Advantages of an Online Payroll System for SMEs

Many businesses handle their payroll in-house, either through payroll departments or by small business owners doing it solely on their own. However, there are a lot of benefits to using an online payroll service, including the reduction of errors and time efficiency. An online payroll platform allows you to manage payroll without the need to hire another set of employees.

Take a look at some of the advantages that changing to online payroll could provide for your company or small business:

Strategic Automation

In the era of digital transformation, businesses are integrating automation into their daily operations, one of them is payroll. Instead of spending a significant amount of time encoding and checking monthly payroll, you can just encode it and let the system do the work for you, saving a considerable amount of time for your employees or as a small business owner. 

Accessibility 

Cloud based systems lets you access it anywhere as long as you have an internet connection. This benefits your employees since most are working from home now. WIth an online platform, they can access and generate reports even without using a VPN. 

24/7 Customer Support

Some payroll service providers have their own customer support. With the help of customer support, concerns and issues within the system will be addressed quickly. But, with the introduction of a new platform, one of the drawbacks is the training involved as it will take some time for your employees to get a hang of the new tool. 

Data Security

With the help of the new Data Privacy Act, payroll service providers must now ensure that their platform is free from data miner and malwares. Data security is critical and payroll data is particularly sensitive. You, as a business owner, must be able to find the best online payroll software that employs cutting-edge security for your employees’ data. 

Benefits listed above are just a few of the things  you can get from having a payroll system. If you want to improve the efficiency of your business operations, lower costs and provide transparency, it’s time to switch to an online payroll system. 

With Serbizyo’s Payroll and HRIS, we help business owners take their minds off the complexity and redundancy of such tasks so they can focus more on scaling their growth even further. Contact us today at marketing@serbizyo.com

About the author

Jowena Borral is an HR Generalist with more than 5 years of experience working with local and international companies. A business specialist with a knack for creative visualization, team engagement and human interaction.

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