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EBOOK: IS YOUR CURRENT PAYROLL SOLUTION MEETING YOUR BUSINESS NEEDS?
Divya Ganesh | November 16, 2023
Share post
Your payroll options are no longer limited to two. According to Acumatica’s
eBook, outsourced solutions and industry-specific systems can now be replaced
with online and configurable payment management solutions, like Acumatica
Payroll.
As a small to medium-sized business (SMB), you know payroll can be complex and
time-consuming—especially if you have a solution that can’t keep up with your
changing needs. In Acumatica’s eBook, Is Your Current Payroll Solution Meeting
Your Business Needs?, you’ll learn that suffering with traditional payroll
solutions is unnecessary when a comprehensive, cloud-based, and seamless payroll
module, like Acumatica Payroll, can streamline and simplify your payroll
efforts.
WHY OUTSOURCED AND IN-HOUSE AGING PAYROLL SOLUTIONS ARE NOT THE ANSWER
You’ve heard there’s safety in numbers. People take it to mean that,
statistically, the chances of an individual suffering a mishap go down when part
of a larger group. Unfortunately, this theory is not always true. For example,
even though you’re surrounded by many other SMBs that are doing exactly what
you’re doing—outsourcing their payroll obligations or using an industry-specific
system—your business and their businesses will all experience challenges. No one
is exempt.
The eBook breaks down these challenges by payroll option.
1. Businesses using the Outsourced Service Provider option, while able to
reduce the stress of filing and remittance, must still capture time, code
payroll to the proper categories, and track changes in employee status/pay
rates within their accounting software. Additionally, they have costs
associated with retaining a payroll provider and maintaining an accounting
department for administrative tasks.
2. Businesses utilizing In-House Old Technology usually have more complex
payroll requirements. This option provides its own set of challenges
centered around its lack of functionality, accessibility, and usability.
Thankfully, these two payroll options are no longer running the show. The eBook
highlights SMBs’ third, comprehensive option: Online and Configurable. “[It] is
time to reconsider not just the best way to manage payroll, but to look beyond
payroll to the reporting and operational needs of the entire business. With the
advances in programming capabilities, remote access, and user expectations, it
is time to look for payroll features that are part of a complete, end-to-end
solution.”
The eBook provides 12 reasons why and how cloud-based, seamless payroll
management software transforms the way payroll obligations are handled. The
first six are listed below.
1. Flexibility
2. Agility
3. Integrated
4. Timely
5. Accurate
6. Automatic
The final six cover the benefits in cost, accessibility, and mobility, and the
benefits from the seamless flow of information, data in real time, access to
certified payroll reports, multi-state/multi-entity capabilities, and more.
ACUMATICA PAYROLL FOR ALL
As a complete payroll solution, Acumatica Payroll is designed to meet the
simplest and the most sophisticated of payroll needs. You’ll learn more when you
download Is Your Current Payroll Solution Meeting Your Business Needs?, but
here’s a quick recap of how Acumatica Payroll can help you simplify your payroll
setup, processing, and reporting:
* Pay employees via check or direct deposit
* Automatically pull time entry data entered into Acumatica Employee Portal
into the payroll system
* Eliminate the cost of maintaining an interface to an external payroll system
* Experience a seamless flow of time data across Acumatica financials, project
accounting, costing, business intelligence, distribution, manufacturing,
construction, and field service
* Process payroll anywhere
* Streamline government taxes, forms, and reporting
And that’s not all. You can set up multiple pay groups, employee classes, tax
rates, overtime rules, and deductions and benefits directly within the system.
Here’s what Acumatica customer Sam Fisher of Fisher Brother Exteriors had to say
about his experience with Acumatica Payroll. “With Acumatica Payroll, processing
is streamlined from start to finish, and we have access to real-time labor costs
as part of job costing to make smart, strategic decisions.”
For more details, download the eBook and check out the Acumatica Payroll page.
You’re also welcome to contact our team with any questions about our cloud ERP
and payroll software.
Download the eBook
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BLOG AUTHOR
Divya Ganesh
Director of Product Marketing at Acumatica
Acumatica Payroll cloud erp payroll management payroll management software
Categories: Customers, Product
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