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Global Cloud-Based Payroll Software Market 2017-2021: Rising Demand for Integrated HCM Solutions - Research and Markets

[October 19, 2017]

Global Cloud-Based Payroll Software Market 2017-2021: Rising Demand for Integrated HCM Solutions - Research and Markets

The "Global Cloud-based Payroll Software Market 2017-2021" report has been added to Research and Markets' offering.

The global cloud-based payroll software market is forecast to grow at a CAGR of 12.09% during the period 2017-2021.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Payroll software automates, organizes, and simplifies complex compensation planning and enables managers to improve budget allocations, increase accuracy, and align compensation decisions with organizational guidelines. Enterprises are implementing payroll software to make better compensation decisions while reducing cycle times with up-to-date, accurate, and auditable processes. Cloud-based payroll software is being installed by companies as it is economical and improves the efficiency of the compenstion and review processes.

The growing acceptance of cloud-based payroll software can be attributed to its advantages over the traditional payroll process. Cloud-based payroll software enables organizations to access data and services remotely through a web-browser without installing and managing application software. Cloud-based payroll software also provides flexibility in the deployment and has a short implementation time. This reduces implementation cost and improves the return on investment. One of the main benefits of cloud-based payroll software is the ability to access it from anywhere.

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