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A payroll processor is responsible for exactly that, processing the payroll for employees of an organisation. They are responsible for ensuring all payroll transactions are processed efficiently and correctly.
Payroll processing duties and tasks can include:
These payroll processing tasks are particularly well-suited to being outsourced as they are repetitive and rule-based, requiring a high level of attention to detail. By sending these transactional accounting tasks to an offshore payroll specialist, you are able to free up your local accounting teams time to nurture client relationships and perform value-added, revenue generation work.
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Payroll processors carry the same responsibilities of a payroll officer. They collect, calculate and enter financial data within an organisation’s payroll system to ensure the smooth running of payroll at the end of the pay cycle. In order to do this effectively, there are certain key skills payroll processors require.
Outsourcing providers recruit payroll processors the same way an internal, talent acquisition team would. Essentially, they ask the same questions to understand whether these offshore candidates would be able to provide quality payrolling duties to Australian organisations:
In terms of qualifications, it really comes down to the size and financial reporting requirements of an organisation. Outsourcing companies can help you find the right candidate to meet your organisation’s payroll requirements:
Organisations are able to appreciate the added benefits that come from offshoring payroll processor duties to the Philippines, including:
Increase employee satisfaction
Increased employee satisfaction - Give your local team peace of mind by relieving them of any unnecessary tasks and sharing the workload with an offshore team or team member. This will help increase employee satisfaction within your business. With your payroll processor team able to focus on what they were hired to do, you can expect to see a positive change in your working atmosphere.
Hiring local staff can prove very costly to an organisation. Hiring an offshore team member that can assist your local team with routine payroll processor tasks for a fraction of the price will help you control costs in your organisation, saving up to 70% when compared to hiring locally.
Hiring full time offshore payroll processor can help increase profits and supercharge your business growth. By adding extra capability through an offshore team, your local employees will have additional capacity to take on more work and grow your business sustainably.
Sending daily, time consuming, repeatable payroll processor tasks offshore will allow your local team to take on more work. By sharing the workload between your onshore and offshore team, you will notice a drastic increase in efficiency and productivity within your organisation.
Outsourcing your payroll processing to the Philippines can represent significant cost savings of up to 70%. At Beepo, we offer a simple monthly fee to help you reduce your overheads and focus on growing and running your business. This monthly fee covers everything: from infrastructure, security, management, recruitment and training to staff benefits.
For more detailed information on costs, please arrange a business consultation so we can tailor a solution to your business needs.
Beepo is an Australian-based outsourcing company that offers businesses a distinct competitive edge with offshore staffing solutions. We take the time to understand the hardships our clients face when it comes to recruiting hard working, dedicated staff. The Philippines is renowned for its accounting talent and payroll skills, and we are adept at finding and recruiting the best of the best in terms of payroll processors.
Additional accounting roles and services your business can outsource to the Philippines
So, you've decided to send your outsource payroll processing tasks to the Philippines to take advantage of the benefits of outsourcing. Why not consider embracing offshoring solutions for your other accounting services as well? Take a look at the below list of roles and services that are well-suited to offshoring: