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BY Avan Tan Articles
Are you still using excel for payroll processing?
In our world today, technology is growing exponentially. Forward-thinking organizations are utilizing technology to streamline their business processes. The ability to automate certain business processes and adapt to technological trends can mean the difference between business growth and stagnation.
We are in an age of technological disruption where digital transformation is a vital element in business growth. If your business doesn’t have a digital mindset, you need to wake yourself up.
HR teams are too important to get bogged down by manual administrative tasks such as manual payroll processing and manually calculating/generating reports to BIR. They should be capable of contributing to the organization on a larger scale. For this to be possible, we argue that HR teams should be efficient by saving time in manual tasks so they focus on more important strategic HR activities. A good start to make this happen is to automate your payroll process through payroll software. By doing so, your HR team can do the tedious, time consuming, and prone to error task of manual payroll processing in a click of a button.
Here are the benefits of payroll software:
More and more companies are now using payroll processing software to streamline their payroll process. This results in a more efficient HR department—automation features such as calculating payroll taxes and deductions save time for employees so they can focus on more important matters.
Manual payroll processing usually takes a lot of time. It is a stressful, time-consuming task for payroll teams. With today’s technology, through payroll software, payroll processing will only take minutes. What was once a tedious task is now a much simpler process.
If your company experiences the following, it is now time to take a step forward and use a payroll software:
An automated payroll system can help you process payroll and salary disbursement with greater speed, efficiency and confidence. More than that, some payroll software also includes employee self-service features that would streamline HR tasks such as filling of leave, time & attendance tracking, and finance reports.
In the long run, payroll systems would save you both time and money because of accurate and efficient computation vs. prone to error and time consuming manual accounting.
Get rid of the anxiety and stress-inducing tasks of bonus calculations, year-end tax computations/deductions, and manual computation of the summary of all 2316 of your employees. Process your payroll in a click of a button. Here’s a free demo if you are interested.