Escape the confines of traditional payroll services
26th Aug 2019
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Payroll services have long inhabited a strange dual state of unpopularity. Businesses dislike it because it’s onerous, while accountants loathe it because payroll has proven difficult to monetise. Not to mention, the work is complex and there are bountiful opportunities to mess it up. Cloud computing has altered this dynamic for the better, making payroll services and online accessibility easier and more convenient to offer. Just consider how much more powerful accounting software has become in the era of cloud.
Moving beyond the confines of the desktop and connecting payroll software to the cloud opens all sorts of new, exciting prospects. Cloud allows constant and iterative improvements because software companies can offer added benefits and additional layers of access via the web, rather than through more traditional, unsecure methods like sending attachments via email.
This formula for progress holds true for cloud payroll accessibility. Synching your payroll data to the cloud enables new features, fully supported by a remote access infrastructure for your clients that’s always improving the payroll process. As for your clients and their employees, a cloud portal acts like an in-house HR system, streamlining many internal payroll administrative duties.
Cloud integration updates your information in real time which is easily accessible at any time via any device with internet access. Whether it’s just checking something after hours, or enabling flexible online access to payroll information creates freedom. Cloud payroll portals are making it easier and cheaper to provide payroll services at scale for all of your clients. Drudge work is automated, it’s more collaborative, and a simple, intuitive online interface speeds up your work.
But the potential profits from online payroll platforms aren’t just about payroll itself. Time is money, as the old saying goes. Less work filling in boxes means more time spent on lucrative work such as advisory services, consulting and new business development. All throughout the accounting profession, we’ve seen that when firms cut the time spent on traditional services like bookkeeping, tax preparation and now payroll, they can then take on additional clients and projects, using the same number of staff.
More capacity, more time, more flexibility, more collaboration, more profits: the benefits of cloud automation and remote self-service portals will seep into every corner of your practice.
Download our free guide to discover more about cloud innovation and how it is affecting the future of payroll. The time and admin burden of payroll is substantially lessened while simultaneously the benefits of automation reduce the bureaus workload.