Processing payroll can be cumbersome and time-consuming. Whether you’re using spreadsheets or tediously pulling reports, manually running payroll can be frustrating and prevents you from focusing on other important areas of HR.
So how can you automate your payroll processing to save valuable time?
Enter payroll technology.
Payroll technology is any software that helps HR teams manage and organize employees’ payments. Whether your company’s pay cycle is weekly, monthly, semimonthly, or biweekly, these paperless solutions reduce human error and the time it takes to process payroll. In addition to tracking pay cycles, payroll technology can also customize and reduce time spent on reporting.
However, HR and finance teams aren’t the only ones who benefit from such technology. If a payroll software is easy to navigate and user-friendly, it also simplifies employees’ experiences. Some payroll solutions enable employees to view their pay stubs, tax information, W2s, and more—all from one easily accessible portal.
If payroll technology sounds like the solution you're looking for but you don’t know where to start, Namely has you covered with our Payroll Buyer's Guide. From different software features to the five stages of the buying process, you'll find the information you need here.
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