BambooHR Adds Payroll Tool to HR and Benefits Administration Solutions

BambooHR Adds Payroll Tool to Administration Solutions

BambooHR added its Payroll experience to its suite of human resource (HR) and benefits administration solutions.

The new offering is designed to simplify the payroll process, reduce processing time and provide an exceptional experience for both employers and employees, the company said in a Tuesday (Sept. 12) press release.

With BambooHR Payroll, HR professionals can save time and eliminate tedious tasks through automated time tracking, the elimination of double data entry, and the calculation of employee compensation, deductions and taxes, according to the release. This streamlines the payroll process and reduces processing time by up to 80%.

BambooHR Payroll has an interface that allows HR professionals to manage employee records, track payments, generate reports and ensure compliance with federal, state and local regulations, the release said.

Employees can view pay stubs, make edits to withholdings or direct deposit, and access their payroll information through the BambooHR payroll portal or mobile app, per the release.

The IRS found that 33% of employers make payroll mistakes that result in government penalties and employee distrust, according to the release. BambooHR aims to eliminate these errors and ensure accurate and timely paychecks for employees.

Payroll is the latest solution to be launched by BambooHR, which has been a partner of HR professionals for over 15 years and supports 32,000 companies in 150 countries and 50 industries, the release said. The company focuses on automating, centralizing and connecting employee data in one place, and supporting HR responsibilities with payroll, time tracking, benefits, performance and reporting solutions.

In another recent development in the HR space, HiBob and Papaya Global said Sept. 5 that they have partnered to offer a solution that unifies HR and payroll management for multinational companies. The integration of their capabilities will enable customers to automatically sync HR data, eliminating the need for time-consuming manual processes while ensuring transparency, visibility and compliance, the companies said at the time.