Cloud Payroll: The Need Of The Hour For SMEs

April 28, 2017

Cloud Payroll: The Need Of The Hour For SMEs

Cloud payroll has plenty of benefits, and taking a closer look at a few of them will help you decide why it is worth investing in this software. Being a small business owner brings with it the onus of handling multiple responsibilities at the same time. Amidst the sea of tasks already on hand, most business owners also manage administrative tasks such as payroll, which, although redundant, is a very important activity.

Relying on a trusted provider would help relieve you from the constant stress involved in processing payroll. If you are a business owner looking to make your payroll more efficient and streamlined without budgetary concerns, you might want to consider a cloud-based payroll software.

 

Cloud Payroll can Help Save Up on Costs

Cloud payroll is easy on the pocket. When you have your own servers, such as in an on-premise system, you would be looking at capital costs upfront. But in the case of cloud, capital investment is someone else’s problem. Cloud payroll also enables you to save precious time and make better use of your human resources. By adopting technology in day-to-day activities you can create an ecosystem of growth within your business.

 

Say Hello to Streamlined and Organized Payroll

You no longer need to work with piles of spreadsheets and documentation. With cloud payroll everything is automated, with the liberty of accessing data anywhere and anytime. Also, the software makes automatic updates instantly, which means that your payroll processes are kept constantly up-to-date and compliant. You do not need to struggle with backing up your data at regular intervals. Once on the cloud, all your payroll data is automatically backed-up.

 

Have Greater Accountability of Your Payroll Data

The chances of making calculation errors are very high in traditional payroll systems. A manual payroll system typically requires a great deal of manual interventions which could be an administrative burden on you. Manual errors could also create payment issues and misapplication of rules. An integrated cloud payroll software can help you resolve this by making the process automated and highly transparent.

 

Keep Security Concerns at Bay

Security is crucial for suppliers of cloud-based payroll software. A trusted cloud payroll provider will ensure that all your payroll data is stored in a secure data center underpinned by world-class technology. Storing your data in such a center ensures that it is protected by the best in data protection features and security accreditation.

 

cloud payroll

 

Achieve the Scale You Desire

Fluctuations are inherent to businesses and a cloud payroll solution can help you accommodate these changes by responding to changing business needs faster. Cloud-based payroll is a fully scalable solution which grows with your business. You can achieve the scale you desire with an affordable pay-as-you-go subscription model.

 

Enjoy Faster Implementation and Deployment

A cloud-based solution is your answer for quickly implementing and deploying payroll. An in-house payroll solution, with the right resources, can be implemented quickly but the actual challenge arises when the software needs to go for an upgrade. In case of any update in the software, you need to internally upgrade your systems. It gets even more difficult if you have a customized in-house system. In case of new upgrades, the software has to be customized from scratch. On the other hand, cloud-based software is constantly updated by providers and the initial features are automatically carried forward with each upgrade.

 

Take Advantage of Customizability

Businesses need to grow to be successful and it is important that you have right investments in place as you scale. Most cloud payroll solutions are highly customizable to suit the demands of your business, to meet specific industry requirements, budget and preferences without compromising on security.

Cloud solutions help you offload HR responsibilities and streamline processes. The ADP Vista HCMSM is one such cloud payroll software which provides the scalability and spread your business requires. Invest in the right technology to create more time on your hands to identify those activities which would bring a tangible value to your business.

 

cloud payroll

 

image courtesy:SMEJoinup

April 28, 2017

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

Latest Posts

Top 7 Whiteboard Explainer Video Tips That Talks About Your Business

December 01, 2018

Whiteboard animation videos !! The video style has been trending for obvious reasons. The whiteboard animated videos are known for boosting

Read More  
Facebook Ads | Top 6 Reasons Why Your FB Ads Are Not Converting

November 29, 2018

There were only 3 million active users on Facebook 4 years before; and as of 2018 there are more than

Read More  
Top Facebook Boost Post Tips - Get Results and Generate More Leads

November 13, 2018

Majority of the online marketers who wish to advertise on Facebook and get more leads using Facebook boost posts will

Read More  
Why Should Your Business Hire Explainer Video Company Instead Of Freelancers?

November 10, 2018

We all know the benefits that having a website can help you trigger brand awarenes; overhauling your public image virtually

Read More  
Animation Video Maker | Promote Your Brand With Our Corporate Videos

November 03, 2018

Whether you’re a beginner or already an established brand, SME Networks is an expert Animation Video Maker company that

Read More  
Facebook Ads | Top 7 Effective Tips To Write Facebook Ads That Convert

November 01, 2018

I’m constantly on Facebook, scrolling through my company feed reading the news and looking at pics…I’m not

Read More  

Latest Events

CLO Engage Summit

Date: 10 January, 2019 - 10 January, 2019

India Investment Conclave

Date: 11 January, 2019 - 11 January, 2019

11th Global Intellectual Property Convention

Date: 17 January, 2019 - 19 January, 2019

PanIIT Conclave 2019 Artificial Intelligence

Date: 18 January, 2019 - 19 January, 2019

Mobile And Digital Marketing Summit

Date: 27 November, 2018 - 27 November, 2018

Emerging HR Summit

Date: 18 December, 2018 - 19 December, 2018

PITS - Pharma IT Summit

Date: 28 November, 2018 - 28 November, 2018

World AI Show - AI, MI & Robotics

Date: 22 November, 2018 - 22 November, 2018

TEDx IIFT Delhi

Date: 21 October, 2018 - 21 October, 2018

Decathlon India Run

Date: 14 October, 2018 - 14 October, 2018

-->