Is your team making plans for 2022? Now is a perfect time to review your current processes and look for improvements. If you are using old systems and manual processes to manage payroll your team is probably spending too much time managing employee data and not enough time on new initiatives. The new year is a great time to start fresh and make changes.
Payroll is one of the largest line items in a company budget but is often overlooked. But simple changes could improve your bottom line and avoid payroll and tax mistakes that can cost the company thousands. Getting your payroll and tax payments submitted on time and in compliance should be easy, but with so many changing regulations it can be a challenge. As payroll gets more complicated, your technology has to keep up.
Do a quick audit of your payroll - what can be improved, what is not working for the organisation, and what part of the payroll process is taking too much time each month. Is it integration with your HR system or time and absence management? Is it reporting? There are so many ways your payroll technology can improve your process – if you’re using the right software for your needs.
Payroll technology has changed so much over the last year, removing manual data entry, integrating with other company systems, direct filing with HMRC, which reduces the need for manual data entry, using spreadsheets to calculate or manage employee data, and eliminates common errors. Using cloud-based payroll with built-in reporting tools can reduce countless hours of manual processing each month.
We make it easy to simplify your payroll process with one platform to manage employee data, file directly with HMRC, and create customised reports each month to manage costs or make changes when needed. Spend less time on manual payroll processes in 2022 – talk to our team today to get started! Click here to learn more
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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.