2. The cloud in general, and web-based business technologies in particular, will continue to grow in popularity and will soon be more prevalent in some areas than locally installed programs. These SaaS programs can be implemented with no up-front costs and eliminate the IT headaches associated with maintaining program files and performing updates, plus they offer secure anytime, anywhere access to users.
3. Professional accounting firms considering a return to offering payroll services will see the greater cost-effectiveness, convenience and productivity of web-based systems that automate virtually all of the processing functions and enhance collaboration, making payroll a profitable revenue channel that strengthens client relationships. Firms and clients will also appreciate the decreased risk of penalties from guaranteed automation of compliance payments and reporting.
4. The importance of client collaboration and portals will continue to grow, as professionals look away from e-mail to more secure communications, as well as increasingly turning to social networking for day-to-day marketing, messaging and outreach.
About Paramount Software
With headquarters in Parsippany, New Jersey, Paramount Software, Inc., is a provider of secure, web-based business solutions designed to help accounting practices and their business clients be more efficient and productive. The company’s flagship Crest Payroll system was designed by a CPA for accounting firms and service bureaus that manage the payroll processing, compliance, reporting and human resources needs for multiple organizations. The all-inclusive system features automated and guaranteed payroll tax remittances, state unemployment, year-end reporting and third-party payments, along with unlimited direct deposit, full customization and support for all states, including multi-state employees. As a web-based system, client businesses and their employees also have access to online reporting, pay records and time and expense entry functions, at the discretion of the payroll firm. Paramount also offers online solutions for human resources, document management, recruitment life cycle management and project management.