Transform your Business with the Power of Cloud Payroll

Keeping up with the dynamics of modern-day HR operations is not an easy job especially when you have to not only deal with employee expectations but also the Australian tax laws and regulatory changes. Therefore, what any Australian enterprise needs is the power of an advanced cloud payroll software. Using the payroll services from a leading solutions provider, you can fulfil your promise of paying your employees the right salary at the right time, across geographical locations, seamlessly.

Through a holistic cloud payroll solution, you get a single-window management option for all your HR functions including the Core HR functions as well as time and attendance management as well as payroll compliance. Using online payroll services, you can ensure that your HR team is adequately empowered to achieve their objectives.

The cloud payroll software can be easily deployed online, on-premises, in a hybrid model or you can even subscribe to it as a managed service from a reputed payroll services provider. Here are some of the functions that such a software can perform:

• Generation of online payslips
• Automated tax calculations
• Compliance with STP rules (should also be compatible with the upcoming STP 2 standards)
• Ability to create rules based on modern awards or Enterprise Bargaining Agreements (EBA)
• Holistic cloud integration
• Dynamic scalability
• Round the clock tech support from a locally based team
• The software should be ATO certified
• Superannuation processing
• Parallel testing
• Transfer of current payroll and staff data
• Regular updates to dynamically stay in line with local regulations
• Global integration of multi-country payroll

A world-class cloud payroll software must have the following features that enable it to perform the above mentioned as well as various other tasks that help in streamlining and accurately executing your payroll services.

• Automated help desk powered by chatbots: One of the most important functions of payroll services is to ensure round the clock employee access to the helpdesk. Thus, a cloud payroll system will have an integrated AI chatbot to respond to routine employee queries on topics such as leaves, expenses, approvals, etc.
• Automation of payroll: The cloud payroll system should be ideally powered by Artificial Intelligence that will automate all payroll services to ensure that the payroll processing is error-free and accurate.
• Employee self-service: The cloud payroll system eliminates the need for the employees to contact the HR personnel for all their routine needs. It offers the employees access to a self-service portal which offers Voice, BOT, Mail, and Mobile support to enable them to process queries, service requests, SPOC instructions for prompt resolution, anytime, anywhere.
• Integrated Analytics: One of the biggest features of any cloud payroll solution is the integrated AI analytics which helps in generating powerful insights from the employee data. This leads to the enhancement of employee satisfaction and improvement of the overall payroll process.
• Specific dashboards: Cloud payroll offers great flexibility of role-based dashboard access to different employees so that they can get better insights and also make informed decisions.
• 3^rd party integrations: Unlike the legacy payroll services that suffer from incompatibility issues, a cloud payroll solution comes with pre-built integrations with other leading HR/ERP systems for a seamless transfer of data and records.

Another important thing to keep in mind while selecting your payroll services provider is that they have to offer the most advanced cloud infrastructure and should be vastly experienced in the management of cloud payroll operations for enterprise-level Australian companies.