Many businesses have been debating whether or not to switch to a cloud payroll system like the Paylocity app for some time. There are advantages and disadvantages on both sides of the debate, but each organization has unique requirements. Your payroll team should understand what is best for your company. Do you know what to expect when you implement a cloud payroll solution if you’ve already decided that one is right for you? In this article, we will discuss how to get ready for a cloud-based payroll implementation.
What is a cloud-based payroll system?
Payroll software is much more than just paying employees on time and tracking the working hours of the employees. A cloud-based payroll system such as the Paylocity app also protects against legal claims and false compliance. It ensures that the company’s reputation does not suffer as a result of such minor mistakes, which could have been avoided with a simple decision to integrate a dependable payroll system
How to implement a cloud-based payroll system?
It is critical to have all of the features you require when selecting the right payroll system. Consider looking for extra features like employee self-service, HR onboarding, compliance reporting, time clocks, and even tax filing options. You will save time and money if you use full-service software like the Paylocity app. There will be no need to combine multiple applications to get what you need. This will help you avoid software conflicts, usability issues, and multiple subscription fees.
You’ll need copies of all your previous data as you switch to a new payroll provider. Request that your current provider send you electronic copies of all reports and pay stubs for all of your employees, including terminated employees and contractors.
The right system, such as the Paylocity app, will have an easy, seamless installation. Paylocity app is a hybrid, web-based Payroll and HR services app specially designed for the lower part of the SMB market. With its custom reports, compliance, pre-process register, and other proactive features, the platform provides businesses with online payroll software that goes beyond payroll functions. Employees and management can send and receive notes via Paylocity app communication features. Performance appraisals have also been streamlined. Management can also share reports and analytics.
In addition to all that’s mentioned above, employee data from existing software can be easily imported into a cloud-based payroll system such as the Paylocity app. Once in place, your payroll will run smoothly. Because a cloud-based system has a clean and easy-to-use interface, your new system will be much easier to use than your old one. Such tools introduce new hire templates, with a few of them compiling hundreds of fields into a single screen. This makes gathering demographics, earnings, deductions, and direct deposit information a breeze. Cloud-based payroll system also employs highly effective drag and drop technology to assist users in tailoring their payroll and HR processes and customizing a variety of templates to their specific needs and requirements.
There are numerous advantages to using a cloud-based payroll system. You do not need to dedicate IT resources to your software because it is not on-site or based on your servers. You also don’t have to be concerned about natural disasters or theft interfering with your ability to conduct business.
Payroll management is also simplified because it is available at any time such as through the Paylocity app. You can control who has access and distribute responsibilities as needed. Multiple people can collaborate with live data access. A cloud-based system will provide much greater security. The server backup ensures that you do not lose any important data. Your data will be encrypted and backed up regularly. Finally, you will benefit from scalability. As your company expands, so will your payroll system.