Every payroll team faces challenges with monthly operations – from managing employee data to legislative changes. There are ways to reduce time spent on payroll and improve processes without breaking the budget – or putting more stress on your team. Simple changes can make a huge difference in the long run.
Your payroll tools and technology are the first stop when evaluating your payroll process. Do you have real-time access to payroll data, does your payroll solution update new regulations automatically, can you create reporting within the solution – these are just a few of the questions to ask during the evaluation process. If your software isn’t helping your team, or if it’s creating more work, it’s time to look at new options.
Lack of data or reporting functionality can be a huge challenge for payroll teams. Creating manual reporting each month takes hours and often leads to errors in the data. Having a payroll software with reporting tools can help maintain compliance, spot trends in your employee data, provide leadership with consistent monthly or quarterly reports, and can simplify your year-end reporting processes.
Integration is another great way to simplify the payroll and HR process, with one data entry point and multiple teams using the same data. Duplicate processes can lead to wasted resources and error-prone data entry. Using integrated payroll and HR software makes it easy for teams to share information, streamline payroll and HR admin processes, and help both teams ensure compliance.
Payescape created a cloud-based platform to help companies simplify payroll, integrate with HR admin and time management tools. With custom reporting tool, your team can view payroll in real time and provide consistent, accurate reporting each month. We also have a CIPD-certified team to help with payroll requirements and identify compliance solutions for your team. Talk to us about simplifying payroll and eliminate any payroll challenges in your organisation. 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.