Whether intentional or honest mistakes, timesheet errors are frequent and affect payroll processing. Or they could even completely forget to submit the timesheet, leading to unnecessary correction hassle. They could miss accounting for a few hours spent on answering the client’s emails and calls. But in the real world, employees scramble on a Friday afternoon, trying to remember how they spent their hours over the week. In a perfect world, accurate timesheets get submitted on time for payroll processing. But truth be told, nobody likes to fill out timesheets. Timesheets are critical for accurate payroll calculation. Witness an Average 10% Decrease in Revenue and Payroll Leakagesīook a Demo Capture Time and Attendance Accurately Configurable timesheets, advanced business validations, intelligent approval workflows, built-in global payroll library, pay rule engine, and more features are designed to accelerate payroll processing and eliminate human-induced errors. Replicon’s Time and Time and Attendance software comes with advanced payroll capabilities that make payroll processing a breeze. Streamline Payroll Processing with Replicon’s Time and Attendance Software When not handled properly, these challenges can result in delayed and inaccurate payments, hurting your employees’ morale and hitting your company’s revenue.
According to Deloitte’s Payroll Operations Survey, the top challenges companies face in payroll processing include: (a) Manual processes (23 percent) (b) Accuracy and timeliness of inputs (21 percent) (c) Non-standard or complex processes (17 percent).
Like any other business process, payroll processing also comes with a few inherent challenges. The payroll processing team has to gather accurate time and attendance data, manually calculate gross pay while applying all federal, state, and local laws, and ensure that the employees get paid accurately and timely. Payroll processing is one of the most crucial and complex operational processes for any organization - be it big or small. Mobile Professional Services Automation.