Robotic process automation (RPA) is a must-have technology in your organisation. With the introduction of low-code and no-code automation platforms, businesses don’t have any excuse not to implement RPA. With these platforms, hiring expert RPA resources or engaging an RPA solutions company is unnecessary.

Instead, any non-technical resource can design the RPA solution using the platform’s graphical interface. In most cases, the desired automation is already in the platform’s template section. Organisations can automate any business process. The only requirement is the process must be rules-based.

Read More:

• Low Code and No Code RPA: The Latest Trend in Automation
• Is Low-Code Automation Really That Simple?

One area which businesses must automate is the payroll. As it is a highly time-consuming and resource-intensive task, employees cannot focus on other job responsibilities. As a result, other critical work starts to be delayed, which can undermine an organisation’s competitiveness. Workers are also demotivated due to working on such tasks.

Let’s review the top benefits of payroll automation.

Top Reasons to Automate Your Organisation’s Payroll

1. Cost Reductions

Payroll is associated with costly blunders. When working on the payroll, humans may miscalculate taxes, employee wages, or any deductions. As a result, an employee may be overpaid or underpaid. In either case, it causes financial challenges. An underpaid employee may initiate legal action, resulting in fines and legal fees. By automating the entire payroll, you are effectively taking out human error. As RPA is less likely to make mistakes, you can stop worrying about incurring financial penalties.

2. Improved Productivity

Would you like to perform a repetitive task every day of the month? Undoubtedly, ten out of ten people will reply in a negative. Humans are inherently bad at performing the same task repeatedly. They will eventually start making mistakes either due to boredom or other distractions. The human brain craves a challenge. They value tasks which require problem-solving skills or at least some skill.

Unfortunately, processing the payroll hardly requires any skill. Therefore, automating this mundane task will be highly beneficial for your employees. It will allow them to focus on more value-added tasks such as addressing employee issues, resolving conflict, or contributing to the strategic role of HR. Moving employees away from mundane tasks to those with strategic value will make them feel valued. It can result in better productivity.

3. High Return on Investment

Our experience tells us most businesses are afraid to implement due to the high costs. However, Agile Managex Technologies offers RPA as a Service in UAE and globally. It means you can implement RPA without any upfront investment. All you need to do is pay the monthly subscription fees, and that’s it. Even if you opt for in-house RPA, you will recover your investment within a year. On top of it, there is little to no operating expense as RPA can be easily integrated with existing systems.

4. Better Compliance

Human error leads to non-compliance with local and federal laws related to employment. A regulatory action can result in fines and impact an organisation’s reputation. RPA can perform the same work repeatedly without making any mistakes. It ensures greater compliance with the relevant laws. Depending on its functionality, it can create automatic reports which can be used for audit purposes. The audit trail can prove useful in case of regulatory or any other legal action.

5. Reliability

When a human is working on the payroll, it needs to be cross-verified by several other team members for accuracy. When you automate the payroll, there is no need to manually cross-verify the data. Instead, the RPA solution can check if the final payroll is as per the obtained data. Secondly, even when your organisation is facing a disruption, your RPA solution can keep working.

6. Satisfied Employees

Lastly, your employees are satisfied. They do not need to visit the HR department to get their salary fixed. Indeed, frequent payroll issues and errors can undermine an employee’s trust in the organisation. They may perceive the errors as a deliberate attempt to steal their wages. Similarly, HR employees spend less time fixing issues. Overall, everyone is happy and can focus on their work.

Conclusion

This concludes the top 6 benefits of payroll automation. Of course, automating the payroll offers numerous other benefits, including scalability. The RPA solution can easily integrate more employees as the organisation grows. On the other hand, you would need more workers to manage the payroll, which increases the probability of an error. Agile Managex Technologies can design a customised RPA solution for your payroll processing or any other business. Contact us for further information.

Share: