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Best for: Medium to large businesses
Price range: Starts from $999 per license + $99 per user per month + separate price per module
Benefits & HR: Include 401k, health, workers’ comp
Automatic tax filing: Yes
Apps: Integrates with other systems incl. ERP, CRM, accounting, project management
SuitePeople Payroll syncs seamlessly with NetSuite’s financial, procurement, project, planning and budgeting systems, eliminating double counting and errors. It automates all your payroll processes, including calculating gross-to-net earnings, withholding mandatory taxes, deducting benefits, and scheduling and issuing payments.
Features include:
NetSuite’s payroll solution manages all payroll tax filings and deposits for all U.S. federal, state and local jurisdictions.
Features include:
The platform lets you pay employees and contractors via direct deposit at no extra charge, allowing you to run payroll with two banking days’ lead time before the pay date. Employees can set up direct deposits of their paychecks for up to 10 bank accounts and be paid with a check or have their earnings directly deposited into their accounts.
Oracle NetSuite has powerful capabilities, but be warned that it can take time to train your employees to use the platform to its fullest potential. According to NetSuite, companies that use certified professionals see more effective deployments and a greater return on their investment.
Users subscribe to NetSuite for an annual license fee and select which modules they want (e.g. SuitePeople Payroll). The price is determined by the type of business, the number of full access users in your organization (people who assign roles and give user permissions) and regular users (people who can access NetSuite tools but can’t make changes to the system).
Depending on the size of your business, prices start from $999 for a license and around $99 per month per user.
NetSuite doesn’t offer a free trial, but you can request a demo.
NetSuite is more than just a payroll platform. In fact, its capabilities extend to all areas of your business operations. The size and price of this platform makes it more suited to medium and larger-sized businesses than to small businesses. It is best for companies looking to use technology to automate and streamline payroll and other business processes.
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