Employee payroll is one of the biggest operational expenses in a company budget each year and takes countless hours to manage each month. How do you know if your payroll is running as efficiently and accurately as possible? Finding the right software for your business can ensure compliance, reduce manual processes, and simplify operations, but where do you start?
Outsourcing or Managing In-House
Some companies want to be hands-off when it comes to payroll. Send the data to a provider and employees get paid each month. But what if you want to maintain control of your payroll in-house? Look for a solution that allows you to be flexible – get help when you need it or take care of payroll with your in-house team.
Your payroll software should be cloud-based, provide automated updates to statutory regulations, and direct file with HMRC. You should not have to use manual processes or spreadsheets to run payroll – your employee data should be securely managed within your payroll software. With employees working flexible hours or remotely working, cloud-based software allows you to access from any device or location.
Employee Self-Service Portal
As your payroll team manages employee data, there are sometimes changes to bank or personal details for employees. Having a self-service portal allows employees to manage their own data, change bank accounts or other personal information. Your payroll team can spend less time on manual data changes and the payroll is less prone to errors when employees manage changes on their own.
Payroll software can manage the day-to-day operations of payroll, but what happens when you have a question about a new regulation, auto-enrolment, or tax filing? Your payroll software should provide a CIPP-certified team to help when you need it. Service is often overlooked but very important to ensuring compliance for your payroll process. Look for a solution that also provides support from payroll experts.
If your team is looking for a new payroll solution, make sure to evaluate several options to find the right choice for your business. Payescape provides cloud-based payroll software with an employee self-service portal, CIPP-certified experts to help ensure compliance, and integrated HR and Time management solutions. Talk to our team and get control of your payroll, simplify the process, and ensure compliance. Click here to get started
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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.