Using HCM To Maintain ACA Compliance

How Your Human Capital Management Software Helps Maintain Your ACA Compliance

Tired of trying to stay on top of ACA compliance regulations…only to have them change on you again? It's a common issue for business owners in every industry and with every size organization. Every time you somehow manage to navigate through the ACA compliance mandates, the system evolves, leaving you wondering about successful next steps to pinpointing the total number of FTE (full-time equivalent) employees you currently have and which forms require completion when filing.

An HCM System Can Seamlessly Manage Your ACA Compliance Needs

Fortunately, simply hoping for the best with your ACA compliance does not have to be your only option. Many business owners are looking for outside assistance with their internal applications and systems. For these savvy entrepreneurs, tapping into the power of human capital management software can yield a major return on investment. A comprehensive HCM software solution will track a wide range of corporate entities such as:

• Identifying part-time and full-time employees based on the most recent ACA rules and regulations
• Managing all terminations throughout your organization
• Providing documentation needed for both part and full time employees when showing proof of your ACA compliance

What To Look For In Your HCM Provider

Once you understand the importance of housing your payroll and benefits data in the same place, it's critical to find an HCM software provider that you can entrust with your business. This partner will have access to your most sensitive corporate and employee data; it's crucial to perform due diligence throughout the search process to align your organization with a partner capab

Utilizing Workforce Management Software

What Workforce Management Software Offers Users

Some of the many benefits offered by automated time and labor management include:

• Tracking Accuracy: Manually tracking any type of information leaves ample margin for error. Between typos and illegible handwriting, much of the data transcribed can seem compromised. Not so with an automated system. You and your employees will have access to real time and labor hours as well as notification if there are any trends in the workflow. 
• Increased Productivity: Implementing an automated time and labor management system can instantly demonstrate an upswing in overall productivity. Not only will your employees make an enhanced effort to punch in and out on time, it will also increase bandwidth for accounting departments once tasked with manually compiling data for payroll. 
• Overall Savings: Most importantly, a workforce management software system can yield a comprehensive assortment of direct and indirect savings as well. You and your employees will enjoy the benefits incurred by eliminating the chance of tracking errors. There may also be a significant savings within your accounting department as your staff has more time to perform more tasks and functions. Additionally, you and your clients will have access to indirect savings as well. Noticing trends in workflow, gaining insight into time spent on various tasks, and recognizing overall return on investment for specific functions can truly have an impact on any project's bottom line.

Work With A Professional Team For Seamless Integration And Success
Once you've decided that an automated system makes sense for your organization, it's critical to partner with the right provider. Look for an organization that will customize their system based on your specific requests. Modifying a solution to suit your needs will deliver enhanced usability and increased overall return on investment.

Want to hear more? Contact The Payroll Company today for further information on our comprehensive workforce management solutions.

Utilizing Payroll-Processing Services

2016 Payroll Updates: How Payroll-Processing Services Can Help

The end of each year can prove a stressful time for business owners. What is the biggest stress factor as the sun sets on any given year? Taxes. Complicated regulations, compliance issues, and looming deadlines are just some of the many ways that taxes can unravel even the most poised entrepreneur.
Fortunately, you do not have to go it alone when it comes to filing your taxes. Business owners in every industry have realized that payroll processing services can offer an ideal solution that eliminates stress and maintains corporate compliance at all times.

The Payroll Company: Payroll-Processing Services For Optimal ROI

At The Payroll Company, we offer payroll-processing services to business of every size and in any industry. Our state-of-the-art payroll processing services deliver a customized approach to suit your business needs, all on a secure online platform. Automating your processing procedure offers an extensive range of benefits:

• Minimize Manual Errors: Manual errors can plague even the most conscientious organization – especially if the same data is being tracked in multiple places. Using an automated system means instant updates throughout, thereby reducing the risk for error. 
• Various Levels Of Access: At The Payroll Company, we recognize that individual employees have different levels of access needs to sensitive information in your database. We can designate various levels of access so your staff sees everything that they need and nothing else. Best of all, the system allows for access to data on a 24x7 basis. 
• Automatic System Updates: Tax compliance and regulations are an ever-changing entity. Staying ahead of these changes can prove overwhelming. Our system instantly updates as needed whenever compliance mandates evolve so you stay compliant at all times.

Our Automated System: Filing Has Never Been Easier
Most importantly, using our automated system means that we will file all payroll tax forms on your behalf, including any pay period, monthly, quarterly or annual reporting. Outsourcing your filing needs to us means that you have a skilled and experienced team of professionals managing these critical documents for any tax year.
Are you ready for any needed 2016 payroll updates? We can help. Contact The Payroll Company today to discuss your specific needs.