The most predictable reaction we hear when demonstrating People Savvy HCM’s automated payroll solution to companies who currently use a payroll processor like ADP or Paychex is this: “Wait what? You want me to process my own payroll?
But here’s a little secret that those payroll processors don’t want you to think too much about: You’re already doing almost all of the work with every payroll you process. You are likely already…
- …verifying that employee time is submitted correctly and completely so that it can be paid accurately according to your company’s pay rules.
- …reviewing changes to deductions and earnings to validate that everything is being applied appropriately.
- …checking accrual balances and spot checking time off usage.
- …generating summary reports to confirm that calculations in employee pay statements across the organization appear error-free.
So what exactly is your payroll processor doing? Typically, they…
- …enforce early deadlines for getting all the above work done (and penalize you with fees when you don’t comply).
- …draft your bank account for payroll funds (and hold on to your money for several days).
- …initiate direct deposit transactions and print your paychecks (and probably charge to ship them to you…plus a premium for corrections).
In a sense, you’re paying them to work for them. They get all the benefit, and you get all the frustration.
People Savvy HCM’s automated payroll solution makes all the work you’re already doing simple, with step-by-step checklists to guide you through payroll and intelligent alerts to let you know when something needs your attention. You print your own paychecks with the click of a button and generate the direct deposit transactions easily and quickly. That means that you stay in control of your money and process payroll according to your schedule.
When you need help, a friendly person who you already know, and who already knows your account, is just a phone call away. No call center. No automated phone menus. You can even email our experts directly.
But what about taxes? I’m not doing my own taxes.
Don’t worry. You don’t have to. We partner with a tax processor who will take care of that for you if you prefer (and most of our clients do). As soon as you finalize each payroll, we transmit the information to the processor and they take care of all the filings. Then we work together with them at quarter and year end to make sure everything looks good, and we provide you with reconciliation reports to review.
So stop letting a payroll processor tell you when and how to do your company’s payroll. Let us show you a faster, easier, and more independent way to take complete control of your payroll.
If you’re ready to automating your payroll process with People Savvy HCM and the experts at Bennett/Porter, please reach out today!
Works Cited:
Internal Revenue Service (IRS). “Employer Compliance Penalties and Fines.” 2020.
Ernst & Young. “Automation in Payroll Management.” 2022.
American Payroll Association. “Impact of Payroll Delays on Employee Financial Stability.” 2021.
