Written by Maggie Gavigan
Regardless of your department or industry, any working professional can agree that payroll is not the place to make errors. According to a survey from The Workforce Institute, 49 percent of U.S. workers will start looking for a new job after experiencing only two problems with their paycheck. Performing payroll manually is risky as it is filled with inaccuracies, headaches, and inefficiencies.
At RJ Reliance, we have the solution: automation. Our Virtual Practitioner Service alleviates the pain of time-consuming, repetitive processes. Additionally, automating payroll eliminates human-made errors and frees up time for your payroll employees to dedicate to higher-level procedures. Here are seven ways to cut costs, save time, and promote your payroll team through automation.
Our Virtual Practitioner will automatically pull employee hours and salary information to generate and submit payroll for the period. All pay run actions – from start to finish – will be performed in the background while you devote your time and energy elsewhere.
Through the power of automation, alerts will immediately inform you of any changes in important employee data. Notification routing of missing employee information will fix any defects and maximize your overall payroll accuracy.
Automation technology will mitigate errors in benefits processing and payout. Our solutions allow you to ensure that employees always receive up-to-date benefit payouts as different caps are met or as plans change.
RJ Reliance’s Virtual Practitioner will audit between your payroll and core systems, ensuring that all your data is consistent and readily available. Automated reporting eliminates human error and reduces the need for additional keystrokes. By providing your company with a single source of truth across all departments, you will be confident in your data integrity.
Tax rules and regulations are continually changing, and it can be challenging to keep up. Payroll software allows for automated filings of federal, state, and local taxes –– all logged and prepared to be stored safely in case of an audit.
Let's say one of your employees experiences a pay change that affects prior periods. Payroll automation can calculate and post adjustments relative to retroactive payroll change, modifying the employee's next paycheck accordingly.
Simplify your employee termination checklist and ensure that final payments go smoothly. Virtual Practitioner will properly reconcile any outstanding expenses owed to an employee for their final payroll and remove them from the automatic payment system.
RJ Reliance's Virtual Practitioner will reduce your payroll process from days to just hours, affording your staff the time to focus on strategy, compliance, and other operations. With less time spent on mundane tasks, you can fine-tune, train, and enhance your payroll team to develop more specialized skills. Interested in learning more about how RJ Reliance can automate your payroll process? Reach out today to connect with our experts.