But now, with platforms like Preceda and MYOB Exo payroll reaching the end of their service life, you’re faced with a decision—one that may feel daunting yet filled with opportunity.
Payroll management is no easy task. Each pay cycle brings a maze of regulations, calculations, and compliance demands. With constant legislative changes, the complexity grows. However, this challenge is also an opportunity to adopt a solution that simplifies the everyday, boosts efficiency, and sets your business up for future success.
Yes, transitioning to a new system can seem overwhelming but with the right guidance and a clear plan, the shift can be seamless and even empowering, setting you up to support your business’s future.
Data security: Deloitte reports that 58% of businesses are concerned about meeting regulations and protecting sensitive data, underscoring the need for robust systems with regular updates to address digital threats and evolving standards.
Enhanced efficiency: Outdated systems can be slow and may require frequent manual input, which increases the risk of errors. In contrast, updated payroll software can save up to 70% of manual entry time by automating calculations, tax updates, and reporting.
Employee satisfaction: Mistakes can erode employee trust and cause employee dissatisfaction. In a survey by the Australian Payroll Association, 29% of employees reported experiencing pay issues at least once a year. A reliable system with fewer errors builds confidence that they’ll be paid correctly and on time.
Scalability for business growth: As your business thrives, your needs may outgrow your system. Scalable payroll ensures you can handle more employees, complex pay structures, and any compliance changes with ease.
High error rates: If you’re seeing an increase in incorrect tax deductions or miscalculated superannuation, it could be due to the limitations of an outdated system. Not only can these mistakes be time-consuming to correct but they can also lead to potential fines.
Limited reporting capabilities: Payroll data is a powerful asset for tracking labour costs, monitoring overtime, and planning budgets. Without comprehensive payroll reporting, you may lack insight into how payroll impacts your bottom line. Modern systems provide on-demand reports that can be easily customised to help you make data-driven decisions.
Difficulty managing payroll compliance: Non-compliance poses real risks, including financial penalties and reputational damage. Warning signs include pay complaints and increased audit scrutiny.
Inefficiency and manual input: Outdated systems often mean manual data entry, double-checking, and tracking regulations. If your team is spending more time on payroll than on strategic activities, a new system could be a worthwhile investment.
Scaling challenges: As your business grows, demands change. If your current system doesn’t support growth, you may find it difficult to add new employees, manage new pay structures, or integrate with other software.
Managing payroll isn’t just about having the right software—it’s about having the right support. You need a partner who understands your unique challenges and simplifies the complexities. The right payroll service provider doesn’t just bring expertise; they deliver peace of mind, transforming outsourcing into a strategic opportunity for growth.
Comprehensive, flexible software: Scales with your business, adapting to your needs. Powerful reporting tools provide real-time insights into costs and trends, empowering you to make informed decisions.
Local expertise: Our teams in Australia and New Zealand stay updated on regulatory changes, proactively alerting you to shifts in tax laws, superannuation, or industry regulations, ensuring compliance so you can focus on growing your business.
Seamless transition: Migrating to a new system doesn’t have to be overwhelming. Findex manages everything—from data migration and system testing to training—ensuring a smooth, disruption-free switch.
End-to-end management and ongoing support: We offer a fully managed service, covering system implementation, ongoing processing, compliance checks, and reporting. Our support team is always available for troubleshooting and regular updates.
Tailored solutions: Whether you're a small business or large enterprise, we customise solutions to fit your needs, offering industry-specific features, system integration, and real-time reporting aligned with your goals.
Simplified compliance: Our team keeps you ahead of evolving regulations, ensuring your system stays secure and compliant. With Findex, you benefit from a proactive approach that handles compliance every step of the way.
Businesses that switch to managed payroll often experience:
40-60% reduction in processing time: Studies from ADP and Deloitte show outsourcing can cut processing time by up to 60%, freeing up resources for more strategic HR tasks.
85% lower error rates: With automated systems and expert oversight, error rates drop significantly, improving employee satisfaction and ensuring compliance.
Compliance confidence: Findex’s dedicated compliance team helps ensure businesses stay updated on legislative changes. With the confidence that your payroll meets current standards, you gain peace of mind.
With our managed payroll services, your system becomes an asset rather than an obligation. By partnering with us, you benefit from a seamless transition, dedicated support, and a system built to support your growth.
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