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ISSUE 4
Allocate Resources: Make sure internal resources are available to manage both ongoing payroll operations and transition activities. Review Compliance Status: Assess current compliance with regulatory, statutory, and data privacy requirements. Choose the Right Approach: Decide whether an outsourced or in-house solution is the best fit for your organization. How should you go about selecting your future payroll software and process When you have decided to go for a payroll transformation and have prepared yourself, the next key task ahead is to select software that will help you in this journey: SaaS is the way forward: Software as a Service is the way forward and you must take advantage of a true SaaS Payroll Software. Reduced Cost & Risk of Transition: Look for payroll platforms that can help you reduce the cost & time of implementation by bringing in automated implementation functionalities with pre-configured elements and reports. This also minimizes risks of transition by plugging in cracks that can occur during the transitions. Self-Reporting Tools: Prioritise Payroll platforms that bring strong reporting capabilities which allow customers to create reports independently, reducing technical dependence. Data Security and Privacy Compliance: Ensure that the Payroll
Platform you select can meet all current data privacy requirements and is configurable enough to address future possible changes. Seamless Integration with Ecosystem: Prioritise Payroll platforms that can co-exist & integrate with the HRIS, WFM, ERP systems. The platforms which bring pre-built integrations should get ahead in evaluations. Enhanced User Experience: Your new software should provide a world- class user experience for both payroll users and employees. Transitioning from a legacy payroll system is more than a technical upgrade for modern businesses as outdated systems can hinder efficiency, increase costs, and compromise compliance. By investing in a modern solution, organizations can streamline processes, improve data security, and enhance employee satisfaction.
Don’t let a legacy system hold your business back.
Author: Vikas Goel Vikas Goel is
Managing Director for Ramco Systems in the ANZ region. With over 2 decades
of strong market facing experience across Software Products & Services, Vikas has a strong focus on business growth and customer delight in the region. He is also passionate about improving “work-life” balance for the payroll professionals.
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