A decade ago the ‘cloud’ was something you saw in the sky before it started to rain, but these days it has a very different meaning.
When it comes to technology, the cloud is something that millions of people around the world have embraced. Your emails, photos, music and documents can all be stored in the cloud – ensuring you don’t lose vital items if your computer crashes and saving you valuable disk space.
The cloud is simple, effective and often much cheaper than other storage options.
It makes sense, then, that even payroll has embraced the cloud. Gone are the days of heavy programs needing to be downloaded, and computer problems causing a delay to payroll and accounting operations.
Cloud payroll is a game changer, and can be a potential life saver for your business.
It allows quick and effective payroll solutions, and generally you have access to the latest upgrades which means you’re using the most up to date version of the product without having to fork out cash for new versions and software.
But probably the best thing about using cloud-based payroll is the accessibility. If your business shuts down over Christmas, having cloud-based payroll means you can logon from home (or from the beach on your holiday) and undertake payroll for your employees.
Plus, if your office is closed for whatever reason – or there’s a power or Internet problem on crucial payroll days – you can simply logon from elsewhere and complete your payroll requirements.
Cloud payroll also makes it much easier to combine various elements of payroll such as leave accruals, superannuation and payroll.
Most cloud-based payroll systems allow phone and tablet access too, making it even easier to manage your payroll and address any issues.
There is no doubt that payroll can be a very time-consuming part of any business, and anyone who has been involved in the corporate world will tell you it can also be very tricky especially when unusual situations arise.
Thankfully, cloud-based payroll cuts time out of the week so your accounts team can handle other important things.
Safe, reliable and quick – there’s really very few cons to going with a cloud-based system.
To receive further information about how cloud payroll works, take advantage of the knowledge and expertise that we at i3 Group are able to offer by giving us a call today on 1300 725 647.