Wagepoint Launches Pay, a New Online Payroll App

There are no jobs more important than making sure every worker gets correct payment for their time and efforts. HR managers and business owners across the country will agree that managing salary and hourly pay, while subtracting benefits and such without proper tools is a complicated task.

Luckily, Toronto-based payroll software company Wagepoint has launched a new online application that will make the painstaking process a more bearable and—dare I say— even enjoyable endevour. The fully automated, cloud-based payroll software can be set up with just a few clicks.

There are two plans that users can choose from. The Free plan offers the fully featured app as an alternative to the CRA calculator. But for a $20 base fee and $2 per employee per payroll, users with the Pro plan are allowed to use the direct deposit feature, enabling administration to deposit funds straight to the employees or contractors’ bank accounts. Also the Pro plan takes care of the government remittances and issues T4s at the end of the year.

Wagepoint’s Pay offers many more features that separates it from the common spreadsheets and data entry software administration uses to manage wages. These features include employee self-service, which reduces paper trails and waste, while allowing employees to access their electronic paystubs anytime.

Another one of Pay’s features is helping to manage the different type of workers that needs to receive compensation: hourly versus salaried and employees versus independent contractors. With Pay all the data will be centralized so all workers will receive the appropriate amount with less errors and confusion.

After the first payroll with Pay, businesses can choose to use the Auto-Run Payroll feature to manage their payments if there is nothing new to report. This feature can be turned off at anytime, but if left on it will automatically send payments to employees and the government at the appointed time.

Wagepoint makes the payroll task light and easy, but they also understand the critical importance of security. Pay’s data is encrypted using 128-bit secure socket layer (SSL) encryption. Wagepoint utilizes state of the art firewall and backup technology and the data is kept in a high-security, access-controlled Tier 3 facilities.

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