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SumoPayroll is a cloud-based payroll and HR management solution. 10 Free Payroll Solutions for Small Businesses 1. This is why in today’s post, we’ve compiled the top 10 free payroll software for small businesses that you can access anytime, anywhere, on the cloud. This is when you take into account the fact that businesses with cloud-based accounting solutions have five times more customers than those without. When looking at payroll processing software, it’s prudent to future-proof your investment by choosing a cloud-based one. Those businesses that found this connection are already leveraging modern robotics and automation platforms, AI, cognitive automation and insights, cognitive engagement, and engagement solutions. In most cases, however, addressing lingering inefficient processes simply involves resolving the technological limitations that cause these widescale inefficiencies. The themes of the two studies highlight the challenges that face payroll departments today. This is in sharp contrast to the 44% figure in a similar 2018 study. To this end, 88% of industry respondents say they either have a global payroll strategy or have plans to develop a strategy. Another 2020 study, this time from Deloitte, underscores the growing acceptance among industries to develop a global payroll strategy amid the onslaught of the COVID-19 pandemic and the accelerating shift toward global digital transformation. This is where free payroll software solutions, like the ones below, come in.Īccording to a 2020 Hackett Group research, the top-performing payroll organizations have a cost per payslip that is 50% lower than non-top performing organizations. At this crucial time, you need to rely on more affordable options so that you can focus on earning a profit to help your business grow. Hence, a free payroll processor can be a huge weight off one’s shoulder when you’re just a startup. Payroll, one of the core processes of every business, is particularly expensive. This is as true for payroll as it is for other solutions. This means choosing a free application over a paid one doesn’t necessarily equate to compromising quality. The IBM Systems Journal revealed that free software and proprietary systems are roughly equivalent in terms of security and reliability. This is alongside its custom payroll models and consolidated employee information. However, the features and functionalities that the tool offers are not limited to payroll it can also take care of other HR processes. The best free payroll software for small business is SumoPayroll, primarily because it offers a free payroll plan.