Benefits PBS™ Accounting On-premise Software
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A small to mid-sized company can benefit from leveraging on-premise accounting software for several reasons. An on-premise accounting solution with a one-time licensing fee can offer substantial savings over monthly SaaS (Software as a Service) payments. Controlling security measures and securing critical data ownership are two other benefits of a desktop solution.
With SaaS, companies don’t own their critical business data, and the application may be cumbersome with extraneous options. Desktop software tends to be more flexible and scalable than out-of-the box cloud solutions.
Cloud services scale to accommodate increased data storage, which can result in higher monthly costs. It’s important for businesses to monitor their storage needs in order to avoid an unexpected invoice. Assigning a point-person within a company to manage data consumption can be useful.
PBS™ Accounting is robust software with a one-time licensing fee and a nominal fee for annual updates. You have the capability to modify and enhance security measures, including regulating physical access to your computers and servers as needed. Also, PBS™ provides comprehensive audit trails to reduce the risk of fraud.
Cybersecurity
One potential area of vulnerability to cyberattacks is the use of hosted cloud-based SaaS applications. Cloud services are typically hosted on remote servers, with subscription fees covering the monitoring and management of their networks.
While the SaaS platform itself is not usually the target of attacks, hackers often focus on the data stored within it. Recovering stolen data is often a challenging, lengthy, and frequently incomplete process.
When you use SaaS, you are trusting the management of your data security to another party, and there is a risk of unauthorized personnel accessing your data. Make sure to verify the security protocols of your cloud provider, including encryption protocols when data is in transit from a user’s device to the cloud server.
Desktop software provides direct control over security protocols, reduced monthly payment costs, and ownership of business-critical data.
Benefits of In-House Payroll
Managing payroll in-house offers several advantages, as outsourcing payroll processing can lead to elevated costs per paycheck. Over time, these expenses accumulate, including charges for related services, such as ACA compliance management.
The advantages of in-house payroll include greater control over the payroll process, improved data security by keeping sensitive information within the company, and ongoing ROI versus an external service.
Passport Business Solutions™ (PBS™) Payroll requires a one-time licensing fee and a nominal annual maintenance and update fee. PBS™ efficiently manages employee information, calculates taxes, processes deductions, and offers ACH direct deposit, with remittance advices sent via email to employees, or the option to print physical checks.
Our payroll program is cost-effective and complies with local, state, and federal tax regulations. Additionally, Passport Software offers Affordable Care Act software and reporting services to facilitate year-round compliance management.
PBS™ Payroll can optionally integrate with PBS™ Accounting, and with desktop software, you maintain control over both your software and server.
Our modular desktop accounting solution allows you to configure a system that meets your specific business needs. You can invest in only the technology you need and expand your system as your requirements evolve.
To learn more about our on-premise accounting software with optional in-house payroll for small business and mid-sized companies call 800-969-7900. Or, contact us – we are here to help.