Availability of hundreds of payroll software makes decision making difficult. But, finding one that matches your distinct requirements of your organization can be be extremely demanding. You have a choice of buying the payroll software outright or you can go for SaaS payroll (Software as Service).
Sharing Information: Processing payroll is just the beginning. Important thing is how easy and secure is i to share the Payroll information with others, such as your employees and legal authorities. Online payroll gives you secured access any where any time over Internet. Hence making information sharing secured and easy.
Cost: One of the important elements that a small to medium-sized enterprise should look for is the complete cost of purchasing the software. The advantages or money saving should be more that you are willing to spend on the application. Cloud payroll or Online Payroll can help you significantly cut your CAPEX and minimize your OPEX.
Legal Requirements: Payroll software should be able to meet your legal requirements. The payroll software should be able to perform all the required calculations for the local taxes and generate reports that needs to be submitted to the local authorities. Cloud payroll are easy to update as and when there are changes in the legal requirements.
Customer support: before you finalize any payroll software, you have to make sure that the vendor provides excellent customer support. Online payroll requires less support as they are used over browser lot of issues that are related to installation and updates are avoided.
Existing customer feedback: Please take the list of customers from the vendor and speak to them to know about the credibility of the vendor and service. This will help you understand what you can expect in future from the vendor.
These few above mentioned points will help you to decide which payroll software you can go for.