Before Online Payroll
|
After Online Payroll
|
|
More hours spent manually processing payroll
|
Reduction in
time spent processing payroll, since it is performed automatically |
|
|
Frequent
mistakes due to fewer checks and balances. Human error when manually
calculating payroll accounts for a loss of 1% to 8% of
the gross
payroll, according to the 2002 PayTech Magazine survey |
Decrease in
errors due to internal checks and balances in payroll processing
software |
|
|
Increased risk
of non-compliance on taxes and labor |
Greater tax
and labor compliance, thanks to a pool of experts available to keep
clients apprised of regulatory changes |
|
|
Greater
vulnerability to breaches in security |
Tighter
security of payroll via password-protected accounts |
|
|
Little
confidentiality of information |
Heightened
confidentiality through a secure electronic based system |
|
|
No support
with troubleshooting |
Extensive,
responsive customer support to assist with payroll troubleshooting and
backed by a technology department |
|
|
Fewer HR and
payroll resources |
Numerous
payroll and human resource partners to bundle functions, provide
information and ensure comprehensive, seamless service |
|
|
Inflexible
schedule and inability to process payroll due to illness, vacations or
inclement weather |
Enhanced
processing due to remote access. Payroll can be processed on-time,
anytime, anywhere--and securely |
|
|
Massive paper
piles and files and lack of storage |
Reduced paper
piles, since payroll can be delivered via email, CD or hard copy |