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Friday 15 Apr 2016

Why Businesses Should Invest in a Payroll Software in Dubai

Nowadays, it is not unusual for businesses to invest in and use payroll software, especially now that businesses understand the many advantages of the application. This clearly shows that with the advent of various programs and advanced tools in the business world, it is only sensible for firms to leverage these helpful innovations to improve business efficiency and productivity, as well as cutting costs. So, without further ado, let’s look at 5 reasons why businesses should consider investing in payroll software in Dubai.

  • Minimizes Operational Costs – Inexpensive

Payroll can be time-consuming and cost-intensive, particularly if there are errors in the process. Why not find a permanent solution to cut costs and invest in payroll software? These automatic tools can do the entire payroll quicker and with no mistakes, as they are designed for this specific purpose. This proves cost-effective, allowing businesses to cut costs without compromising on efficiency even slightly.

  • Helps Save Time – Time Conservative

Time is money, especially for businesses in the service sector. Therefore, there is no doubt the more time you have, the better. Keeping this in mind, you must avoid potentially time wasting activities. One of these is manual payroll. Use payroll software like the one offered by MenaITech, which helps manage your employees’ salaries, track their performance, and monitor daily attendance automatically.

  • Keeps Data Accurate – Safe Records

There is always the risk of human error in processes which are handled manually. When it comes to payroll, the risk is greater if it is complied manually and your business employs a huge number of employees. If you want to keep your data accurate and records safe, investing in payroll software is the best option. With a good software (like MenaITech), you can guarantee all computations are accurate, reducing the risk of employees complaining about their paychecks.

  • Error Free – No Risks, No Stress 

Automated payroll software in Dubai ensures all numbers are properly calculated and employees are paid their proper amounts by assessing each day’s performance. This software guarantees all regulations and laws regarding payroll are followed strictly, while constantly comparing data with the most current information.

  • Easy Organizing

Last, but not the least, payroll software makes it easier to organize payroll information. All your records can be accessed and organized easily and you don’t have to deal with piles of folders and papers to find what you are looking for.

Features to Look for in Payroll Software

Managing payroll is among the toughest tasks businesses undertake. It can take up a lot of time and a single error could mean doing it again. This is why many companies are now ditching the time-consuming manual payroll process in favor of an effective software application. Payroll software in Dubai can be used to track the payroll for all employees in your organization. However, before you buy payroll software, check for the following features:

  • Deduction Support

Assessing and calculating deductions are vital payroll functions that cannot be overlooked. Look for a product that allows deductions for deferred compensation plans, union dues, health plans, and other requirements. Bear in mind that if your business has any unique deduction needs, the software must provide support to accommodate extra deduction functions, without incurring any added expenses.

  • Delivery Mode

Make sure the payroll software in Dubai you choose features SaaS capability and is fully tested for server usability, performance, and deployment. This way, you won’t have to invest in any new hardware to be able to use the software. Also, you can avoid the time it takes to download and install programs, as you can access it directly through the cloud. In simple words, don’t opt for software which isn’t available as SaaS.

  • Check Printing

This is a basic payroll function every software application should have. However, while this basic function is easy enough to use, it can be extremely difficult to fine-tune. Make sure the payroll software you choose is fully compatible with the forms and printers you plan on using it with. This way, paycheck printing will be a breeze, eliminating costly downtime.

  • Direct Deposit

Apart from issuing checks, many businesses deposit employee salaries and other payments directly into their bank accounts via direct deposit. This form of paying employees is less hectic and can be completed within a few hours. Even if your business isn’t using this option doesn’t mean you won’t require it in the future. When choosing payroll software, check whether or not it can be used for direct deposit.

  • Reporting

Look for a program that provides visibility and insight into the key operations of generating reports. The best applications track hours, holidays, benefits, and other reporting criteria. Good reporting increases the chances of payroll success and can also save you additional expenses which are usually a result of payroll errors.

In many respects, a payroll software application is only as good as its vendor. To ensure you get the best payroll system, contactMenaITech. They offer the best HR and payroll management solutions in the MENA Region.