One of the greatest benefits for payroll management professionals is the vast array of powerful and comprehensive payroll software solutions available.
Whether cloud-based, or installed software, having the latest and best HR tools can make your payroll management and HR work far more efficient and manageable.
But how to choose which tools to use? What are considered the best, and what are other companies using?
We surveyed recent product reviews across a number of sources and came up with a list of the top five highest rated and most popular software tools currently on the market.
Most of the tools listed are designed for small to mid-sized businesses and prices vary significantly. However, an investment in a good suite of tools will pay huge dividends in time savings and efficiency for your HR department.
Five of the Best Payroll Software Solutions for Payroll Management
All of these programs are highly rated by both users and software reviewers. They are listed here in order of popularity as averaged over a variety of professionals reviews.
1. Accuchex Time2Pay. Time2Pay from Accuchex Corporation is a web-based payroll services application aimed at mid-sized companies. Time2Pay offers users a user convenient, independent platform tht will run on either Internet Explorer 4.0+ or Netscape Navigator 4.0+. Time2Pay is a full service payroll product that processes and delivers your payroll. It also handles all tax deposits and form filing. Time2Pay’s strongest feature has to be its reporting capabilities. The system currently provides users with over 50 standard reports. Just pick a report from the report list, and provide the specifics that you desire. For viewing PDF reports, you’ll need Adobe Acrobat 4.0, Ghostscript or Ghostview 5.0.
2. BambooHR. BambooHR is a complete, web-based Human Resource Information System (HRIS) that enables small and midsize businesses to standardize and automate their HR processing needs. BambooHR is an online HR software service for small and medium-sized businesses that makes it easy and affordable for small and growing companies to transition from spreadsheets to an HRIS that adapts to their changing needs. Clients can save time,too, using BambooHR's Applicant Tracking System (ATS) and HRIS to manage the employee life cycle.
What Makes the Best Payroll Software: Technology, Tools, and People
"Technology is nothing. What's important is that you have a faith in people, that they're basically good and smart, and if you give them tools, they'll do wonderful things with them."
- Steve Jobs
With the wide variety of tasks and accountabilities HR professionals are responsible for managing, having the best tools at their disposal becomes an ever-present concern. Programs evolve, technology changes, and what was purchased and installed three years ago, for example, may not be sufficient for today.
Companies also grow and evolve, and the needs and requirements of those companies change, as well. So one of the tasks of a proficient HR manager is to keep abreast of the latest trends and offerings in technology.
And while investing in the best available software for your HR functions is a viable option, another direction you can consider is outsourcing. This can be simply outsourcing one process such as payroll. However, with a full-service provider such as Accuchex, you have additional options for outsourcing as well.
Let Accuchex help you in managing your HR needs, payroll processes, and staying on top of compliance demands. Get your Free Download: Payroll Outsourcing Guide to help you make an informed decision or call Accuchex Payroll Management Services at 877-422-2824.