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(EMAILWIRE.COM, April 16, 2012 ) London, UK -- Cloud based payroll software is, effectively, online payroll software that can be accessed via any computer with a web connection.
According to Jen Jones, marketing associate of a payroll and talent management software provider, online payroll software is gaining traction with companies that operate in many different locations, on different payroll schedules.
"Having access to payroll information via a secure online environment gives HR managers the opportunity to collaborate, share and access data globally. Further, the ability to share payroll information from a centralised location as well as make software updates online is a real cost cutting advantage to cloud payroll software."
Nic Scott, a software CEO, says cloud based payroll software and its ability to import and export data on the fly is proving compelling for customers.
In addition to managing multisite and multicountry payroll data, Scott says the software is also useful for companies that are undertaking merger or acquisition activity, where they want to take control of all data centrally. ‘Most likely, there will be different payroll and HR systems, so you can import data from one into Fairsail and use Payflow to manage the two existing payroll operations."
Following the US implementations of the Total Talent Management suite, one of the features it may be bringing back to the European market is a benefits management function for employees. ‘This tends to be something of a high-end offering in the UK, but in the US it’s standard,’ says Scott.
Cloud based payroll software companies have seen rapid customer growth for the past 18-months. A trend that seems set to continue at pace.
About PayRollReport.co.uk
PayRollReport.co.uk is a specialist information publisher for the pay roll sector, offering advice and insight on a wide variety of payroll management issues.
PayRollReport.co.uk
Charles Vincent
08451631238
admin@payrollreport.co.uk
Source: EmailWire.com
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