Cloud-Based HR & Payroll
Cloud-based software where you can access, operate and control everything about your payroll and HR requirements from onboarding employees to ensuring compliance to handling exit processes over a remote system. Tech Impact Solutions can help you evaluate both in-house and outsourced solutions to see what best fits your organization.
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Human Resource & Payroll Solutions
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Manage your employee recruiting, hiring, and payroll process with specialized cloud solutions.
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Manage your employees wherever they work
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Track time, expenses, and payroll from one convenient location
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Integrate with manufacturing, accounting, and billing solutions fo organization-wide solutions
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Benefits of Cloud-Based HR Solutions
Innovating and transforming through the latest HR technologies can convert the HR department into a business driver for the organization. The many benefits, aside from the convenience of an HR system that is accessible online by employees include:
Savings in IT Support
With cloud solutions, in-house IT hardware and support can be reduced substantially as the burden is taken on by the provider.
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Lower Prices
Subscription fees are generally lower than the proprietary software fees and associated customization and maintenance costs. The total cost of ownership is significantly lower.
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More Value From HR
With most HR activities supported by self-service, HR professionals can reallocate their focus to strategic work, helping to deliver business goals and concentrate on strategic imperatives.
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Greater Productivity
Most importantly, a cloud-based HRM system can produce real productivity benefits as the adoption of innovative tools leads to workforce optimization, competitive advantage, and greater customer satisfaction.
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In-House Vs Outsourced Payroll Processing
Before the advent of integrated human capital management (HCM) solutions, companies of all sizes chose to handle their payroll processing in-house for several reasons, including:
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Control over timing, processes, and costs
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Ability to customize systems and reporting
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Security of data
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Integration between the company’s HR, payroll, and financial systems
Outsourcing was viewed as cumbersome, inflexible, and, most of all, costly. Today, many of the historic arguments against outsourcing are no longer valid. By linking payroll, HR, talent, benefits, and time & labor management, an integrated HCM solution can deliver all the perceived benefits of in-house processing with significant added advantages — including superior economies of scale, improved visibility, real-time processing, world-class security, and protection against compliance risk. Though a strong case can be made for outsourcing there are still many organizations that process payroll in-house.
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What is outsourced payroll?
When you outsource payroll for your organization, professionally trained experts will take care of the payroll process from start to finish. After you've set up your payroll, these experts function as an extension of your business and take care of your payroll processing and reporting including the calculation of tax deductions, meeting government remittance deadlines, preparing your payroll for year-end, and handling pay-related employee inquiries. From the employer’s end, you’ll need to ensure that accurate employee information and hours worked are submitted. Before processing, you'll also have an opportunity to review your payroll expense for the pay period and see the reports that give you the right amount of insight into your labor spend. ​
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Why should you outsource payroll?
The decision to outsource payroll or keep it in-house is different for every business. To make the right decision for your company, we’ve put together a checklist of questions to consider as you're weighing your payroll outsourcing options.
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Does keeping up with compliance stress you out?
Compliance is a critical issue for businesses of all sizes – and particularly for small businesses, as it’s tough to keep up with constantly changing legislation. Outsourcing payroll to a trusted partner means that someone else will help you keep up with the annual gross-to-net tax rate changes.
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Can you be more efficient with your time?
Small businesses move at an unrelenting pace and often changes to payroll are time-consuming and take away from focusing on key business priorities.
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Are you buried under piles of payroll paperwork?
One benefit of outsourcing payroll is that you can go paperless – or at least significantly reduce the amount of paper you have to slog through to make sense of payroll.
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What to look for in choosing a payroll software
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Robust payroll processing and tax calculations
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High level of security
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Employee Self Service
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Payroll Reporting Capabilities
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Proven Expertise
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Strong Customer Support
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An efficient implementation process
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Flexibility
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