New regulations and statutory requirements can be difficult to keep up with and navigate each year. Payroll software has evolved to make it easy to stay compliant with regulations and simplify the monthly process for your team. If your team is using spreadsheets and manual processes to manage your payroll, it’s time to audit your process and research new solutions for your business. Here are some key features your organisation needs from a payroll software:
Cloud-based Payroll Platform:
Automating payroll with a cloud-based solution allows you to manage remote teams, work from any location, and provides security for your employee data. You can file directly with HMRC, create custom payroll reporting, and provide employees with a self-service portal to change personal and banking details without having to involve the payroll team. Using a cloud-based platform is a huge time-saver for payroll teams.
Real-time Payroll Reporting:
Customised reporting is vital to ensure your payroll process is running accurately and in compliance. Viewing payroll costs in real-time can help quickly spot errors, identify issues, and simplify year-end reporting. Your payroll solution should have custom reporting tools built into the solution to ensure payroll compliance.
Payroll Expertise and Service:
If your payroll team has a question, who can they call? If you don’t have access to CIPD experts and dedicated service, your payroll team could spend hours trying to fix a problem or get a question answered. Your payroll solution should provide a dedicated service team to answer questions quickly, help your team with updated or upcoming regulation changes, and provide compliance assistance when needed.
As you audit your current solutions and start looking for a new payroll platform, make sure the technology can scale as your business grows, provides reporting tools within the solution, and has a CIPD-certified team to help when your team has questions. Talk to our team about simplifying your payroll and HR admin with our integrated, cloud-based solutions: Click here to learn more
Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.