Bloomberg BNA's Payroll Automation: Enhancing Payroll Efficiency, Accuracy & Compliance offers an in-depth look at the state of the payroll function overall and a comprehensive look at payroll automation. The report provides a view of where things are, how far things have come, where things are going, and the best practices on how to get there.

This new report covers:

• Electronic Pay and Paperless Payroll
• Emerging Payroll Technologies
• Successful Implementation Best Practices for New Payroll Technologies
• Payroll Automation Outsourcing Trends and Practices
• Payroll Return on Investment

Payroll professionals and offices already have realized substantial cost savings, performance improvements, and to-the-letter compliance through effective implementation of payroll technology and automation. Proper implementation of the right systems and applications yields many benefits, including:

• Reduction or elimination of overpayments and underpayments
• Reduction in legal risks and actions, including penalties, judgments, and employee litigation
• Faster, more accurate time and expense reporting
• Greater data transparency and accessibility
• Employee self-service functions, such as changes to W-2 withholding
• Detailed, accurate pay histories available to both employee and management
• Real-time information on leave balances and job absences
• More efficient processing of tax forms and documents, such as W-2s
• Accurate, current information on labor allocations and expenditures
• Improved compliance with federal, state, and local regulations, as well as with internal company rules and policies (e.g., pay periods, leave, overtime)

The changes in payroll have come fast and furious, and by all accounts will continue to do so for the foreseeable future. This report offers you the information, advice, and perspective needed to help payroll professionals assess their current payroll processes and systems, and what to do next.