Benefits of Having Cloud-Based Payroll Software

Running a business is hard. From the administration to back-office operations, employee engagement & success of the sales & marketing, there are times when the manual systems, piled-up papers, and spreadsheets become exhausting. But thanks to technology, smart delegation, and strategic decision making, it can improve business operations.

Businesses have now started adopting flexible working policies & in this kind of working environment; payroll management is of utmost importance. Payroll is a process that can be fraught with inefficiency & human errors. Therefore, automation and integration of cloud-based payroll software across your business can increase visibility, transparency, empower agility company-wide, and enable greater accuracy by reducing the possibility of errors.

Here’s how cloud-based payroll software can benefit your business in the long run:

1) Paperless Payroll: A paperless payroll system or cloud-based payroll management software can help you implement a more accurate, reliable & dependable process in little or no time through a one-stop online portal system. At the same time paperless payroll trims paper and waste in the office and also business costs associated with paper, printer, ink, cartridges, etc., can be cut down.

2) Accurate & Timely Payments: On-time salary credits have a huge impact on the morale of the employees that assures confidence, peace of mind, and faith in the commitment & financial stability of the organizations they work for. So, an effective Cloud-Based Payroll Software can simplify HR work, and give you an experience of error-free processing of salaries on time in just a click.

3) Higher Employee Engagement: Along with boosting your business operational efficiency, automating routine payments, calculating taxes, & depositing salaries, the payroll software directly contributes to positive company culture by recognizing employee’s achievement, encouraging bonuses, reimbursements, and also analyzing attendance records.

4) Mobile Accessibility:  This is one of the best benefits of cloud-based payroll software, wherever you are, the HR staff & managers can access, process & approve payroll from any device, any time.

5) Protect Your Data: Sensitive data related to company payments stored in on-premise servers can be vulnerable to computer crashes, hacking, etc.  But data stored in the cloud is safer and comes with 24/7 security monitoring & is encrypted using secure protocols.

6) Scalable: Cloud-based payroll software is scalable and even gives you the choice to customize & upgrade data storage, based on your specific requirements.

7) Employee Self-Service Portals: Anytime anywhere employees can access their pay history, salary slips, request PTO, update, check benefits, update contact information, and more. 

Conclusion:

Cloud-based payroll software is a long-term investment & there is no doubt that companies have to harness the potential of this automated software to see how you can enhance productivity, ROI, accuracy, streamline tax filings, provide real-time visibility and keep employees engaged.

Interested in a cloud-based payroll solution? Infinigent is a software solution provider, providing value-added HR management solutions, custom apps, and cloud-based payroll software that ensure 100% accuracy, flexibility, and scalability & are exceptionally easy to use.