Payroll is recognised as one of the most adaptable areas for many organisations. It’s true to say that payroll services have to maintain flexibility to keep up with operational trends, adopt new technologies and manage changing workforces.
Most UK businesses have accelerated their agility over the last few years. Facing a multitude of challenges from the pandemic to supply chain issues and market volatility, enterprises have forged pathways to survive and thrive. Bureaus and SMEs are often versatile, with payroll services at the forefront of change.
With 41% of UK businesses already outsourcing payroll, it makes sense to explore the advantages of this system and how it can better support your organisation, your employees and customers.
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When bureaus and enterprises begin to think about how to choose the right payroll software, it’s necessary to assess what benefits are available, how payroll software works, and what factors to consider in this choice.
Contents
- What factors could influence your payroll software choice?
- How to choose the right payroll software.
- Discover your payroll software with Interbacs.
What factors could influence your payroll software choice?
Payroll services require sensitive and expert handling to ensure they run smoothly and that all aspects are accurate. When errors in payroll occur, these can have significant consequences for businesses and their employees.
As you consider how to choose the right payroll software, it makes sense to evaluate a range of important factors, including:
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Scalability options
Selecting a payroll software solution that adapts as your business changes, such as when employee fluctuation takes place, is key as you’ll want software that moves with your organisation.
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Flexible processes
Payroll bureau software that has intuitive navigation with clear settings helps your employees to comfortably use the solution with speed and accuracy. Plus, the right payroll software can generate payments at different times so you can pay employees when you need.
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Cost efficiency
Business banking may be costing you a significant amount when it comes to processing salary or pension payments. Payroll bureau software can provide savings by integrating an effective payroll system without hiring an internal team.
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Customer service
When payroll is interrupted or there are blockages in the system, this can cause real issues for businesses, especially SMEs or bureaus. An established and experienced payroll software provider can offer you comprehensive support with targeted and helpful guidance, such as the specialist support offered by Interbacs.
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Secure solution
Your payroll bureau software provider should have robust security measures in place so that the confidential data belonging to your organisation and that of your employees is safeguarded.
With the rise of cyber security attacks affecting UK businesses, it’s essential that you have access to modern data encryption methods and secure systems that comply with GDPR regulations for stronger protection in case of a potential data breach.
How to choose the right payroll software
The right payroll software for your enterprise will depend on a number of factors that are defined by your individual goals and business specifics. Every business is different and may require tailored services or technical solutions.
Here are some areas which could shape your payroll software decision:
Company size
The size of your business might affect your choice of payroll software. You may have started with a small number of employees and completed payroll manually in the past. However, as you grow, payroll also expands and becomes more complex, requiring an automated, secure and accurate system. This is what an effective payroll software solution can provide for you, your employees and customers.
Growth level
As your business grows, you’ll find that the workflows you and your employees follow become more advanced. There is less time to meet more challenging targets. As a result, incorporating efficient payroll software into your business enables you to focus on priorities while payroll is processed effectively.
Administrative skills
More employees, particularly if they are working flexibly or as contractors, require involved payroll services. An established payroll software provider can customise services to ensure your payroll is taken care of with appropriate levels of expertise and streamlined efficiencies.
Accountability and risk management
Maintaining compliance with all the necessary regulation requirements is time consuming and complicated. With the right payroll software, you’ll have peace of mind that your records will be up to date and transparent, capable of meeting compliance standards and ensuring risk is properly managed.
Choose your payroll software with Interbacs
With the backing of highly regarded industry standards, our robust and intuitive Bacs-approved payroll bureau software is ideal for bureaus and other organisations that manage Bacs payments for customers.
With decades of experience in supportive payroll software and Bacs-related solutions, Interbacs effectively supports your bureau with precision-led tools for efficient and secure payroll processing.
Some payroll software providers have a ‘one size fits all’ approach. Here at Interbacs, we work with you to ensure you gain a flexible and reasonably priced payroll software solution with excellent customer service support.
Looking for payroll software service support? Get in touch with our expert team for a friendly chat and to discover more about payroll bureau software.
