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brightpay

The payroll solution that provides all you need for Auto Enrolment.

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Can you afford to ignore payroll as a service offering?

15th Feb 2022
Brought to you by
brightpay

The payroll solution that provides all you need for Auto Enrolment.

Share this content

Payroll as a service can offer a valuable solution to your clients and represent a lucrative revenue stream for you. But how is this possible? Payroll was once thought of as a loss leader by accountants but with new digital solutions, you can manage and complete payroll duties far quicker than before, while still offering the highest quality of work.  

New technology trends in the payroll sector mean payroll processors are moving quickly through the work, have the capacity to take on more clients, and even better, can offer additional services to their clients.  

Offering payments as a service:  

Access to digital banking and to Faster Payments Service gives bureaus the opportunity to offer payments as a service. Instead of the clunky and time-heavy payments associated with Bacs, you can now pay your client’s employees in a matter of minutes. Using BrightPay Payroll to process your payroll, customers have access to their integration with the payments platform, Modulr. This integration allows users to pay directly from within BrightPay and settle payments in under 90 seconds. Unlike Bacs, these payments can be made 24/7, 365 days a year, including public holidays.  

 CIS services: 

The Construction Industry Scheme (CIS) and its associated legislation and regulations can be difficult for businesses to understand, and it therefore represents an opportunity for bureaus. By running CIS payroll, you can offer clients expertise on CIS and deliver an efficient and accurate CIS payroll on time, every time. Unlike other available payroll software, BrightPay Payroll offers full CIS functionality included in the payroll licence, at no extra cost!  

Using BrightPay’s CIS module, you can cater for all subcontractor types, verify subcontractors with HMRC, issue payment and deduction statements to subcontractors, create and submit monthly returns, and using the Modulr integration, pay subcontractors directly, without the need for bank payment files.  

Auto-enrolment: 

Auto-enrolment services are not unusual to see in a payroll package. While the AE services you offer can deliver benefits to your client, it only needs to take up a short amount of your time if you’re using the right software. Batch auto enrolment processing and quick API integrations are a must to deliver on this.  

Using BrightPay, you’ll have direct API integration with NEST, The People’s Pension, Smart Pension, and Aviva, along with CSV support for many other pension schemes. You can also be confident in never missing a re-enrolment date. BrightPay payroll automatically assesses employees for re-enrolment, and if they meet the criteria, on-screen flags and alerts will appear to notify you that you now have re-enrolment duties to perform.   

Schedule a demo today:  

If you’re interested in learning how BrightPay can improve your payroll services and save you time, schedule a 15-minute demo with a member of our team today. If you’re looking to switch to BrightPay, we offer dedicated migration specialists to help you through the importing and set-up process. You can book a free migration consultation here. 

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