Efficient Payroll Completion
Completing payroll operations manually can be unreasonable for medium to large businesses with more than 20 employees. Manually keeping up with each employee’s payroll, compliance and benefits can take a toll on your payroll personnel. Manual payroll completion can also incur the consequences of erroneous payment and compliance operations on your business.
NetSuite SuitePeople Payroll makes your entire payroll highly efficient and less costly. Since the platform is mainly automated and relatively easy to use, you’ll spend less time completing these processes while achieving error-free payroll outcomes.
Batch Payroll Processing
NetSuite SuitePeople Payroll is ideal for companies that run batch payroll processes. It automates the batch calculations of employee earnings, taxes, and the business’s contribution towards each employee’s benefits. You can also categorize and find your employees according to their locations, portfolios, and benefits. One impressive feature of this batch payroll processing is that you know how a payroll batch directly affects your financials as soon as it is completed.
Managers can also reverse or make changes to payroll information without the need to reenter previous data.
Premium Customer Support
NetSuite SuitePeople Payroll’s customer support team is licensed by APA, the American Payroll Association, and is always prompt to provide expert help to the software users. They also ensure that you never lag behind payroll-compliant laws and procedures during your use of the software.
This platform makes it effortless for your employees to update their personal and tax-related information in real-time. The employee self-service feature of this platform gives employees access to know their colleagues within the organization for networking and collaboration. Employees also have access to their expense reports and up to five of their previous paychecks. They can also request time-offs and make changes to their bank details.
Flexible Payment Schedules and Options
On this platform, you have the liberty to choose the payment schedule that is best for your business. Invariably, you can decide to make your payments hourly, daily, weekly, bi-weekly, monthly, or annually. You can also make payments at times other than your initially proposed cycle.
The flexibility of this platform also allows you to include or exclude items like compensations, commissions, and work bonuses in paychecks.
Support for Multi-State Employees
If you have your employees based in different states, NetSuite SuitePeople ensures no additional strain on your payroll team due to geographical differences.
In addition to accessing each employee’s payroll, compliance, and work data in real-time, you can access a wide range of payment options for each state. You can pay your employees via direct bank deposits in more than ten banks. You can also pay them via checks, and the platform ensures that the checks can be printed locally – according to the jurisdiction prevalent in each client’s location.
Integrations and Add-Ons
Oracle NetSuite does not only cover your payroll needs. They run a host of other management tools with several application experts in a system known as SuiteCloud Connect. This system integrates with leading enterprise software systems to ensure the unification of your business processes.
And as you can guess, it means that you can easily streamline your entire workflow in one place via numerous integrations. From the SuitePeople Payroll, you can easily access your financial management, logistics, planning and budgeting, procurement, and product management platforms.
Consequently, you won’t need to import and export your business/employee data from one platform to another with this platform. The integrations ensure that relevant data is updated on each platform in real-time.