Why does outsourcing work for your business?

In the more competitive world of business today, comes the need for more professionalism and higher standards. This is why more & more businesses are outsourcing their payroll needs. 

Saving Costs.

Rather than pursuing an internal payroll system, by outsourcing your payroll you no longer have to worry about the costs associated with

  • Payroll staff salaries

  • Computer hardware and costly software

  • IT support & Disaster recovery

  • Payroll staff training

  • Office space, stationary, pays advice’s etc.

Outsourcing the payroll can lessen the expenses associated with each pay process, and is often a much smarter, cost-effective solution for your business.

Simple payroll processing for a small-sized company can cost as little as $70 a week by using Payrite’s services.

Saving Time.

Handling your own Payroll can be a time-consuming task, especially if your business is in the process of growing or changing. There are checks and balances that vary from employee to employee and a high attention to detail is required to ensure no errors occur when processing a pay. Outsourcing your payroll immediately frees up precious time and allows your business owner, human resources or accounting staff to work on more strategic tasks that will be more beneficial to your company.

Ensuring Compliance.

In the Payroll world, changes are constantly occurring like never before. Time and proficiency is required to keep up with changes to legislation, ATO compliance, and lodging requirements.
Annually, small to medium business can spend up to $150,000 fixing payroll errors, and almost a third of these businesses incur fines or penalties for non-compliance, on top of this cost!

Outsourcing your payroll delivers peace of mind and reduces these expenses by diminishing the potential costs of payroll mistakes. It also means that you have access to someone who can guarantee you both accuracy and compliance with every pay process.

Guaranteed Security.

As payroll specialists, it’s our job to provide a secure platform that operates within your payroll needs. It’s part of our job to work with highly skilled and specialised IT professionals, who administer and maintain our network and servers, while also providing our clients with state-of the art systems for storing and protecting data. Extremely complex security is often costly, however by outsourcing your payroll, this is provided to your company as part of our service.