Getting a paycheck at the end of a work cycle is a relatively innocuous experience for most employees. The check arrives, the money is either spent or saved for future use, and the wait begins anew for the next payday. But for the companies that issue those paychecks, the process is anything but simple. Since payroll processing is usually the largest single expense incurred by a company, much analysis goes into deciding how and when to pay employees and what system to use to process all the paperwork.
Whether companies choose a third-party provider or keep the process in-house, payroll is no longer a function that can be relegated to the back office. By taking advantage of payroll-related technologies and additional offerings, companies can step out from under the time-consuming process of managing their payroll and concentrate on what they do best: making profits.