RTI - a challenge to All UK payroll software

I'll try and keep this brief, if only because there is such a wealth of information already around about RTI. I am trying to focus on how this will/may affect PeopleSoft GP UK payroll.

HMRC has decided to use BACS for capturing a whole load of data that it either already captures via EDI, or doesn't capture at all for now. Part of the reason for this is the major overhaul of the benefits system that is due to take place.

What this means for GP is that major development work will be needed. The BACS delivery for GP in the UK in "vanilla" is highly inconsistent anyway in that it doesn't produce the files in a ready to send (i.e. with headers, footers and contra entries) format - PeopleSoft financials does. However there are other factors here - certain kinds of transactions - new joiners, etc, will need to generate data in the BACS file. This will involve some quite major changes.

I'll be fascinated to see how Oracle address this - it will all need to be live by 2013. That sounds a while away - but it seems like only yesterday we were celebrating the UK getting the Olympics.