In Part One, we explored the personal and professional stakes of payroll precision, from its impact on employee trust and livelihoods, to its role in reducing costly errors. But knowing the problem is only the beginning—action is what drives change.
This continuation focuses on the solutions. From automation to faster payments, technology is transforming payroll into a seamless, efficient process. By prioritising the needs of payroll professionals and employees alike, businesses can turn payroll into a cornerstone of trust, efficiency, and growth.
Technology as the solution
A recent study by Sage found that among accountants, many of whom manage payroll, 86% were feeling burnt out. Efforts need to be made to relieve this burden by reducing repetitive tasks, minimising errors, and allowing payroll professionals to focus on more strategic, value-driven activities. When it comes to streamlining payroll, technology is a game-changer.
Automation doesn’t just reduce data-entry time; it minimises errors and allows payroll teams, accountants, and bookkeepers to operate efficiently. Certain accounting functions—especially payroll—are ripe for automation, which can cut costs and streamline processes, freeing time for other work.
Building a seamless payroll ecosystem with integration tools and Faster Payments can free up payroll teams to focus on strategic priorities instead of repetitive tasks.
Melek Pirgon, Chief Product Officer, Modulr
“We’ve built our payment tools by focusing on the processes businesses rely on every day. It’s about creating solutions that simplify workflows and support businesses where it matters most— ensuring every new feature adds value"
The need for speed: Embracing faster payments
Speed isn’t just a luxury in payroll—it’s a necessity. In a world where instant everything is the expectation, waiting days for payroll processing feels outdated. Faster Payments change the game, letting payroll professionals process payments at any time, not just within traditional banking hours.
Unlike the traditional three-day Bacs process, Faster Payments mean employees are paid within minutes. This flexibility is crucial for businesses dealing with unexpected payroll changes or errors. Imagine having the power to fix a payroll mistake and see the correction hit your employee’s bank account almost immediately. It reduces follow-ups, minimises employee frustration, and gives businesses an edge in efficiency and reliability.
Most importantly, it frees payroll professionals from the constraints of rigid timelines. No more processing payroll days in advance—Faster Payments give you back time and flexibility, making payroll less of a race against the clock.
Building a reliable payroll process
A smooth payroll process doesn’t just benefit employees; it’s essential for a business’ reputation and financial health. When payroll is accurate and timely, businesses avoid costs associated with employee turnover, compliance fines, and a tarnished brand image. The goal is to support payroll teams with technology that integrates directly with accounting software and uses Faster Payments to offer speed, accuracy, and reliability.
By choosing a solution that automates manual tasks, integrates seamlessly with your systems, and provides round-the-clock payment capabilities, businesses can make payroll straightforward and stress-free. Modulr’s payment solutions offer payroll teams a way to work smarter, not harder, ensuring that employees are paid on time every time.
Final thoughts: Why payroll precision matters
At its core, payroll is about people. It’s about ensuring employees are financially secure and satisfied with their jobs, which translates to loyalty and productivity. But it’s also about the wellbeing of the business itself. With tools like automation and Faster Payments, payroll teams can handle seasonal surges, reduce errors, and make payroll less of a monthly scramble.
For payroll professionals and businesses, the right payment solution is more than just a software choice—it’s a commitment to efficiency, accuracy, and employee satisfaction. So, is it time to rethink your payroll approach? With today’s technology, the decision has never been more critical.
