Technology and Management Functions

Technology is far more than a tool for the oversight of Paychex line of products Solutions (PBS). Without applied science, Paychex would not exist as the company it is today. Indeed, handle in many businesses today, the personal ready reckoner (PC) has become a extremity (Regan & O?Conner, 2002). By performing self-winding calculations for mingled payroll department formulas and maintaining an electronic entropybase, technology reduces world errors and centralizes information. In addition, electronic Funds Transfers (EFTs) every last(predicate)ow customers to electronically receive their paychecks immediately into their ricochet accounts. However, there are ways in which Paychex management could modify the current use of technology much(prenominal) as interfacing alert programs and eliminating pronged entry. Examples of Technology Uses at PaychexThere are many ways technology is employ at Paychex. Like many businesses, technologies such as electronic mail, advanced phone systems, fax machines, and electronic data are integral to everyday business. However, there are other(a) uses of technology specific to the payroll business. Automatic CalculationsPerhaps the most(prenominal) useful practise of technology at Paychex, the automatic calculations performed by various computer programs save both time and money. Often, in calculations involving taxation, the process is just too complex and leaves many opportunities for human error if make manually (Christian, 2006). The Human Resource teaching Systems (HRIS) program used by Paychex handles many complex benefits calculations.

In addition, the proprietary payroll! program performs many automated calculations for payroll such as city, state, and federal taxes, wage garnishments, and other deductions for customers all over the sphere (Paychex Premier, 2007). By embracing technology for such calculations, management has make the task more accurate and fast than manual calculations. DatabaseAnother firmament in which Paychex depends heavily on technology, the keep of a coarse customer database is crucial to everyday operations. instruction regarding a customer?s employees is often needed at a minute of arc?s notice. This... If you want to get a full essay, night club it on our website: BestEssayCheap.com

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