Human Resources is an essential department in any company, and payroll is one of the most important functions of any HR department. Many companies today are making changes to their HR departments to include a cloud-based payroll software function. Cloud-based means the ability to store programs and data on a remote system that can be accessed by any computer with an internet connection, and it provides many benefits to your company.
With payroll software that lives in the cloud, businesses don’t have to dedicate IT resources to maintaining or supporting the software. There is no installation required, and data and functionality is available upon login, accessible from anywhere, and natural disasters like floods or fires have limited to no impact on accessibility.
Payroll in the cloud reduces IT-related problems with maintaining, upgrading, or adding security. These functions are virtually unnecessary because the cloud provider takes care of most of them for you. Companies and their employees can access payroll data easily and quickly on desktops, tablets or mobile devices.
Whether calculating tax information, processing timesheets, applying retirement funds, or issuing payments, cloud-based payroll software improves your processes. There are many benefits that make managing payroll in the cloud well worth it:
These are just some of the benefits that cloud-based payroll provides. One of the best benefits is the additional time you get when you aren’t tied to the payroll desk anymore. PAYDAY's newest solution, iSolved, integrates all of your business functions into a single source and is accessible through the cloud.
PAYDAY Workforce Solutions provides a single database SAAS solution for Human Capital Management (HCM) including payroll, human resources, time management, benefits administration and onboarding to companies of all sizes and in various industries.
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