Cloud Payroll in Dubai: Potentials and Pitfalls
With a plethora of IT vendors offering software as a service or solutions on-demand, accessing payroll automation on the cloud is soaring in popularity with large enterprises and is coming across as a highly viable option. Cloud Payroll in Dubai has become a fad that is making a gradual yet steady progress to uproot the more conventional brick and mortar payroll software deployment model. However, despite its phenomenal growth and popularity, cloud payroll systems are still in their infancy phase.
Thus any enterprise aspiring to leverage this contemporary deployment model for optimizing their payroll functions would fare better in adopting an open perspective about the true benefits of the solution. Here are a few benefits and caveats of Cloud Payroll in Dubai to help you decide whether the rewards that accompany switching to a cloud provider truly outweigh the risks involved:
This perk of an alleviated capital expenditure, be it as a supporting hardware or a license fee, renders this SaaS subscription model much popularity with organizations. While outsourcing vendors focus on their top-notch personal services, and on-premises providers tout their concern with security issues, cloud payroll can definitely offer cost savings. Indeed, the cost model of cloud payroll allows the software cost emphasis to shift from the capital to the operational, thus rendering the Payroll IT costs to become more predictable.
Apart from saving capital expenditure, enterprises that choose Cloud Payroll in Dubai are often on the lookout for flexibility. Indeed, as new technological possibilities, employee demands, and the compliance mandates evolve rapidly, a flexible payroll system that can handle a host of legislations, changing cycles, and multiple contracts is indispensable for organizations. With the development of incorporated packages that connect the payroll systems to time and attendance data, leave management, and scheduling, SaaS offers the same ease of connectivity as the on-promises systems, but without incurring the system management overheads.
When it comes to deciding on a new payroll software system for an organization, implementation time is one of the biggest factors to consider when realizing the ROI (return on investment). With the lack of a physical software or hardware needed to run the application, the cloud payroll systems can be installed much faster. In addition, the cutting edge cloud payroll solutions have more seamless updates, a better user experience, and practically cuts down the system leaning time to a bare minimum.
Reliability and Security
The benefits of SaaS payroll must be balanced with mounting challenges when it comes to data classification, encryption, authentication, access and identity management, and application security. When added to the SaaS challenge of sustaining 24/7 operability, the dual dilemmas of access and data protection must be considered by the enterprise, looking to incorporate cloud payroll strategy. Thus the vendor’s Downtime records, audit trail logs, Compliance records, Disaster recovery plans, Data governance structure, Data center operations, and Information security plan must be questioned.
The Stability of the Vendor
When it comes to the cloud payroll market, competition is stiff and is apt to soar with the coming years. SaaS payroll vendors have much challenges and risks to contend with, including maintaining security and data integrity, and creating sustainable revenue, which can pose great risks for their clients.