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There has been a paradigm shift in traditional payroll processes to the adoption of automatic web-based solutions for accessing and completing payroll services from anywhere and anytime. Automated payroll processing saves time and money, eliminating the delivery costs of paychecks and reports every month. It also curbs the chances of error occurring in the payment procedure.
The newer payroll solutions are embedded with numerous features such as job posting, applicant tracking, payroll services, payroll tax management, and time & attendance that interface easily with ERP platforms. This allows organizations to directly deposit employee pay in their bank account, generate tax forms electronically, store and save W-2 forms electronically in order to save time and cost. Furthermore, the employee self-serve portal, a latest trend in payroll solutions allows employees to securely log on to a website to carry out the transactions.
In the current technological landscape, for organizations working with traditional payroll processes, there are numerous solution providers offering transformational end-to-end human capital management solutions that seamlessly compute and exchange data on a global scale.
In the last few months, a distinguished panel comprising of CEOs, CIOs, VCs, and analysts including HR Tech Outlook editorial board reviewed the top companies in the payroll space, and shortlisted the ones that are at the forefront of tackling industry challenges. The companies featured in this issue offer comprehensive payroll and human resource management solutions that are cost effective and easily scalable.
We present to you HR Tech Outlook’s “Top 10 Payroll Solution Providers 2015.”
