Best Practice: Conduct an Annual Review of the In-house vs Outsourced Payroll Question
It used to be that only large companies with sizable payrolls and big budgets could afford to bring payroll in-house. But things change quickly in today's dynamic business environment. Many companies now review annually their approach to "in-house payroll vs. outsourced payroll."
Why Use In-House Payroll Software?
Companies who use our in-house payroll software range in size from 100 to 1000 employees. They want a comprehensive system that allows them to:
- Control payroll processing costs
- Import time cards
- Track labor costs
- Automate employee requests
- Receive knowledgeable support
Avoid Payroll Processing Fees
Outsourced payroll providers charge a per-employee fee to process payroll. Services are sold a la carte and fees can add up quickly. Keeping payroll in-house gives you quick access to all of your payroll information. You can run customized reports whenever you need them, skipping add-on fees. When last-minute payroll crises arise, you can handle them efficiently and not have to pay penalties.
Automate Time Collection
Being able to import time cards from different time collection devices saves time and eliminates manual entry. But you may run into compatibility issues with some payroll systems. Our system uses a point-and-click process to import time cards from third-party time clocks, Excel workbooks, fixed-mount time clocks, badge swipe systems, and other front-end systems. If you prefer, we offer a fully integrated time and attendance system - SBS Time and Attendance.
Track Labor Costs
Having the ability to allocate your employee's time across multiple jobs or departments lets managers accurately track labor costs. In SBS Payroll, an employee's hours can be automatically assigned by role or by department.
Automate Employee Requests
Manually looking up archived time cards or sifting through missed punches can take precious time from other critical payroll staff tasks. SBS Employee Self-Service (ESS) is a browser-based software that lets employees view their own time records, time punch history, paycheck history, W2s, and schedules.
Get Knowledgeable Support
Right from the start, our support team works with you to get your system up and running. They learn how you like to do business and help you get the most out of your new payroll software. When you run into challenges, they work with you until your issue is resolved.
This is the second in a series of articles in which we are re-introducing SBS software products. The first article was about our Financials Suite. The next article in the series is about our HR Management Suite.
