As a business owner, you might wonder if it makes sense to outsource to a payroll management solution, or delegate other HR management duties. Basically, you need to ask yourself whether your current tasks are easy to complete, whether you are using automated software, and if you understand payroll tax filings enough to tackle them all yourself.
If you have to spend a lot of time processing employees' time and attendance by hand, outsourcing this function may be the best option for your operations because we can simplify everything for the best use of time.
In this piece, we will look at why you should hire a payroll software company as a cloud-based human resource to track employee data and process payroll, and what you need to consider when making a final decision.
The Payroll Process is More Than Numbers
Before we consider why using a software company for these kinds of duties is a good business decision, we first need to outline the complex nature of payroll administration.
It can be easy to think that paying staff consists of only a few calculations and reports. It goes beyond a few fast numbers; it also includes:
- Attendance tracking
- Time tracking
- Accurate tax calculations
- Talent management
- Managing leave payments
- Rostering
- ATO reporting
- And more.
In this respect, the knowledge of a payroll software provider is invaluable, especially with its seamless and automated attendance tracking capabilities.
A software company like Pay Cat can do more than just tailor payroll management software. We can also automate and manage payroll and HR tools, integrate accounting software, and regulate employee scheduling.
Aside from the above, which are essential for managing payroll well, there are other reasons why it would be best for your business to hire a payroll software company to manage these duties for you.
Meets Bespoke Payroll and HR Needs
Using powerful HR software and tailored services for your business, we can automate and streamline the payroll process. Our team simplifies payroll solutions to add value to your organisation, whether you need basic payroll services or a complete integrated cloud-based system.
With this kind of complete and easy-to-use flexibility, your business can run payroll confidently and naturally, driving change and growth. Pay Cat achieves this by offering tailored systems and software that enable you to access best practices that are the perfect fit for your business.
It Solves Retention Challenges
Outsourcing payroll is a strategic way to solve recruitment and retention challenges. Typically, many HR processes are time-consuming, tedious, and require the fielding of many questions. Adding payroll to their daily tasks can be stressful and give them less satisfaction in their role.
Outsourcing ensures your human resource (HR) team has more time to:
- Support employees
- Focus on employee performance
- Develop training to upskill staff
Pay Cat knows that employee satisfaction needs to go up, which is one reason why we offer a payroll management system that:
- Increases efficiencies
- Is fully equipped for accurate data and reporting
- Features single-touch payroll functionality.
In-Depth Knowledge of a Workforce Management System
When you choose to outsource payroll with Pay Cat, we bring with us extensive knowledge of rolling out workplace management tools that exist within Employment Hero Payroll’s suite of features. Bringing our expertise to your business means your workplace will get the very best:
- Training
- Implementation
- Ongoing business support
- Automated services
- Guidance through the discovery stage
- Extensive resources.
Hiring a software company and using their knowledge saves time and money because they will come up with smart ways to make sure the payroll is correct and functioning efficiently at all times.
Expertise Across All Aspects of Legislative Changes
When you pay employees in Australia, you must follow payroll legislation, but tax laws are often updated and changed, preventing full confidence in compliance success. Even the slightest mistake can have serious consequences, so using cloud payroll is a way to measure and keep track of your taxes.
Our industry experts are specialists in understanding and implementing legislative changes into our software, so you always get it right. These payroll system functionalities include streamlining compliance, including:
- State payroll taxes
- Australia’s national minimum wage
- Modern awards
- Enterprise agreements
- Superannuation
- and more.
But your next step is determining which company has the best outsourced payroll management solution for your business, including everything from tracking time to complete end-to-end reporting.
Here are a few key questions to ask yourself when comparing various options on the market.
1. What’s the Customer Experience Like?
Understanding what the customer experience will be like from the employer's and employee's perspective is critical for ongoing satisfaction with the service and product.
2. Is the Technology Current & User-Friendly?
Is the company providing you with software that uses:
- Current technology
- Cloud-based functionalities
- An easy-to-use interface
- Interactive data for employees.
3. Who is Responsible for Compliant Payroll?
Does the provider ensure payroll is processed according to Australia's laws, or is that your job? If it is your job, who will ensure you’ve got all your bases covered?
4. What Aspects of Payroll Processing Do They Outsource?
Does the service outsource all aspects of payroll and human resource solutions, or do they just offer data entry?
At Pay Cat, we focus on delivering an integrated online payroll software solution that works well for all businesses, no matter how big or small they are. As a team of specialists in this space, we deliver the best payroll software, human resources and workforce management solutions that help you do business better.
If you’re considering hiring a company that can process payroll at any time with intelligent, automated solutions, choose Noah Face, or Employment Hero from Pay Cat. Each human capital management solution in our suite allows for comprehensive reporting, time tracking, automated processing, and administrative benefits.
If you want to know more about Pay Cat’s comprehensive solution and find a plan that works for you, just get in touch and ask us how.
