Technology in Payroll: Say Goodbye to Manual Processing

calculating payrollLet’s face it—the more people you rely upon to make your payroll system accurate, the more error-prone your system becomes. With manual entry, there are great possibilities of erroneous data. Before you get everything muddled up, it’s high time you should put your payroll system right into the Information Age.

The Complexity of It All

The American nation and its big economy set the benchmark across many countries. When you talk about payroll complexity, America could win the grand prize. The US payroll system is one of the most complicated in the world.

In the ‘Payroll complexity Index 2013’, the US ranked 7th out of 10 when it comes to complexity. There are many reasons the American payroll seems to be as complex as can be. One of these aggravating factors is tax complexity.

Just imagine the ordeal of dealing with 50 states with their own distinct tax legislation—and the need to adjust to each one. Pennsylvania alone boasts of over 5,000 local tax jurisdictions.

Finding a Suitable Solution

The more people enter data through manual submissions, the greater the chances of error. As points out, “Time dispute process is painful and costly for both HR and the employee.” An outdated business model might even bring your organization down if you don’t stop it.

Take a closer look at how you are doing payroll online. With such a system, you get seamless integration and greater payroll efficiency.

For starters, you do away with manual entry. You can integrate your company’s daily time record, so all workers’ data will automatically appear on your payroll system. As there is minimal human intervention and as all calculations happen online, you can keep mistakes low.

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With technology, you give your workers the payroll efficiency they truly deserve. This translates to better productivity and less time for worries.