Paylocity is a payroll management software solution designed for small- to medium-sized enterprises (SMEs) as well as large-scale commercial businesses in various industries.
It is a web-based payroll and employee management system that is useful to most human resources (HR) teams, especially those who manage a decent-sized workforce. Although Paylocity is specially created and designed for the lower-end market, it does have a few impressive features and capabilities that might be useful to larger companies in different industries.
What Does the Software Do?
Paylocity was actually first launched back in 1997 under the name Ameripay Payroll. It wasn’t until 2005 that the service became known as Paylocity. Although the company initially started as a payroll program, it has since expanded its features and functionalities. Today, Paylocity has become a HR management software solution with the payroll program as one of its many capabilities.
With key features like Payroll Integration and Management, Labor Management, Employee Management, Employee Self-Service, Interactive Reporting, Financial Analysis and Activity Dashboard, just to name a few, Paylocity is certainly a more versatile software than just a singular payroll program.
The Benefits of Paylocity as a Web-Based Payroll and HR Software Solution
Paylocity boasts a few advanced tools that are easy to integrate with other programs such as time and attendance applications, general ledger and retirement plans. This makes the software solution easy to adopt in any company model when it comes payroll and HR services.
HR Processes Made Simple and Streamlined
Paylocity and its many features are primarily designed to make the tasks and processes of the HR team a lot simpler and more streamlined, thus eliminating any errors and miscalculations when dealing with payroll, timesheets and attendance records.
Some of the advanced capabilities inherent with Paylocity that help enhance and streamline HR processes include customizable, mobile-responsive onboard solutions. The system also focuses on making the process of benefits enrollment a lot smoother and faster, thanks to its intuitive and integrated programs.
Customizable and Efficient In-House Payroll Solution
Paylocity’s flagship payroll solution is Web Pay. This particular feature serves as an online payroll system that not only provides HR teams standard payroll capabilities, but offers customization and other extra functions as well.
Some of the proactive features that come with the Web Pay payroll solution include pre-process registration, data integration, custom checklists, custom frameworks, custom reports and compliance. The service also allows users to collect comprehensive data such as demographics, deductions, direct deposit information and earnings.
Ease of use
Because of the user-friendly nature of the software and its many customizable features, businesses can actually do more without the need to outsource the payroll process or any conduct special training to be able to do the job more effectively.
Paylocity also makes use of a very effective drag-and-drop technology to help users manage payroll and other HR services according to company requirements and their needs.
Accessibility and extra features
Accessibility is a primary benefit of the service, especially the Web Pay feature that can be accessed 24/7. Additionally, the platform also offers third-party direct deposit, check-creation capabilities, Affordable Care Act compliance, paycheck calculator and a lot more.
QuickPay is also an added feature, a built-in program that enables users to quickly and easily process payroll in batches.
Paylocity solutions are accessible through mobile as well. Employees have access to HR data and payroll using their mobile devices, anytime and anywhere. The mobile software and the mobile-responsive design of the service ensure convenient access, accurate and up-to-date information for employees and staff when it comes to HR-related matters.
Finally, HR applications such as personnel tracking, scheduling, on-boarding and learning management are also available.
How Much Does Paylocity Cost?
Paylocity works with a subscription pricing model. Unfortunately, the service has not provided any pricing information about their subscription plans. Interested parties should visit their official website and contact them directly for pricing information.
The Paylocity Web Pay service, on the other hand, starts at around $2 to $4 per employee, billed monthly.
All in all, the features and capabilities offered by the software solution are quite good. It allows businesses, especially HR teams, to be more efficient and flexible as far as performing HR related tasks and managing payroll are concerned.
However, every business has different needs and requirements when it comes to software solutions and services. The best way to choose the right payroll management software for your company is to consider what you really need. How many employees do you have and can the software make a real impact to your HR processes when it comes to efficiency and convenience?