Choosing the best way to manage payroll depends on your business goals. The right payroll provider will understand your unique challenges and partner with you to find the best solution for your organization.
You know how your on-premise solution works, so stick with what you’re used to, right? Not so fast. The speed of change is accelerating, and you need your payroll system to keep up. Payroll software in the cloud is a reliable, flexible, and scalable option that supports organizational efficiency.
Today’s organizations need to think about both current and future business needs when it comes to choosing between managing payroll in-house or outsourcing it. The right payroll software can reduce the administrative burden on your team for greater efficiency, while outsourcing can help you focus on your core business.
Many payroll solutions rely on imports, exports, and batch processing to complete payroll. This can create less time to review and audit your data before committing payroll, resulting in errors. Make payroll simpler and remove that burden with real-time payroll. It combines time and pay together in a single system, so you can view and audit payroll data at any time, even in the middle of a pay cycle. A full suite HCM solution compounds that efficiency by sharing data between time, pay, benefits, and HR in real time.
According to Nucleus Research, Dayforce's unique platform architecture continues to set it apart from the competition and deliver value to Ceridian customers.
There are many factors that go into deciding the best way for your organization to tackle payroll. Some companies can accomplish their goals by implementing technology to make payroll more efficient, whereas others may choose to focus on their core business and outsource the payroll function to an outside vendor.
Some factors to consider are:
Our team of experts can talk with you about your goals to help you determine your best option for payroll.
Whether you're considering a payroll vendor switch, or implementing a payroll system for the first time, there are a lot of important questions to ask potential vendors. Here are a few key questions to start you off:
These are just a few of the questions you should ask a potential payroll vendor. Additional questions may emerge based on the specific needs of your business.
Outsourcing is a good option for many organizations, as it can support business continuity and allow companies to focus on the core business. Here are some considerations:
Learn more about outsourcing payroll and how to determine if it's right for your organization.
Many organizations are looking for ways to save time on payroll processing. The right technology can help your team work more efficiently, especially if you're currently using manual processes.
Most organizations maintain separate systems for payroll and time. This forces you to wait until time data has been processed at the very end of a pay period to work on payroll, creating a short time-frame for updating, correcting, and verifying all data before payroll commit. This may lead to extended work hours, unnecessary stress, and errors.
Dayforce helps improve speed and efficiency by combining payroll and time-tracking together so that you can access and audit data throughout the pay cycle. That means you don't have to wait until the pay period closes and rush to process payroll – you can work on it on your own time. And because it's in the cloud, payroll can happen from anywhere.
Learn more about how Dayforce can make payroll processing more accurate and efficient.
The goal of implementing any payroll solution is to improve efficiency, save time, and reduce costs. When you’re evaluating a payroll software, you should be aiming to learn how it can achieve these goals. Here are some considerations:
These are just a few of the questions you should ask when evaluating a new payroll software.
Discover how Dayforce can help your organization reduce complexity, work smarter, and build a better employee experience. Talk to us to find the best payroll solution for your business.
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