How is cloud based payroll software useful to SMEs?

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How is cloud based payroll software useful to
SMEs?
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• Why switch to cloud-based payroll software? The
  purpose of cloud based payroll software is to
  simplify and automate the process of paying a
  companys employees. The payroll process includes
  tasks such as computing deductions and employee
  benefits, producing pay slips, calculating and
  filing employment taxes, complying with
  regulatory requirements, processing or depositing
  payment directly to employees bank account,
  voiding payments if need be and even producing
  reports.

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• Improve speed and security
• Few things are more important to your employees
  that is being paid on time. Yet for many HR and
  payroll departments, running payroll is often a
  rushed process. Cloud based payroll software is
  designed to ease payroll process and provide
  security. Most feature a friendly, intuitive user
  interface and straightforward navigation. Perhaps
  more significantly, because many functions are
  automated, it eliminates the need for manual
  calculations, reducing the errors, redundancies
  and workarounds that plague employers still
  struggling with older on-premise Payroll Software

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• Offer mobile accessibility
• These days, the real work often gets done outside
  of the office. One of the great benefits of cloud
  based payroll software is that HR staff and field
  managers can process and approve payroll from any
  device, any time of day. For businesses with
  multiple worksites spread across multiple time
  zones, this is a huge advantage.
• Reduce cost
• Cloud based payroll software offer a higher
  return on investment than on-premise software or
  manual spreadsheets. There are no in-house
  servers to buy and maintain, no physical set-up
  to accomplish and no upgrades to purchase.

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• Increase employee productivity
• Using a cloud-based payroll software keeps the HR
  team on-the-go. Even while commuting, youll be
  able to run payroll through your smartphone or
  tablet. Your cloud based payroll software manages
  most of the tasks for you. Managers become more
  productive and efficient when they can handle
  employee tasks on the go. Employees become
  happier and more efficient when they can view
  information and complete tasks without having to
  ask HR for assistance. HR Managers become more
  strategic and efficient when they can delegate
  tasks while maintaining accountability.

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• Integration with less effort
• Easily integrate systems and share valuable data
  in real time. You can utilize all of the features
  and benefits of a cloud-based Payroll Software by
  integrating payroll with time and attendance,
  leave management, statutory compliances and
  performance management.
• The Upshot
• Real time payroll processing makes it easier to
  generate reports that are legislatively obliged
  as it ensures that all information is up-to-date
  and correct. It also helps you plan your business
  strategy to get better insight for the business.

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Contacts Us

• 19, Balaji Towers, Sector 30A, Vashi,
• Near Sanpada Railway Station
• Navi Mumbai 400705
• Maharashtra, INDIA
• Phone [phone]
• Website https//factohr.com/

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• Thanks