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Why cloud based payroll system is the future?





As per findings, it has been noted that about 40% of medium and small-sized companies usually end up paying a penalty on payroll every year. Such penalties generally are because of filing errors or avoiding to deposit with holdings on time.

This should not be shocking for you as calculating payroll for employees manually may be a critical task. When you juggle among factors such as salaries, employees’ wages, tax deductions, employee benefits, incentives, and others, things often get complex. Additionally, every country has its own set of tax regulations, and missing such details are possible.

Running a company is a tasking process and may get expensive if your calculation for payroll is incorrect. However, thanks to the advancement in technology that it is now simple, easy, and smooth to conduct your payroll calculations.

A cloud-based payroll system has made it possible for you to calculate employees' payroll, thereby preventing the organization from facing morbid losses. Here are some benefits of using cloud-based payroll system:

Read Also | How cloud based payroll system can help your organization in times of disaster?

Value for money
Cloud based payroll system is automated, which eliminates the need for manual calculation for compensations, incentives, loans, taxes, etc, thereby saving huge effort along with time for your companies HR.

The HR only requires running a command and all calculations will automatically take place. This also lowers redundancies and inaccuracies, which is prone to happen if you calculate manually.

Connectivity
Easy connectivity from any device from anywhere is one of the biggest advantages of opting for cloud-based payroll. Moreover, the ESS portal for the employees allows them to access and also update their information on their own, which saves substantial time and effort for the HR crew.

With the assistance of the ESS portal, employees can also easily download their monthly payslips, check their balance leaves, request leave application, tax details, TDS information, etc.

Such connectivity is usually helpful for the businesses situated at different geographies because such a unified platform makes the employers and business employees access the required detail from anywhere from any device.

Read Also | 5 Benefits of using DynaPay Payroll

Environmental friendly and economical
Using a cloud based payroll technique for calculating payroll, makes you go paperless, thereby lowering your carbon footprint. Also, you do not require getting apprehensive with the upgrades because they get automatically triggered by the vendor’s end, which saves your IT team from substantial work.

Customizable
With the help of pocket-friendly subscription models, you simply get to choose what matches your business best. For businesses having special requirements, with a cloud-based payroll system customizing any solution is not difficult.

Execution
Unlike online-based premise solutions, the execution and implementation of the cloud-based payroll system are easy and simple which lowers your business cost by a big margin.

Excess space facility available
As all the data and information are stored in the cloud, you do not need worrying regarding the data recovery in times when your system crashes, etc. As information is saved in the cloud, you can easily access it from any electronic device from anywhere.

Read Also | Useful Features of Dynamics 365 Business Central

Systematic filing
As all the information is stored in the cloud, all information and data are gathered in a systematic manner, available whenever you require it. Thus, there is no requirement to get into cumbersome paperwork.

With DBS get full access to DynaPay for Dynamics 365 BC
DynaPay for Dynamics BC is a HR and Payroll management system offering the employees record payroll calculations, management & document management that includes expiry reminders.

Being an inbuilt model using development tool known as AL, it leverages complete functionality of Dynamics 365 Business Central that includes notifications, workflows, attachment of documents and many more. Lastly, DynaPay BC is a microsoft cloud hosted model helping HRs to easily access this application from any location from any device at any time.

Moreover, employees too can log into their ESS portal from any location, from any device at any anytime to apply for documents or leaves.
To know more, speak to our expert at Dubai: +971 4 447 5525 Abu Dhabi: +971 2 222 2100 or inbox us your query at  dynapay@dynamics.ae

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Location: Dubai - United Arab Emirates

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