BENEFITS OF PAYROLL OUTSOURCING
Outsourcing the payroll functions offers great benefits. Some of the major benefits of outsourcing payroll are:
- Saves Money — Maintaining payroll function within the organization can be an expensive affair. You need resources such as well-trained employees, office stationery and printers, documents and so on. When you compare the cost of running a payroll function in-house to the cost at which a service provider offers it, you will be surprised. You will save a lot of money when you outsource it to a service provider.
- Avoids Penalties — Most of the service providers ensures that the customer is not penalized as they handle the task efficiently. It further justifies that payroll outsourcing is beneficial for businesses.
- Direct Deposit — Businesses are aware of the fact that employees want a direct deposit. It allows employees to access their paychecks without leaving their home and chances of an error or a fraudulent activity are very less.
- No Technology Headaches — The technology keeps changing and payroll software must be updated from time-to-time. Companies who run their in-house payroll function have to go through a lot of stress regarding the same. Outsourcing companies keep themselves updated with latest technological developments in the payroll management software. If you hire them, you don’t need to bother about these things.
- Offers Security — Outsourcing companies do not use the old and conventional paper payment method. Electronic payment methods are much better and secured. In case if an error happens, it can be traced by the outsourcing company which protects you against any potential losses.
- Flexibility — Most of the outsourcing company’s complete payroll packages which means greater chances of meeting payroll requirements. Outsourcing companies make sure that they meet your unique business needs so that you do not end up paying for a service that you have not availed.
- More Reliable — In most of the companies, the payroll work gets affected due to an employee’s absence or due to holidays. Besides companies constantly fear the loss of resource. Such worries are pointless in an outsourcing payroll services company as they have a large pool of employees to take care of the work properly. Even if someone leaves, other steps in to handle the responsibilities. At any cost there won’t be any compromise with the work quality or the timely execution of work.
Wolke’s software licensing and delivery model is flexible, scalable and economical wherein a software is licensed on a subscription basis and is centrally hosted. It’s easy to implement and works on taking on new modules as and when needed. SaaS is typically accessed by users using a thin client via a web browser. Talk to us for an economical switch on switch off model.
Wolke provides the best Time & Attendance Solutions integrated to Payroll, to a number of clients nationally and internationally in the UAE, GCC, MENA and European region. It is a company based in Dubai Internet City UAE and has capabilities across Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman, Fujairah, Umm Al Quwain. It has also expanded across Bahrain. It solutions are robust, flexible and scalable.
Primarily, we will need an understanding of your company processes, gather requirements and eventually implement a standardized system. Wolke also provides Microsoft Dynamics NAV/AX/CRM implementation and solutions. Besides our experience in a world class affordable HCM / HRMS Suite (Human Resource Software Solution) with modules like Core HR, Payroll, Time & Attendance, Employee Self Service, Performance Appraisal, Outsourced Payroll service and SaaS payroll model we assist our clients in various ERP solutions. Talk to us on your software needs. We are reliable, responsive and economical in our approach to our customers. Period. Talk to us if you are a construction, Logistics, Banking, Hotel, Trading, Financial Services, Landscaping, Facilities Management, IT, Developer, Contractor, Consultant, Engineering, Distribution, Shipping, Retail, Wholesale, Events or a Media Company.