The last 2 years have been tumultuous for payroll teams. With so many changes to regulations and deadlines, the industry has been faced with constant challenges. With the new year fast approaching, it’s a good time to review your payroll processes to see if there are ways to improve and manage changes. Helping your team stay ahead of new payroll regulations can be a key component of your payroll compliance in 2022.
Your payroll technology is a great place to start when looking for improvements. If your payroll software is not giving you real-time access to your employee data and automated updates when there are changes, it’s time to look for a new solution. Cloud-based payroll software provides access from any device, customized reporting, and other features like automated updates that keep your payroll process compliant no matter what requirements change.
Another great feature of cloud-based payroll software is the ability to integrate with HR and time management tools so you have all of your workforce data in one place. It can make annual reporting, appraisals, payroll filing, and time keeping so much easier and streamlined. Upgrading to new integrated tools can help reduce paperwork and manual processes, errors or duplicate efforts by multiple teams, and provide you with one system of record for compliance.
If you’re looking to simplify payroll and ensure compliance in 2022, talk to our team of CIPP-certified experts. We can help you manage employee payroll, HR, and time and attendance with our cloud-based platform, customized reporting, and integrated solutions. 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.