With in-house, you get up to 6 more days to finalize payroll each cycle.
In payroll, timing is everything. Some providers require you to have your payroll wrapped up four days in advance, followed by your payment two days in advance. This gives you less time to get your work done every cycle, which is great for your provider but not convenient for you.
Outsourced payroll providers make hundreds of millions on interest from your early payroll deposits.
The interest attached to your cash flow is valuable. When an outsourced payroll provider requires you to submit your remittances days in advance, they profit. When you outsource your remittances, you forego interest income on the amount of your payroll until your employees get paid. Your money ends up in your payroll provider’s pocket. This also ties up company funds that could be deployed elsewhere.
You’re likely paying $500 - $2500 to outsourced payroll providers for errors.
Mistakes happen. Let’s say you need to make an adjustment because you missed a new employee’s pay period. With an outsourced provider, it’s typically too late to make a change, which means paying extra fees to do an off-cycle pay run. With Avanti’s in-house payroll solution, you can run off-cycle pays when you need to at no extra charge, as long as your payment is made by the due date defined by CRA.
Avanti’s in-house payroll puts you in control. By keeping your remittances in house, you’re hanging onto your money longer and saving your organization time and money.
Our simple pricing model is all-in, and all up-front. We charge Per Employee, Per Month (PEPM) which means no hidden fees for you and your team. No additional costs for:
Creating payroll EFTs
Tax slips or Web ROEs
Off-cycle payroll runs
Electronic pay statements