Transforming HR and payroll with specialist solutions is not just about doing away with the laborious manual system; it also provides additional benefits, writes SANDRA SWANEPOEL, MD at Sage HR & Payroll.
One of technology’s key gains is doing away with the time consuming and painful weekly or monthly manual payroll system.
Transforming HR and payroll with specialist solutions is not just about doing away with the laborious manual system; it also provides additional benefits. These include:
Saving time and money on manual labour
A payroll solution will automate the processes of printing and distributing payslips as well paying employees. That will save you many hours spent manually calculating statutory deductions and spare you the risk of making an error that could harm your business.
An automated system also spares payroll management employees from having to manually process leave applications, calculate hours worked, manage expense claims, print payslips for employees, and keep accurate employee information.
Taking advantage of advanced cloud technology
More and more South African businesses are embracing cloud-based software for their payroll and accounting needs. This enables them to simplify their IT environments, save money, and achieve the flexibility to get more done quicker. With an online solution such as Sage One Accounting and Sage One Payroll, you can simply log in from wherever you are and start working. You can access your data from the cloud which means that your data is available online, anywhere, anytime and from any device. All you need is an internet connection and the ability to pay a small monthly fee for the use of the software.
Curbing payroll fraud
Payroll fraud is a major risk and is a lot more pervasive than most business owners are aware. Erroneous payments can cost a business dearly and overpayments are often difficult to retrieve. Payroll solutions deliver better visibility into transactions, prove an audit trail, and offer a set of controls, checks and balances that help to prevent errors and fraud.
Preventing the loss of a business’s and employees’ financial, payroll, and tax information is critical to any business.
Employers with a manually run payroll system would be hard-pressed to come up with a better reason for not going the automated payroll system route, than for the safekeeping of their personnel records.
The labour and tax environment in South Africa is always changing and a business that is not 100% compliant is at risk of breaking the law.
According to a 2016 South Africa Human Capital Trends report by Deloitte, employees rate “organizational design, culture and engagement” as three of their top priorities. Today’s best payroll solutions can help with employee self-service modules. Such modules enable employees to apply for leave, submit travel claims, download old and current payslips, and update their personal details online or via their smartphones. This will assist organisations to align with the three top priorities mentioned in the survey.
In a time of seismic technological change and digital invention, it’s important for business to make use of smart technology to reinvent and simplify their daily business practices. We at Sage are changing the way that millions of people track the movement of money through their business. Automating the HR & Payroll function is just one way of helping Small & Medium Businesses to succeed.
Win Funko Fortnite in Vinyl
Gadget and Gammatek are giving away a set of three Funko Fortnite figurines to three readers.
A Funko Pop figurine based on a character set is indicative of reaching the heights of pop culture. It is no surprise, then, that the world’s biggest online game, Fortnite, has its own line of Funko Pop figurines. The Funkos are modeled on the characters in game, including Drift, Ragnarok, Dark Vanguard, Volar, Tracera Ops, and Sparkle Specialist.
Now, local Funko distributor Gammatek has released the Fortnite figurines in South Africa. To celebrate, Gadget and Gammatek are giving away a set of three Funko Fortnite figurines to each of three readers. To enter,
Click here to see the Funko Fortnite characters and to select the one you want to tweet.
CES: ThirdEye X2 mixed-reality glasses
The X2 mixed reality (MR) glasses, unveiled at CES last week, are the smallest mixed reality devices yet. They boast a 42-degree field of view, HD resolution, and run on the Android platform. The glasses are not connected to wires or tethered packs, and boast a built-in VisionEye Simultaneous Localization and Mapping (SLAM) system for accurate environment tracking. The UI allows the user to wear it while completing tasks indoors and outdoors.
Click through to read how the software makes these glasses a reality.
Nick Cherukuri, founder of ThirdEye, said: “The goal of the X2 was to integrate SLAM into a small glasses form factor – that is the future of making MR Glasses mass produced.”
ThirdEye has also partnered with a major manufacturer, which will enable the X2 to be shipped in mass scale, which is currently a significant hurdle for many startups.
The glasses have built-in software like the ThirdEye App Suite, which provides a full MR software platform built into the units. The App Suite includes live audio and video streaming, AR data communication between remote users in the form of a “see what I see” application, and 3D scanning capabilities. The glasses run on Android 8.0, creating a platform for a worldwide community of developers to submit AR, VR, and MR applications to the ThirdEye App Store.