Gone are the days when a company of almost any size had to process their payroll “by hand”. There are certainly businesses with two or three individuals on the staff that don’t need to justify the expense of a payroll system; however, when this task becomes a primary activity for a business and it is necessary to hand the job to a separate department, innovative software may be the best option.
This holds true for accounting firms that are providing this service by contract or retainer as well. In these two settings, it would be wise to employ some of the strongest, most effective enterprise solutions available. When you make this choice, you take the pain and stress out of the payroll process so it transforms from a daunting task to a task to be completed accurately and on time.
Table of Contents
Compliance
This is one of the most important elements of any business operation whether in the payroll process or as a requirement of the production process. There are always regulations, guidelines, and obligations to be met, some of which can only be satisfied with a complete payroll system. This is what you have working for you when you enlist the aid of Primo Payroll. It is essential, however, for developers of payroll software and providers of payroll services to understand this is one area in which one size does not fit all.
With this firmly in mind, developers and software providers design software for companies with fewer than 50 employees to multinational corporations that must meet requirements with more complex accounting procedures. In basic terms, it’s essential to understand how the needs of businesses differ from small to large and from industry to industry. Attention to detail has helped the leading payroll software suppliers to serve thousands of employers while meeting the needs of accountants and bureaus.
To make this sometimes-complex process work and to produce accurate results, it’s necessary to develop software that produces results without being over-complicated and confusing. Focusing on multi-company payroll processing requirements and combining that with decades of experience in creating software has been the key to success. Companies can now complete their payroll process in a shorter period of time with more accurate results.
Consistently Updated
In this sector of the business world, it’s important for tools such as payroll software to be consistently updated so that the client is always sure of meeting compliance requirements. If you’re searching for the tools to make this happen, look for software with a unique multi-company processing engine, auto-enrolment that’s fully automated, convenient and effective account management capability, a strong billing module, and unmatched communication as an integral factor.
The software should also complete enrolment in the most efficient and stress-free manner as well. With an automated enrolment solution, you will be able to track deadlines automatically and complete them as a background task. This includes data transfer between payroll and pension platforms, a task that can be very laborious. You simply get more accomplished with less to remember and fewer extra tasks to perform.