The human resource consulting market is rapidly growing since most businesses prefer outsourcing payroll and other HR-related tasks so that they can focus more on core activities. Use the QuickBooks integration with the check printing platform make your payroll easier.
The market size of the particular industry in the US has grown 5.9% per year on average from 2018 to 2023.
However, there are some common challenges that an HR consulting company would face. Here are 5 most common:
The need to coordinate with multiple teams: Your payroll team would have to spend countless hours collecting bank details of employees from multiple teams. Even after collecting information and proper calculation, there might be delays if there is no proper payment software.
Changing payroll regulations and laws: Payroll regulations and laws might change over time. Having software that cannot cope with the changing needs can delay your payments.
Employee dissatisfaction: Paying employees on time is important. Untimely delivery of payments can lead to employee dissatisfaction and can negatively impact your business.
Satisfying multiple employee preferences: Employees may prefer different methods to receive their salary. Some may prefer traditional methods like checks, while others may prefer digital methods. Managing them all together manually is difficult.
Dependence on manual methods: Manual methods can result in errors and delays. Employees must be paid correctly. Data shows that around 44% of employees quit jobs due to incorrect payment.
Making room for data confidentiality: Payroll data is highly sensitive and should be handled safely. Data reached in the wrong hands can negatively affect the cash flow of the busines
How Do the Check Printing Platform, Help to Overcome These Challenges?
- A decentralized HR team can significantly benefit from cloud-based solutions to access payroll data from anywhere and at any time. OnlineCheckWriter.com – Powered by Zil Money would be the cloud-based solution that you might be looking for to centralize your payroll distribution operations.
- The cloud-based platform integrates with multiple payroll software in the US and Canada. The platform and payroll software like QuickBooks integration help the easy importation of payroll data. From the cloud-based platform, you can easily distribute your payroll.
- With the cloud-based platform you don’t have to worry about the bank account details of your employee. All you have to do is integrate your accounting software with the platform. This helps you directly import all data, eliminating manual data entry.
- OnlineCheckWriter.com – Powered by Zil Money is scalable. That is, it is easy for the platform to cope with your changing needs. You can easily change your employee data, numbers, and other details without any additional effort.
- The platform guarantees the on-time delivery of your payments. Your employees will get their wages on time with your subscription to the platform.
- The cloud-based platform offers multiple payment options, from traditional checks to ACH, wire, credit cards, and many more.
- The all-in-one platform can centralize all your payments and reduce your manual workload.
- The high security offered by the platform ensures that all your payments reach the right hands.
What Are the Multiple Payroll Payment Options Offered by the Platform?
Payroll via Credit Card
One of the key benefits of using OnlineCheckWriter.com – Powered by Zil Money, is its pay by credit card feature. Normally, a credit card transaction would have a transaction fee for both the sender as well as the payee. However, most users prefer them because of the reward points that they offer.
As per the biennial report on the consumer credit card market by the Consumer Financial Protection Bureau, around 190.6 million of the 253.8 million US adults use credit cards.
The transaction fees at both ends make credit card payments less preferable for employees. So, finding a solution that helps you gain rewards and, at the same time, helps your employees avoid transaction fees is imperative.
OnlineCheckWriter.com – Powered by Zil Money accepts your credit card payments and sends your employees via other methods. Basically, the platform acts as an intermediary between you and your employees. This helps you accumulate rewards, and your employees eliminate transaction fees.
Pay via Check
Some of your employees may prefer traditional checks. Paying them on time is also important. Ordering pre-printed checks may take days or even weeks to deliver. So, relying on them is not at all advisable.
With OnlineCheckWriter.com – Powered by Zil Money you can easily print your checks. That is, you can have your checks the moment you need them. This on-demand printing facility helps you to make check payments without any delays.
The customization feature is another highlight. You can customize your checks and add whatever details you like to give your checks a professional look.
The ability to print checks on blank stock papers allows you to save 80% of check printing costs compared to ordering pre-printed checks. You can obtain blank stock papers from any nearby office supply store.
OnlineCheckWriter.com – Powered by Zil Money, lets you send checks both in the traditional method and the digital method. You can send physical checks via USPS/FedEx and eCheck via email or SMS. While mailing physical checks, the entire process, like printing, enveloping, and sending, will be carried out by the platform.
Other Payment Options on the Platform
ACH: These are transfers that are guided and monitored by NACHA. OnlineCheckWriter.com – Powered by Zil Money is an official member of NACHA. So, making ACH payments via the platform is effortless.
Wire transfer: This is the most preferred method for making large transactions. You can handle both domestic and international wire transactions with the cloud-based platform.
Conclusion
For an HR consulting company, it is imperative to make the right payroll decisions.
Having payment software that integrates with payroll software helps in making payroll operations easy.
A centralized platform that offers multiple payment solutions will assist you in satisfying your multiple employee preferences.
Making timely payments with OnlineCheckWriter.com – Powered by Zil Money, helps you build credibility and trust.
