Software Payroll Service Providers
Separating the payroll service from the software platform
The outsourcing of payroll and HR administration is a trend that is set to intensify in the coming years. The reasons for this are dynamic business structures and processes as well as increasing economic and legal requirements. Modern companies are increasingly focusing on value creation and are outsourcing payroll and HR administration.
As a result, payroll service providers need flexible payroll software that can meet the diverse needs of their clients. Many offer their services to multiple industries and therefore require out-of-the-box industry solutions or the ability to create their own industry solutions.
Adaptability and automation are key evaluation criteria. Surveys on the biggest challenges in the provision and processing of payroll reveal fundamental deficits:
- Too many manual processes -
23% - Input quality and control -
21% - Mapping non-standard/complex processes -
17% - Multiple inconsistent/disparate systems -
15% - Dissatisfaction with outsourcing provider -
11%.
Looking at the payroll software market, it consists almost entirely of monolithic solutions, where business functions and software platform form an inseparable unit. Separating the monolith usually makes neither technical nor economic sense.
Separating the business functions from the software platform has advantages for both sides. The service provider can develop processes independently and automate its solutions in a customer-oriented manner. The software platform vendor is freed from complex payroll know-how and can concentrate on the platform services.
With its novel solution approach, the Payroll Engine shows how domain-oriented software for payroll service providers is possible.
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⚡ This is a pre-relase version of the initial development, please read the restrictions.
