Payroll management is integral to any organisation, whether a small business or a large enterprise. According to a survey by The Harris Poll on behalf of QuickBooks, 52% of small business owners say that the top payroll challenge they face is keeping up with changing payroll tax laws and regulations. Using a payroll management app can help organisations ensure compliance with these regulations.
In today's fast-paced digital world, using a payroll management app can streamline the entire process and make it less time-consuming. However, choosing the right payroll management app can be overwhelming, with many options available. Therefore, this article will discuss the essential factors to consider when choosing the right payroll management app for your organisation.
The first and foremost factor to consider is the features offered by the payroll management app. According to a study by the Society for Human Resource Management (SHRM), using a payroll management app can significantly reduce errors in payroll processing. The study found that organisations that used automated payroll systems reported a 60% decrease in payroll errors. Some essential features to look for are automated payroll processing, tax compliance, time tracking, employee self-service portal, and report generation. Consider features such as benefits administration, expense management, and integration with accounting software.
The payroll management app you choose should be easy to use and navigate. The app's interface should be intuitive and user-friendly, allowing you to complete tasks quickly and efficiently. Before making a purchase, it's essential to take the app for a test drive to see if it meets your requirements.