For any company, human resources are one of their most valuable assets. For this reason it is essential that sufficient focus is given to the selection of a reputable software supplier.
Payroll solutions are extremely intricate and it is critical that the supplier you choose can not only prove their position in the market place but are financially viable and able to provide outstanding references. It is not sufficient to choose a supplier purely on the basis of existing relationship.
Software Accreditation
Make certain that the software is accredited under the HRMC Payroll Standard Accreditation Scheme. The scheme is update regularly and all software that is accredited is checked annually to ensure that it continues to comply with currentl legislation. The scheme handles accreditation in:
Calculation of tax and National Insurance contributions
Electronic exchange of HMRC returns and payments
Customer service
Handling of statutory records and deductions
The HMRC website gives more information about the Payroll Standard Accreditation Scheme.
Integration
Human Resource Management is about more than just payroll so today, most of the better payroll software application integrate with modules that handle:
Time and attendance
Appraisals
Training
In addition, your payroll software should integrate seamlessly with your business accounting package.
Electronic Filing
Electronic filing of HMRC returns and payments facilitates saving time and effort. Try to find a supplier that allows electronic filing for all forms that can be filed electronically. Currently the HMRC are giving financial incentives for electronic filing so you need a payroll system that handles electronic submissions to benefit from these incentives.
Software Updates
Most suppliers will charge an annual subscription or support fee for updates on rates and legislation charges. Check how much these costs will be. In addition, find out how updates will be made available to you and how often.
Support
Excellent support is an essential requirement for any payroll application because of its critical nature. If you have a problem on payday then you need a resolution immediately. Check on the support response times with your supplier and the levels of support offered.
Bearing these important factors in mind when youre choosing a payroll software supplier should help ensure that your payroll installation will run effectively and efficiently allowing you to focus on running your business.
Miracle Dynamics are leading providers of Microsoft Dynamics based payroll and HRM solutions.
http://www.miracle-dynamics.com
