Your business case will need to identify the costs associated with your legacy system and the potential hard- and soft-cost savings that could be realized by investing in a new payroll solution. Key areas of cost and opportunity include:
After identifying the cost savings that can be realized from a new payroll solution, it’s time to create a compelling argument to present to leadership. For payroll, important business goals include streamlining processes, eliminating manual processes, reducing costs, and boosting productivity while improving compliance and controls. It’s important to determine who the project’s key stakeholders will be so you can address their specific concerns. As you complete your business case, make sure that you’ve linked each new technology improvement to a potential benefit that aligns with the company’s goals.
Download this informative white paper today for more information on how you can develop a convincing case for investing in modern HR and payroll technology.