This webinar took place on 22nd February 2022.
Why now is the best time to bring your payroll in-house
With furlough and the constant payroll legislation changes now thankfully behind us, now is the perfect time to consider bring your payroll operations in-house. After the turbulence of the last two years, many businesses will be looking for ways to cut down on costs and build back lost revenue. Taking care of your payroll yourself rather than outsourcing to a an accountant or bookkeeper is a smart way of doing this.
In this webinar we will weigh up the pros and cons of bringing your payroll in-house to do it yourself versus your accountant doing your payroll for you. We will also explore what you need to look out for in payroll software, both to maximise these benefits and to make the transition as smooth as possible. Towards the end of the webinar, we will give you a short tour of BrightPay to introduce you to the world of payroll, and practical guidance on how to implement it. We will also be answering some questions from our audience.
Agenda
Current in-house payroll trends
Benefits of outsourcing vs. In-house payroll
Choosing the right payroll software
Quick tour of BrightPay
Questions and Answers
Webinar Information
For more information, please visit https://www.brightpay.co.uk/
Bringing payroll in-house: Don't let the fear hold you back
1. Bringing payroll in-house: Don’t let fear hold you back
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Bringing payroll in-house: Don’t
let fear hold you back
Agenda
Introduction
Current in-house payroll trends
Benefits of outsourcing vs. in-house payroll
Quick tour of BrightPay
Questions and Answers
1.
2.
Choosing the right payroll software
3.
4.
5.
6.
Today’s Webinar:
Bringing Payroll In-House
Last year, surveys showed that there was
a 12.6% increase in businesses who
decided to outsource their payroll to a
professional.
- Moorepay Annual Payroll Survey Report
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Outsourcing Statistics
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2021 Outsourcing Statistics
2. Bringing payroll in-house: Don’t let fear hold you back
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23% of new BrightPay customers have
come from businesses where they
previously outsourced
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BrightPay In-House Statistics
Compet itors Outsourced Ne
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2022 In-House Statistics
Payroll software should simplify furlough
processes for users
Why did less businesses process payroll in
house last year?
Furlough, the Coronavirus Job Retention Scheme and changing
payroll legislation
Employee absences were at an all-time high
Businesses didn’t have time to prioritise moving payroll in-house
Payroll software should simplify furlough
processes for users
Why now is the perfect time to bring your
payroll in-house
Furlough and constant payroll legislation changes are now behind
us
Businesses can build back Revenue that was lost as a result of
COVID-19
The first new tax year in three years where businesses have the
time to dedicate to payroll.
In-House Vs. Outsourcing
3. Bringing payroll in-house: Don’t let fear hold you back
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Benefits of Outsourcing Saves time and allows you to focus on
other business matters
Gives peace of mind that your payroll is
compliant
Gives peace of mind that employees are
being paid correctly
You don’t have to worry about GDPR or
security of payroll data
It saves money spent on training
employees
Benefits of In-House
Payroll Cost-savings (if you’re using the right
payroll software)
Greater flexibility and control
over the payroll data
Other HR features may be included at no
extra cost
Control over data security (no third-
party access to data)
Invite employees to their own online self-
service portal and app
In-house/Outsourcing price comparison
Outsourcing is typically
more expensive than
competitively priced
payroll software.
The more employees
you take on the more
you may have to pay
Reducing your
business outgoings
can help save money
Cost
when processing payroll in-house vs. outsourcing
Potential cost of training employees
depending on the payroll software
With easy-to-use payroll software, you won’t
need to be a payroll expert
There should be no additional / hidden
charges for important functionality
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In-house payroll means instant access and
control over the reports generated
Quick and easy answers to questions instead
of waiting on a third party
Increased flexibility to produce payroll reports
and detailed, customisable analysis
Payroll Reporting
when processing payroll in-house vs. outsourcing
Control & Flexibility
when processing payroll in-house vs. outsourcing
You may not have the same flexibility when
outsourcing payroll
In-house payroll means absolute control over
payroll scheduling
Flexibility to correct errors or make last minute
changes to the payroll instantly
Workload
when processing payroll in-house vs. outsourcing
Data entry doesn’t need to be as time
consuming or as difficult as you imagine
Is there a genuine time saving when
outsourcing your payroll?
You still need to spend time preparing and
providing the payroll data
Data Security
when processing payroll in-house vs. outsourcing
Secure payroll systems should provide added
security features
In-house payroll gives you greater security
about the safety of personal data
You can protect private information such as
employees’ salary details
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DIY Self-Service Access
when processing payroll in-house vs. outsourcing
Enables employees to streamline routine payroll
tasks by doing it themselves
Payroll software with integrated HR
functionality can simplify HR tasks
Online employee access to personal data,
payslip library and annual leave calendar
The benefits of self-service portals and employee payroll
apps
HR Documents – Store employee information in one secure location
Simplify leave management – Instantly approve leave requests
Saves processing times – Eliminates time spent distributing payslips
Fewer calls to HR – Employees can answer their own payroll queries
Direct API Integration
With accounting, bookkeeping and payment software
Pay employees, subcontractors and HMRC
directly through the payroll software
Minimise the amount of manual data entry you
need to complete
Create wage journals to send directly to the
accounting software
In-House Benefits
Reduced business overheads and potential cost savings
1.
Increased control over payroll reporting
2.
Internal flexibility over last-minute changes
3.
Minimal reduction in workload
4.
Streamlined HR and annual leave processes
5.
Self-service online access for employees
6.
Increased accurate reporting in accounting software
7.
6. Bringing payroll in-house: Don’t let fear hold you back
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Choosing the right software
Do you want a laborious or quick and
easy payroll process?
Find out what options are available –
will they make your life easier?
Do the benefits outweigh the benefits of
outsourcing your payroll?
There are a lot of different options and
this can be overwhelming
5-Star Rating on
Software Advice &
Trustpilot
Payroll Software of
the Year 2021 & 2019
330,000 Businesses
in the UK & Ireland
Years’ Developing
Payroll Software
30
Reasons to Choose BrightPay
Excellent Customer Support
Migration Assistance
Responsive to Payroll Updates
Competitive Pricing
No Hidden Extras
Optional HR Features
A Quick Tour of BrightPay
7. Bringing payroll in-house: Don’t let fear hold you back
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Available on
Windows & Mac
Activations Per
BrightPay Licence
10
Desktop-Based
Payroll Software
Optional Cloud
Add-On
BrightPay Connect
Employee Smartphone &
Tablet App
Standard
For individual employers.
Bureau
For payroll service providers.
One employer
Unlimited employees
For large employers
£229
One employer
Up to 25 employees
For medium-sized employers
£169
One employer
Up to 10 employees
For small employers
£109
One employer
Up to 3 employees
For micro employers
£59
Unlimited employers
Unlimited employees
For large payroll bureaus
£559
Up to 25 employers
Unlimited employees
For medium-sized bureaus
£449
Up to 10 employers
Unlimited employees
For small payroll bureaus
£279
NOTE: Prices are per tax year and exclude VAT.
100 employees £30.21 per month
250 employees £63.21 per month
500 employees £108.21 per month
1000 employees £173.21 per month
1 employee £0.54 per month
5 employees £2.26 per month
10 employees £4.21 per month
25 employees £9.46 per month
50 employees £17.21 per month
Example Monthly Bills
Monthly subscription based on number of employees
8. Bringing payroll in-house: Don’t let fear hold you back
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Help Guides &
Video Tutorials
Free Phone &
Email Support
Free Online
20 Minute Demo
Free 60 Day
BrightPay Trial
“As a small business, BrightPay has
enabled us to keep control of payroll
processes in house. We are definitely
more efficient despite the increasing
demands of auto enrolment. Very
satisfied with BrightPay.”
Penny Quilter, Quilters
“I love how user friendly BrightPay is for both CIS and
Payroll. People tell me to use an accountant because
they think that it is easier. It is a false pretence and with
this software it makes you feel like a pro with its simple
functionality. All reports are easy to find and tailor.
Being able to email all documents is truly great, add in
time saving and environmentally friendly. The amount
we pay as a company to BrightPay is justified and I
always recommend them.”
Sarah King, Sherborne Utilities Ltd
“I was worried about bringing our payroll back in house for me to
do and then I discovered BrightPay - WOW! It’s such as easy, straight
forward, total package I can’t believe what it costs in relation to
other payroll software annual licenses. We are now so much more
flexible than before having to pass all the info to the bureau for a
certain date it’s a dream. If you’re thinking about it, do it you’ll save
a fortune.”
Graham Paterson, Verytas Solutions Ltd
“Have just started using BrightPay this financial year,
having taken over from our accountant. Really easy to
use and plenty of helpful support. 10/10.”
Stephen Irish, The Mountain Air
“Recommended by my accountant to save money in the
first instance but also to have a product more suited to
my needs - foolproof!”
Sally Avery, R W Avery
Questions &
Answers
5-Star Rating on
Software Advice &
Trustpilot
Payroll Software of
the Year 2021 & 2019
330,000 Businesses
in the UK & Ireland
Years’ Developing
Payroll Software
30