Businesses should invest considerably in improving the effectiveness of their payroll systems given how seriously they take payroll administration. Integration of various HR functions to get better results is a new development in human resources technology. The necessity of integrating the payroll system with the time & attendance management system was brought up at this point. Due to the interdependence of both processes and the need for perfect synchronisation, experts proposed combining them both. It not only simplifies the two processes, namely payroll administration and attendance, independently, but also enhances their combined effectiveness.

Did You Know?

“More than 85% of best-in-class organisations incorporate their payroll system with their time & attendance system.” – Aberdeen Group, 2008

There must be explanations for why such a sizable section of the corporate sector operates in this manner. So let’s get right to the top 5 reasons why organisations should consider syncing payroll with attendance tracking software:

The Advantages of Going Paperless

Once you begin using an integrated attendance payroll system, you will see a considerable reduction in the use of paper. There is no need to create, print, or store copies of the two processes’ related documents because the full range of tasks involved, including timesheet preparation, calendar management, payroll information gathering, salary calculations, attendance tracking, and payroll report generation, are all automatically carried out. The automated system manages all the data on the integrated system in conjunction with cloud storage, assisting organisations in going paperless.

Real-Time Management and Monitoring

The HR and Admin experts can monitor and manage both areas at the same/actual time with the use of an interfaced system for TNA (Time and Attendance) and Payroll administration. It is possible to track attendance in real-time, manipulate the data, and record the data, all in one step! The complete process becomes smooth-flowing and the output is three times better than the isolated/manual methods when the HR authorities are able to monitor the activities in real-time.

Data Security and Process Precision

Being accurate and precise is crucial when discussing these two crucial HR functions. The entire purpose of using a mechanical system will be defeated without precision. Furthermore, efforts must be made to protect the confidentiality and security of such important data. Therefore, practically all businesses employ integrated payroll and attendance management software to ensure that the process is conducted without mistakes and that the data is secure.

Great Dependability and Transparency

With the aid of the technologies, employees may independently examine their payroll-related data and attendance information, which makes the entire integrated process visible. Since there are no secrets hidden, this raises the organisation’s credibility in the eyes of its employees. On the one hand, the automated integrated system makes the two tasks transparent and trouble-free, whereas the manual method of processing payroll and tracking time & attendance used to be full of gaps and hazards.

Insightful Payroll & Attendance Reports

Who these days doesn’t desire a thorough explanation of each and every particular aspect of the complex TNA and payroll procedures? The integrated system’s auto-generated reports make this simple to accomplish. The reports give the concerned staff helpful insights for gathering crucial data and implementing it to enhance productivity. The intricate 3D reports assist the workforce in comprehending how things operate, resolving any issues, and analysing the data to formulate future strategic goals.

The final conclusion is that “better two than one” is always the case. The coordination of these two tasks allows the entire HR strategy to work smoothly. And because of that, everyone benefits.