Payroll Services for Financial Institution
Company: Financial Services
Payroll Staff: 2
“We’re delighted to be working with Paycheck Plus. They have been instrumental in creating many improvements to our payroll and to our Finance function in general. We have no hesitation in recommending Paycheck Plus.”
This organisation had two employees – one on maternity leave and the other had to take a leave of absence due to an illness. A temporary consultant was hired in-house to manage the payroll services however this solution caused several issues. There were errors in processing and delays in response and processing time due to the availability of the consultant which lead to late payments, incorrect calculations, and control issues around confidentiality.
The company decided to contact an outsource payroll services company in hopes that their expertise in payroll management would rectify the problems that had occurred. After contacting Paycheck Plus, a full audit of their payroll was conducted internally before they transferred their payroll to Paycheck Plus. Paycheck Plus reviewed the entire year to date and resolved many inaccuracies.
The Company subsequently decided to leave their payroll with Paycheck Plus as it proved to be more cost effective. There were no issues with staff availability, training, or software updates. They have access to a whole team of payroll experts and now utilise the services further for financial reporting enabling their finance department make more constructive use of their time and resources.