_____________________________________________________________________________________________________________ Payroll
that companies remain in control of sensitive payroll data while leveraging external expertise for administrative tasks.
Technology as a gamechanger in payroll
The most significant transformation in payroll is being driven by advancements in
technology. Cloud-based payroll solutions are reshaping the way construction firms manage their workforce, providing realtime access to payroll data, automating tax compliance and integrating seamlessly with accounting software.
Automated pay runs significantly reduce manual processing and the risk of errors. By streamlining payroll through automation, construction firms can ensure that payments are made on time and with precision, reducing administrative overhead. Seamless integration between payroll systems and accounting software enhances financial reporting accuracy and provides real-time financial insights. This connectivity allows businesses to maintain clear financial oversight while reducing the need for manual effort to align payroll data with accounting records.
Multi-user access is another gamechanging feature, enabling HR, finance, and project managers to collaborate in real time efficiently on payroll tasks. With defined user permissions, different teams can access the payroll information they need without compromising data security. Compliance updates are also automatically integrated into cloud-based payroll systems, ensuring alignment with government regulations and minimising the risk of compliance breaches.
A major advantage of cloud-based payroll systems is their ability to provide valuable payroll insights that support strategic decision-making. Instead of viewing payroll as a routine administrative task, construction firms can leverage payroll data to track labour costs, predict future workforce needs, and enhance financial forecasting.
Looking ahead: payroll as a strategic asset
For construction firms, payroll is no longer just a function of paying employees- it’ s a critical component of financial health and business strategy. The key to success lies in embracing technology, streamlining processes, and staying ahead of regulatory changes.
A well-designed payroll system should empower businesses, not burden them. By leveraging automation, integrating intelligent insights, and ensuring compliance, construction firms can transform payroll from a cost centre into a competitive advantage. As the industry continues to evolve, construction leaders must ask themselves: Is my payroll system keeping up? If not, now is the time to modernise, streamline, and futureproof payroll operations. ■
Pauline Green www. Intuit. com
Pauline Green is Head of Product Compliance & Programs at Intuit QuickBooks UK. Intuit is a global financial technology platform that powers prosperity for the people and communities it serves. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks and Mailchimp, it believes that everyone should have the opportunity to prosper.
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