How to choose the best payroll service provider?

Choosing a payroll service provider is an important step in a company's development, but it can also present significant challenges. Payroll is a rapidly evolving field that requires constant attention and up-to-dateness. 
 
Large-scale payroll involves many different aspects that require knowledge of the law, technical competence and constant availability. The workload of payroll accountants is often uneven, concentrating at the beginning of the month. It is important to choose a reliable service provider to reduce stress and effort. There are a variety of service providers on the market, from simple payday solutions to complex systems that also include HR management. 
 
What criteria should be taken into account in order to find the most suitable solution for your company? Here are seven important aspects to consider when choosing a payroll service provider.
 
  • Daily customer support: Reliable customer support is essential to deal with the day-to-day changes in payroll.
  • Automation: Errors are reduced and accuracy is increased when payroll is automated.
  • Inspection process: Quality payroll ensures that you are up to date with legislative changes and follow all processes.
  • Integrations: It is important that the system supports the accurate calculation of hours of scheduled employees.
  • Reasonable fees: A good service provider does not charge high premiums for adding rewards and bonuses.
  • Detailed reporting: The reports provide valuable information on labor costs and hours worked.
  • Integration with existing software: Choose a solution that is compatible with your current software to avoid future data transfer problems.
Choose a payroll service provider that fits your company's needs and budget, and ensure smooth payroll and worry-free business management.
 

Talk to our financial expert

Digital solutions are not a luxury, but an essential part of management

Grow Finance offers data-driven and automated financial management, helping clients make strategic decisions.

Experience story: Internship as a financial analyst at Grow

Read about the experience and feedback Sixten gave during her financial analyst internship at Grow Finance.

Change in audit and review thresholds for the 2024 annual report

The increase in audit and inspection thresholds that will come into effect in 2025 requires companies to prepare in a timely manner.

Summary of new tax rates and changes to tax-free thresholds coming into effect in Estonia in 2025

In 2025, several taxes and excise rates will increase in Estonia, affecting both individuals and companies.

What does an Estonian company need to know if the place of service provision is Finland?

When providing services in Finland, an Estonian company must take into account tax agreements, registration obligations and possible requirements for a permanent place of business.

Security tax 2025-2028

The security tax increases VAT and adds 2% income tax to individuals and corporate profits to increase the state's [...]

Myth - the accountant is infallible

What is the human and artificial intelligence error rate in accounting?

Amendments to the VAT Act 2025

Next year, entrepreneurs will face several changes to the VAT Act. Read more about which ones.