Cloud-Based Payroll Software for PEOs and ASOs Reduces Processing Time

When technology works, it’s a brilliant time saver. When technology fails, it can stop your business in its tracks. We frequently hear complaints from business owners when they adopt unwieldy software that adds unnecessary steps to an HR workflow.

As a PEO (professional employer organization) or ASO (administrative services organization) executive, you understand that technology must be linked to a concrete benefit in order for it to be effective in the workplace. Using technology to streamline payroll, which traditionally has been the most labor-intensive of all HR functions, ranks high on the list of must-haves for PEOs and their clients.

Payroll software for PEOs and ASOs

With the wrong software, payroll compilation and processing can be an inflexible and slow endeavor. The latest in payroll and benefits enrollment solutions for PEOs and ASOs is often based in the cloud, with secure encryption and the flexibility to grow your business. Here's what you should look for in a payroll solution:

• The right payroll software is a time saver with data that is integrated across the platform, so you enter it once and it populates throughout the system.
  
• It should reduce costs. The best payroll software reduces processing expenses by placing check stubs online instead of distributing paper checks. HR should have the option of digitizing their employee manual, further cutting printing expenses.
  
• The right payroll software can expand your client base. If the software helps your PEO or ASO look more attractive to new customers, it's a win/win for everyone involved.
  

Since the Affordable Care Act, many businesses have struggled to comply with some of the benefits and tax reporting requirements. When coupled with a small or nonexistent HR staff, mandates like the ACA have presented new challenges for the small business owner.

PEOs and ASOs tell us that this legislative fact of life argues strongly for the small business owner to outsource HR. PEOs and ASOs can capitalize on this trend by partnering with a payroll software provider that is intuitive enough to make their work easier, but also helps their clients’ businesses stay compliant and run more efficiently.

Another crucial selling point for PEOs and ASOs is finding a payroll platform that makes it easy for employees to access benefits information. Look for software that features a robust and easy-to-use self-service portal. One benefit of a cloud-based payroll and HR service is that your clients and their employees can access data from almost anywhere on any digital device. Your clients should be able to see pay stubs, benefits including vacation, PTO and 401k, and much more. Because this information is in the cloud you should be able to view it 24/7/365. These days, that’s the kind of service your client demands – and deserves.

Payroll Processing Made Simple

According to the NAPEO, businesses that use a PEO or ASO are 50% less likely to go out of business. That statistic clearly illustrates the value of the services we provide. A PEO or ASO that utilizes cloud-based software like PrismHR, will reap the benefits of having just one software provider integrated across HR functions. Utilizing a platform that offers full functionality beyond payroll, including worker's compensation, tax compliance, unemployment insurance claims, employee benefits will a be a huge benefit for the PEO/ASO and the clients they serve.