Many businesses are outsourcing human resources and payroll processes from day one. Small businesses are often focused on growing their business and may not be able to dedicate time to these important activities. However, outsourcing can also remove the control and insight over this important part of your business. It may be time to take back this control by bringing in the right technology.
Processing payroll can be time-consuming, especially when using paper-based processes or inefficient, entry-level accounting software. However, as your business grows, you may find that outsourcing payroll isn’t providing the cost-savings or time-savings that it had in the past. You can gain control and insight over labor management, payroll, and other common human resources activities by deploying a robust enterprise resource planning (ERP) solution, such as Microsoft Dynamics® GP, along with appropriate payroll add-on solutions. Here are a few examples of the payroll solutions that can make a big difference:
Negative Payroll Transactions: Mistakes happen and instead of making manual adjustments, you can make payroll corrections and adjustments in one easy step. In addition, these changes populate through the entire payroll process, including the posting journals, general ledger entries, and an audit trail is also created.
Employee Accounts & Splits: Employees may work across different shifts, on various projects or tasks, or for different departments, each requiring different pay codes or compensation. You can use this add-on solution to automatically split costs, including tax and benefit expenses, by department, position, pay code, or general ledger account.
Comprehensive Leave Manager: You may offer different leave time such as vacation, sick, personal, administrative leave, volunteer time, or others. Automate the calculation of multiple leave time, set carry-over rules, enforce waiting periods (new hires), caps, or other plan aspects with this add-on solution.
Outsourcing may not be the best option for your business today. Many of today’s innovative management solutions can alleviate the confusion and complication of common payroll tasks. Contact Integrity Data to learn more about the payroll solutions that you can deploy quickly and affordably to bring payroll and human resources operations back in-house, under your control.
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