Selecting the Right Payroll Management Software for your Business
Finding an effective payroll management solution is a crucial investment for businesses of all sizes and types. If you've been carrying out your payroll processes manually, then staying compliant with different payroll laws like those of Australia is a significant challenge. This is where Payroll Hub for Zoho comes into play, which integrates Zoho People and Zoho Books with Keypay specially crafted for the management of Zoho Payroll Australia. In this article, we will enlighten you with the most vital features to consider when going for a payroll management software.
An excellent cloud-based payroll management solution will help your company by:
· Allowing employees to avail features such as self-service and instant alerts.
· Eradicating human error from complex processes.
· Saving a significant amount of time, money, and resources.
· Streamlining and automating payroll management.
Here are some essential features that you can check before choosing a cloud payroll management software:
Leave Tracking: Employees can track their attendance and leaves through the use of a self-service payroll system. This feature permits employees to monitor their leave data, and eliminates manual intervention from calculating how much employees must get paid after considering their unpaid days. Furthermore, it enables employees to review their salary status by allowing the HR department to focus on other tasks instead.
Employee Information: Renewing employee information is a tedious task in itself, but it has to be done. With the help of self-management payroll software, employees can update their personal information all by themselves instead of relying on HR professionals
Try before you buy: Most payroll software providers allow free trials; therefore, it's best for your business to utilize these. Although you must be fully aware that some software may automatically register real-time information to HMRC. Hence to protect your data, you should never use real-world data for set-up and testing.
Understand the costs: Before you proceed to purchase the subscription, always study the software pricing thoroughly, go through their support packages, see if support costs are extra, and the up-gradation costs if your business expands. Consider choosing a model that best fits your budget.
Special requirements: If your business is based out of Australia, you will know how crucial it is to find a cloud-based SaaS payroll solution that understands and complies with Modern Awards. Payroll hub for Zoho is a cloud payroll software that tracks expenses, rosters, timesheets, pay runs, and leave, with pre-built modern awards that help you stay compliant by automating all pay rate calculations for the Australian market.
Integration: The payroll management software that you choose should be good enough to integrate with third-party tools for easy import and export of data. For instance, Payroll Hub for Zoho integrates Zoho Books and Zoho People with Keypay to make it convenient for Australian businesses to calculate payroll since Zoho doesn't offer full-featured payroll system to Australia, New Zealand, and the UK.
Database Security/ Backup: Employee data is extremely valuable for any organization; the reason why it has to remain confidential at all times. Check your vendor's reliability and research their security certificates in case your data gets corrupted or lost. Take out your time and completely examine all the attributes that you need to be included in the payroll management software.
Reports: Report generation is regarded as one of the critical aspects of any organization. Hence, any payroll system must generate reports as and when required by the company with ease.
How can Payroll Hub for Zoho help?
No matter your industry, it's clear that implementing the right payroll solution that complies with Zoho payroll Australia can bring plenty of benefits to your organization. But are you not entirely sure where to start your search?
A cloud payroll software can be astonishingly convenient if your organization is spread across cities and countries. Cloud technology is a wise option as the solution is billed monthly based on usage and allows users easy access no matter where they are.
Effortlessly sync various Zoho People modules with KeyPay like Employees, Location, Leaves, Time-sheet, and Expenses. You can also sync your Journal data from KeyPay software with Zoho Books by selecting the organization and journal account.
Also, timesheets from KeyPay can be synced to Zoho People to enable automatic invoices of clients.
Payroll Hub includes a "white-label" account to KeyPay (for Australia, NZ, and the UK), so there is no need to pay for that separately per user.