--- title: What is a forward-looking payroll system? date: 2017-12-21T07:54:15Z modified: 2023-03-02T08:25:10Z permalink: "https://grow.ee/milline-tulevikku-vaatav-palgamaksmise-susteem-ja-millega-tuleviku-osas-arvestada/" type: post status: publish excerpt: What keywords should be kept in mind when it comes to future accounting? Let's highlight the most important aspects that a forward-looking payroll system should take into account. wpid: 4860 timestamp: 2023-03-02T08:25:10Z tags: - Accounting --- In connection with the upcoming changes in payroll accounting in 2018, there has certainly been a lot of thinking about this topic. Is my payroll accounting modern enough? [Are we ready for the needs of the future](/?p=4836)? Could I offer my employees, managers and accountants more modern solutions today? What keywords should be kept in mind when it comes to future accounting? Below we list **the most important aspects that a forward-looking payroll system should consider**. ## Borderless workforce and payroll system Today, many modern workplaces already have office-free workplaces and **employees from all over the world** – of different nationalities, languages, cultures and with different expectations. Perhaps the simplest problem is that today's most common payroll programs in Estonia struggle with issuing payslips in different languages. Countries are used to seeing very different information on payslips – while the French are used to receiving a very comprehensive overview, other countries may not have the custom of sending payslips to employees at all. In addition, there are over 2 billion people in the world who do not have a bank account – how can we settle accounts with them? Is today's payroll system ready to pay salaries in cyber currencies? ## Generation Z Gen-Z needs to be thought about today. Although the initial title of "snowflakes" is certainly too harsh, this generation needs more care and love for their efforts. **They want a career without boundaries**, that is, employers who would help them realize their dreams, and at the same time do everything that fascinates them. They do not want to fit in with an employer whose values do not match. The employer must be ready to communicate with them and their affairs in a modern way. Salary information, performance, measurements, working time tracking: all this must be done through user-friendly mobile devices (one press of a button and everything happens). Considering the specifics of the generation, of course, the same device must also conveniently find well-earned massage coupons, a surprise vacation at the spa, and a gift card to a bookstore before Christmas! ## Communication with employees Employees should have the opportunity to communicate with their payroll system themselves. Both the HR manager, the direct manager and the employee could all **communicate on the same "self-service" platform**, where employees could fill in and update their information, request leave, view payment information, etc. At the same time, managers could agree to leave and, for example, assign bonuses. ## Cloud and integration **The future** [**payroll must be in the cloud**](https://grow.ee/services/raamatupidamine/) and be easily and cheaply integrated with other systems. Even today, the most powerful systems can monitor the funded pension, notify the employee register and send salary payments to the bank. The payroll system could read the sales program from the sales program about the performance of sales employees and the production program about the pieces made by the production worker and send it to the correct expense lines in the accounting program so that the necessary dimensions, objects and projects are attached. Managers could then monitor the costs of different work sections at low cost, increase efficiency and find bottlenecks. ## Predicting the future Looking at the expectations of managers, we believe that the system of the future must also be able to answer the question – **what is happening**? Based on analysis and correct data, it is possible to predict employee movements, illnesses, vacations and the institution's need for additional labor. Considering that Gen-Z is fickle, good data analysis can be used to prepare for their needs. ## Accounting service that takes into account the future In addition, **automation and reduction of labor** will affect labor-related needs in the future. We should already ensure today that all activities that allow automation are at least considered and that employees do not perform tasks that robots can handle better. Reality may be complex and harsh, but Grow is ready for the future – **order our forward-looking accounting service today and don't miss the train**! Unfortunately, taking all of the above into account is simply too difficult for one person. If you would like to consult with us on any issues or order our service, send an e-mail immediately to ja oleme koos tuleviku vajadusteks valmis.