If you are running a successful business, you know how important it is to have a properly functioning human resource department. Within the human resource department, payroll is the single most important function. Now that more innovative HR technology is made available, companies have started to implement it. In a recent survey, 84% of companies claimed they were about to upgrade or purchase new HR technology.
Out of the many solutions available in the market, HR Cloud payroll is the most innovative and easiest to implement. So, what is HR Cloud Payroll in Egypt? HR cloud payroll is a remote system that relies on cloud technology. It has the ability to store programs and an endless amount of data that is accessible from any device or computer as long as you are connected to the internet. On the surface, the cloud system may look complicated but it’s actually a straightforward process.
Why Your Business Should Invest in Cloud Payroll in Egypt?
There are many benefits of implementing cloud payroll in Egypt and just looking at those benefits you will be able to understand how easy it can be to manage payroll information. From processing timesheets to calculating tax information, from applying retirement funds to issuing payments, there are no tasks the HR cloud payroll cannot perform.
- Cost Saving
Out of all the HR technology that is available in the market, cloud payroll is the cheapest option. Obviously, any kind of technology that expedites your business processes will help you save money, but the beauty of cloud payroll is you won’t have to spend money on maintenance, IT team or security. All these issues are taken care of by the cloud service provider. A reliable company will provide you with ongoing support. You will not need to install any expensive equipment because everything will be accessible on the browser from any device.
- No Upgrades Required
Cloud payroll will also never be obsolete because there won’t be any need to upgrade the software or buy new hardware as your company continues to grow. Your cloud payroll in Egypt solution will grow along with your business processes. For that reason, cloud payroll makes for an excellent purchase for businesses that experience seasonal peaks.
- Convenience Options
Since cloud payroll is accessible anywhere and at any time, you can log in and start working whenever or wherever you desire. It doesn’t matter if you are travelling, on a lunch break or attending a seminar, you will have constant access to payroll. This will also allow you to deal with emergencies even when you are not in the office.
There is a common misconception that cloud services are not secure. In fact, cloud services are much safer than other HR technology. For starters, you don’t have to worry about keeping servers on-site, which means your data is safe from damage.
Is Cloud Payroll in Egypt Secure Enough For Businesses?
it does not come as a surprise that data security and protection are two key concerns for employers when evaluating payroll systems. According to research, many businesses prefer sticking to on-premise payroll software in order to minimize the risk of external attacks.
They believe that employee data is at less risk and more secure on their own services, rather than storing it on the cloud. However, this perception has only slowed down the adoption of cloud payroll in Egypt, which let’s face it – is a more efficient and affordable option than on-site payroll software.
While security concerns may be keeping more businesses from moving their payroll processes to the cloud, the businesses already there are quite positive about the security of their data. 96% of small-to-medium-sized businesses using payroll software are confident that their employee data is protected from unauthorized access.
Security is one of the main benefits of the cloud as they offer additional levels of support and security that cannot be found in traditional payroll systems, such as guarded protection of physical servers, regular security audits as well as staff dedicated to monitoring threats. Moreover, many vendors also provide strong levels of encryption, whereas servers maintained on-site may not have the same level of protection to offer.
While cloud payroll in Egypt will bring you added levels of security, it is still important for businesses to take internal security precautions to prevent any unfortunate incident. Since these systems can be accessed remotely, businesses must ensure access is granted to authorized individuals only.
Here are some simple ways you can keep your employee data secure:
- Early Detection – It is highly recommended that businesses train employees to identify the signs of phishing emails. In addition, they should be told never to provide their payroll credentials into a website or form linked in an email.
- Strong Password – When it comes to login credentials, you should always follow the best practices. Remember, your password must be long, and include special characters, letters and/or numbers.
- Two Factor Authentication – This requires users, after entering the password, to provide a secondary form of identity verification. Methods range from an email to a text message on your mobile devices that creates a unique pin.
Cloud payroll in Egypt presents businesses with a wide range of benefits, including strong levels of security, lower front up costs, etc. However, despite the fact that employee data is extremely secure on the cloud, businesses too need to play their part by investing in security monitoring, encryption and SSL technology to ensure their systems are not compromised.