Published on February 8th, 2021 | by Ali Dino0
Redefining the Future of Global Payroll through Technology
This is the age of technology and in the aftermath of the pandemic, the way we carry out our business operations will rapidly transform. The uncertainties and the recent re-emergence of the pandemic outbreak especially in major cities such as Sydney have again highlighted why we need to automate crucial HR functions such as payroll management.
Whether your operations are focused within Australia or you are catering to a multinational clientele, it is a fact that compliance of payroll is a complex process involving numerous elements and sub-systems.
The good thing is that you don’t need to be bogged down by the complexities of your existing HR software. Today, there are some top of the line global cloud payroll software systems available that can redefine your organization’s HR efficiency and ensure faster and superior payroll compliance. Two of the biggest benefits of technology in this area are:
Greater access – Reducing the Administrative Requirement
The business landscape of the 21st century is about ‘survival of the fittest.’ Optimisation of human resources is essential to stay ahead of your competition and that’s where using technology to reduce the administrative workload is a major boon. By automating the payroll, you can free up time for your employees and enable them to focus on other important tasks and also offer them greater and easier access to information.
This is where advanced automated cloud-based payroll software can eliminate the need to manually perform repetitive and time-consuming processes. Through cloud access, all the employees located across Australia or overseas can access relevant information easily using any device at any time.
Better Security and Collaboration
The second biggest benefit of the cloud-based software is that it allows everyone to collaboratively work on a real-time basis. You don’t need to send documents through individual emails and communicate with colleagues back and forth. This not only makes work easier, but, eliminates duplication and a highly responsive work process.
A high-end global payroll platform will allow you to integrate the cloud software with the accounting, HR and other functions. Not only that, but leading ISO27001 certified payroll software can also ensure the safety of the client’s corporate network. In fact, the high-level security and encryption offered by cloud service providers are superior to the standard security measures.
Implementing a Global Payroll System
In order to get the best out of a cloud-based international payroll platform, there are three major steps that you need to undertake:
If you are already using a cloud-based payroll system, then upgrading it to advanced software won’t be a challenge for you. Even if you are not, a right service provider will be able to help you achieve your objective with minimal challenges.
Being a multinational company, you are likely to have employees and offices outside Australia as well, and in such a case you need to ensure that your payroll is compliant in all countries where you operate. Thus, you should choose an advanced, multi-country solution which can seamlessly take care of the regulations across borders.
Change is the only constant in the world of business and it is also the biggest challenge for many people and organisations. Thus, what you need is a holistic change management program to get your new payroll software working as soon as possible. There is a need to train all your employees on the new system and for that the simplest and less intrusive UI is the ideal choice.
Thus, to meet the new age requirements of efficiency, businesses today need to migrate to a cloud-based futuristic payroll system that can empower them to run their national or global operations with superior efficiency, speed, and collaboration.