Businesses are faced with so much competition.
The pace at which competition is trying to outdo everyone else increases at a considerable rate.
With almost everyone going for automation and digitization, it has become even more challenging for companies to have a competitive edge.
To survive in a digitized environment, today’s modern world demands speed, efficiency, productivity, and effectiveness in the workplace.
That is why it can be extremely helpful for a company to use software systems that can automate some of the more time-consuming tasks like payroll.
Payroll involves a lot of data and information and doing manual payroll is impractical.
The time spent in doing manual payroll is simply time wasted and costs the company a whole lot of money.
Gravity Flow calculates that an hour wasted per employee amounts to USD 3,750 every year.
That’s about PHP210,000 per year. For a small business of 50 employees in the Philippines, that translates to roughly PHP 10.5 million a year.
For a medium enterprise of 100 employees, that’s about PHP 21 million in a year wasted!
Hence, ditch manual payroll and implement a cloud payroll system in the Philippines.
It will help you save millions of pesos per year!
And as a bonus, it can also make life much easier for companies and employees alike.
Why should we use a cloud payroll system?
The cloud payroll system is a major step that will streamline your business.
This will certainly save you time and money so you can focus on more important things like strategizing and promoting employee growth and development.
Traditional manual payroll processes are tedious, repetitive, boring, and prone to errors.
Most of all it’s tough to compete in the global marketplace.
While you are still doing manual payroll, the competition has already stayed in the cloud and is way ahead in the game.
Why not go for the all-new and winning payroll system in the Philippines?
Here are some of the benefits of a cloud payroll system in the Philippines:
1. Produces Efficient Results
Keeping records of employee information can be a major challenge.
Because of too much information and the manual process involved, human errors are inevitable in such complicated and lengthy tasks.
However, a winning payroll system is cloud-based and is highly automated, and proficient, producing efficient results
A Cloud payroll in the Philippines saves time, provides accurate results, and delegates work evenly, thereby increasing productivity and efficiency.
2. Updates in Real-time
Is the data updated? Can they be accessed at any time?
Are your employees able to deliver their reports on time?
Chances are, their reports are incomplete because data is not updated.
At the same time, there can be missing files and some duplicated numbers that can cause major miscalculations.
A cloud payroll is reliable and is able to deliver correct and real-time data with accurate and error-free updates.
3. Enhances Transparency
In HR and accounting where payroll and other HR-related work is done, transparency is important.
A good company promotes teamwork, fairness, good working relationships, and transparency.
4. Looks out for Security and Safety
Manual payroll systems of the past were not secure enough.
It necessitated regular security checks.
This could make the employees involved feel their integrity is in question.
This impacts the sense of harmony and belongingness among the members of the payroll department.
With the cloud payroll system in the Philippines, everything is secure.
It can help eliminate biased practices and reinforce honesty and integrity.
Every business has to store critical information.
A cloud payroll system is a definitely safe place for storage.
Payroll and employee records deal with very sensitive information and the company has a great responsibility to ensure the protection of these records.
Theft, pilferage, and other dishonest means to manage data can no longer be done, thanks to the power of the cloud.
Physical storage of thick bundles of paperwork and archiving these records were prone to all sorts of physical and even water damage. And theft.
But using a cloud payroll system in the Philippines keeps everything under wraps, and safe.
Back-up of data is automatic.
5. Integrates Smartly and Seamlessly
There is an ease of integration when it comes to using a cloud payroll system.
The cloud payroll system can be linked with other software or applications to avoid redundancy.
By implementing seamless and smart integrations such as this, you’ll be able to cut operational costs and save time for each department.
Find out more on how to determine a winning payroll system for your company.
EasyHR has an amazing cloud payroll system that can turn the tables around and make your payroll a winner!
EasyHR has the following features that can serve as your checklist :
- Multiple branches friendly
Book a demo now.
Visit https://human-incubator.com/easy-hr/
