Delivering payroll as a service is a resourceful approach to achieving effortless employee and payroll management – something all companies can benefit from, especially medium-sized or small businesses where staffing is often stretched thin.
When juggling employee wages, tax deductions, salaries, leave entitlements, and other HR services, it can be easy to miss essential details. As such, businesses all over Australia are outsourcing payroll to keep their HR processes in order, ensure their data is accurate and pay their employees correctly.
In this piece, we will look at how payroll services are elevating medium and small businesses towards financially viable and well-managed human resources processes now and into the future.
Simplify HR Outsourcing with Payroll Services
If you utilise a full-service payroll provider, you can be sure they will give you the HR support you need to meet your compliance requirements.
No matter how big or small your business is, outsourcing to a third-party provider like Pay Cat lets you ensure the payroll process goes smoothly.
There is excellent value in welcoming a new ‘team’ into the fold via outsourced payroll, where you and your staff will get peace of mind by trusting a company like Pay Cat and their single-touch payroll services.
The Future of Payroll Management Services
Many people in charge of payroll actually lack relevant skills in this area of business, which is why the number of companies opting for an outsourced payroll service continues to grow
As the industry transforms, software providers are changing the face of small business payroll, and the future is looking bright, with innovations like:
- Further development of cloud-based software
- Artificial Intelligence (AI) features
- Improved data security
- Stronger analytics
- And more.
At Pay Cat, we've seen good results from managing employee payments and other HR compliance by providing a set of services that include:
1. Customised Payroll Processing
As a small business payroll service, we offer custom solutions to make managing your staff easier. We ensure that each of our platforms – NoahFace and Employment Hero – are safe, backed up, and have secure methods to get back your data should something go wrong. We understand the complexities of different businesses, which is why we know one solution doesn’t fit all.
Business owners can be confident that they are getting solutions tailored to their needs aside from delivering the many benefits of running payroll using a service provider.
2. Discover Powerful Payroll Software
Our payroll system, Employment Hero Payroll, makes the most of cloud technology and smart software to maximise efficiency.
- Making payments to employees
- Working out reimbursements and benefits
- Connecting with accounting software
- Deducting taxes
- Making deductions for superannuation and other compliance
- Keeping records of payroll
- And more.
3. Processed Accurately with Automation
By using payroll providers, the time it takes to complete payroll significantly decreases. Automation means less labour for your administrative team, who can concentrate on other pressing aspects of their role.
Automation means you don't have to interact with payroll software as much, saving you time and money on simple administrative tasks.
4. Safe and Secure Data Retention
We know how sensitive your information is, so to ensure it is kept safe, we also follow high cyber-security standards. We ensure each of our platforms are secure, backed up, and has recovery methods for ongoing access and protection of your information.
5. Payroll Reporting
Our STP processes send information about employees to the places that need it, like the Australian Taxation Office (ATO). This data includes:
- Employees wages
- Withheld federal income tax for employees
- Social security and Medicare taxes
- Employer contributions for Social Security and Medicare taxes.
Using a holistic approach, your business will comply with every payroll obligation. Alongside tax reports, there are a host of other reports, including employee summaries, compensated time off, and worker’s compensation, just to name a few.
Compliance as a Priority
Our team's knowledge and software’s ease of use ensures that payroll tax rules and the calculation of superannuation is always correct. Payroll is one of the top priorities, which is why we ensure all employee details, including modern award calculations, meet compliance standards.
As payroll providers, we have the time and resources to keep up with any changing wage and tax laws and how they affect individual businesses.
From Spreadsheets to Efficiency When you Outsource Payroll
For many years, businesses have relied on complex spreadsheets to manage payroll and pay their employees. These are subject to corruption and can be notoriously tricky to navigate. They don’t have the same integrated possibilities as streamlined workforce management systems or hold an employee self-service feature for greater HR support.
Payroll Service Cost
For any business, the cost of using an outsourced payroll company is a major factor in their decision-making. Pay Cat thinks carefully about refining processes to pass on savings so that small businesses can realise their full potential.
Our costs vary depending on whether you choose a standard or premium option, starting at:
- Our standard prices start at $6.00 per payslip/month.
- Premium prices start at 3,000 for between 1-50 employees.
See detailed information about pricing here.
By utilising outsourced payroll companies, you can ensure your employees get paid on time, correctly, and without fraud. From the setup process to managing retirement plans and other deductions, it is the most cost-effective and business-building solution to an essential part of workplace practices.
If you want to know more about how Pay Cat works as a service, contact our team and let’s start a conversation so you can say yes to essential payroll solutions.
