Leveraging Payment Practices for Payroll Applications
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Record-keeping and accumulation of Payroll-related information for compliance and payment accuracy occupy more and more of corporate financial resources. Costs continue to rise, and the penalties for non-compliance are increasing. Automation and centralization have advanced our payroll capabilities, but we still have not progressed as quickly in moving toward electronic payroll payments. This session addresses the various alternatives to paper-based payroll, the impediments to their use and some possible methods to overcome these barriers. The end game is to reduce back-end payment costs, thereby freeing more existing resource time to address the ever-growing information management needs of your enterprise.