• About Us
  • Write for Us
  • Paid Content Solutions
  • Contact Us
ExpertHub
  • HOME
  • LAUNCH
  • BUSINESS
  • LEADERSHIP
  • MONEY
  • SUCCESS
  • NEWS
    • All
    • Company Posts
    • ExpertHub Today
    Transunion Global Capability Centres Boom

    Global Capability Centres Boom As They Move Up The Value Chain

    Global Tech companies

    Global Tech Companies Are Turning To South Africa For Media And Marketing Expertise

    Innovation Summit

    Innovation Summit 2021 Showcases SA’s Top Tech Entrepreneurs

    Three customer experience strategies you’re missing-23Sep21

    Three Customer Experience Strategies You’re Missing

    Embracing digital 1st world, SMBs confid. to thrive-23Sep21

    Embracing A Digital-First World, SMBs Can Have The Confidence To Thrive

    SAB Foundation Calling All Entrepreneurs Tholoana Entps. Prog.

    Applications for SAB Foundation Are Now Open

    Trending Tags

    • About Us
      • Write for Us
      • Paid Content Services
      • Contact Us
    No Result
    View All Result
    • HOME
    • LAUNCH
    • BUSINESS
    • LEADERSHIP
    • MONEY
    • SUCCESS
    • NEWS
      • All
      • Company Posts
      • ExpertHub Today
      Transunion Global Capability Centres Boom

      Global Capability Centres Boom As They Move Up The Value Chain

      Global Tech companies

      Global Tech Companies Are Turning To South Africa For Media And Marketing Expertise

      Innovation Summit

      Innovation Summit 2021 Showcases SA’s Top Tech Entrepreneurs

      Three customer experience strategies you’re missing-23Sep21

      Three Customer Experience Strategies You’re Missing

      Embracing digital 1st world, SMBs confid. to thrive-23Sep21

      Embracing A Digital-First World, SMBs Can Have The Confidence To Thrive

      SAB Foundation Calling All Entrepreneurs Tholoana Entps. Prog.

      Applications for SAB Foundation Are Now Open

      Trending Tags

      • About Us
        • Write for Us
        • Paid Content Services
        • Contact Us
      No Result
      View All Result
      ExpertHub
      No Result
      View All Result
      Home BUSINESS Financial Management Accounting & Payroll

      Get Up in the Cloud

      Monique Verduyn by Monique Verduyn
      May 28, 2013
      in Accounting & Payroll
      28
      Payroll-Cloud-Solutions
      Share on FacebookShare on TwitterShare on LinkedIn

      RelatedTopics

      Wilting Away – How To Boost Your Financial Management Team After The Big Financial Year-End

      How the Right Technology Makes DIY Payroll As Easy As 1-2-3

      To Audit or Not…

      Mention moving to the cloud and someone is bound to ask, “How do we do that?” The answer is that it’s really simple. All you need is connectivity, and all you have to do is replace your existing system with a business-application cloud service.

      This will mean that you have decided to end the life of your existing application and instead receive your payroll and HR software from a new provider. That provider will manage the migration of all your data to the cloud, and manage the application’s security, availability, and performance, as well as address any problems and changes in the underlying software and hardware the application depends upon. It’s that easy.

      Cost competitiveness

      Charles Pittaway, MD of Sage Netcash, says that the biggest benefit of moving to a reputable cloud service is that business owners get access to a safe online system with competitive transaction fees.

      “SMEs can exercise control over their money and only pay for services used. They get secure online access to debit order collections, salary and creditor payments, credit card gateway and a range of credit and risk management services from one account. Overheads are reduced as there are no hardware costs, no costs for additional resources, and no costs for managing several different accounts.”

      High security

      The integration of a variety of security services provides customers with a single secure payroll system, directly from the payroll software. Security services include identity number validation and verification services, bank account validation and verification services, credit checks and secure salary EFT payments.

      Bank account validation and verification ensures that a valid bank account has been entered into the payroll system and that it is in the name of the employee specified on the payroll. This eliminates one of the most critical areas of payment fraud which occurs when an employee’s salary is paid into a fake or erroneous bank account. In addition, the solution validates employee banking details with major banks.

      “Businesses want simple, cost-effective and efficient debit order, salary and creditor payments, and credit and risk management services,” says Pittaway. “As a business owner your cash flow and your relationship with your customers and creditors are the two most important aspects of your business. Cloud solutions ensure that all transactions are processed securely, accurately and on time each and every time.”

      Many cloud application service providers enable users to register for an account online. That means there are no lengthy approval times to open a merchant account, and implementation of the service can be done in a matter of hours. With Sage Netcash, the service agreement has no fixed time frame which allows you the flexibility to discontinue the services at any time.

      The benefits

      Moving your payroll to the cloud allows your business to reap the many benefits of software as a service (SaaS):

      1. Innovation

      You always use the latest release of the software, so the business has continuous innovation in user experience, work flows and capabilities.

      2. Reduced costs

      Cloud solutions can easily and quickly be deployed to solve immediate business needs.

      3. Risk Mitigation

      SaaS providers typically excel in security measures, including access controls, back-up and recovery, and other potential vulnerability points.

      4. Control

      With SaaS, the business gets full control over process timing (data entry, audits, check runs, quality checks, adjustments), which is not guaranteed when the payroll is managed in-house or outsourced. You also get anytime access to data, analytics and reporting, and the assurance that the software always includes the most recent changes in legislation.

      5. Scalability

      Cloud-based solutions make it easy for businesses to dynamically scale operations as and when they need to.

      Monique Verduyn

      Monique Verduyn

      Monique Verduyn is a freelance writer. She has more than 12 years’ experience in writing for the corporate, SME, IT and entertainment sectors, and has interviewed many of South Africa’s most prominent business leaders and thinkers. Find her on Google+.

      Quick Links

      • Business Plan Advice
      • Business Plan Format Guide
      • Business Plan Format
      • Sample Business Plans

      NEWSLETTER SIGN-UP

      Sign-up for Weekly ExpertHub Updates

      * indicates required




      EXPERT INSIGHTS

      Mo Rafi - 4 Banking Secrets

      4 Banking Secrets That Most People Don’t Know About

      by Mo Rafi

      Mo Rafi founded Rafi Credit Consulting Inc, a private consulting firm based in Toronto, Canada.

      RevenuePartners Time Management for Sales Teams

      Advice from RevenuePartners to hack sales team productivity

      by Andrew Honey

      Time management is one of the costliest challenges in business today. Here are 6 hacks from RevenuePartners to help you...

      Top Reasons Why You Should Study Business Administration

      Top Reasons Why You Should Study Business Administration

      by Adrian Lomezzo

      Administration course, these reasons should help you make the right choice

      Effective Video Strategies For Your Online Store

      Effective Video Strategies For Your Online Store

      by Frank Hamilton

      Video marketing is an incredibly powerful digital marketing technique. Here’s how you can use it for e-commerce to promote your...

      • HOME
      • LAUNCH
      • BUSINESS
      • LEADERSHIP
      • MONEY
      • SUCCESS
      • NEWS
      • About Us
        • Write for Us
        • Paid Content Services
        • Contact Us
      • About Us
      • Write for Us
      • Paid Content Services
      • Contact Us
      • Terms & Conditions
      • Data Privacy Policy
      • Privacy Policy
      • Sitemap

      Copyright © 2022 ExpertHub.info
      Revenue Growth Experts

      No Result
      View All Result
      • HOME
      • LAUNCH
      • BUSINESS
      • LEADERSHIP
      • MONEY
      • SUCCESS
      • NEWS
      • About Us
        • Write for Us
        • Paid Content Services
        • Contact Us

      Copyright © 2022 ExpertHub.info
      Revenue Growth Experts

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In