Quality automated payroll systems streamline the payroll process and provide several key benefits for businesses. However, there are many different automated systems available, so choosing one can be challenging. When it comes to automated payroll systems, businesses should make sure they get the best option for their unique team. Today, we’ll dive into the top features to look for in an American automated payroll system.
Direct Deposit
While it may seem like an obvious feature, direct deposit is crucial for excellent payroll software. Make sure the software can process payroll to pay employees via their preferred payroll method. Direct deposit benefits both employees and businesses. Businesses don’t have to deal with checks, and employees enjoy the convenience and security of getting their paycheck right in their accounts.
Tax Filing
Tax filing is incredibly important for all businesses, and it can be a big challenge for small businesses. The best payroll software includes helpful tax filing features. It eliminates human error from manual calculations. Furthermore, it should be able to automatically create tax documents including 1099s and W-2s.
Self-Service for Employees
Employee self-service allows employees to quickly and easily access their important payroll data. Software should include self-service options to save time for both employees and your HR team. With these features, employees can easily access and update their data without having to go through an HR member.
Data and Reporting
Making smart business decisions begins with data. Look for a payroll solution with excellent reporting. Your HR team can review reports to better understand your budgets and trends. Your team can then leverage this data to better manage employee overtime calculations and other operations.
Compliance
Compliance ensures your business follows all necessary regulations. Managing compliance on your own is very difficult, but the right payroll software makes compliance much easier. Look for a solution with compliance management so you can stay in the green zone for all regulations.
Security
Payroll data includes a lot of critical and personal information. The last thing you want is a system that’s susceptible to hacking. Instead, look for a solution with a high level of security. Database encryption is an essential part of security so the software protects your employees’ personal data, tax files, payroll information and more.
Ease of Use
The right payroll software should streamline the entire process for every stakeholder involved. For the software to streamline operations, it must be easy to use. While it may require some training to get everyone using the system, it should not be a difficult process. Employees, HR and management should be able to intuitively understand and use the software. Look for systems with a simple, sleek dashboard and user experience.
The Right Software Makes a Huge Difference
Ultimately, choosing the right American automated payroll system can drastically improve your business. It will streamline the payroll process, ensure accuracy, protect your data and help you stay compliant. To make sure you get software that will improve your business, look for one with the key features above.
