What kind of payroll software do most staffing agencies use?

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

Ceridian Dayforce

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.

Pros

1. It has a centralized location for storing all information

2. Follows a simple process for ease of use

Cons

Not particularly great for big companies

Some branches don’t work well

Paycor

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.

Pros

Paycor is frequently updated and so remains fresh

Expect to get after-sales service – quick service is a big draw

Cons

Performance needs to be upgraded

Functionality needs a facelift

CONSULT ^®

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.

Pros

Cloud based SaaS built around invoicing capabilities

No need to purchase expensive software

Instant activation and minimum learning curve

Cons

Requires a brief training schedule