• Measure overall ROI
• Seek further improvements to all your HR processes

Netchex provides that seamless experience through payroll technology. Payroll is the engine that runs and connects our entire suite of HR solutions. Our payroll software makes the administrative side of HR easier, smarter, and more efficient year-round—not just on payday.

What is payroll software?

Payroll technology manages all tasks associated with payroll from beginning to end. This ranges from calculating wages to filing payroll taxes. Business payroll software allows you to organize and simplify these complex processes to ensure an accurate and timely payroll.

The alternatives—manually running payroll in-house or relying on a jumble of disconnected software systems—are less than ideal ways to run payroll. Common objections with these methods typically include:

• Time-consuming, mundane processes
• Labor intensity for those running payroll
• ceptibility for making mistakes

Payroll software is a labor-saving solution to all of your payroll problems. By automating the necessary requirements for running payroll, you eliminate:

• The time commitment
• Manual efforts
• Inevitable errors

 

What are the benefits of payroll software?

1. Guarantees accurate payroll

Payroll errors can be costly, compliance isn’t optional, and underpaid employees will revolt. Software makes the payroll process consistent and precise. 

2. Ensures on-time payments

Just as important as accuracy, timeliness of payments is critical. Employees depend on their paychecks to be available on the expected day.

3. Saves time and money

With automation, your HR team has more time to focus on more people-specific projects. Additionally, payroll and tax mistakes can be costly to resolve.

4. Offers multiple payday options

Employees want more options than just paper checks and direct deposit. Payroll cards are a burgeoning alternative and another step towards a cashless world.

5. Simplifies taxes

Invest in a robust payroll processing software solution that you can trust to handle local, state, and federal taxes. Calculations and routine payments should be automatic.

6. Secures personal data

Data security is no joke. Payroll data includes sensitive personal and financial information, which your employees need to know if safe.

7. Integrates easily with other HR software

Payroll should be the gateway to all other HR software solutions—from timekeeping and benefits to onboarding and performance.

8. Increases employee engagement and productivity

Online payroll software enables employees to actively participate in the HR process. This typically includes:

• 24/7 access to pay stubs
• Tax forms

9. Improves data and reporting capabilities

 

What are the necessary features of payroll processing software?

While specific features can vary based on both user and provider, payroll technology should include most (if not all) of these essential functions.

• Accurately calculate wages earned for each employee
• Integrate seamlessly with time & attendance and other HR technology solutions
• Withhold taxes and other deductions from paychecks
• Deposit tax payments to the appropriate recipient on-time
• Pay employees accurately and on-time
• Enable beneficial payroll reports
• Facilitate easier new employee onboarding
• Protect sensitive employee data and financial information
• Empower employees with self-service functionality 

 

It is vital to match your organizational needs with the appropriate business payroll software. You also want to make sure that you are aware of all features available to you so that you can efficiently utilize them and maximize ROI.

• Netchex allows you to customize your experience to only the services that will make a positive impact on your company and boost engagement.
• Our sales process is personalized to tailor fit our HR solutions to your company’s needs.
• Our Client Success representatives ensure you are getting the most out of the Netchex system, including features that you might not know you have. 

Is payroll software easy to use?

New technology adoption among employees is often a major factor in the success of new HR software. Company-wide buy-in and implementation are key to any payroll technology system. Everyone has to use it—and use it effectively—for it to really work.

While aesthetic features like custom fonts and customizable color schemes won’t make a big difference for your business, these keys to technology adoption certainly will:

Quick and easy implementation

The implementation process needs to be streamlined to get your company up and running as soon as possible. Mutual cooperation between company and provider is critical. 

User experience

Payroll software programs should be designed with everyday employees in mind, making it easy for everyone to find exactly what they need, when they need it. A rollout plan must consist of:

• Training
• Documentation
• Personalized assistance.

Customer service

Helpful and proactive service makes a big difference for users of all levels. With expertise and continuous training, customer service reps are instrumental in helping clients learn the system and solve issues whenever they arise.

 

Can payroll technology help with taxes?

Taxes are a major responsibility and a huge lift on your company. It is also the part of the payroll process that is the most prone to mistakes, which can prove very costly. 

Employers have to withhold federal and state income tax from all employees’ taxable wages. Payroll software enables your company to file taxes automatically, ensuring everything is accurate and on time.

Employers have several mandatory tasks in handling payroll taxes. These often include:

• Figuring income tax withholdings and other employment taxes
• Depositing all employment taxes according to a set deposit schedule
• Reporting quarterly and/or annually on income tax withholdings, FICA, Social Security, and unemployment

 

Additional FAQs about payroll software