, Yellow Canary enables businesses to detect, quantify, and address payroll discrepancies across modern awards, enterprise agreements, long service leave, and superannuation.
Key Features and Functionality:
- Automated Payroll Audits: Conducts comprehensive reviews of payroll data to identify underpayments and overpayments, reducing reliance on manual checks.
- AI-Powered Insights: Utilizes artificial intelligence to uncover hidden patterns and root causes of payroll errors, providing actionable recommendations for remediation.
- Superannuation Compliance Tool: Calculates superannuation guarantee variances and payable charges, simplifies Australian Taxation Office reporting, and supports both historical and ongoing compliance.
- Long Service Leave Compliance: Automates calculations of long service leave balances and payments in accordance with state legislation, pre-modern awards, and enterprise agreements.
- Seamless Integration: Integrates with existing payroll, Human Resource Information Systems , and workforce management software, enhancing visibility without major infrastructure changes.
Primary Value and Problem Solved:
Yellow Canary addresses the complexities of payroll compliance in Australia by providing organizations with the tools to proactively identify and rectify payroll discrepancies. This proactive approach helps businesses avoid costly remediation efforts, legal penalties, and reputational damage associated with non-compliance. By automating compliance processes and offering AI-driven insights, Yellow Canary empowers employers to maintain accurate payroll practices, ensuring employees are paid correctly and fostering trust within the workforce.