subject: 5 Ways Payroll Software Can Save Your Company Money [print this page] 5 Ways Payroll Software Can Save Your Company Money
1) Staff.
Putting time tracking software in place with biometric devices will immediately help to reduce your labor expenses. Manually gathering, monitoring, computing and preparing time data to process payroll can take a lot of time, but with an automated payroll software solution, companies are able to increase productivity and profits.
2) Accuracy.
Payroll software reduces the risk of human mistakes and guarantees an easy, impartial, and orderly approach in addressing specific needs without any confusion. In fact, payroll software has been shown to have an accuracy rate of more than 99% versus manual systems by eliminating mistakes in data entry and processing.
3) Security.
Time tracking software together with biometric data collection devices may be used to monitor employee entry to certain areas within a building. Biometric data collection devices get rid of buddy punching and also helps reduce costly expenses, including stealing of equipment or property.
4) Employees.
Employees will be more secure because automated payroll software guarantees timely and accurate pay. Further, by eliminating manual processing of time sheets or paper time cards employers are able to improve employer-employee relations by giving employee secure access at their discretion to personal data.
5) Productivity.
Efficiency increases because time tracking software is seamless and makes day-to-day operations more productive and easy. Getting rid of traditional practices frees up employees time, reduces staffing overhead, and provides supervisors with efficient labor data to more effectively monitor their operations.
Christine Smith is Marketing Coordinator for Gatekeeper Business Solutions, Inc. Gatekeeper Business Solutions, Inc. specializes in a proprietary suite of software tools (LMS) that includes time and attendance, scheduling, and integrated payroll processing for midlevel private and public sector companies. To learn more, visit http://www.gatekeepersolutions.com
