Payroll is a vital part of every HR operation. Since employee wellness is critical to the optimal functioning of every organization, employees’ salaries must be accurate and on time. According to a survey by Sage, 35% of UK workers would find another job if their employer paid them incorrectly even once. While this survey focuses on the UK labour market, it provides an insight into the Nigerian labour market to a great extent, given the current realities of inflation and the resultant increase in the prices of necessities.
So for companies to manually meet up with accurate payroll processing, they spend money hiring payroll personnel who invest long hours working on Excel sheets, making necessary deductions, and ensuring timely payments.
You’re in the right place if the above issues resonate with your organization’s current struggles. In this article, we will show you how to improve your payroll processing efficiency while helping you save time and money and protecting your organization’s reputation.
Earnipay’s Solution to your Payroll Processing Struggles
Based on our commitment to improving business operation efficiency, our payroll processing and financing product offers a way out for HR Managers or officers stuck with processing payroll manually. With our payroll processing solution, you can automate payroll processing activities like calculating worked hours, making deductions for taxes and other benefits, and distributing your employees’ salaries or wages by issuing paychecks or direct deposits.
Suppose you’re wondering whether our payroll software works for your small business. In that case, you have nothing to worry about, as it is specially designed for businesses of all sizes looking to manage their payroll more efficiently. In helping businesses facilitate efficiency and streamline payroll processing, here are some features that our product offers;
- Automated payroll computations using the number of employee days worked and their pay rates
- Integration with tax and benefits systems to accurately calculate deductions
- Options for issuing paychecks or direct deposits to employees
- Access to financing options such as credit to support your payroll.
- Access to on-demand pay allows your employees to access their salaries whenever needed.
- Advanced security measures to protect sensitive financial and personal information
Perks of Using Earnipay’s Payroll Processing
Like every other automation tool, earnipay’s Payroll Processing software offers many benefits to businesses of all sizes in improving their operation and efficiency. Here are some of the ways our product can benefit your business;
Cost Effective Alternative
One obvious benefit our payroll product offers is that it dispenses with the need to spend money on hiring a dedicated team for manual payroll processing. Also, since our software is built for automation and accuracy, you’d have no business paying fines for non-compliance or payment errors. The best part is that you can enjoy this product for free for up to three months if you get started immediately.
Increased Security
Suppose you’re worried your employees’ information would be compromised by sharing it with a third party. Our payroll solution is secure and encrypted with 256-bit encryption, reducing the risk of your employees’ personal and financial information being compromised.
Saves time
You’ve read this article up to this point because you’re looking for a way to streamline your payroll processing operation, and our payroll solution offers this possibility. Asides from processing payrolls 5x faster than manual processing, it helps manage your payroll structure and distribute payments with minimal effort. This way, you can focus on more meaningful work instead of wasting valuable time doing it manually.
Minimize Errors
When processing payments, calculating hours worked, making deductions, and making payments manually, chances are that you’re more likely to make errors that could hurt your employees’ trust and the organization’s reputation. With our solution, you’re less likely to experience these sorts of mistakes if you correctly enter the necessary details.
How to get started today
If you’re ready to get on board with Earnipay, you’ve just taken a step toward improving your organization’s operation. Getting started is straightforward, and you’d have your account running by simply following the steps below;
- Head to our website on your preferred browser and tap the “Sign Up” option.
- Create an account by entering your contact and business information.
- Set up your Payroll options by setting up payment structure, payroll frequency, and automatic payment. This stage involves customizing the features to suit your business needs.
- Start processing your payroll using our product.
As can be deduced from the above step, it’s straightforward to get started. You can contact our customer support if you require assistance during the sign-up process. In addition, our website has a user-friendly and easily navigable interface.
Final Thoughts
Since payroll processing is a vital operation, it’s only better if you optimize it for efficiency and accuracy, which is possible with our payroll processing and financing product. We offer training and support to help you get the most out of our product in terms of utilizing all its features.
With all our product’s immense benefits, what’s holding you back from starting today? Head over to our website today and request a demo.
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