Payroll & HR in Microsoft Dynamics GP: Outsourcing vs. In House Processing
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Transcript of Payroll & HR in Microsoft Dynamics GP: Outsourcing vs. In House Processing
Payroll and Human Resources in Dynamics GP
Outsourcing vs. In House ProcessingMarch 28, 2012
Agenda• Internal Costs
• Ratio of time• Benefits of Outsourcing• Costs of Outsourcing• Costs of In House Processing• Benefits of In House Processing• Cost Comparison•What to Consider• Demonstration• Free Analysis
• Questions
Internal Costs
Where is your time spent?
Ratio of Time
In most, but not all cases, the ratio of time is as follows:– 35% - Time collection and approval– 10% - Time summarization– 5% - Adjustments to gross payroll– 10% - Entry or submission of hours\gross– 10% - Processing of Checks\Direct Deposit– 5% - Processing of Reports– 5% - Remittance of withholdings and employer taxes– 10% - Tax authority filings– 5% - Process other disbursements– 5% - Recording payroll into the general ledger
Benefits of Outsourcing
Save Time:Processing
ReportsRemittance
Tax Filings
Cost of Outsourcing
Submission Deadline
Inflexibility
Time Value of Money
Benefits of In House Processing
Cost/Employee Drops
Cash Management Improves
Flexibility
Access to Data
Improved Reporting
Costs of In House Processing
Processing Time
Processing Reports
RemittanceSoftware Fees
Withholdings
Cost Comparison250 to 500 Employees Year 1 Year 2 Year 3 TotalOutsourced Payroll $ 20,000 $20,000 $20,000 $60,000
GP Payroll for BRLPayroll Licenses $ 5,000 $ - $ - $ 5,000
Direct Deposit $ 2,000 $ - $ - $ 2,000
Federal Magnetic Media $ 750 $ - $ - $ 750
Support Plan $ 1,938 $ 1,938 $ 1,938 $ 5,814
Implementation Fees $ 12,500 $ - $ - $12,500
Annual Costs $ 22,188 $ 1,938 $ 1,938 $26,064
Yearly ROI $ (2,188) $18,062 $18,062 $33,936
What to consider
What other benefits can be derived at my organization?
Better Employee Service
Improved internal processing and reporting
Demonstration
• Direct Deposit• Checks• Payroll to Payables Integration• General Ledger Posting
Processing Payroll
• Smartlists,• SQL Reporting Services• Report Writer
Reporting
• Tracking Paid Time Off• Tracking Property, Licenses and Training
Human Resources Management
Free Analysis
• Review of your systems
• Findings documented
• Reviewed with your staff
• Highlight areas for improvement
• Discuss options & the related costs and benefits
Questions
?
Contact Information
• Bruce Lane– [email protected]– 412-220-5755
• Tina Featheringham– [email protected]– 412-220-5754