Is your business aiming to "go green" affordably? Do you want to reduce your carbon footprint and save money at the same time? With an ePayroll solution, your company can achieve both goals—and more! Here are the top five benefits of switching to an ePayroll system:

1. Saves Time and Money

As a small business owner, time is one of your most valuable assets. At Lumiere, we understand that your time is best spent growing your business, not handling payroll errors. With ePayroll solutions, you’re backed by an experienced payroll team and an efficient electronic system, making payroll processing seamless. If a rare system malfunction occurs, most ePayroll providers are insured, ensuring your business is not held liable.

While payroll itself doesn’t generate revenue, by reducing labor and administrative costs, an ePayroll system can contribute to your bottom line. Through simplified processes, automation, and minimized errors, you can reallocate resources toward areas that drive growth and profitability.

2. Secure and Reliable

Protecting sensitive employee information is essential, especially given the rise in identity and cyber theft. ePayroll systems offer high-level data encryption and secure servers, reducing the risk of data breaches. By going paperless, you also eliminate the possibility of physical pay stubs being lost or stolen. Top providers like Gusto, ADP, and QuickBooks Online Payroll offer advanced security features to protect your business and employees, making ePayroll a more reliable, secure solution.

3. Enhanced Employee Experience

A digital payroll system doesn’t just benefit employers; it makes life easier for employees too. No more lost pay stubs or requests for duplicate copies—ePayroll solutions allow employees to access their pay history and tax forms anytime, anywhere. Many platforms now include mobile apps for convenience, allowing employees to review their paychecks on the go.

With quick access to their payment history and tax documents, employees can better manage their finances, enhancing overall satisfaction and workplace efficiency.

4. Reduced Paper Waste & Storage Needs

According to the Paperless Project, “In the last 20 years, the usage of paper products has increased from 92 million tons to 208 million.” Much of that paper ends up in U.S. landfills, where paper waste is one of the largest components. On average, each American uses more than 700 pounds of paper annually, a significant portion of which comes from printed payroll documents.

According to the American Payroll Association’s  Getting Paid In America survey by the American Payroll Association, over 3% of Americans still receive paper pay stubs, and 72% still receive both paper and electronic W-2s. Implementing an ePayroll solution will not eliminate all paper usage, but it can substantially reduce it. Switching to ePayroll is a simple, impactful step toward a greener, more sustainable business.

5. Real-Time Payroll Data and Reporting

An ePayroll solution provides immediate access to real-time payroll data and comprehensive reporting. This benefit is invaluable when making financial decisions, managing cash flow, or preparing for tax season. Many ePayroll platforms offer customizable reports on wage expenses, overtime, and other critical data points that can be accessed anytime and help guide informed business decisions.

Leading ePayroll Providers in 2024

Here’s a quick look at some of the top ePayroll providers this year:

• Gusto: Known for its user-friendly interface, Gusto offers comprehensive payroll and HR tools, automated tax filing, and strong security measures. It’s an excellent choice for small and medium-sized businesses.

• ADP: A trusted industry leader, ADP provides scalable payroll solutions that can grow with your business. It includes options for benefits administration, HR services, and tax filing, making it ideal for larger companies with complex needs.

• QuickBooks Online Payroll: Perfect for businesses already using QuickBooks, this payroll system offers seamless integration with accounting and tax tools, along with automated payroll and tax filing.

• Paychex: Known for flexibility, Paychex offers solutions for businesses of all sizes. It includes payroll processing, HR tools, compliance assistance, and employee benefits management.

• Rippling: Rippling combines payroll with IT and HR services, offering unique features such as device and app management for employees. It’s a good choice for businesses seeking comprehensive employee management.

With Lumiere, we’re committed to helping clients save time, cut costs, and create more efficient workflows. An ePayroll solution does just that—and as a Lumiere client, you can relax while we handle the details of converting your payroll system.

Ready to go digital? Schedule a call to discuss how an ePayroll solution can benefit your business!