Paperless Payroll: Discover The Benefits for Your Business

Prior to Internet payroll solutions, companies finished their payrolls off with pencil, paper, and the might of a well-trained accountant’s eye. This soon evolved into Excel spreadsheets, which eventually migrated from desktop to online. To this day, HR branches around the country still spend hours manually processing payroll and cutting paper checks. 

Which is cute and unexpectedly antiquated, but also leaves companies vulnerable to payroll mistakes, leaving them responsible for adjusting paychecks and other miscellaneous errors. 

Now, though, technology has made it so that companies can automate these time-consuming payroll procedures.

Paperless Payroll

Making the switch to paperless payroll can seem like a daunting task, particularly if you’ve always processed payroll by hand.  When you realize the benefits of switching to paperless payroll, the choice is a no-brainer. Here are a few reasons why your company must make the change to paperless citizenship:

24/7 Employee Access

Employees can enjoy 24/7 access to their pay information. Self-service portals allow for communication between companies and employees. 

Saving Money

The money and time saved from removing paper check prices are substantial.  The typical operations cost of paper checks is $24,450, annually, in terms of labor, materials, fees, and stamps. Go paperless, and you can save yourself and your company unnecessary expenses and time.

Removing Clutter

Removing paper-based payrolls from your business saves you the headache of organizing and locating actual reports for an audit. An online platform manages your payroll processing, allowing simple access to real-time analytics dashboards.

Paperless Payroll: The Way Of The Future

It’s no secret that paperless payroll is an important part of streamlining the whole payroll procedure.  Now more than ever, organizations are removing the supply of paper reports, direct deposit coupons, and also checks.  Ditching a paper-based payroll process can help save you time, money, and physical distance, in addition to eliminating potential errors.  

Visit Vision HR today to find out more about our paperless payroll, payroll packages, and other human resource services, today!