Regardless of your ultimate goal – be it increasing internal efficiencies, saving money, or even reducing the business risk and exposure – a well-planned and smooth transition will ensure that you maximise your organisational benefits. It is common that this exercise is being conducted because there are too few people in your business and it will give key people back vital time to focus on core business.
By using ePayroll's Assisted Payroll, you can benefit from industry specialists, with all aspects of your data and all information leading to payroll managed securely. Having assistance means when complex payroll questions arise in your business, you get answers. Whether it is redundancy, long-service leave, salary packaging or complex termination calculations, answers are provided when you need them.
Reduce Your Cost Structures
Saving money is the most common reason for outsourcing payroll – typically, organisations should expect to save 40-70%. Ultimately, the ROI could be the main justification albeit; there are considerable benefits and technological advantages. In order to effectively evaluate the service options, determine your current cost structure.
You may not realise how much it actually costs you now, which is the wage cost to capture hours, interpret what those hours mean for payroll, process pays, check calculations, investigate gaps in information, produce summaries, receive sign off, answer all questions about pay related matters, provide payslips, make changes to employee records and calculate terminations.
Reduce Reliance on Particular Individuals
You may be concerned about how much of the payroll process is conducted by too few people in your business, or how much you rely on those few people. The current situation may also cause stress around payroll, particularly if a vital person is sick.
Dependence on one or more individual(s) unnecessarily exposes your business to a number of risks, including, miscalculations, mistakes or poor compliance management.
Increased Compliance
It is both challenging and costly to remain on top of a demanding and constantly-changing Australian compliance landscape.
Regardless of whether your challenges are Income Tax, Superannuation, Industrial Relations or Payroll Tax, they are all complex. The cost of getting it wrong (or proving that you are compliant) could be sizable. Compliant outsourcing reduces the business risk and exposure.
Speak to one of our team members today!
ePayroll has been providing comprehensive and integrated online payroll solutions to businesses across Australia since 2002. Our state-of-the-art payroll software is widely used - from your local boutique café to a medium sized organisation with over 100 staff. Every business knows that a smarter and more dynamic payroll system can increase organisational efficiency, which leads to higher productivity and effectiveness. Our online payroll programs and applications allow businesses to optimise their daily operations by reducing risky errors whilst boosting compliance and accuracy.
As Australia’s trusted web payroll and employee management software providers, we guarantee that you will get the ultimate flexibility and efficiency to lift your business to greater heights.
ePayroll is a part of ReadyTech (ASX listed, RDY), the leading provider of people management software for employers, educators and facilitators of work transitions. Bringing together the best in payroll and HR admin, student management, employment services and behavioural science technology, we support the development and success of tomorrow’s workforce. As a whole, ReadyTech represents a new way to manage the complex human journey through study, work and career transitions.
