The Rise of Payroll Tech – How to Future-proof Your Business

Payroll technology

As Payroll Technology continues to evolve, payroll systems are undergoing a digital transformation. With shifting work dynamics and changing expectations from employees, it’s more important than ever that a streamlined payroll system is implemented – this is where Payroll Tech comes in.

We at the forefront of Payroll Technology, and offer a complete payroll and benefits solution. By partnering with us on outsourcing your payroll you can be sure you can future proof your business, while making costs savings too.

Traditionally, outsourcing payroll models involve only the processing, but new and progressive models, build in risk and responsibility-sharing that focus on commercial impacts too, and address the increasing pressure on costs. The current trends in systems for payroll indicate that online payroll will continue to be pivotal to business success, affecting everything from employee experience to high-level decision-making.

How Payroll Technology Can Benefit Employees

Payroll Technology is a priority for good employment experience and operational efficiency. Accuracy, compliance, agility, and flexibility are key, because the costs of getting it wrong are huge – it can damage an employee relationship, and a business’ reputation. 

By partnering with us to outsource payroll for your business, and utilising our innovative Payroll Technology, you can remove the risk of human error, while providing a richer and more beneficial employee experience for your temp workforce at the same time. 

How Payroll Technology Can Benefit Your Business

There is clear evidence that many businesses are moving more and more processes online and so working with a payroll specialist that understands this will give your business a competitive advantage. What’s more, employee experience is at the forefront of business success more than ever before. Payroll Tech systems of the future understand this, so along with delivering current, up-to-date information about payslips and pension information, they also offer a whole host of employee benefits to help engage workers.

Our Innovative Magic Umbrella Benefits Portal

We strive to be at the forefront of technology, which is why we offer the ground-breaking  Magic Umbrella Benefits Portal ,which is included for all our umbrella workers (at no charge) providing a 24/7 access pass to a world of unparalleled benefits and support for workers and their families. It’s also the central portal to vital employment and pay documents, sending alerts when new payslips or documents are uploaded, and securely storing payslips and employment history in one place. It also features savings and discounts at supermarkets and high street retailers, 24/7 GP access and access to hundreds of training, learning and development opportunities. This is part of our total payroll solution that allows you to give more value to your temp workforce f by offering them incredible benefits, welfare support, and access to crucial information on their pensions, insurance, and payslips.

Find out how we can support your business or book an exploratory meeting here.

About us

Magic Umbrella is committed to ensuring compliance, transparency, and best practices in everything we do. That’s why we’re proud to be an Approved Partner of Professional Passport. Found out more about us on the Professional Passport website here.