If you love your business but are tired of your current payroll management software, it’s probably time to make a change. Ditching disconnected pieces of software for more robust options can make managing your payroll a breeze.
But, with so many options out there, choosing a better software system can seem like a challenging task. We are confident that the best-in-class Oracle NetSuite ERP is the ideal platform for the job.
Join us as we explore why using NetSuite for payroll management is the best move for your business this year.
Common Payroll-Related Accounting Issues
Before detailing why you need NetSuite for payroll, let’s first outline some clear signs that your current software isn’t cutting it. Your business stands to benefit from an upgrade if you are experiencing these headaches.
Poor Financial Visibility
If you are using basic accounting software, you cannot easily access up-to-date payroll and financial data, which is a real problem, especially during times of growth.
If you want to make informed business decisions, you need real-time data about your payroll and revenue, and entry-level accounting solutions simply cannot provide that info.
Managing Payroll Has Become a Full-Time Job
If managing payroll takes up a huge chunk of your week, your first thought may be to hire a devoted accountant. But bringing in even one full-time professional can cost your business thousands in salary and benefits – not to mention the time spent trying to recruit, interview, and hire that individual.
Even if you can take on the extra expenses, doing so might hinder your long-term business growth. A robust software platform supported by an expert team of accounting professionals, such as the case with Finlyte, can make payroll management much more cost-effective.
Get ready to save overhead costs so that you can invest more in business growth!
Accounting Takes Place in Multiple Applications
Accounting software is supposed to be your one-stop shop for payroll management. But if you are using a basic solution, you will probably find that more accounting takes place outside the software application than inside the software. For example, you may be using external spreadsheets to run complicated calculations.
If that’s the case, why even pay to have the software application in the first place? The better option is using NetSuite to automate routine tasks, handle calculations, and track the entire payroll process in one location.
The Two-Fold Solution: NetSuite for Payroll and Outsourcing
Any of the above problems can keep your business from reaching its true potential. Fortunately, you can solve these challenges by using NetSuite to handle payroll.
NetSuite includes a wide range of integrated tools that make payroll management easy. You will still need to assign someone to manage your payroll within the NetSuite platform, though. We have a solution for that: payroll management outsourcing to Finlyte. Let us explain how it works.
- Implement NetSuite to modernize your company’s accounting processes.
- Work with us as your outsourcing partner that can manage your payroll within NetSuite.
- Combine NetSuite implementation with outsourced accounting to ease your entire team into a new era of payroll efficiency.
Ready to Leave Your Accounting Nightmares Behind?
Payroll and accounting headaches can take the joy out of running a small business. The good news is that you can leave past payroll headaches behind for good. Doing so is easier than you might expect. All you have to do is work with the Finlyte team.
As part of our services, we will oversee your NetSuite implementation and all of your accounting and payroll-related processes. When you use NetSuite for payroll, we can easily handle this critical function so you can focus on what matters most in your business.
Ready to learn more about our solution for your business? Contact Finlyte today for a consultation.
