Payroll servicing is evolving to encompass a move towards cloud access and flexibility for you, your clients and their employees. Be ready to offer a new level of payroll and HR related services by embracing cloud innovation.
Up to now, the process of managing your clients’ annual leave requests, recording leave, sending payslips and payroll reports, updating contact details and accurately recording employee hours on behalf of clients can be time-consuming and costly. Payroll software systems can only take you so far when it comes to finalising payroll and issuing payslips, but what about those other payroll related tasks? Simple questions such as ‘How much annual leave have I left?’, ‘Can you resend my last three payslips?’ or ‘Can I request a week’s annual leave?’ can become a daily, time-consuming process.
Another time consuming part of payroll is requesting and receiving employee hours and timesheets from your payroll clients. Today, managing and tracking this information is much easier thanks to online tools and applications. Furthermore, an online payroll approval facility allows bureaus to securely send their clients a payroll summary before the payroll is finalised. Clients can review and authorise the payroll details for the pay period through an online employer dashboard. Ultimately, your client becomes accountable for ensuring the payroll information is 100% correct before the payroll is finalised.
Online payroll platforms are central to the future of Payroll
The day-to-day tasks of annual leave management, payslip distribution, uploading employee hours and backing up your payroll files can be process-driven and handled by cloud technology. The payroll and HR landscape is fast evolving as business savvy bureaus move towards new-world online technologies offering:
- Automatic cloud backup
- Client online portal
- Employee self-service & epayslips access
- Employee smartphone app
- Annual leave automation
- Employee hours / timesheet upload
- Client approval functionality
- Payroll audit trail of client communications
- Managed employee records
Your payroll and HR processes can be more integrated with the cloud and streamlined with your payroll software than ever before. Offering payroll services is all about efficiency and there are several exciting developments that are happening right now in the cloud. Download the guide below to find out how feasible it can be for payroll to be your profit centre for growth.
