Payroll bureau Bookwise has gone-live with a payments tool from Albany to suit its bureau business processes. The Albany solution assists Bookwise in managing its 500 nationwide clients and processing 20,000 salary payments a month, saving time and resources by reducing manual processes and subsequently increasing efficiencies.
Bookwise payroll service is all-inclusive, incorporating all aspects of PAYE, ancillary payroll and personnel functions to companies large and small across the UK. Having discovered that its previous third-party payment software could not provide the functionality needed for the Bacs-approved payroll bureau, Bookwise looked elsewhere for a solution.
Simon Bird, founding partner at Bookwise, said: “We selected the Albany Software solution because it is fully compliant and tailored specifically for the use of a bureau organisation, enabling bureaus to deliver a robust and reliable service to their clients. We are essentially acting as an organisation’s payroll department, so it is integral that we pay people’s wages on time and keep our clients’ employees happy. The solution is user-friendly, transparent and provides unlimited user-numbers which can be adapted to facilitate future business growth.”
Bookwise is also using disaster recovery software from Albany Software, ensuring that the its critical data is securely protected. Bird said: “As a payroll bureau, secure and reliable IT is very important to us and it is imperative we have a proven disaster recovery strategy in place. Albany Software’s support team installed the software onto my laptop so that if ever there is a power surge, or there is nobody on site to make a transmission, I can simply access the system remotely and carry out whatever is required.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.