What is Payroll Software Used For?
Payroll software in Ireland is used by many businesses, in many industries. The main purpose of the software is that it is designed to organise the tasks associated with paying employees’ salaries or wages, including all necessary taxes and deductions - in a word, Payroll.
One of the many benefits of this kind of software is that it frees up time and effort that can be spent elsewhere. As employers are only required to input employee hours and information about their wages, it requires very little manual work as the software does the rest! Additionally, depending on the size of the business, it can remove the need to hire someone to take care of payroll processing or mean you need a small team as opposed to large departments.
The best Payroll software in Ireland will also include regular updates whenever a law comes into play that will affect payroll or taxes of Irish workers. Updates may also be periodic system updates to enhance the software so that it is working as best it can for your business.
What are the Features of Payroll Software?
At Intelligo, we have designed Megapay, our corporate payroll software solution that has gained a reputation for not only its flexibility and robustness, but also for the level of product support delivered by our customer service and support teams. You can find some of the critical features of Megapay below and how the software can be used to enhance your payroll department.
What are the Benefits of Payroll Software in Ireland?
If you are a business owner, then it's likely that one of your primary interests is to keep costs low. As payroll doesn't have to be all done manually and our software comes with a range of automated features, payroll software speeds up the whole process of paying employees. Thus, saving you a considerable amount of money that could be invested elsewhere.
Managing payroll is a big task, and it's likely that your designated staff member has a lot to do when payday looms. However, payroll software can make this job easier while also saving time. All that's required is the input of employee wage information and hours – then let the software do the rest. Thus allowing more time for other tasks such as increasing efficiency and productivity among the organisation.
Using payroll software can help to minimise stress related to employee and Revenue reporting obligations. All tax records are held within Megapay at the touch of a button, so there is no need to go searching for payslips. It can also help avoid the risk of running into errors in the calculation as the software can automatically calculate this tax.
The data used for payroll contains sensitive information such as PPS numbers, birth dates and mailing addresses. This employee information must be protected at all costs. Using the right Payroll Software Solution provides an extra layer of security. It prevents the exposure of data, as it is stored securely with limited access. A good provider will show the integrity of the security measurements of the software, so be sure to ask.
Avoid Making Mistakes
Managing the payroll process manually can result in mistakes being made. However, fewer mistakes are made when software is used to calculate information. For example, you may miss deadlines or forget to submit documents on time. You could also miscalculate taxes or misclassify employees. As software can schedule payments and send out forms, it reduces the chance of human error.
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What People Say About Our Payroll Software
"Megapay provided a user-friendly desktop interface and was priced competitively."
"We chose Megapay as we needed a Payroll Solution that could support both UK and Irish Payroll legislation."
"Megapay and MegaHR seamlessly integrate with each other which simplifies reporting and eliminates duplication of work."
"Megapay has always addressed all of my payroll needs and certainly meets the HR and payroll needs for Noonans."
"We have been using Megapay, Intelligo’s corporate payroll software in-house at AXA’s Head Office for the past 20 years."