What is Payroll Software?
Payroll software is an application used to manage, organize and automate the employee payment. The software tracks all payments and maintains all payment records. Payroll software varies in price and features and can be used by small business as well as large corporations.
Effective payroll software will allow management to monitor time and attendance, tax information and pay structure. The software will integrate easily into existing company procedures.
Payroll software is created by third party human resources technology companies that aims to enhance the operations of businesses that utilize their software.
Why Use Payroll Software?
Your employees work hard for you and for your customers. Let’s face it: your people keep your business running.
Of course, you want to pay your people their deserved wages, and you want to pay them on a consistent basis. But managing your workforce’s compensation isn’t always easy. In fact, sometimes it can be downright complicated.
That’s why many companies rely on payroll software, an on-premises or cloud-based system that helps ensure proper processing and payment of company payroll without problems. If you’re still completing your payroll by hand and/or on paper, you’re keeping yourself open to making costly mistakes. Investing in payroll software can save you time, stress, and, yes, even money.
UltiPro® is a flexible and functional cloud-based solution for managing your people’s pay. The comprehensive software is designed to handle complex payroll with efficiency. There’s even a Smart Tax Search tool to help simplify U.S. and Canadian tax codes depending on where staff members work and live.
UltiPro® also empowers your people with features such as direct access to payroll information, so they can check their pay stubs at any time, on the go, via smartphones and tablets. Employees can also use a paycheck calculator to anticipate take-home pay after taxes and deductions for benefits, 401(k), and other expenses.
More Payroll Software Resources
When it comes to payroll, UltiPro doesn’t stop there. View our HR Solutions page to discover how this powerful HR and payroll software can pay off for you and your people.
Long Form Glossary Topics
HR Software Solutions | HRM System / HRM Software | Human Resources Software | HR Solutions | HRIS | Payroll and HR Software | Payroll and HR Services | Payroll Software | Performance Management Software / Performance Management System | Talent Management System / Talent Management Software | Workforce Management | Technology for Managing Human Resources | Performance Management Process | Onboarding Software | Performance Management | Recruiting Software | Strategic Human Resource Management | Workforce Planning | Succession Management Software | Predictive Analytics for HR | Strategic Human Capital Management | Big Data | Workforce Analytics | Global Human Resource Management | HR Recertification Credits | SHRM Credits | HRPA Credits | HRCI Credits | APA Credits | HR Service Delivery | Employee Surveys | HR Robotic Process Automation | HR Case Management | HR Shared Services | Human Resources Document Management | HCM Magic Quadrant | HCM Gartner Magic Quadrant | Magic Quadrant for cloud HCM Suites for Midmarket and Large Enterprises | Employee Experience | What is HRMS | How Does ATS Help with Recruiting? | What is an Applicant Tracking System | What is Supplier Diversity | How to Manage a Remote Team | What is DIEB | What is Equity?