Payroll is the largest expense for every company, but leadership teams often leave payroll out of the conversation when talking about business growth or new plans. How can the largest expense for a company be so easily neglected? Many leadership teams believe that payroll is just “part of doing business” but don’t think about the consequences of letting payroll get lost in daily operations.
When it comes to growing a business, the team you have leading the path is vital to the success of the organisation. As the company grows, the payroll budget expands and can quickly become unmanageable for one person or team. Determining the best solutions for scalability when it comes to payroll is the only way to grow while not sacrificing compliance or resources.
Payroll technology offers companies many benefits including self-service portals for employees to make their own changes to personal details, customised reporting so leadership can stay ahead of costs and view trends in real-time, and direct filing with HMRC so the payroll team does not have to spend valuable time managing that process. Making sure your payroll technology integrates with other company functions including HR and time management also helps reduce manual processes and ensures accuracy.
Payescape has created an easy-to-use payroll platform that simplifies the payroll process and HMRC filing, reduces manual processes related to payroll, and ensures compliance with the latest regulations. Our CIPP-certified staff is here to help when questions come up, and our customised monthly reporting gives you access to payroll costs in real-time. As you start to think about year-end and ways to improve processes, your leadership team should be adding payroll into the conversation. To learn more about how Payescape can help your business, click here
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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.