Payroll Software is a crucial component of any growing business. Because of complex payroll components such as taxes, earnings and deductions, pay calculations, reporting and more, it’s important to find the right software to handle all of your company’s payroll needs and help streamline the entire payroll process. Payroll software developers are continuously working to stay ahead of computer operating systems as well as the technology that can streamline payroll processing. These are some of the features and benefits to look for in a modern payroll program.
Cloud Option
The option to run payroll in the cloud is crucial for those who want additional freedom in payroll processing. Using the cloud means that payroll can be run from anywhere, and even signatures for checks can be handled that way. Using cloud payroll software also decreases the amount of time spent installing software updates and managing hardware. Making sure the host of the software is a trusted source is extremely important since your data will be hosted with them.
Employee Portal
An employee portal allows employees convenient online access to view and modify payroll information. This is convenient and time-saving for both employees and the payroll manager, since it allows the employee to perform such action as editing their personal information, requesting time off, viewing company policy information and more.
Online Time Clock
Having an online time clock can make payroll much more efficient and can even improve accuracy, since time worked and time off can be entered directly on a phone or shared device by the employee. Supervisors can set up the option to approve the information when they choose. The online time clock provides convenience for the employee as well as the payroll manager and can cut down on payroll processing time as well.
Paperless Payroll
All of the above functions can contribute to processing a paperless payroll. With the addition of publishing paycheck advices online and using direct deposit you can eliminate the need for a printed check.
Taking advantage of the modern features offered by payroll software systems can streamline payroll processes and also make tasks easier for employees. CenterPoint Payroll offers these features and many more. To learn more check out CenterPoint Payroll Software.