The tremendous amount of time and effort that you have to spend working on the piles of receipts, forms, and printouts should be enough to think why you should choose a cloud-based payroll system over manual payroll.
If you need more convincing, here is a list showing some benefits of cloud-based payroll system:
Reduced Costs
You may think that not buying a system and computing your payroll manually is more practical but you are wrong because you will seem to be spending more with all the effort and time that it will cost you.
On the other hand, investing in a cloud-based payroll software will make computing cost less, becase you can find providers that can offer extremely flexible pricing to suit the capability and size of your company. You can even find one online that is free.
Improved HR Performance and Productivity
With a cloud-based payroll software, your HR team will be able to access your payroll almost anytime and anywhere.
This also makes them more efficient in doing their work because the cloud-based software will manage most of the tasks for them while they focus on accomplishing other deliverables.
Simplified Processing
For newbies in the company, in-house payroll processes can be too complicated and shocking. This consumes lot of time and energy before they can familiarize themselves with it.
Unless you will equip them with a user-friendly payroll system that will shoulder the difficult work to make everything light and convenient for them.
Less Errors
No matter how careful you are or how many times you double-check your work, mistakes are still inevitable when you are manually computing your payroll.
Mistakes can lead to losses for your business. The more time you have to spend on processing, the more it costs you and the more it makes your employees less productive.
This can be solved instantly by using a cloud-based software instead. It is not only cheaper but it also eliminate the chances of making mistakes.
Stronger Data Security
Paper documents can be lost, stolen, or damaged in an instant. Meanwhile, an ideal cloud-based payroll system will help you limit and track the individuals who can access confidential data.
No need to worry about losing both important files and your job because of the first scenario.
On-time Salary
Not getting the payment they worked so hard to earn is unfair for your employees. Getting it late is just as unpleasant.
This is what’s more likely to happen with manual payroll computations because it will eat many hours and even days of work.
Compared to a cloud-based software where payroll can be processed and finished within minutes. This will ensure on time payroll, which leads to happy employees.
More Accurate Calculations
For a cloud-based payroll software, it is just a piece of cake to calculate automatically and accurately the exact amount each employee are entitled.
It also allows you to monitor each employee’s work record such as shift differentials, overtime, absences, taxes, and benefit deductions.
It is hard to manage all these things if you are still using a traditional payroll method.
Less Bureaucracy
Filling up government forms manually and getting in long lines just to process them is very hassle.
This is unnecessary because they can be automated using cloud-based payroll software.
The time saved can be utilized for employee training and motivating sessions.
Encouraged Teams
Paying people in time is less stress and worry for them. This also ensures that they can focus more in doing their jobs and accomplishing their responsibilities.
As for you, instead of being occupied by salary and expenditure computations, it will give you some time to motivate your staff.
