Outsourced payroll is where a company hires an external organisation to handle their payroll function. Often referred to as ‘managed payroll’ or ‘back office payroll’, it’s a low-risk solution to your payroll problems. Using an external payroll provider ensures your employees get paid each month, without the hassle of doing it in-house.By giving another company this responsibility, you can rest assured that your employees will get paid in full and on time, every time. What’s more, it’s compliant, reduces your administrative burden, and saves you money.
WHAT IS OUTSOURCED PAYROLL?
GROW YOUR BUSINESS
Outsourcing your payroll function to a third party provider can be daunting. It’s a big decision, which requires a great deal of trust. At Danbro, we understand how difficult it can be to hand over the responsibility of paying your employees.
With almost 25 years’ experience, Danbro will manage your payroll for you, providing sophisticated, transparent reports to keep you in control. We’ll take care of your employees’ pay packets, giving you more time to do what you do best, and allowing your business to grow.
WHAT ARE THE BENEFITS OF OUTSOURCING PAYROLL
There are many ways in which outsourcing payroll can benefit your business.
Compliance
Outsourcing to a reputable provider will keep you compliant with the latest regulations and any changes to the law. This includes things like GDPR and PAYE. They’ll also verify each stage of the payroll process, leaving no stone unturned in terms of malpractice or improper conduct.
Time
Running your own payroll can be a lengthy process requiring valuable resource, which could be better spent on achieving your business goals. An external provider will remove the stress and responsibility of paying your staff, as well as freeing up the time you currently spend on admin.
Cost
Outsourcing will help you escape the cost constraints of an internal payroll process. You’ll also avoid the need to invest in extra staff, training and payroll software. Not to mention any potential fines or fees in the event that something gets missed.
Efficiency
Using a payroll provider reduces the risk of potential errors whilst giving you all the benefits of their experience and expertise. Managed payroll services mean less errors will be made and a higher level of accuracy is achieved. It’s an effective, low-cost alternative to running the function in-house. The best providers are also able to deliver tailored solutions to suit your business for maximum efficiency.
WHAT DOES DANBRO’S MANAGED PAYROLL SERVICE INCLUDE?
At Danbro, we only charge for the number of payslips we process. This makes cost predictions nice and straightforward. Our service is completely flexible and focused on your needs, with no tie-ins. As well as taking care of your payroll, we always remain up-to-speed with the latest legislation, so you don’t have to. We’ll check, process and make sure all your payments adhere to regulations. So, if there’s something on the horizon that might affect your core business, we’re here to help you adapt.
From as little as £2 per payslip, we can provide a comprehensive outsourced payroll service. This includes:
• A host of payment options
• Processing your timesheet and pay information
• RTI (Real Time Information) submissions to HMRC
• Pension (Auto Enrolment) administration, reporting and guidance
• Bespoke management reports
• BACS payment management
• HMRC BACS payments
• We’ve designed our award-winning services with you in mind. So, you can rely on us to deliver the best advice, information & solutions.
Why Choose Danbro
We’re passionate about people; putting you, our customers, at the very heart of what we do. For two decades, we’ve been working with businesses of all sizes, delivering exclusive payroll services to organisations just like yours.
Back in 2014, we began working with MyMobileWorkers. Back then, they were a small business whose finance function was performed by management staff in their spare time. Since joining Danbro, the company has grown exponentially. Both their turnover and employee roster has doubled during that time. As for their payroll function, according to MD, Graham Whistance, ‘thanks to Danbro, that’s all taken care of.’
“Before we switched to Danbro, it was a combination of myself and other unqualified members of the management team who took care of the financial side of the business, week in, week out,” he said. “Finding the time to do things was a real struggle. We needed someone to remove that burden and bring much more professionalism and support to the finance function.”
“Danbro took the time to come in and show what they could do for us. What they presented looked and sounded like exactly what we wanted. It’s has been that way ever since,” he added. “The service Danbro provides includes processing payroll and managing accounts. They also conduct weekly bank reconciliation and weekly debtors and creditors’ runs. Their regular visits to our offices make a huge difference.”
“Outsourcing is always a concern. Particularly with something as important as finance and payroll. If it doesn’t work, you’ve put all your eggs in one basket. Danbro understand our business and behave like our personal finance team. They pay for themselves.”
You can watch Graham’s interview, in full, here.”
