ASK A PAYROLL FUTURIST: WHAT NEW TECHNOLOGY TRENDS SHOULD YOU BE WATCHING?

Let’s talk about new technology trends and online cloud services that payroll futurists and HR keynote speakers now say will power operations and processes for companies going forward:

• Payroll software – Platforms like Gusto, OnPay, ADP that calculate pay, taxes, deductions, direct deposit distribution and generate reports, a frequent conversation topic with payroll futurists and HR keynote speakers.
• Time and attendance tracking – Software like Deputy, TSheets, that enable employees to log hours worked and managers to track time data.
• HRMS – Human resource management systems like BambooHR, Zenefits that integrate with payroll software for employee profile data.
• General ledgers – Integrated accounting systems according to payroll futurists like NetSuite, Dynamics 365 that connect payroll costs with general ledger expense reporting.
• Employee self-service – Online portals and mobile apps that allow employees to view pay info and update tax forms.
• Automated tax filing – Tools that integrate with government systems for filing and paying payroll taxes. Like ADP SmartCompliance, according to the best payroll futurists and HR keynote speakers.
• Electronic payment processing – For direct deposit distribution and vendor payments. Through platforms like Paycom, HSBCnet.
• Analytics – Built-in payroll analytics and dashboard reporting on labor costs, overtime, compliance metrics.
• Data integrations – APIs and interfaces that connect payroll systems with banks, government entities, and other HR platforms.
• Cloud infrastructure – Enables access to payroll from anywhere, scalability to add employees, and automatic software updates.
• Document management – Secure digital storage of payroll records and tax documents for easy retrieval.

By adopting these technologies, the best payroll futurists and HR keynote speakers today explain that payroll teams can reduce manual processes and deliver payroll efficiently, accurately and securely.