7 Advantages of automated payroll system

The term automation has been around for a while. In all your walks of life, your bill payments, meeting schedule reminders, subscription renewals etc. are made easy – just by automation.

Automation helps you focus on other crucial activities and use time better for further work. 

Like any other automatic option, opting for an auto payroll system can leave you with considerably more time, which you can utilize for more crucial activities.

All the time spent for manual data verification, entry and cross-verification can be put to good use by opting for automated payroll processing.

Let us look at various ways of how an automatic payroll system can be useful for you: 

Read Also | 5 Benefits Of Using Online Payroll Software

Lowers errors: 

You do not want to be making errors with anyone’s paycheck. Mistakes in payroll can be one of the chief causes of dissatisfaction with an organization.

While calculators and excel sheets are better at conducting basic calculations, using payroll software brings efficiency and reliability when calculating gross salary, tax deductions, deductions based on statutory compliance, etc.

In an automated payroll system there is no need for manual data entry, which therefore reduces the risk of creating any error. 

Reduces cost: 

By keeping away from expensive mistakes in payroll, you can save money. Just give a thought to all savings from not making payment to ghost employees or avoiding payment duplication. 

Not only this, but cloud-based payroll automation software is available at pay per user model & comes at half-yearly, quarterly or annual packages.

Read Also | Know about Cloud Based HR System Software 

Ensures security: 

Payroll data is confidential information & you do not want it to be accessible to all. Spreadsheets and paperwork cannot assist you in that regard.

Automated payroll software looks into data encryption and provides you with the option to keep it protected by a password to regulate access control. 

Easy reporting: 

Automated payroll software allows you to view payroll data analytics with ease. All the data is just a few clicks away.

There is no requirement to look at manual files to gather all data you require in a report. Moreover, you also get the option to download the pre-configured report from the payroll automation software.

With the reports on wage parity, overtime, leave reports and attendance and much more, you can take an informed decision.

Read Also | Why is DynaPay Payroll important for organizations?

Being statutory compliant

A time-consuming procedure such as month on month tax calculations, filing statutory remittances.

Also, wrong or non-compliance filing can attract penalties and fines. Paycheck automation software enables you to remain updated about the latest amendments, laws, tax slabs, and changes.

These get auto updated in payroll software with no need to manually track them. 

Employee self-service: 

Allow all your employees to take over charge of their data available with their business. Employees/staff can view their deductions, payslips, leave, tax declaration and attendance information and so on.

It would ensure reduced knocks on the payroll manager’s door and fewer mail in his inbox.

The onboarding procedure can also be made simpler by giving the employees accessibility to upload relevant documents, which afterward can be verified by the HR manager.

Minimal paperwork is a boon for the HR department. 

Audit ready:

Have all your payroll linked data at your fingertips. You can be compliant without zero need to scramble the information each time there is an audit.

Those days are gone when the HR had to undergo piles of various files to check for the auditor’s payroll data.

With auto payroll software assistance, you can store all your information, including the hours worked, deductions leaves taken, etc., which you can pull out on a need basis. 

Why choose Dynamo Payroll and Dynapay Payroll?

Dynamo Payroll, Integrated Payroll, Human Resources, and Employee Self Service Software for Microsoft Dynamics 365 Finance and Operations.

DynaPay Payroll for Dynamics 365 Business CentralCloud Based Payroll System, Integrated Payroll, Human Resources and Employee Self Service Software for Microsoft Dynamics 365 Business Central

Alongside getting top class business solutions, we also take huge pride in our potential to deploy the right system support that matches well with the global client’s needs.

Dynamics Business Solutions (DBS) is a certified Microsoft Dynamics partner in UAE, we take pride in our ability to develop and deploy the right business solution that matches global client’s requirements.

To know more, speak to our expert at Dubai: +971 4 447 5525 Abu Dhabi: +971 2 222 2100 or inbox us your query at  dynapay@dynamics.ae OR visit www.dynamics.ae

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