In payroll, there’s one pain point our clients consistently tell us about: integration.
It can be a tall order to make sure each week that data comes together seamlessly from your timekeeping, accounting, 401k, benefits, and workers’ compensation systems.
It seems the IRS would agree. It found approximately 40% of small businesses accrue $845 in IRS penalties every year due to irregularities in their payroll processes. In fact, manual data entry accounted for the most errors (35%).
So, what should your business do?
There’s a solution you can put into place that can integrate all of your data and third-party platforms, so you don’t even have to think about it. Once everything is up and running, you can also run reports and take a closer look at what’s happening and when.
If your company is manually keying in all of this data today, you’re not only wasting valuable business time but also risking the chance of costly errors. CPU is here to help.