The larger your business grows, and the more employees you take on as a result, the more capable your payroll platform needs to be. And there comes a point when conventional software solutions just cannot cut it anymore. Here are a few reasons why you should consider switching to a cloud-based SaaS platform right away:
Cost-effective: SaaS applications reside in shared ecosystems where hardware costs and software licensing fees are much lower compared to traditional single-tenant setups. This makes for a very cost-effective service — a huge incentive for you to make the switch. And if you’ve had to do without payroll software due to budgetary constraints, there’s no need to live in the dark anymore. A cloud payroll app will provide the same functionality — or even better — for a fraction of the cost.
Rapid deployment: Cloud-based apps, unlike their traditional counterparts, do not require any installation on the client’s end. Your service provider will already have handled everything on the back end. You can therefore expect to begin utilizing the app as soon as you sign up — in as little as two hours if your requirements aren’t too complicated. Otherwise, your provider will be more than happy to give you a trial run, and thereafter tailor the platform to accommodate the specific needs of your organization.
Ease of access: Cloud based apps are accessible from pretty much any location — as long as there’s a reliable internet connection. This makes for a highly-convenient operation for your accounting department. Teams will be able to collaborate across locations and access documents while on the go — something that wouldn’t be possible with a conventional software installation.
Updates: With traditional payroll platforms, businesses are often forced to forego updates for fear of interfering with operations (and sometimes costs). That’s not the case with cloud-based apps; SaaS ecosystems are configured to allow for upgrades on the fly. No longer will you have to put up with outdated software and miss out out on additional features — not to forget improved security — all for the sake of continuity.
Scalability: Not only will your cloud payroll app be tailored to match your needs, but it’ll also be scalable. What that means is that your provider will extend additional features whenever you need them. It’s this high degree of flexibility that’ll allow you grow your business easily, and in a sustainable fashion as well.
