A Joined-up approach
Simon Fowler explains how integrated payroll, HR and finance systems can be of vital importance to medium and large-sized businesses which have complex needs.
Few payroll functions can operate without supportive software systems in place. Unsurprisingly, there is a vast array of solutions on the market which offer differing levels of payroll functionality. Some operate at a very basic level, providing specific, rigid and standalone functionality that may suit the needs of the small organisation. However, for medium and large-sized firms, the payroll software systems need to be able to support sometimes complex payroll requirements while delivering efficiencies and ensuring legislative compliance. A fully integrated payroll system is therefore key. In addition, for medium and large-sized organisations, it is important for the payroll system to integrate with other key business systems, especially HR and finance, so that a joined-up approach is achieved across the business.
