March 24, 2021
How data will help the payroll function add value to businesses
The future of payroll — where the industry is heading — is one touch. By harnessing artificial intelligence (AI) and machine learning (ML), businesses will be able to comb through all of the systems that generate payroll information, gathering a vast swathe of data. Technology can then perform all relevant calculations, create all needed reports and, in due course, initiate payments and manage exceptions. Implementing leading technology can help payroll unleash a whole set of benefits for both organizations and their employees. An EY article provides details.