Many companies are still relying on paper to handle their payroll. Unfortunately, this older system often comes with many challenges, including human error and lengthy resolution times to make corrections. Making the switch to online payroll software can often resolve these problems, ensuring companies can reliably pay their employees and reduce the risks associated with a paper system.
Reduce Manual Errors
Entering information from a paper payroll sheet adds an element of human error that online payroll software avoids. Not only does payroll software eliminate basic data entry tasks, but it also automatically tracks an employee’s work activity, including clocking in and out throughout the day. All this data enters the system with no need to manually enter the data, ensuring employees are paid more precisely for the work performed.
Faster Processing Times
Another downfall of paper payroll systems is the time it takes to process payment requests, reimbursements, and even error corrections. An online payroll software system eliminates much of the wait time, ensuring employees receive their pay promptly and accurately. These payroll solutions are easy to use for both employees and HR staff, providing peace of mind that payments are correct. There’s no more waiting for invoices submitted too late to make the cut for payroll.
Full HR Integration
Quality online payroll software often integrates with other essential HR tasks in addition to fulfilling payroll duties. For instance, the payroll software is responsible for calculating pay and tax information for employees, but it can also integrate with leave request management tools and attendance tracking. Combining all of these tasks into one solution provides simplicity and a straightforward process that ensures your HR department runs smoothly and improves employee satisfaction.