In the era of digital automation, it pays to make the switch.
A recent study by PeopleStreme shows that just over 70% of organisations utilise some form of payroll software. However, a significant number of organisations still relied on manual processes. While some might say if it ain’t broke, don’t fix it, there are significant efficiency gains available by moving with the times.
Saves You Time
A common complaint by HR and payroll personnel is that they spend too much time on administrative tasks. These include: managing timesheets, updating employee information, and ensuring compliance. As a result, not enough time is allocated to more high-value activities like overseeing personal development, conducting training and managing company culture.
Depending on your company’s needs, the right HR and payroll software can remove manual effort and intervention. Software like Affinity organises employee information into a central database. Automation of payroll processes eases manual workload and aids in the productivity of HR and payroll professionals.
Saves You Money
Contrary to the belief that acquiring software can cost a small fortune, it actually equates to savings. Many companies are unaware of how much they spend on their payroll function. Taking into consideration the full cost of your payroll operation, including salaries, training, travel and memberships, the cost per payslip can get quite hefty.
On the other hand, while the integration of software to an organisation’s processes may require some initial cost and effort, the overall long-term savings are significant. Organisations have saved as much as 50% on payroll costs through the integration of the right payroll software.
Find out how much you can save with Affinity using our payroll calculator.
Removes Multiple Systems
A recent PwC study found that HR and payroll professionals were increasingly looking to get rid of multiple disparate systems in favour of one consolidated system. That is why Affinity offers a full suite of payroll functionality such as rostering, timesheeting, labour cost management, payroll automation, compliance and workflow.
Our system also facilities important HR functions like remuneration, on-boarding and performance management. In addition to the savings of time and money outlined above, Affinity also allows for comprehensive report generation, providing intelligence for key personnel to make informed decisions. All on one fully-integrated, cloud-based human resource information system (HRIS).
Adds Strategic Value
Overall the decision to utilise payroll software must be a strategic one. Remember, the goal is to remove manual administrative tasks so that more time can be spent on value-adding core business activities. This in turn increases productivity and profits. Selecting the right payroll software for your organisation thus depends on factors like organisation size, existing payroll team, your industry and the types of employees (i.e. full-time, casual, etc.).
To find out if Affinity is a right fit for your business, speak with us today.
Ask an Expert
Tracy is a corporate escapee with
an obsession for improving payroll compliance and efficiency.
You may also be interested in
The Australian payroll industry is constantly changing. The fast-moving pace of the industry is a definitive sign of the times.
HR workflow software – Clever technology designed to put your people first.