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The True Cost of Doing Payroll In-House
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Insight

The True Cost of Doing Payroll
In-House

At first glance, doing your own payroll can seem like the cheaper option. You already have an employee who can process it. You already have a payroll system. So why outsource?

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HOW MUCH IS YOUR PAYROLL REALLY COSTING YOUR BUSINESS?

Because the cost of payroll isn't just the price of the software.

Think about everything involved:

  • The time spent processing payroll
  • Keeping up with constantly changing legislation
  • PAYE, UIF and SDL reconciliations
  • Dealing with SARS and other third parties
  • Producing management reports
  • Making third-party payments
  • Managing leave
  • Producing and distributing payslips
  • Finding and correcting payroll errors

And then there's the biggest cost of all…

WHAT HAPPENS WHEN YOUR PAYROLL PERSON ISN'T THERE?

They're on leave.
They're sick.
They resign.
Or they're simply overloaded.

Suddenly, someone else has to figure out how your payroll works.

And payroll isn't something you want to be figuring out at the last minute.

THERE IS ANOTHER WAY.

Outsourcing your payroll means you don't have to build and maintain an entire payroll function yourself.

At iData, payroll is our business.

For more than 5 decades, we've been helping South African businesses manage their payroll.

We process payroll for nearly 300 companies, from businesses with just a handful of employees to organisations with more than 1,000.

And because payroll is what we specialise in, our team stays focused on the legislation, requirements and changes that affect your payroll.

SO, WHAT IS YOUR PAYROLL REALLY COSTING YOU?

Maybe the better question is:

How much could your business save by not having to worry about it?

Let iData become your payroll department offsite.

Talk to us about outsourcing your payroll.

iData — Payroll specialists within the South African legislative framework.

www.idatapay.com
[email protected]