What companies stand to benefit from payroll outsourcing?
While any organization can benefit, payroll outsourcing is especially suitable for companies with such features as:
- Complex structures: Companies with branches, subsidiaries, or international representative offices.
- Startups: Businesses where the management has no interest in setting up an in-house HR department.
- Complex compensation models: Entities with pay increments, complex bonuse&incentive systems, or ones processing massive numbers of expense reports for business travel, or expense reimbursements.
- Diverse employment types: Entities with a mixed workforce of full-time and part-time employees, or contractors.
- Resource-constrained teams: Entities with small HR departments.
When outsourcing payroll you can take different approaches
- Full outsourcing: End-to-end payroll for all the employees.
- Partial outsourcing: The management may often choose to outsource payroll for select groups (e.g., executives), for confidentiality reasons, or retail staff - on fears the in-house payroll function lacks the needed scalability.
You can also request a payroll consultation/audit. We will check the correctness of all documents and calculations, perform interviews, describe processes, identify weaknesses and legal gaps and suggest the best way to organize the process.
Core Payroll Services Include
- Calculation of salaries&wages, bonuses and pay increments, garnishments, reimbursements, etc.
- Preparing bank wire instructions for remittance of employee pay as per agreed payroll schedule.
- Calculation of payroll-related taxes and social contributions as well as their timely payment pursuant to the local regulations.
- Preparation and submission of statutory reports to fiscal and social authorities.
- Communications with fiscal and social authorities: respond to queries with regards to the statutory payroll-related submissions.
- Posting of electronic pay slips on Accetera's web portal or e-mailing them to employees.
Additional Services:
- Provide support during audits of payroll calculations and of employee pay remittance for the periods covered by the services (and also for back periods, if so requested).
- Prepare income statements upon employee requests.
- Prepare off-cycle payments for staff employees as per agreed schedule.
- Consult employees on the payroll calculation results.
- Prepare bank wire instructions for alimony and other third-party payments.
We are closely familiar with a number of popular payroll software solutions and are ready to set up an interface with an HRMS, like Workday or SAP.
Payroll pricing depends on the employee pay slips count and software systems used by your employees. Leave a request for a tailored payroll quote.
Why Outsource Payroll to Accetera?
- Precision in every calculation. Our target SLA accuracy is 99%.
- You achieve cost savings by reducing HR costs through automation and economies of scale.
- Guaranteed data confidentiality. We protect you from data leaks unauthorized access, eliminate the so-called “human factor”.
