Payroll outsourcing: getting your non-core areas managed

To understand just how much you stand to benefit from outsourcing your payroll function, let’s take a look at all the tasks a payroll process partner like Alp Consulting undertakes:

• Getting the payroll inputs from the client
• Pulling in compensation information from branches, if any
• Validating these inputs, following up on gaps
• Processing the payroll with the relevant software
• Checking the pay sheet thus generated
• Getting the client’s confirmation on the pay sheet
• Readying the salary statement to be uploaded to the bank
• The actual bank transfer
• Generating pay slips for each employee
• E-mailing pay slips
• Generating the monthly payroll report for the client
• Generating statutory reports

These are all fairly complex and time-consuming activities. But for a payroll specialist, they’re routine activities undertaken by experts using the latest tools. The amount you save in man-hours, as well as in the cost of hiring in-house resources and maintaining the right infrastructure is huge.

Take another look at that long list of activities, and balance it against this list of benefits a good payroll partner provides:

• Comprehensive reporting: All your payroll data is analyzed and converted into comprehensive reports that explain what’s going on to you and help inform your business decisions
• Helpdesk services: Depending on your SLAs you can also give your employees access to quick, effective help with any issues related to their pay processing
• Security: Alp Consulting maintains a state-of-the-art IT infrastructure that ensures the total security and confidentiality of your payroll data
• Simple transition: A smooth, easy transition from on-site to off-site payroll management is ensured by the use of best practices
• Competitive edge: Outsourcing your payroll process allows you to have a completely accurate, efficient process with all the facilities that normally only a large firm can afford in an in-house model

The value proposition should be pretty self-evident at this point. To find out how Alp can tailor a payroll services solution for your business, get in touch!