Company owners have several choices when it comes to payroll software. In the past, on-premises software was the most popular option. However, cloud-based payroll software is becoming increasingly popular due to its many advantages.
In this blog post, we will discuss why companies are choosing cloud-based payroll systems over other options.
Limitations of Legacy Payroll Software
One of the main reasons companies are switching to cloud-based payroll software is the limitations of legacy payroll systems. On-premises software is expensive and requires a lot of maintenance. It is also difficult to scale and upgrade. Furthermore, on-premises software is not as secure as cloud-based solutions since it can be more easily hacked.
The other limitations include:
On-premises software can be challenging to use and maintain, especially for small businesses that do not have the resources to hire IT staff. It also requires a lot of training for employees. Conversely, self-service payroll features in cloud-based software enable employees to directly access and manage their payroll information, such as viewing and updating personal details, accessing pay stubs, and submitting leave requests, saving time and streamlining the payroll process for small businesses without dedicated IT staff.
On-premises software can be inefficient since it is not updated as often as cloud-based solutions. It can lead to errors, delays in processing payroll, and statutory complications.
On-premises software is not designed for mobile devices, making it difficult for employees to access their information when away from their desks. It would result in the employees having to wait for any information, leading to reduced engagement with the company.
On-premises software can be inflexible, making it challenging to customize for your specific needs. This rigidity could also result in smaller companies paying extra for features that they do not require.
Deploying a Cloud-based Payroll Software
Cloud-based payroll software is a better option for companies, especially small businesses. The main reason is that it is much easier to deploy and use. There is no need to install any software or hardware. All you need is an internet connection. Cloud-based payroll systems are also more secure since they are hosted in the cloud. It means that your data is stored off-site and is less likely to be hacked.
Another advantage of cloud-based payroll systems is that they are more flexible. They can be easily customized to fit your specific needs. Additionally, cloud-based payroll systems are mobile-friendly so that employees can access their information from any device.
Deploying a cloud-based payroll system is the best option for companies. It is easier to use, more secure, and more flexible. If you are looking for a new payroll system, consider a cloud-based solution.
Benefits of Online Payroll System
There are many advantages of cloud-based payroll software. First, it is much more affordable than on-premises solutions. It is also easier to scale and upgrade. Additionally, cloud-based solutions are more secure since they are less likely to be hacked. Finally, cloud-based payroll software is more flexible and can be customized to fit your specific needs.
Some significant benefits include:
Ease of Usage
Cloud-based payroll software is easy to use, especially for small businesses that do not have the resources to hire IT staff.
Cloud-based payroll software is designed for mobile devices, making it easy for employees to access their information when away from their desks.
Cloud-based payroll software is flexible, making it easy to customize for your specific needs. This flexibility ensures that you pay for only the features you require and add more as our requirements increase as per company growth.
Cloud-based payroll software is more affordable than on-premises solutions since it requires no investment in either hardware or software. Additionally, there are no maintenance charges since the software vendor maintains it.
Cloud-based payroll software is more secure since it is less likely to be hacked as the software vendors use good encryption standards. Since the vendors are responsible for the companies' data security using their software, they take extra precautions to secure their databases.
Cloud-based payroll software is the best option for companies. It is easier to use, more affordable, and more flexible. If you are looking for a new payroll system, consider a cloud-based solution.
It is easier to use, more affordable, and more flexible. If you are looking for a new payroll system, consider a cloud-based solution.
John Paul Davis is a content writer with Pocket HRMS, an innovative AI-driven cloud-based HR software provider in India with over a decade of loyal clientele. His handiwork usually reflects the latest technologies in the HR domain.