Payroll. It's a word that evokes a visceral reaction from most business owners. (And, let's be honest, business software vendors, too!)
It can be a real black hole for staff and management time — and expense. The very definition of something that's not a core competency for really any business BUT a payroll provider. Something that, in a nutshell, begs to be outsourced.
Our friends at Heartland, the credit card processor, have put together a handy infographic that explains the many reasons you might want to outsource your payroll. I've attached below as a PDF for your conenvience, too.
Most xTuple customers do just that — and we'd be happy to help you get set up with the provider of your choice. Or of course, if your business requires that you run your own, we can support that too, through an integration with the open source TimeTrex system.
Contact xTuple professional services today to learn more about the top reasons businesses outsource payroll:
- Complexity (wreaks havoc on bottom line, if done incorrectly)
- Efficiency (time is money)
- Expediency (supporting your employees)
- Serenity (peace of mind)
Photo credit, creative commons on Flickr: 401kcalculator.org
Ned Lilly
In October 2001, Ned co-founded xTuple, originally called OpenMFG, with the aim of bringing the worlds of open platform software and enterprise resource planning (ERP) together to solve the unmet needs of small- to mid-sized manufacturers. In 1999, he was a co-founder of Great Bridge, an early business built around the PostgreSQL database which is also the core technology for xTuple today. Great Bridge was incubated inside Landmark Communications, a mid-sized media company where Ned directed corporate venture investments, mergers and acquisitions (M&A) and startup activity. Prior to Landmark, Ned worked for a regional technology group in Washington D.C. and had a brief first career in political media — television, radio and a non-partisan news wire. He holds a B.A. from the University of Virginia and an M.A. from George Washington University.