5 things an employer should do when onboarding new hires
Onboarding new employees is hard. Beam has 5 things we recommend to help make onboarding simpler and easier for employers.
Onboarding new employees is hard. Beam has 5 things we recommend to help make onboarding simpler and easier for employers.
A.I and automation are reshaping the way we work. Australian businesses of all sizes can embrace automation to hire more efficiently.
Some big changes have been announced in the superannuation industry, is your business ready to meet your super obligations?
Quarterly super contributions are coming up, due 28 January 2024. These payments are an important obligation for Australian businesses.
Regional businesses like farms can save time and reduce errors by going digital with Super Fund Onboarding (SFO).
If you’re looking for top talent in a tough market, knowing what candidates want can help with recruitment – and retention.
New payroll start-up, archerE has officially joined forces with Beam, marking a significant step towards simplifying super payments solutions.
Tanda has partnered with Beam, which means users can use Beam’s super payments integration. Super payments brilliance.
Beam explores how regional and remote workplaces benefit from improvements in employee onboarding processes, like Super Fund Onboarding (SFO)
Precision is the issuer of Beam and its suite of products including Beam Super Payments (clearing house), Beam Single Touch Payroll (STP) reporting service, and Beam Super Fund Onboarding (SFO).
Precision Administration Services Pty Ltd is wholly owned by Australian Retirement Trust Pty Ltd (via its custodian) as Trustee for the Australian Retirement Trust.
If you pay by direct debit, the debit will display as ‘Precision CH’ and include the payment reference number in your transaction statement. You can learn more about Beam, Precision and Australian Retirement Trust in our About us section.
By ensuring your companies contact details are up to date in your payroll software, Beam will have the most up to date records for your batch payments and reporting. If you would like to change this email address, you’ll need to change it in your payroll software. Please note that the Beam’s transaction statement is sent to the email address that’s recorded in your payroll software.
To change your Direct Debit bank accounts, simply follow the steps listed below:
If an automated refund occurs, your payroll software will notify you. The notification includes who the refund is for (employee/s), the amount and the reason/s for the refund.
If a manual refund is required, you will receive a notification from your payroll provider. These notifications also include who the refund is for (employee/s), the amount and the reason/s for the refund.
If you need to update your refund bank account details, please contact your payroll software for support.
To register to use Beam, you will need to select at least one super fund as your default fund. Your details will be pre-filled from the information in your payroll system. It is important you check all your details are correct including your business details, registered business address and contact details.
Once the batch you submitted has reconciled the status will display as ‘Sent to fund.’
If you would like to cancel a submission and your batch is in awaiting payment status, you will need to contact your payroll provider to request the batch be cancelled.
Each of our payroll software partner has their own PDS for their customers. For the latest version of the PDS please speak to your payroll software provider. The privacy policy for Beam can be accessed at beamconnect.com.au/privacy-policy
Below is a list of different payment status and what they mean:
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Status | Meaning |
Awaiting payment | Initial status for a contribution batch and means the client is yet to send payment to Beam. |
Awaiting clearance | Applies to direct debit users only and signifies the direct debit has been received by our bank and the 3 days clearance period has commenced. |
Sent to fund | Occurs once all outbound transactions have been successfully sent to the destination funds. |
Sent to fund with refund | Occurs after the outbound transactions have successfully been sent out to the destination funds. But one or more of those funds have rejected and refunded one or more contributions. |
Cancelled | Indicates Beam has cancelled the contribution batch, typically due to one of the following reasons:
o Client request o Payment has not been received by Beam within the required timeframe, 10 business days after contribution batch is submitted. |
Refunded | All contributions submitted in the batch have been refunded. |
Yes, once your batch has been submitted, Beam will provide you with a unique PRN. Please note this PRN consists of 18 digits. If you don’t use the correct PRN it may prevent Beam from processing your contribution.
Direct debit – Funds debited from the nominated account will be sent to nominated superannuation fund/s within five business days, which includes the time it will take for the funds to clear.
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EFT – Funds paid by EFT will be sent to your nominated superannuation fund/s within three business days of us receiving both your contribution details and correct payment.
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BPay – Funds paid by BPay will be sent to your nominated superannuation fund/s within three business days of us receiving both your contribution details and correct payment.
No, you can use the Beam super payment solution regardless of your default fund. You can select multiple default funds within Beam’s Super Payments platform.
Beam Transaction Statements confirm that all your superannuation payments for the prior month have been submitted with your payroll software provider and have been processed by Beam. They’re emailed on the 7th business day of each month and the information in the transaction statement is from your payroll software.
You can continue to access your Beam Transaction Statement for up to 12 months. You can continue to use the link provided in your original statement email. If you require the statement for a longer period, you can download it.
A direct to fund payment means that Beam handles the messaging, but you pay the contributions directly to each super fund. This means that contributions are received faster. This is also called ‘pay fund directly’.
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You submit your super contributions, and we provide you with the EFT and payment reference details for each fund. You then make individual EFT payments to each fund via your financial institution’s banking facility either manually or using the banking file you can download once your contribution is submitted. Beam distributes your contribution data to each fund in the SuperStream standard within 24 hours of the file being submitting.
Beam is designed to instantly lighten your workload and brighten your day with our supertech solution that includes reporting, onboarding and payments. Our technology is effortlessly intelligent and simply brilliant to use. That’s why over 70,000 employers trust us Australia wide.
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Learn more about our supertech.
Beam is supported by your payroll software provider. For any technical assistance, feature request, customer feedback and additional support on using Beam, please contact your payroll support team. Our payroll partners have received comprehensive training on Beam to be able to support you when you need it.