Better three hours too soon than a minute too late, a popular saying which ties in perfectly with Peoplesonic’s introduction of Automated Payroll. A simple and easy to use interface, that allows for a time-efficient solution to your financing problems. 

Is Your Risk Calculated?

In terms of finance and calculation, it all comes down to margins and efficiency. There’s a certain speed at which an employee can execute a task and even then the accuracy of said calculations is in doubt. Manually crunching numbers, entering data, and calculating leaves a lot to be desired from an efficiency standpoint. Similarly, as humans are incapable of perfection a few natural hiccups are inevitable.

For a small business or any business, all these factors are very much counter-intuitive. So why not opt for a ready-made solution; Peoplesonic? Payroll automation simplifies and completely revolutionizes the traditional method as it is capable of calculating a string of numbers in seconds. Calculations also include adding bonuses, taxes, and other variables that would otherwise be tedious to factor in.

Automated Payroll Gets Work Done Faster, Simpler, And More Efficient

Setting up your payroll on Peoplesonic for the first time may seem daunting, however, it’s as easy as a few taps. An admin has to specify a few factors such as payroll date and frequency, which can conveniently be altered from the settings tab. It’s as simple as that, with the data entered the process will completely be automated without any errors. You’ll be able to see each payroll report and overrule any edit you wish seamlessly, every detail is just a tap away!

This will remove the need for an in-house resource to manage finances as well as a host of other features to top it all off. The software automatically transfers the funds via bank transfer online and notifies both you and the employee about the transaction. Keeping a strict check on time won’t be an issue either as the system runs very precisely on time, allowing for each transaction and process to be done on the dot. All of this will be synced and stored to keep a complete record of the process.

Organizing Your Organization With Automated Payroll Filing

Peoplesonic completely encapsulates payroll automation, and payroll filing is no different. This feature can be activated by enabling the IRD button and linking your IRD account to the Peoplesonic system. This allows for the payroll to be optimized as per the IRD regulation and will continue to generate during its set schedule. This will allow the system to periodically maintain a tax record, and store each record as a backup. Worrying about errors won’t be an issue either, as the software is designed in a way that minimizes calculation errors and smoothly calculates your taxes.

The payroll process will no longer require human interaction or handling per se, the system will reliably produce results in an effective manner. The filing system will store and manage data, generating folders to organize as it goes forward. This will facilitate you due to its timely processing and simple interface. Convenience and efficiency all in one system!

Make Changes With A Few Clicks

One of the points of using an automated system is the ability to customize and alter any components to suit your needs. Similarly, the payroll allows for edits to be made anytime. Any edit will quickly be updated and the relevant changes will be showcased after a quick refresh! Adding a new employee is a prime example, another would be to change bank account details. If any detail is incorrect or does not have a correct value, it will be highlighted and not processed to reduce errors. This allows you to have full control over the system despite it running independently.

Peoplesonic’s entire interface runs on the same easy on the eye aesthetic which helps you navigate seamlessly.

Maintaining Employee Satisfaction

Although being an automated system, the boost in employee satisfaction is vast. The interface allows users to request and access files/libraries much more easily and even has the benefit of displaying remaining leaves etc. This allows the employees to stay in check and aids in the management side as a constant check is not necessary. It guarantees each change is made to the server at the earliest providing for a smooth and productive experience. Employees will be notified if they arrive late or have exhausted all of their leaves and paid leaves, a detailed report of each user is available to keep the financing transparent. 

The software removes the guesswork for the employer and keeps the employees in the loop, allowing for an overall efficient system.

Efficient On Time and Money

Normally HR-related tasks are carried out by an assigned team member, which exhausts the human in question, countless resources, and more importantly time. An in-house HR manager may have its perks, but it’s clear the heavy amounts of money and time do not add up. However, a feature-rich solution allows you to carry out multiple tasks within a finger’s reach and a few taps here and there. So a well-optimized payroll system carries out your tasks while eliminating human errors, and automates your problem into the all-around solution you need!

Efficiency is the name of the game when it comes to survival for small, even medium-sized businesses in today’s highly competitive markets. Forget weeks, a lag of days or even hours can prove crucial to a certain outcome, so why should your business run that risk each month when it’s time to pay your employees?

The Problem with Manual Payroll Processing

It all boils down to time and accuracy. Even with a workforce of ~50 employees, manually creating and reviewing payroll can become a major time sink. You also have to factor in the cost of the employees tasked on this project. Between that and the tedium of double and triple checking potential errors, manual payroll processing today is counterintuitive to the very idea of a lean small/medium business. Delays are inevitable, and potentially disruptive – no company of this size can afford to lose their top performers because they weren’t paid in a timely manner.

Why should payroll management suffer in the analogue era when digital technology is enabling so many aspects of businesses?

Automating to Eliminate Mistakes, Faster

Granted, some initial training of the automation tool / software would be necessary, but by and large the move to a digital payroll solution is both smart and just plain better. Correcting an error becomes as simple as merely tapping a few times on a keyboard, rather than poring over reams of paper trying to locate the mistake. Spotted a blunder that made its way to several locations? A few taps on the keyboard fix that. Updating records at the last minute? A few taps. Need necessary approvals to finalize processing? A few taps.

It’s so easy, you’ll be hard-pressed to remember a time when you didn’t have this essential service.

Let the Computers do the Calculations

The very first digital payroll management was nothing more than glorified spreadsheets, very similar to the analogue versions. A lot of the legwork still fell on the employee running the tool. Later on, salary / wage calculations and deductions would become additional modules that let your team blitz through tasks previously considered incredibly time-consuming. Tax calculations, in particular, were and still remain the bane of any manual payroll system.

With digital tech now handling all the heavy lifting, payroll automation software can now provide even more value to your small business. A consequence of technology is the rise of the freelancer, the contract worker. These essential parts of the modern workforce completely upend manual payroll, as their wages do not get processed in the same way as “standard” employees. You need tools that have the flexibility to process monthly, weekly, hourly or even task-based payments. These sought-after features were once the domain of big-budget and expensive software like QuickBooks, definitely something not every small-scale business can afford. Lucky, then, that the payroll software industry has an excellent variety available in the form of competitors such as PeopleSonic, payroll solution that is targeted specifically at small to medium-sized businesses.

Why break the bank to achieve essential payroll automation, or worse, forego it for the archaic manual systems?

Impeccable Record Storage, Instant Withdrawal

Is your accounts or finance team still doing payroll by hand? A quick way to answer that is to look at or around their offices. Do you spot absolute mountains of papers inside bulky file folders? How motivated does it make you feel to locate and peruse the payroll record of a specific employee?

Digital storage becomes available to your HR department (and the accounts/finance teams) the moment you switch to automation – you can reinforce this record-keeping through data duplication or preferably cloud storage. That’s a feature manual payroll can never have, the ability to store critical information long-term and peruse it fully and instantaneously. This feature helps your business and your employees both – no one wants to search for that one piece of paper months down the line.

Running your payroll no longer has to involve human and financial capital coupled with extended time and effort expenditure. There are now smart automated solutions available that can ramp up your efficiency several fold and put a smile on your employees’ faces each month. There is no reason to not do that, today.