Technology and Management Functions

Technology is far more than a tool for the forethought of Paychex line of products Solutions (PBS). Without technology, Paychex would not exist as the company it is today. Indeed, akin in many businesses today, the personal computing device (PC) has become a extremity (Regan & O?Conner, 2002). By performing machine-driven calculations for mingled payroll formulas and maintaining an electronic database, 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 mold accounts. However, there are ways in which Paychex management could measure up the current use of technology much(prenominal) as interfacing alert programs and eliminating repeat entry. Examples of Technology Uses at PaychexThere are many ways technology is use at Paychex. Like many businesses, technologies such as electronic mail, advanced phone system s, fax machines, and electronic data are integral to everyday business. However, there are other 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 apparently too complex and leaves many opportunities for human error if through 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 au! tomated calculations for payroll such as city, state, and federal taxes, wage garnishments, and other deductions for customers all over the coarse (Paychex Premier, 2007). By embracing technology for such calculations, management has make the task more accurate and fast than manual calculations. DatabaseAnother cranial orbit in which Paychex depends heavily on technology, the keep of a coarse customer database is crucial to everyday operations. instruction regarding a lymph gland?s employees is often needed at a piece?s notice. This... If you want to get a full essay, run it on our website: OrderCustomPaper.com

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