What is eNETPayroll?

Outsourcing vs. eNETPayroll

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Has your organization ever discussed the prospect of in-house payroll processing versus outsourcing? If you are involved in payroll processing for your organization, you may be surprised to know that there are many benefits involved with an in-house payroll solution.

With today's user-friendly software tools, many organizations are moving away from payroll outsourcing to in-house processing. eNETPayroll provides the perfect balance of in-house control and flexibility for small to medium sized businesses.

Common Myths About Outsourcing:

• Outsourcing Saves You Money - Not all of the time. Depending on the size and complexity of your payroll, you may find it easier to allow an outsourcer to process your payroll for you, simply because it's easier that way. Unfortunately, many outsourcing companies still require that you perform your own data entry. At this point, they merely receive your data electronically, press the calculate button, then send you a bill. If you are performing a bulk of the work on your end already, it's not a very cost-effective solution.

  With eNETPayroll - You perform all of your own data entry and you press the calculate button. Your cost-per-cheque is many times lower than standard outsourcing fees, and better yet, you have no minimum or basic charges. eNETPayroll saves you money!

• Outsourcing Saves You Time - No. During a normal payroll cycle, the entering of the source data is the task that takes the most time. The actual calculation of the payroll usually takes only several minutes. So if you are already entering the data yourself, you really end up saving no time at all. Outsourcers also impose specific deadlines as to when information is due -- miss a designated deadline and your payroll will end up a day or more late. This is not a pleasant prospect.

  With eNETPayroll - You perform the complete processing cycle from anywhere in the world at a time that is convenient to you -- even if it happens to be the middle of the night (but that never happens, right?). Think of the flexibility… If your schedule forces you to perform payroll tasks at off-peak hours, eNETPayroll will accommodate you anytime, anywhere. eNETPayroll saves you time!

• Outsourcing Frees up Resources - Not really. Outsourcing firms generally require you to pay for your gross payroll (including statutory deductions) three days prior to payday. In many cases, outsourcers will have access to (and be using) your funds for up to 45 days. Wouldn't you rather be in control of your company's valuable resources?

  With eNETPayroll - You can print cheques, process EFTs and even perform year-end processing. The funds are automatically withdrawn from your bank account, and only after you have performed a service. eNETPayroll frees up your resources!

• Outsourcing is Confidential - Not as much as you'd like it to be. When you outsource your payroll, you place your trust in others to keep your data secure and confidential. Often times, your confidential information is returned to you by a standard courier service. Ever had one of your packages dropped off at another company by mistake?

  With eNETPayroll - Your data is sent and received over a secure, encrypted network. There are no human interactions with your data -- you simply perform your payroll calculations as you interact with the online database. No one else will ever view or gain access to your confidential information. eNETPayroll keeps your data truly confidential!

• Outsourcing is Easy and Error Free - No. With most outsourcing forms, you are not able to correct errors easily. This causes either lengthy delays or extra costs to be incurred. When working with an outside source, error correcting can take up a good deal of time. First, you must issue a manual cheque and then you must reverse the error and submit the correct information to the outsourcer. Unless your payroll goes off without a hitch each cycle (does it ever?), you may find that it is not always an easy task.

  With eNETPayroll - You have the luxury of viewing the calculation results at any time. This allows you to instantly correct mistakes of make other adjustment along the way. Such details are taken care of before you print your cheques or send the electronic funds. eNETPayroll makes payroll processing easy and error free!

• Outsourcing is a Growing Trend - No. With modern software technologies and the steady advance of Internet based services, outsourcing payroll processing is becoming less fashionable. In today's technological world, it is not always cost effective or timely to rely on outside sources to perform integral company services. Today, more and more companies are moving towards self-sufficiency and easy access for all of their services.

  With eNETPayroll - You can perform payroll processing from any location around the world, at any time of the day. These days, every office work location has a personal computer. Over 30% of offices now have direct access to the Internet (and that number is growing every day). There is no longer a valid reason to continue using outdated methods when the solution is at your fingertips. eNETPayroll is the solution!