Whether you need expertise in Employer of Record (EOR) services, Managed Service Provider (MSP) solutions, or Vendor Management Systems (VMS), our team is equipped to support your business needs. Managed payroll services offer a powerful solution for businesses looking to streamline payroll processes, ensure compliance, and reduce administrative burdens. In this guide, we’ll explain what managed payroll services are, how they work, and the advantages they offer to businesses of all sizes. Between calculating wages, withholding taxes, managing employee benefits, and ensuring compliance with ever-changing regulations, payroll can quickly become a burden for growing businesses. In a nutshell, managed payroll services offer more than just payroll processing.
leading cloud payroll software
We’re not a payroll company ourselves—we’re a PEO broker. Mistakes don’t just cost money—they can hurt employee trust, damage your company’s reputation, and even lead to IRS penalties. Payroll is the lifeblood of your business. Reputable platforms use enterprise-grade encryption, multi-factor authentication, and certifications like SOC 2 and GDPR to protect sensitive data. HiBob’s platform combines advanced payroll capabilities with intuitive, people-first HR tools. Cloud platforms are built for scalability—supporting everything from seasonal workforce increases to international expansion without the need for new infrastructure.
This flexibility is especially valuable for remote or hybrid teams, global businesses, or organizations with multiple office locations. Built-in tools support remote teams by applying the correct tax rules for each team member’s work location, even across different cities or countries. A cloud-based payroll platform helps you manage corporate frauds examples this complexity automatically by calculating taxes according to the latest local, state, and federal rules. Manual payroll processing leaves too much room for error and inefficiency. The platform is designed for small businesses and includes basic HR features alongside its payroll tools.
- Allowing their internal teams to focus on strategic growth and core business activities.
- Payroll mistakes lead to penalties, employee dissatisfaction, and compliance risks.
- Retain internal knowledge of your payroll requirements and establish clear governance to ensure your managed payroll partnership delivers the expected value and compliance protection.
- Paychex provides payroll and HR services through its cloud-based platform, Paychex Flex.
Managed Payroll vs. Payroll Software
With Atlas, you get more than payroll processing; you get a partner committed to helping you scale, stay compliant, and support your people wherever they are. This makes EOR solutions the better choice for businesses expanding into new markets without setting up local entities. Moving to payroll managed services has clear advantages. Instead of handling everything in-house, you work with experts who take on payroll processing, compliance, and reporting for you. Our payroll specialists support your organization with compliance, payroll, and tax filing so you can refocus on larger strategic goals. Our team provides enhanced services to help simplify the complexities of your payroll administration.
Help avoid financial penalties from late or incorrect tax filings. We’ll manage essential payroll processes on your behalf to help free up your resources from the hassle of day-to-day administration. We make it our priority to link you with other companies who will meet your individual HR Outsourcing needs Message and data rates may apply. 👉 Ready to make payroll stress-free?
Need help choosing the right EOR provider?
For some, outsourcing is an efficient way to streamline operations, while others may prefer the affordability and control of handling payroll in-house with software. Ultimately, the best solution depends on the company’s resources, payroll complexity, and desired level of control. This means an external expert handles everything from what is suspense calculating wages and distributing payments to managing tax filings and administering benefits. Startups looking for an HR platform that includes payroll as an optional feature. Startups looking for clear and affordable pricing with basic payroll and HR features.
Before diving deep into each solution, here’s a quick overview of the top cloud payroll platforms that can transform how you handle payroll management in your organization. Businesses should consider cost, control, and service requirements when deciding between managed payroll and payroll software. Managed payroll simplifies payroll tasks, starting with setting up essential data, performing accurate payroll calculations, distributing payments, filing taxes, and generating compliance reports. In contrast, partially managed payroll allows companies to outsource specific components like tax filings or direct deposits — while retaining control over other aspects.
- Organizations that maximize the value of managed payroll take a strategic approach to implementation and ongoing management.
- Built-in tools support remote teams by applying the correct tax rules for each team member’s work location, even across different cities or countries.
- Reclaim your time and let us take care of it all.
When Should You Consider Using Managed Payroll Services?
Check QuickBooks’ payroll pricing page for specific costs and current promotions, as these prices may change. Startups that already use QuickBooks accounting and want easy bookkeeping and payroll integration. You might see basic numbers like “starting around $39/month plus a fee for each employee” for what is accelerated depreciation entry-level packages in public reviews. While some starting prices for small payroll packages are publicly available, many plans require you to request a quote. However, Rippling offers modular pricing and a platform approach, so please contact their sales team for startup pricing. The team at Techr understands the pivotal role that technology plays in reshaping the way organizations attract, manage, develop, and retain their most valuable asset – people!
No more time consumed with administrative tasks like managing pay stubs and payroll data. These services take care of all payroll tasks. Our team of CIPP-qualified professionals ensures that your payroll is in safe hands, providing you with the assurance of full and timely reconciliation. They bring efficiency, compliance, cost-effectiveness, and peace of mind to businesses. Compare global employment solutions to find the best fit for your business.
Tax compliance and support
The provider takes ownership of the entire payroll function, acting as an extension of your HR department while bringing specialized expertise and advanced technology to the table. I’ve helped hundreds of companies find the right EOR provider for their global hiring needs – quickly and without the stress. That makes it more comprehensive, especially for businesses expanding into new countries. Here are some frequently asked questions about managed payroll. With Atlas, payroll isn’t just a function—it’s built into the EOR framework to support your global growth. Not all providers offer the same level of service.
How NetPEO Helps with Managed Payroll
It offers basic payroll features with direct integration into Wave’s bookkeeping system. Gusto helps small and growing teams handle the essentials without too much complexity. HR professionals, managers, and team members access the platform through web browsers or mobile apps. Cloud-based payroll platforms take a traditionally manual process and transform it into a streamlined, automated workflow.
While managed payroll providers handle the day-to-day tasks of payroll processing, businesses retain control over key decisions, such as employee salaries and benefits. The managed payroll process involves initial setup and data migration, regular payroll processing cycles, compliance monitoring and reporting, tax management, and ongoing support and optimization. That’s why more businesses are turning to managed payroll services and Employer of Record (EOR) solutions to simplify the process.
But what exactly are managed payroll services, and how can they benefit your business? Common pricing models for managed payroll services include per-employee-per-month (PEPM) fees, base plus per-check fees, tiered pricing structures, and comprehensive fixed fee arrangements. This arrangement transfers the administrative burden of payroll processing from your internal team to external experts who manage everything from calculating wages to filing taxes and maintaining compliance.
Partner with Dayforce to free up time and resources
Picture a system where you press a button, and payroll is processed automatically. While gaining peace of mind knowing payroll is covered. And with that comes all the complexities that makeup what payroll is. The best start for your business HR tools for a range of business sizes Once you’ve selected a provider, establish clear communication protocols and performance expectations.
What is the difference between cloud payroll and traditional payroll software?
Adopting managed payroll equates to recruiting a highly efficient, cost-effective team that’s always at your service. But what exactly is a managed payroll service and how does it benefit your business? Define key performance indicators (KPIs) such as processing accuracy, timeliness of tax filings, and response times for support requests. For startups and rapidly growing companies, managed payroll can provide the scalability and expertise needed to support expansion without building an internal payroll department. Determining whether managed payroll is the right solution requires an honest assessment of your current payroll operations, business goals, and available resources. Many businesses find that the total cost of managed payroll is actually lower than maintaining an in-house payroll function when all factors are considered.
At NetPEO, we specialize in connecting businesses like yours with the best payroll providers in the industry. A managed payroll service keeps your business compliant across all jurisdictions. That means we connect you with the right managed payroll service provider, compare options for you, and ensure you’re getting the best value possible.
The key is knowing what your team needs today and what you’ll need in a few months’ time. Choosing the right payroll provider can make a huge difference in how smoothly your startup runs. This is a good choice if you want HR, benefits, and payroll in one place. Startups that want payroll integrated with IT, HRIS, device, and app management. Small to mid-sized US startups seeking an easy and friendly payroll and HR solution.
