The Benefits of Cloud Based Payroll for Your Business
Your current payroll system probably works just fine—employees get paid on time and no one is coming to you with complaints. Why change it, then? Because while there might be nothing wrong with your current payroll system, it can be so much better! Here’s how:
Centralized Employee Data
Payrolls mean much more than assuring your employees that they have received their salaries. It involves centralizing all data on your employees from the day they join, so you can keep an accurate tab on internal affairs. Incorrect information can adversely affect the accuracy of their paycheck, and that can, in turn, lead to further issues. There are simply too many factors to count in when calculating payrolls, including but not limited to:
- Deductions
- Leaves
- Additions
- Benefits
- Taxes
- Funds
- Loans
- Investment, etc.
Not having accurate data on any of these factors can be a nightmare for an employer, and cloud-based payroll can help you avoid this.
Easy Adaptation to Compliance Changes
No employer wants to go through a compliance nightmare that can turn into a legal hurdle. Cloud-based payroll eliminates the need to manually keep up with changes in regulations. All you need is to make a single update on the server, and you’re done.
All the payrolls that will be generated subsequently will be compliant with the latest laws.
The Payroll Staff Gets Their Day
If you have hundreds of employees, managing so many payrolls without the benefit of a cloud-based payroll can be disastrous. Not only will HR be overworked, but they are also more likely to make mistakes if they are overburdened.
Reduce some of their work and make it easier for them by introducing cloud-based payrolls in your work policy. Let the cloud do half the work with advanced automation features.
No More Scrambling for Data
Since all data is now centralized in one place, it’s easier to access from anywhere in the world. Should the management team require this data, they can access it with considerable ease from wherever they are. Cloud-based payrolls, therefore, make managing work from a remote workplace even easier. You have information in real-time at your command without moving an inch from your workstation.
Cloud-Based Payrolls in the UAE
The DLI-IT Group can provide your UAE business with all the HR management solutions you need, from cloud-based payroll software to time attendance systems and more. Get in touch with us today.