August 06, 2020
Expectations run high among staffing agencies when it comes to making a choice of the best payroll software. Most often they expect the software to double as an account automation solution and want the following features to be included:
1. Calculate employees’ salary based on timesheet input
2. Calculate deductions like taxes, insurance, retirement contribution
3. Direct deposit of paycheck
4. Paycheck printing integration
5. Generating different tax forms
6. Maintaining payroll history of employees
7. Retirement benefit calculations
8. Tracking and auditing of payrolls
9. Employees’ self-service user interface and more
Here are a few payroll software that staffing agencies find useful when their objectives go beyond just payroll; such as accounting automation that subsumes payroll preparation for example.
It is also common to link accounting automation to other processes such as invoice preparation, follow up A/R, cash flow streamlining and many other processes that are directly linked to payroll automation.
ADP Workforce Now
ADP Workforce is delivered as a cloud-based designed to be HR management software. It is fine for payroll, people and workforce management, talent acquisition and other benefits. A few of the features are:
Employee self-service anywhere anytime
Good at compliance features
Makes filing tax returns easy
Considered as generally good for small/medium business
This is one of the payroll software that boasts of highly configurable features. Though there is good documentation, most often users will have to seek support for seamless operation. There is also has good training to make it easy use. The chief use for the software is for compliance purpose.
1. It has a centralized location for storing all information
2. Follows a simple process for ease of use
Not particularly great for big companies
Some branches don’t work well
Paycor is ideally best for use across an entire organization for simplifying and streamlining Human Resource process and people management in two different facilities. It is reputed for robust analytics that makes it ideally suited for financial analysis. Some of the fair use for the software is in making budget and talent acquisition.
Paycor is frequently updated and so remains fresh
Expect to get after-sales service – quick service is a big draw
Performance needs to be upgraded
Functionality needs a facelift
CONSULT ® is reputedly one of the well received cloud-based SaaS that is welcomed by the staffing companies. It is true account automation software that can be integrated with market leading accounting software such as QuickBooks. It has a wide array of features that can be used for A/R, VMS (vendor management system) and billing/Invoicing in the staffing company segment.
Cloud based SaaS built around invoicing capabilities
No need to purchase expensive software
Instant activation and minimum learning curve
Requires a brief training schedule