Both billing and electronic payroll are part of a new online ecosystem that allows companies to optimize their digital transformation processes. Beyond improving the tax collection base, it evolves the settlement or portfolio management systems, reducing times and costs in the operation.
Electronic payroll is an automated solution that allows greater traceability of information, control of payments and digital repository . This is a change that has been accelerated by the pandemic and has led companies to evolve and take advantage of the opportunities of the online era from electronic invoicing and payroll.
Electronic payroll: business transformation opportunities
Colombia is a pioneer country in Latin America in the field of electronic payroll. This is a technological solution that leverages the automation of processes and seeks to be connected with companies and businesses throughout the country to improve tax collection through the Directorate of National Taxes and Customs -DIAN . Its objective is focused on making manual payroll processes , which were previously carried out in Excel or documents, operate automatically and connected to the DIAN. How do they do it in Chain ?
“At Cadena we have integrated and automated the manual processes of electronic payroll. This has allowed us to reduce and achieve time savings of 70% , that is, procedures that took up to 20 days to carry out, now we do it automatically in a week”, says Juan Calle, Manager of the Chain’s financial process.
Cadena offers electronic services accompanied by technologies of the Fourth Revolution such as Artificial Intelligence and Big data . This makes it possible to cover both companies that liquidate between 10 and 20 collaborators and companies that must pay 10,000 or 12,000 employees.
Electronic payroll key points
- Less probability of loss or leakage of information and constant traceability of the same throughout the payroll process.
- Data protection and security .
- Automation of processes, reduction of time, money and physical effort.
- Personalized reports according to the needs of your company .
A financial digital transformation process
With the implementation of electronic payroll to the digital ecosystem of the DIAN, organizations will be able to benefit from the following points to accelerate their technological transformation in financial processes.
The intelligent storage of information in the cloud allows you to access it from any device with an internet connection. This will speed up the electronic payroll process and will give you the possibility of saving hardware and technical support costs.
Business scalability refers to the ability of a company to grow in the market, generating value and meeting current demands. This is an opportunity that you can achieve with the digital ecosystem of both payroll and electronic invoicing .
Thanks to the automation with artificial intelligence that electronic payroll offers you , you can avoid errors and be more precise with the information you process for the DIAN.
“Currently we have around 750 clients within the payroll and electronic invoicing processes, to whom we issue 13,000 monthly transactions. Our goal for the following year is to have 1,000 clients to whom we carry out a million transactions”, adds Juan Calle, Manager of Cadena’s financial process.