DynaPay: Streamlining Payroll Processing for Accuracy and Speed in Dynamics 365 Business Central

When it comes to running a business, there are several segments that you need to take care of. Payroll is absolutely one of them. In this blog, we will talk about streamlining payroll processing and why is it essential.

DynaPay is one of the best ways to manage your company’s payroll systems. It will simplify the procedure and make it so much easier for you. There are multiple benefits of automating payroll.

The first one is that it will help you eradicate human errors. It will help you save a lot of money as well.

What you need to understand is that automation may not replace all the manual tasks but using the software can help you produce better results in a quick way.

What is payroll automation?

Payroll automation is using software to decrease the number of manual steps performed by the payroll team. Automated processes are more reliable than doing the work manually. It reduces large amounts of data consistently and quickly.

Automated processes are more reliable than just doing the work manually. Some of the most common payroll tasks are data transfer from HR to payroll, automatic tax calculation, previous payroll comparison, integration of timesheet data and automatic inclusion of fixed deductions.

Payroll processes faster:

One of the main reasons why businesses these days are opting for payroll automation is the fact that it has the ability to process it more quickly.

You will not have to direct your payroll team for the same. They can concentrate on other important aspects of the business.

The payroll system calculates routine tasks and functions automatically for payroll software. Performing calculations allows the payroll team to concentrate on anomalies or issues that need human intervention.

Decreases errors:

Payroll software automatically carries out calculations, thereby reducing human errors. If you want your employees to get paid on time and the correct amount, then you must not think twice before getting payroll automation. DynaPay is a fantastic tool that can help you speed up the accuracy level of payroll.

Improves record-keeping:

The payroll system can get approvals and even record them for audit. This will obviously simplify record keeping. Approvals in the system act as notifications to the payroll system.

Reduces costs:

As we have mentioned earlier, automating payroll not only speeds up the turnaround time for processing but also helps you save a lot of money. Employees who generally take hours to review payroll before submission can now work on other tasks, thus leading to better production.

Improved data accuracy:

Automatic payroll eradicates errors, and data accuracy improves as well. Employees can get the required security access and look up the information directly in the payroll system.

This is more secure than sending the data.

Provides employee self-service:

Employee self-service is a great way to provide employees the liberty to check information about themselves and apply for leave by themselves. There is no requirement for a middleman.

They can look up needed information as and when required. A payroll system such as DynaPay also allows various reports and the ability to build custom reports.

So these are a few ways in which DynaPay streamlines payroll processing for you. Whether you have a small business or a big one, you should always rely on this software for the automation of processes. This will make your business future-proof as well.

Dynamics Business Solutions (DBS) is certified Microsoft Dynamics partner in UAE, we take pride in our ability to develop and deploy the right business solution that matches global client’s requirements. DBS has developed in-house state of the art solutions for HR and Payroll, Dynamo and DynaPay on top of Microsoft Dynamics 365 FO and Business Central respectively. These solutions are catering the all business needs of HR and Payroll departments. We provide best services and support to our clients.

To know more, speak to our expert at Dubai: +971 4 447 5525 Abu Dhabi: +971 2 222 2100 or inbox us your query at info@dynamics.ae OR visit www.dynamics.ae