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Are increased government requirements combined with escalating employee compliance driving your HR and Payroll costs and administration time out of control? Today, you rely on Dynamics GP to connect many of the moving parts of your organization - attend this webinar to learn how you can leverage your Dynamics GP investment to save time and money on your workforce management. Bruce Lane, the director of our Dynamics GP practice will demonstrate: • Hiring & on boarding • Managing employees • Managing risk • Timekeeping • Payroll • Reporting Payroll services versus in house processing? Additionally, we’ll review if you should move payroll processing from an outsourced solution to an in-house solution. And, we’ll show examples of ROIs realized by organizations who have made the switch.
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Payroll and Human Resources in Dynamics GP
Outsourcing vs. In House ProcessingMarch 28, 2012
Agenda• Internal Costs
• Ratio of time• Benefits of Outsourcing• Costs of Outsourcing• Costs of In House Processing• Benefits of In House Processing• Cost Comparison•What to Consider• Demonstration• Free Analysis
• Questions
Internal Costs
Where is your time spent?
Ratio of Time
In most, but not all cases, the ratio of time is as follows:– 35% - Time collection and approval– 10% - Time summarization– 5% - Adjustments to gross payroll– 10% - Entry or submission of hours\gross– 10% - Processing of Checks\Direct Deposit– 5% - Processing of Reports– 5% - Remittance of withholdings and employer taxes– 10% - Tax authority filings– 5% - Process other disbursements– 5% - Recording payroll into the general ledger
Benefits of Outsourcing
Save Time:Processing
ReportsRemittance
Tax Filings
Cost of Outsourcing
Submission Deadline
Inflexibility
Time Value of Money
Benefits of In House Processing
Cost/Employee Drops
Cash Management Improves
Flexibility
Access to Data
Improved Reporting
Costs of In House Processing
Processing Time
Processing Reports
RemittanceSoftware Fees
Withholdings
Cost Comparison250 to 500 Employees Year 1 Year 2 Year 3 TotalOutsourced Payroll $ 20,000 $20,000 $20,000 $60,000
GP Payroll for BRLPayroll Licenses $ 5,000 $ - $ - $ 5,000
Direct Deposit $ 2,000 $ - $ - $ 2,000
Federal Magnetic Media $ 750 $ - $ - $ 750
Support Plan $ 1,938 $ 1,938 $ 1,938 $ 5,814
Implementation Fees $ 12,500 $ - $ - $12,500
Annual Costs $ 22,188 $ 1,938 $ 1,938 $26,064
Yearly ROI $ (2,188) $18,062 $18,062 $33,936
What to consider
What other benefits can be derived at my organization?
Better Employee Service
Improved internal processing and reporting
Demonstration
• Direct Deposit• Checks• Payroll to Payables Integration• General Ledger Posting
Processing Payroll
• Smartlists,• SQL Reporting Services• Report Writer
Reporting
• Tracking Paid Time Off• Tracking Property, Licenses and Training
Human Resources Management
Free Analysis
• Review of your systems
• Findings documented
• Reviewed with your staff
• Highlight areas for improvement
• Discuss options & the related costs and benefits
Questions
?
Contact Information
• Bruce Lane– [email protected]– 412-220-5755
• Tina Featheringham– [email protected]– 412-220-5754
![Soais Payroll Outsourcing[2]](https://img.pdfslide.net/doc/110x75/5465d122af795992368b4f9b/soais-payroll-outsourcing2.jpg)
