Simplify your business compliance with integrated payroll and accounting systems from Sage

Ensuring your business is compliant with laws and regulations is critical in South Africa, and requires the right tools and systems to be done properly.

Leading financial software provider Sage knows this and has built its payroll and accounting software systems with a strong focus on making compliance as easy as possible.

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Businesses that use Sage Payroll and accounting software solutions will save time and money on compliance-related activities, thanks to how these tools work together seamlessly.

We explain how Sage Payroll and accounting software solutions simplify compliance for your business, below.

Centralise financial data

The best way for businesses to simplify their compliance is to centralise their financial data.

By having easy access to a wealth of accounting and payroll data in one place, businesses do not have to worry about the complexity of ensuring data is stored securely and compliantly in multiple locations.

Sage software solutions can then generate key compliance reports with ease, including tax filings and employee wage records.

A centralised payroll and accounting ecosystem also saves organisations time and money, as your employees do not have to waste working hours transferring data between different locations while ensuring they are abiding by all appropriate tax and labour regulations.

With Sage software solutions, your business can rest assured employee data private information will be always protected, too.

Avoid human error

When managing payroll and financial data manually, companies expose themselves to human error. This can contribute to huge cost-related and time-related issues.

By centralising financial records into a single integrated system for payroll and accounting, businesses eliminate the need for repetitive data entries – reducing the possibility of human error.

Human error is further reduced by using machine learning in Sage’s centralised, cloud-based payroll solutions.

Additionally, Sage can automatically detect if an entry is likely a mistake or fraud – and will notify you immediately.

By handling these potential issues as soon as they happen, your business avoids serious future problems.

Employee satisfaction

Another huge benefit of a consolidated, cloud-based payroll system is improved employee satisfaction.

Inefficient systems result in late payments, incorrect payslips, and a wide range of payroll issues that lower employee morale.

A high-quality consolidated payroll and accounting system eliminates these risks, ensuring your employees are paid on time and accurately while also safeguarding your business’s cash flow.

Integrating payroll and accounting with Sage

Sage offers two key software solutions to local businesses: Sage Payroll and Sage Accounting.

Importantly, both form part of the Sage financial ecosystem – meaning they work together and integrate seamlessly.

Once integrated, you can effortlessly link your Sage Payroll with Sage Accounting and enjoy the benefits of a centralised payroll and account ecosystem that delivers a comprehensive real-time view of your finances.

Click here to learn more about Sage.