What is Payroll Software?
Payroll software is an application used to manage, organize and automate the employee payment. The software tracks all payments and maintains all payment records. Payroll software varies in price and features and can be used by small business as well as large corporations.
Effective payroll software will allow management to monitor time and attendance, tax information and pay structure. The software will integrate easily into existing company procedures.
Payroll software is created by third party human resources technology companies that aims to enhance the operations of businesses that utilize their software.
Why Use Payroll Software?
Your employees work hard for you and for your customers. Let’s face it: your people keep your business running.
Of course, you want to pay your people their deserved wages, and you want to pay them on a consistent basis. But managing your workforce’s compensation isn’t always easy. In fact, sometimes it can be downright complicated.
That’s why many companies rely on payroll software, an on-premises or cloud-based system that helps ensure proper processing and payment of company payroll without problems. If you’re still completing your payroll by hand and/or on paper, you’re keeping yourself open to making costly mistakes. Investing in payroll software can save you time, stress, and, yes, even money.
UltiPro® is a flexible and functional cloud-based solution for managing your people’s pay. The comprehensive software is designed to handle complex payroll with efficiency. There’s even a Smart Tax Search tool to help simplify U.S. and Canadian tax codes depending on where staff members work and live.
UltiPro® also empowers your people with features such as direct access to payroll information, so they can check their pay stubs at any time, on the go, via smartphones and tablets. Employees can also use a paycheck calculator to anticipate take-home pay after taxes and deductions for benefits, 401(k), and other expenses.
More Payroll Software Resources
When it comes to payroll, UltiPro doesn’t stop there. View our HR Solutions page to discover how this powerful HR and payroll software can pay off for you and your people.
25 Ways to Positively Impact Payroll
Businesses of all sizes can benefit from a cloud-based solution that simplifies payroll. This free whitepaper explores 25 ways to improve your payroll practices.
Common Payroll Blunders and How to Avoid Them
While it’s no surprise a financial mistake can cost money, many of these slip-ups are predictable and avoidable. Our webcast teaches you how to keep a watchful eye, so you can prevent costly payroll blunders.
UltiPro Payroll Software Product Tour
Take four minutes to see how UltiPro helps make payroll simple and fast for you, all while empowering your workforce.
Start the Tour
Long-Form Glossary Topics
HRM System / HRM Software
Human Resources Software
Payroll and HR Software
Payroll and HR Services
Performance Management Software / Performance Management System
Talent Management System / Talent Management Software
Technology for Managing Human Resources
Performance Management Process
Strategic Human Resource Management
Succession Management Software
Predictive Analytics for HR
Strategic Human Capital Management
Global Human Resource Management
HR Recertification Credits
HR Service Delivery
HR Robotic Process Automation
HR Case Management
HR Shared Services
Human Resources Document Management