Workforce management software (WFM) is a type of enterprise resource planning (ERP) software that manages an organisation’s human resources. It provides an all-in-one platform for managing and automating everything from staff scheduling to administration tasks.
With the proper payroll integrations, your WFM platform can also optimise and automate your organisation’s payroll process.
1. Reduce Payroll Processing Time
Payroll processing is one of the most time-consuming and tedious tasks for businesses. Because payroll is one of a company’s largest and most complex expenses, getting it right requires significant time and attention to detail.
Automating your payroll processing through WFM integrations is a fantastic way to save time and money. You’ll no longer need to worry about the tedious tasks of calculating taxes or dealing with government regulations. Your employees will also receive their pay checks faster and more reliably, boosting their satisfaction and productivity.
Some steps you can automate with the software include:
- Recording time and attendance
- Calculating wages and deductions
- Paying employees via cheque or direct deposit
- Handling taxes
- Taking care of compliance
- Identifying payroll processing trends and changes
- Staying up to date with local requirements and laws
Even small businesses can benefit from adding payroll integrations to their workforce management software. Remember—it’s not about the number of employees you have, but more about complexity. For example, if your business has a handful of employees but one or two go on maternity leave, the software can eliminate interruptions and keep payroll running smoothly.
2. Minimise Human Error
Because payroll processing requires a lot of data entry, calculation, and attention to detail, errors are common. It’s difficult for humans to do this work accurately or quickly enough—especially when they’re doing it manually!
Payroll automation software minimises this issue by using machine learning to calculate taxes, enter data, and complete tasks quicker than any human could. The software can also ensure your organisation remains within compliance in terms of sick leave, vacation leave, and other employee entitlements.
3. Focus on Building your Business
Because automated payroll processing significantly reduces time spent and the risk of human error, it leaves space for you to focus on other important areas of your business.
These areas could include expanding your business operations, improving customer relationships, or researching new services and products.
4. Make Improvements Based on Real-time Insights
With payroll integrations, workforce management software can deliver critical real-time insights about your organisation. These insights can help you quickly and easily identify areas for improvement.
Some key insights to keep an eye on include:
- Overtime loadings
- Vacation and sick pay
- Maternity leave and disability
- Tax and super
- Compliance issues
Boost Your Business With WFM Payroll Integrations
Let’s quickly sum up. Integrating automated payroll processing into your workforce management software is a powerful way to reduce processing times, minimise human error, and allow yourself more time to focus on building your customer base.
If you have any questions about payroll integrations or would like to get started with automated workforce management, get in touch with the friendly team at Humanforce today.