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Latest Opera 3 Release adds more integration to Workplace Pensions; NOW: Pensions integration and Salary Sacrifice capabilities set to help Payroll Professionals cut costs and maximise value of new workplace initiatives(M2 PressWIRE Via Acquire Media NewsEdge) Pegasus Software today announced the availability of its latest Opera 3 release, which is set to help HR and Payroll professionals to embrace the benefits of Auto Enrolment and Salary Sacrifice initiatives in the most cost effective way possible. Building on existing integration with NEST workplace pensions, Opera 3 is now integrated with NOW: Pensions. This offers greater choice and flexibility when implementing Auto Enrolment, while full support for Salary Sacrifice schemes will help reduce costs and add value for both employer and employees alike. NOW: Pensions is a market-leading provider of workplace pensions which meet the criteria of Auto Enrolment, and in response to demand from users, Opera 3 is now fully integrated with the scheme. This means that payroll professionals can automatically submit real-time, accurate information on employees to the pension provider, saving time and costs, and ensuring compliance with Auto Enrolment on an ongoing basis. In the wake of this renewed focus on workplace pensions, salary sacrifice initiatives have become increasingly popular, whereby an employee relinquishes some of their cash earnings in lieu of non-cash benefits such as pensions, childcare vouchers or cycle schemes. In order to help simplify the process of introducing such a scheme, Opera 3 now enables payroll professionals to automate the relevant data, calculate pension contributions and ensure accuracy, thus allowing organisations to start reaping the benefits quickly. "The radical reforms in workplace pensions have resulted in a much bigger role and increased administration for Payroll Professionals. Through the provision of Auto Enrolment capabilities as standard, and facilitating integration with leading workplace pensions schemes, Opera 3 takes the sting out of the tail, making both the transition, and ongoing management simple, accurate and reliable," comments Stuart Anderson, Director, Sales & Marketing, Pegasus Software. "In the wake of this renewed spotlight on pensions, Salary Sacrifice has become increasingly popular and through using Opera 3, introducing such a scheme enables an organisation to reap cost savings quickly and easily." Alex McKenzie, Strategic Partnership Manager, NOW: Pensions said: "Auto Enrolment isn't without complexity and the administration of the schemes can be time consuming and frustrating for payroll managers. Having the right payroll software can significantly ease the burden and we are pleased to integrate with Opera 3." About Pegasus Software With over 20,000 companies depending on its range of business management systems, Pegasus (www.pegasus.co.uk) is one of the UK and Irelands leading providers of Financial, CRM, Supply Chain Management, Payroll & HR solutions. Together with business intelligence tools and software for the manufacturing and construction industries, Pegasus prides itself on producing intelligent solutions that deliver the highest levels of functionality to small and medium-sized businesses. Users of Pegasus products are supported by over 80 certified independent experts and business consultants across the UK and Ireland. Pegasus is renowned for excellence in design and flexibility. Media enquiries Nina Wainwright, t: 07884 311310, e: [email protected] . (c) 2014 M2 COMMUNICATIONS |