Payroll is probably the most important and ubiquitous business function: everyone gets paid, and it is one of the largest expenses for companies, averaging about more than 60% or business costs.
The function of a payroll system is simple: employees are paid precisely and on time, but the reality is more complex. Fortunately, payroll accounting is the most important human resource function that has been fully automated, and human resource departments are more efficient, accurate, and cost-effective than before. Payroll is one of the most important aspects of human resources management, but not the only aspect of human resources that is automated.
It is a boon for workers, but also a burden, especially for those who work in low-paid jobs with limited hours and access to health insurance. On a weekly or bi-weekly basis, entrepreneurs and their accountants must fill in government forms, fill out spreadsheets. Perform calculations, write checks for various taxes and payments, deposit payments into different accounts, and perform calculations. As if that were not troublesome and stressful enough, possible legal consequences must be considered in the event of late payroll accounting or incorrect calculation. Not surprisingly, many companies choose to use computer software to collect and aggregate wage data, rather than to commission other companies to process it.
This is a business process that requires a fundamental overhaul of the entire IT system, and the software will not be affordable for small and medium-sized enterprises. Several software service providers now offer companies web-based cloud computing options, such as Amazon Web Services (AWS) and Microsoft Azure. Many professional service companies that offer consulting contracts for human resources also have the ability to implement cost-effective IT solutions. Many personnel and financial automation systems can be easily integrated into an existing IT infrastructure. This means that IT wage and personnel support is supported by an equivalent provider at a fraction of the cost of a traditional IT service provider.
Alternatively, companies can explore the possibility of cloud migration from a traditional IT infrastructure to a new cloud infrastructure. Although this is a significant internal change, cloud migrations can save businesses money and enable them to adapt to new technologies. Gleematic brings innovation and scalability to modern human resources automation. We believe that our customers, employees and partners deserve simple - and easy to use - human resources management, with the best automation services and tailored support.