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All the latest Payroll, HR and Time management industry news, keeping you up to date with policy changes and all things PayEscape.
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Integrating Systems to Improve Operations
Workforce management is at the heart of your operations - payroll, HR admin, time and attendance – they all play a role in managing your employees. Unfortunately, most companies do not have integrated tools and technology to manage their employee data. Since payroll, HR, and time management software uses the same data, integrating those technologies can be an important factor in improving company operations.
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Payroll Challenges for Small Businesses
Starting and growing a small business is not easy – managing employees, driving sales, and focusing on growth is just the beginning. Day to day operations can take up limited resources so it’s important to have the right tools in place to avoid problems down the line. Here are some requirements to consider:
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Why is Integration Important?
When a company is getting started, the first software usually purchased is for accounting and billing purposes. Once the company starts to grow and the number of employees increases, there are usually more software purchases like payroll or time and attendance solutions.
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Transform Payroll and HR Admin with Technology
Companies have to use a variety of software to manage daily operations – from payroll and HR to accounting and forecasting. When it comes time to renew licenses or upgrade software, it can complicate integrations and disrupt operations. If employees are resistant to change software, this can lead to using old technology or multiple systems to manage the same employee data. Using integrated technology that manages employee data across teams can reduce duplicate functions and optimise operations.
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Payroll Impact Across the Organisation
When talking about business growth or annual planning, payroll is often left out of the conversation. Since payroll is usually the largest operating expense for every company, it’s surprising that it can be so easily brushed aside. While leadership teams may believe that payroll is just a operational expense, the consequences of letting payroll get lost in the shuffle can impact the growth of the organisation.
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Reasons to Outsource Payroll
Running a new or growing business means creating awareness for your brand, meeting new clients, differentiating your business from the competition and getting established in the marketplace. As you grow and hire more employees, business administration can often get in the way. What’s the best way to focus on growth while also ensuring compliance with payroll and HR obligations? Payroll Outsourcing.
Need help to understand what solution is best for your business?
Speak with our expert team today on 028 2764 1060
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Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.