Everything You Need to Know About Workday Payroll Management
If you're employing Workday as your ERP solution, you're already ahead of the game when it comes to getting a whole lot of bang for your buck. This software helps cover all your bases, and one of its most robust offerings is Workday Payroll Management, a great module for payroll modernization that can move your company off the paper trail and into the digital experience. How can you get this robust system working effectively and efficiently for your organization? Let's take a deeper dive into the ins and outs of this impressive payroll management software.
What does Workday Payroll Management Do?
At its core, the software amps up your payroll efficiency by delivering flexibility, control, and automation that is designed to ensure your people are paid on time every time with no mistakes and the ability to add or subtract payments as special cases arise. Between overtime, flex time, travel expenses, paid leave, commuting vouchers, referral bonuses, and a hundred other special circumstances, running your company's payroll process is never as simple as 1-2-3. Workday Payroll Management offers the customization to maneuver in and out of individual needs quickly and effectively.
What are the Key Benefits of Workday Payroll Management?
Payroll efficiency is a huge concern for companies living in the digital world. Workday Payroll Management allows employees to access their payroll records from anywhere via any Internet-capable device. It also offers the ability for your organization to perform comprehensive audits over any length of time to break down complex analytics that can allow the company to become leaner in the future. Multiple pay groups can be cycled at the same time and salary criteria for pay cycles defined. If you utilized cloud delivery models, you also get automatic tax updates built into your system as laws update for your city, state, or federal functionality.
What Control Functionality Does Workday Payroll Management Have?
Workday HR solutions are designed to remove the pain points from legacy systems and increase payroll modernization for companies moving forward in the 21st century. There are three areas that the software offers control – processes, data, and cost. Workday payroll eliminates the need for mandatory ERP vendor updates that are pricey and time consuming. It delivers complete data control for all employees and all periods and offers predefined reports to establish a baseline for future endeavors. It defines General Financial Rules (GFR) for all different kinds of payment transactions and allows your staff to develop specific criteria based on earnings and deductions.
Syncing Workday Payroll Management is the logical next step to your Workday path towards total integration of your business with modern technology. Has your organization been challenged by Payroll lately? ERPA offers support, whether inclusive and long-term or specific to Payroll. Reach out today.