Many businesses have streamlined processes within their organisations using automated or digital services. Payroll is no exception, with modern payroll software solutions delivering efficiencies of time, cost and scale.
Older and more cumbersome payroll systems can often create errors, delays in processing or lack of satisfactory audit trail and reporting. With the advent of automated payroll bureau software, Bacs bureaus and other financial institutions have access to streamlined, powerful and precise payroll solutions.
Research shows that payroll software can save enterprises more than 8 hours in payroll processing time per cycle, reinforcing the fact that payroll software increases accuracy and saves Bacs bureaus valuable time to focus on their wider finance priorities.
In this article, we explore what payroll software is and how to use payroll software to provide reliable payroll payments and reports while supporting you to reach your goals.
Contents
- What type of payroll software suits your business?
- How to use payroll software.
- Choosing the right payroll software.
- Powerful payroll software with Interbacs.
What type of payroll software suits your business?
Even though a full payroll management system may sound appealing at first glance, it’s likely to be a costly solution. Plus, there’s no cast-iron guarantee that there will be a direct link to Bacs, which is essential for Bacs bureaus in particular.
Typically, many organisations already have accountancy software or internal systems in place that calculate tax, pensions or other relevant payments such as expenses. Rather than replace these effective systems, it’s possibly more useful to find a payroll software solution that complements and adds to your existing systems.
If you’re a business or bureau that manages multiple clients’ payroll submissions, you will undoubtedly want to find a flexible payroll software system. This should enable you to add new SUNs (Service User Number) and give you the ability to introduce new payment workflows and frequencies. Only a few Bacs-approved software providers, like Interbacs, are able to offer this type of dynamic and customisable service for you.
Bureaus will notice the significant difference between the detached nature and inefficient elements of business banking and the easy use of Bacs-approved payroll software. Not only is it simple to navigate, but this type of solution is also flexible to scale, moving with your business as you manage goals and key business drives.
Another major positive with payroll software is that automation levels can be optional. Your business may need some manual elements, or you may prefer full automation. Payroll software can be customised to suit your automation needs.
How to use payroll software
With an experienced payroll software provider, you should have the opportunity to talk to a proactive customer service team that can take you through the system from start to finish.
You’ll want a software package that validates your payroll files in the correct format, with your payroll software provider ensuring that any errors or warnings are checked and resolved.
Financial organisations or Bacs bureaus that require connections with Bacs will also want to ensure they are properly linked for full Bacs access. As part of Interbacs’ payroll bureau software, files are processed, validated and submitted to Bacs in line with the 3-day processing cycle.
If you integrate the right payroll software solution into your organisation, you’ll notice that you have a range of data sets provided in submission reports that help you to stay up to date and maintain accurate record keeping.
Choosing the Right Payroll Software
When you run a busy operation, it can be challenging to secure the right solution that suits your business, employees and customers. However, many organisations have historically used business banking for their payroll processing.
With a modern and streamlined payroll software solution, you can create multiple efficiencies while maintaining true flexibility of service. Producing payroll files internally alongside using payroll software is much easier and less time-consuming than using business banking for single entity payroll.
The likelihood is that you want scalability, agility, a reliable service and reasonable costs. With payroll bureau software from Interbacs, you gain all of these advantages with an experienced customer service team who can talk you through every software aspect and support you if there’s ever an issue.
Powerful payroll software with Interbacs
When you partner with Interbacs and integrate our payroll bureau software, you have an easy to use solution at your fingertips. You’re able to run different frequencies of payroll to accommodate varying salary payment dates for contractors or other employees.
Our payroll software seamlessly works with your internal CRMs and accounting software tools for simple and effective navigation and processing. Your organisation can have more autonomy and create cost efficiencies by removing third party involvement.
Interbacs payroll bureau software allows businesses to submit files to Bacs and manage multiple files from one intuitive and secure platform with bespoke customisation and expert support. Here at Interbacs, we ensure your payments are completed in time and with advanced accuracy.
Looking for payroll service support? Get in touch with our expert team for a friendly chat and to discover more about payroll bureau software.
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