How Moneytree increased umbrella payroll efficiency with Finity

Managing growing payroll requirements across weekly and monthly pay cycles can quickly create more admin for payroll teams.

As Moneytree continued to grow, the growing umbrella company wanted a modern payroll platform that could make its processes more efficient while providing the flexibility needed to support its future operations.

The challenge: managing growing payroll requirements efficiently

Moneytree was already using an established payroll system, but its expanding requirements created an opportunity to improve how payroll was managed.

The team needed a platform that could support both weekly and monthly payrolls while introducing greater automation, better reporting and easier access to payroll information for employees.

“We moved our PAYE payroll to Finity to streamline our payroll processes and manage both our weekly and monthly payrolls more efficiently. As our payroll requirements continued to grow, we needed a system that could support our operations and provide improved automation, reporting, and employee self-service functionality.

“Our previous system worked well, but we wanted a more modern solution that would help us manage payroll more effectively and support the future growth of the business.”

The aim was to create a more efficient and scalable payroll operation that could continue to develop alongside the business.

Choosing a platform built for efficient payroll

Moneytree looked for functionality that would reduce manual work and make everyday payroll tasks easier to manage.

Employee self-service, automated processing, reporting and pension integration were all important considerations. The business also wanted confidence that the platform would continue to improve over time.

“We chose Finity because it offered the functionality we were looking for, including employee self-service, automated payroll processing, reporting capabilities, pension integration, and ongoing product development.

“The system appeared to be flexible enough to support both our PAYE and umbrella payroll requirements, and the support provided during implementation gave us confidence in moving to the platform.”

Finity’s ability to support different payroll requirements in one platform gave the team a stronger foundation for standardising its processes and managing future growth.

Reducing payroll admin

Since moving to Finity, Moneytree has improved several areas of its payroll operation.

Employees can access payslips and payroll information through the employee portal, reducing the admin involved in distributing and retrieving documents. Improved reporting functionality has also helped the payroll team produce the information it needs more quickly.

“Since moving to Finity, several aspects of our payroll process have become more efficient. The employee portal provides easier access to payslips and payroll information, and the reporting functions have helped us produce payroll reports more quickly.

“The system has also made it easier to manage payroll records in one place and has reduced some of the manual administration involved in our previous processes.”

Bringing payroll records together has made information easier to manage while reducing the reliance on manual processes.

The transition has been supported by Finity’s Customer Success Team, working alongside the team at Moneytree to answer questions and help the business refine its workflows as the team becomes more familiar with the platform.

Building a more consistent payroll operation

Efficiency isn’t only about processing payroll faster. Standardised processes also help payroll teams work more consistently, reduce unnecessary admin and create a stronger platform for growth.

For Moneytree, the benefits have increased as the payroll team has incorporated more of Finity’s functionality into its processes.

“We have seen improvements in the overall efficiency of our payroll processing, particularly as our team has become more familiar with the system.

“Payroll reporting and employee access to payslips have become more streamlined, reducing some of the administrative work involved. The system has also helped standardise several payroll processes, contributing to improved consistency and supporting the continued development of our payroll operations.

“We expect to see further efficiencies as we continue to make full use of the system’s features and enhancements.”

By streamlining reporting, improving employee access to payroll information and bringing records into one place, Moneytree has created a more efficient and consistent payroll process.

As the team continues to use more of Finity’s features and enhancements, the business expects those efficiencies to grow further.

Make payroll more efficient with Finity

Finity helps payroll teams reduce manual admin, standardise their processes and manage growing payroll requirements in one connected platform.

Discover how Finity can support a faster, more efficient payroll operation for your business. Book a demo today.