Outsource Payroll

The smart choice

Managing Payroll can often feel like navigating a complex web of regulations, compliance, and the need for meticulous record-keeping. At Lucent, we understand that your time and resources are precious, and that’s why we offer a solution that goes beyond traditional Payroll Services.

Partner with Lucent for Outsourcing Payroll for businesses of all sizes. We’ve mastered the art of payroll management, thanks to our combined expertise in Finance and HR. Say goodbye to payroll worries and hello to a streamlined, error-free process.

Even minor payroll errors, often overlooked, can accumulate and lead to significant issues such as missed paydays, tax deadline lapses, and compliance fines.

We’ve teamed up with Employment Hero to bring you an unparalleled payroll experience with Hero Pay. Our partnership allows us to offer you a payroll software solution that is not only efficient but also designed to save you time and reduce errors. With an integrated HR admin and payroll platform, you can automate a wide range of payroll processes, leaving you with peace of mind and more time to focus on your business growth plans

Our commitment is to simplify your payroll

Cloud-Based Payroll Implementation: We’ll help you transition to a modern, cloud-based payroll system for maximum efficiency. 

Salary and Benefits Management: Rest easy knowing that your employees’ salaries and benefits are processed accurately and on time.

Superannuation Management: Stay Super Stream compliant with our expert management of superannuation contributions.

Employee Entitlements: We handle the intricate details of employee entitlements, so you don’t have to.

Award and EBA Interpretations: Navigate complex awards and enterprise bargaining agreements effortlessly with our expert interpretations.

Terminations and Redundancies: Leave the calculations and processing of terminations and redundancies to us.

Monthly Reporting: Access detailed reports that help you make informed business decisions.

Accounting System Integration: Achieve a 360-degree view of your financial data by integrating with your accounting system.

HR Support and Advice: In addition to payroll, we offer integrated HR support to ensure compliance and smooth employee management.

As the leading payroll outsourcing provider
 

We stand out for our unique blend of payroll and bookkeeping expertise. We understand that payroll requires input from both Accounting and HR professionals, and that’s exactly what we bring to the table. Our solution is designed to prevent costly mistakes while keeping your payroll compliant with Australian legislation.

Working with us isn’t just a convenience; it’s a game-changer. It frees up valuable staff hours and gives your management team real-time visibility into this critical aspect of your operation.

Why do you need to plan your HR Resourcing

Need help with your payroll?

FAQs

Outsourced payroll services can cost anywhere from $20 to $200 per employee per month, depending on factors like the complexity of your payroll, the number of employees, and the level of service you need. Basic services might start at around $20 per employee per month, while more comprehensive options can go up to $200. It’s essential to research different providers to find one that fits your budget and meets your needs.

Outsourced payroll services provide a range of customisable options to meet businesses’ diverse needs. From basic payroll tasks like wage calculation and tax withholding to comprehensive packages offering additional services such as tax filing, time tracking, and HR support, there’s a solution for every requirement. Some providers offer cloud-based payroll software for in-house management with automated features. Larger businesses or those with specific needs can opt for customised solutions tailored to industry, size, and unique requirements.

Outsourcing your payroll offers numerous advantages for efficient business finance management. By entrusting payroll tasks to professionals, you save valuable time and resources, enabling focus on core business activities. With expertise in tax laws and regulations, payroll service providers ensure compliance, mitigating the risk of costly errors and penalties. Outsourcing payroll streamlines operations, offering benefits in time, cost, expertise, compliance, and efficiency, ultimately enhancing overall financial management.

Outsourcing payroll for small businesses presents numerous advantages. It saves both time and money by diverting attention from payroll tasks to core operations, often proving more cost-effective than maintaining in-house payroll staff. Moreover, payroll service providers’ expertise ensures compliance with tax regulations, reducing the risk of costly errors and penalties. By leveraging the specialised expertise of payroll professionals, small businesses can streamline operations, minimize risks, and devote more energy to growth and success.

When thinking about outsourcing payroll, businesses need to consider important things. 

  • Check costs for outsourcing versus doing payroll in-house. 
  • Research the reputation of potential providers to make sure they’re reliable.
  •  Make sure they can keep employee info safe. 
  • Ensure they follow tax laws.
  • Pick a provider known for accurate and on-time payroll. 
  • See if they can handle the company’s growth. 
  • Check their customer support and if their systems work with yours. 

By considering these issues, companies can decide if outsourcing payroll is right for them.

Outsourcing payroll offers advantages, but understanding and effectively managing associated risks are crucial. Data security risks arise from entrusting sensitive employee data to third-party vendors; mitigation involves selecting reputable providers with robust security measures. Accuracy concerns can lead to dissatisfaction and legal issues, which can be avoided  through clear communication and regular audits. By comprehending and addressing key risk areas, businesses can leverage the benefits of payroll outsourcing while minimising potential drawbacks.

Measuring the KPIs of outsourcing payroll for accountability, continuous improvement, and informed decision-making should align with business objectives. Monitoring key metrics enables effective management of outsourcing arrangements and optimization of the payroll process for maximum efficiency and effectiveness. Accuracy is crucial, ensuring compliance, trust, financial integrity, and streamlined operations, whilst efficiency unlocks benefits such as time savings, cost reduction, compliance, and agility, ramping up overall productivity.

Partner with Lucent

Productivity and efficiency are key to your business success. Leveraging our extensive experience with Australia’s leading companies, we’ve uncovered effective strategies for using HR services to boost company performance and increase revenue.

Gain immediate actionable insights to sharpen your competitive edge!

Get your FREE REPORT today and propel your business forward

Why choose Lucent

Comprehensive Outsourced Business Solutions

We offer a unique blend of Financial and Payroll/HR solutions to streamline your operations and improve profitability

Proactive and Forward-Thinking


We believe in transparency with our clients, by providing the right tools and information to make the right decisions in business

Transparent & Flexible Service Model


We offer clear, fixed, and fair pricing models with no hidden costs. Offering scalable services that adjust as your business grows

Innovative Approach


Utilizing cutting-edge technology and methodologies to provide efficient and effective solutions

Ready for a Smarter Business?

Contact us now by filling in the form or call 08 8471 7007 

Email: admin@lucentadvisory.com.au

 

Find us at

Level 2 422 King William St,
Adelaide 5000 South Australia

contact us

Scroll to Top