Sometimes, being responsible for payroll can feel like you’re stuck in the eye of a storm. You know there’s dangers but you have this feeling that there isn’t much you can do about it.
It’s great when everything’s running like clockwork, but when it doesn’t you end up spending too much of your valuable time juggling, patching and working around inefficient processes, inadequate reporting and data entry that is, in a word, painful.
It may be that your payroll system is less and less able to cope with your organization’s demands. Maybe you’re not getting the service and support you need from your current provider.
Or, you might have inherited a payroll system that just doesn’t deliver, causes you headaches and even creates issues with non-compliance.
The top reasons for changing payroll systems
- We’ve outgrown our current payroll system.
- We have complex requirements and the current reporting isn’t good enough.
- We’re looking for a full range of integrated solutions and increased functionality, including HR, time & attendance, and employee self-service.
- We require greater ease of use, and customization.
With inefficient systems in place, managing payroll can be expensive and time consuming. Fortunately, modern payroll software can offer greater automation, remote access capabilities and easier data access.
This make in-house payroll management a more viable option than ever before. When looking to evaluate a payroll software system for your organization, it’s important to consider a number of factors.
What Matters to your Payroll System
The first relates to accuracy. Payroll automation radically reduces processing time and increases data accuracy, which allows payroll supervisors to make more management decisions instead of simply acting as a data entry clerk.
Full tax compliance is crucial alongside regular tax releases to ensure you remain up-to-date and legally compliant. Working with a provider that provides seamless support in this area, including tax updates, is vital.
Flexibility is essential. A good payroll software solution should be able to handle multiple locations, complex work environments that include unionized and non-unionized staffing.
Reporting functions need to be robust and customizable. The best payroll systems provide comprehensive, meaningful reporting on all aspects, including tax and financial reporting, but also check for inaccuracies.
Tools that talk to each other can bring your organization to a level of efficiency that create advantages for you in your industry. A payroll software solution that integrates fully with HR, employee self-service, and time & attendance makes your critical business functions smooth.