What Features Are Most Important For Your Payroll Software?

Finding the best payroll software solution for your SME, bureau or enterprise can take time and involve significant research and consideration. 

Undoubtedly, payroll is a critical component of the UK's infrastructure and a successful business, as ensuring employees are paid accurately and on time is imperative for employee-employer relations. But before diving into which features to look for, it’s worth first understanding what payroll software is and how payroll software works.

According to the latest insights, companies that use payroll automation are 33% more effective. An increase of a third in accuracy empowers organisations to grow with confidence. 

Automation streamlines payroll tasks and reduces errors, helping businesses save time and money and mitigate errors. 

When selecting the ideal payroll bureau software solution, it makes sense to explore specific features so you know how your business will actively benefit from this software integration. 

In this article, we explore what features are most important for your payroll software to support a more informed decision-making process. 

Contents

• 5 key advantages of payroll software. 
• What features are most important for your payroll software?
• How to choose payroll software.
• Gain superior support with Interbacs payroll bureau software. 

5 key advantages of payroll software

As a business-critical component, payroll software provides major benefits that support enterprises of all sizes to run smooth daily operations and scale at their own pace. 

Here are 5 key advantages of payroll software that your business can optimise:

1. Easy integration: payroll bureau software can work seamlessly with accountancy software packages, CRMs or ERPs and internal systems, introducing varying levels of preferred automation and ease for Payroll teams. 
2. Significant flexibility: generate payments with different times and dates so that you can pay employees and expenses when you need to, making this solution suitable for all businesses, no matter size or industry. 
3. Focused customisation: Ad hoc or irregular payments can also be made, supporting an agile approach to employee payroll. 
4. Cost efficiency: payroll bureau software can provide savings by integrating an effective payroll system without hiring an internal team or outsourcing to a costly Bureau. 
5. Advanced security: Methods such as encryption of confidential information, file validation, and enhanced reporting enable you to meet compliance requirements. 

What features are most important for your payroll software?

For many SMEs, bureaus and enterprises, clarity matched with security and the ability to blend with existing systems are features that are valued most in payroll bureau software. 

Industry insiders recommend the following features:

• Ease of use and simplicity enable internal stakeholders to feel confident and knowledgeable about administering the software. 
• Flexibility to run differing frequencies of payroll. For example, some staff are paid on a weekly or monthly basis, whereas contractors may need varying salary payment dates. 
• Powerful integration with internal CRMs, ERPs or accounting software that can be automated even with manually uploaded files. 
• A comprehensive support service from your provider with targeted and helpful guidance, such as the specialist support offered by Interbacs.

How to choose payroll software

Considering your business’s specific needs is at the heart of selecting the right payroll software. Assessing your business size, payroll complexities, and compliance requirements can support a clear decision. 

Here are some important factors to think about when making your payroll software choice:

• Ease of use

Payroll bureau software that is intuitive with clear navigational settings enables your employees to get up to speed quickly and roll out full usability more effectively. 

• Ability to scale

Selecting a payroll software solution that is capable of adapting as your business changes, such as employee incrementality or fluctuation, is key so the software grows and adjusts as you move with the market. 

• Capacity to integrate

If the payroll software you choose doesn’t easily interact with your existing accounting and operational systems, then there could be challenges to retain full compliance and maintain payroll consistency. 

Making sure you choose a solution that integrates without friction increases time and cost efficiencies while empowering your teams with tools that support their workflows. 

• Security of data

Your payroll bureau software provider should have robust security measures in place so that your confidential data - and that of your customers and employees - is protected and has clear segregation of duty or permissions-based configuration. 

Data encryption methods and secure systems that comply with GDPR support stronger protection in the face of potential cyber attacks or data breaches. 

Gain superior support with Interbacs payroll software

With the backing of renowned and 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 is well-positioned to effectively support your bureau with insightful and precision-led tools for more 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.