Save 30% By Switching From Payroll Services To Payroll Software

November 26, 2015

Save 30% By Switching From Payroll Services To Payroll Software

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A few decades ago, businesses were using accountants to manage their payroll data. The time has changed….. today businesses whether small or established began outsourcing their payroll requirements to the 3rd party service providers. While small business owners have many options when considering how to pay employees, the complexity of payroll processing these days really makes old-fashioned ledgers and tax tables a poor solution.

Even a small business needs a “payroll system” in order to satisfy all the regulatory requirements. If you are a startup with just a handful of employees, you may shrug and say that you don’t need a payroll software since you are happy outsourcing one. After all, outsourcing payroll services is good, but in the long run it is expensive especially when your company starts to multiply.

If you do plan to turn into SMEs or MNC someday, a payroll software may be a core requirement for your firm. A payroll software  comes with a bundle of benefits, with savings to ping the list.

Payroll services by an outside firm

  • Sometimes there can be a difference between what you expect them to provide, and what you actually get. Be sure that you do your homework before choosing a company to handle your payroll for you.
  • Costs can vary therefore keep in mind that the cheaper the firm, the more likely you will have to do more work on your end.
  • Your employee data and records will be slightly less secure. Sending information over the internet always opens up the door to hackers and compromised information. Further, while you may have tight security in house – that does not mean all payroll service providers don’t.

Why switch to payroll software?

  • Payroll Software can automate your payroll process, making it more efficient and easier to manage than doing it manually.
  • It can give you access to additional features and reporting, allowing you to gain better insight into your business.
  • Your data is in your hands, and is therefore more secure.
  • The user will have more control of how payroll affects the income statement. For example: if a company wants to track the cost of several operations using the labor cost, this can be done with a card swipe system however that would be too much data to feed to a payroll service. Additionally, most payroll services won’t support that level of detail.

SME Joinup can help you select the right payroll software, in addition to offering up the nitty gritty on payroll software services that will simplify the industry and empower you with solid working knowledge. We have discover the right payroll and HR solutions that is just right for your “BUSINESS”

Here is how Payroll Software can help you save 30% by implementing one

Using payroll software can be a great solution for any start-up. The user simply enters time worked into the program, and taxes are calculated automatically. Then, paychecks can be easily printed or direct deposit set up.
  • It saves time with faster processing your payrolls
  • Dump your outsourcing fees, it is just one time investment
  • No errors/penalties
  • Skip the training fees
  • Automatic updates
  • Effortless takeover
  • Save on data loss
  • Save on statutory compliance
  • Cloud based payroll available

Say “hello” to more human resource with Payroll Software 

Payroll, HR, Talent, Taxes, Benefits, Time, Insurance, Retirement and so on…………….there’s a lot many things that goes into managing your people. With Payroll Software, you get comprehensive cloud based solutions that keep things accessible, streamlined, and most importantly easy user interface. Your organization work with the industry experts with every step of your payroll.

Less paperwork and more high 5’s……………Whether you’re a small business or a global enterprise, there are several payroll software leading solutions and expert guidance help you stay compliant, reduce costs, and develop HR strategies that align with your business goals.

Let’s talk…. Whether it’s just you starting out, or you’re already a thriving business, you will require a professional, user-friendly automated update payroll software for your business.

Your time is worth SOMETHING……

It is tempting to think the best way to save money on payroll which is now proved that implementing payroll software will be the best decision for your organization. It doesn’t matter whether you employ one or thousands, a business owner has to ensure payroll is administered accurately and on time. There are many rules and regulations, and variations to the rules, to learn about and keep on top of. As a small business owner, this means just one more thing you need to do amid an already long list of responsibilities, and payroll software makes:

  • The tough easier
  • Work more efficiently
  • Manage your people better
  • Transform your business with powerful payroll problem solving
 imagesource:ERP FM

Connect with Service Provider

Get connected within 24 hours to pre-screened, trustworthy and small business friendly service providers for Services in top Indian cities

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