There are many advantages of implementing an in-house payroll system into your business.
You will have control over your payroll: if you process in-house payroll then you will have control over your payroll department.
There is no risk of losing data: sometimes your business data is more valuable than money in the 21st century. One of the major risks of outsourcing payroll is the potential of losing business data, but this risk is eradicated using in-house payroll.
Communications: if you have in-house payroll then you will maintain better communication with the payroll team. If your employees have payroll enquiries they can contact the payroll department directly.
Customisation: you can implement and customise the payroll software based on your business’s requirements.
Flexibility: you will have the flexibility for last minute changes. Any missing hours or missing timesheets can be processed at the last minute as you are in control of the department.
Fast correction: if you make a mistake in payroll payment or miss any payment then you can quickly pay your employees.