National Payroll Week (4th – 8th September) acknowledges and celebrates the impact of payroll on business, as well as the positive contribution that it provides the UK economy. As something that is so intrinsic to a business (without it we wouldn’t get paid!), it can be easy to overlook just how important payroll is – as well as saving employees money through salary sacrifice, it also contributes a massive £418 million to the UK economy through tax and National Insurance.
It should come as no surprise, then, that managing payroll for a business can be complicated and time-consuming to stay on top of. For many businesses – whether you have 50 employees or 50,000 – it is simply far more efficient to make the switch to a payroll management system, but with so many out there, how do you choose which software best suits your business? Here’s a few things to consider…
What are your main needs?
Consider what your new software will need to address, and what is important to your business. Are you hoping to take some of the stress off your HR department? Consider a solution that offers analytics reports of vital elements of your business. Trying to keep track of a scattered workforce? Perhaps a system that offers integration with a mobile platform will be right for you. It’s also worth keeping in mind how your business might grow, so a payroll solution that can be updated to suit your changing needs is an investment for the future.
Is it an integrated system?
A good payroll software should seamlessly tie in to other HR functions in the workplace, using a single database to provide a range of different services. Having just one point of entry reduces time spent on inputting data, increases efficiency and avoids confusion – payroll software with an audit trail lets you know exactly when changes are made and by who.
How easy is it to use?
Ease of use can be a big deciding factor, especially as payroll software is supposed to help your company save time through increased efficiency! Our payroll software makes running payroll easy, and allows customisation to better meet the needs of your business. It also helps to be using a system with a UK-based helpdesk, as it means that queries can be answered quickly and that there is always someone around to help.
How much will it cost?
A crucial point to consider for any business is the cost involved with purchasing a new payroll software. Each provider has a different billing system (charges per employee, monthly fees, etc.) as well as the usual maintenance, upgrades and implementation costs, so think carefully about how it would fit in to your company’s finances. That said, the greater accuracy that comes with good software can save money through increased efficiency and man hours saved!
Our HMRC accredited, customisable payroll software makes running payroll for your business simple, saving you and your company time and money – just take a look at all of the features it has to offer.