These days, businesses are finding that they need to do more with less, which means that many of them are taking another look at their payroll software solutions. For the uninitiated, this process of switching payroll software providers can seem overly complex and expensive, but if you examine your current provider more closely, you’ll see that there are many compelling reasons why you should change payroll software providers. Here are five of the top reasons why you should change your payroll software provider as soon as possible!
1) Finding better value
It’s likely that you’re paying too much for software and technology. While it can be difficult to track how much (and where) companies spend on business technology, we do know that companies overspend to acquire and maintain these solutions. When deciding whether or not to keep a service or system, first look at what others are paying for it—if you’re paying significantly more than average, it may be time to consider a switch. In addition, don’t forget to take into account other factors such as staffing needs and long-term costs. Sometimes switching is less expensive in the long run.
2) Improved speed and ease of use
Payroll companies take care of all of the complicated, time-consuming administrative processes around monthly wage and salary payments—which is great news for business owners. If you use a payroll company to run paychecks, it’s easier than ever to keep track of how much employees earn and what taxes and benefits they’re owed. Rather than wasting hours each month filling out and filing employee pay stubs manually, these details can be taken care of by a professional payroll service at a fraction of your time and cost. The days of spending an entire Sunday afternoon calculating checks are over. But make sure to check out pricing before switching providers—you don’t want your new system costing more than it has to!
3) Higher-quality customer service
In addition to offering high-quality products, our new payroll software service is backed by a superb customer support team. Our friendly and professional customer support representatives are available around-the-clock to ensure that all of your questions and concerns are addressed immediately. If a query arises on a weekend or holiday, our representatives will return messages within 24 hours or less, with many queries resolved within one hour. With other providers, it can sometimes take days for an inquiry to be answered—or even longer if it’s a holiday.
4) Better updates and features
As time goes on, your business grows and changes, but that doesn’t mean that software you rely on to run it has to stay stagnant. While it may be easier (and cheaper) to stick with what works for now, your business will benefit in many ways from changing to a new platform. That could mean better access to features like analytics or more up-to-date security features; it might even mean gaining access to new integration options with other systems like inventory management. Whatever they are, these potential benefits are something well worth considering as you weigh switching payroll providers against sticking with what’s familiar.
5) Financial stability and trustworthiness
Every business owner is looking for a way to run his or her company more efficiently. One of those ways is to hire people who are capable of managing tasks so that they can save time and energy for other concerns. A reliable, trustworthy payroll service will help employers know their employees’ pay without having to spend time checking on it. The peace of mind that comes with knowing that employees have been paid on time will not only save money but also build trust among both employers and workers. If they have complete faith in their company’s ability to deliver accurate and timely payment, employees will be willing to work harder and contribute more.
If we really want to take a look at our business and see where we can improve and reduce costs in an effort to increase profitability, there is no better place to start than with our core business processes. Payroll is one of those essential pieces of technology that every business needs but it doesn’t always receive priority for budget allocation or upgrading. This list covers five key points about why you might want to consider switching your payroll solution and how it will save money, time, and provide a superior experience for employees and managers alike. The bottom line is that if we want to survive in an increasingly competitive market then we need to try new things; we need to take chances.