Payroll outsourcing

Payroll outsourcing involves the transfer of the entire payroll process to a third party. In order to effectively manage the payroll process in a timely manner, it is necessary to have knowledge and an understanding of this process, as well as to understand and monitor all legal and regulatory changes, which occur quite frequently. M&I Systems, Co. is currently among the well-known providers of complete payroll services (in the area of service outsourcing), as well as providers of payroll software in the context of product licensing. The entire process is tightly controlled by ISO standards and NDAs. The solution is customizable in line with the requirements and changes to payroll modality depending on the industry and the business. Also, the core product may, to a certain extent, be customized according to the needs of the companies’ business operations.

By transferring the entire payroll process to our team, your company achieves:

A minimum use of paper documentation in processes related to payroll
Reliability of payroll, as well as payroll and the calculation of other remunerations within the agreed deadlines
Payroll and the calculation of other remunerations for employees in accordance with laws and regulations, as well as the timely monitoring of changes in the legislation and regulations related to the payroll process
Tax management and insurance of deductions for remunerations, retirement savings and wage garnishments
Automation of the payroll process and the creation of reports in line with the clients’ requirements, as well as the timely creation and submission of necessary reports to the competent institutions
An advanced set of reports that go beyond legally prescribed and mandatory norms
Complete confidentiality of data during processing
The fixation of expenses related to the payroll process
The saving of time and financial resources, reducing the need for internal personnel resources trained for this process and no need to purchase software
The use of modern technology in the process