Businesses who used payroll outsourcing providers were historically extremely dependant on their service providers for everything. This was because the payroll outsource provider used to “hold all the cards”, meaning that they were the only party who had access to the payroll.
Cloud technology has changed all of that. If the payroll outsource service provider uses true cloud technology, it gives the customer direct access to live data and removes the dependency of the customer on the service provider, for things like generating reports or “slicing and dicing” payroll data. Businesses often analyse payroll data before important commercial decisions can be made.
Customers will typically have viewing rights only and will not be able to make any changes to the payroll. This will enable the payroll outsourcing service provider to still take full responsibility for the accuracy of the payroll.
If your payroll outsourcing provider does not give you this type of access, chances are very good that they don’t use a cloud payroll system and therefore aren’t able to provide this type of access. Cloud technology has undoubtedly been the biggest game changer in the payroll outsourcing industry over the last 4 decades.
If your business outsources its payroll, make sure that you also benefit from cloud.
Click here to see the full benefits of using a Cloud-based Payrolll Outsourcing provider.