Embracing Paperless Payroll Processing: A Catalyst for Business Growth The business operations are changing and efficiency is the most important thing now. There is a particular area where this is emphasized and this area is in payroll processing. Traditionally, payroll processes have been the demanding, time-consuming and paperwork-heavy tasks. Nevertheless, now the paradigm is moving to the paperless payroll processing – a development that is the reason for streamlining the operations and also, the growth of businesses is being fostered. In this blog post, we discuss the paperless payroll processing and explain how it can be a great tool for the efficiency and development of your business. The emergence of the Paperless Payroll Processing The old days are over when offices were full of paper filing cabinets and employee data was piled up in them as well. The 3rd party payroll solutions and the advanced software are making the businesses to move towards the paperless payroll processing which is happening at a faster rate than the previous. This transition not only decreases the environmental footprint but also changes the way payroll process in India and other countries will be managed. Streamlined Efficiency The efficient flow of the paperless payroll processing is one of the main advantages of it. Through the digitization of payroll-related documents and processes, businesses will be able to do away with manual errors, decrease the processing time, and thus, the accuracy will be enhanced. Besides, the tasks like tax deductions, employee leave management system and compliance become automated and integrated, which results in tasks being done effortlessly, thus, the HR personnel can spend the time accordingly to be beneficial for the organization. Cost Savings Moreover, paperless payroll processing results in economic efficiency and it also turns out the cost savings for businesses. Through the fact that the need for paper, printing, and storage is reduced, companies can drastically decrease the operational expenses that are usually linked to the traditional payroll process. On the other hand, outsourcing payroll processing to the respected payroll processing companies can save extra costs, as businesses utilize the economies of scale and the expertise without the overhead cost of in-house payroll management. Enhanced Data Security Today the digital world is very familiar with data security. Therefore, it is very important to protect the sensitive employee information. The paperless payroll system provides superior data security compared to the traditional paper-based method of payroll processing. By encrypting data transmission, storing it in a secure cloud, and implementing role-based access controls, businesses can reduce the risks of data breaches and be sure they are in compliance with the regulations, this helps them to protect the trust of their employees and the reputation of the organization. Scalability and Flexibility In order for a blossoming business, the aspects of scalability and flexibility are the vital ones to think of. Paperless 3rd party payroll processing is the solution to the challenges of the changing business environment that demands the adaptation to the rising and falling numbers of the workforce as well as to the ever-changing business needs. With the digital payroll solutions, either the operations can be scaled up or the expansion can be done in the international market and these solutions can be adapted in a seamless way and this will be the payload that will be the agility to support growth initiatives without the loss of the efficiency or the accuracy. Compliance and Reporting The complicated tax rules and the compliance requests make the taxation process difficult for the businesses, especially the one in parts like India. The paperless payroll processing makes the compliance easier by doing the tax calculations, making the statutory reports and ensuring the timely filings. Besides, the system offers easy monitoring of the transactions and reports are generated instantly, so businesses can prove their compliance with the authorities and thus, the risks of penalties or legal problems are eliminated. Conclusion To sum up, the paperless payroll processing is not only a technological upgrade but also a strategic necessity for today's businesses which wish to be successful in the ever-changing market environment. The numerous benefits of this change are from the efficiency of the whole system being improved, the cost being reduced, to the data security being enhanced and finally the compliance. Through the use of 3rd party payroll solutions, the access to the advanced software technologies and the adoption of digital transformation, businesses can realize new opportunities for growth and put themselves in a good position to be successful in the digital world. Overall, payroll processing is not only about paying employees but it is also about enabling businesses to simplify the operations, improve the efficiency and boost the growth in the world of business where the competition is ever so rising. And with the introduction of the paperless payroll processing, the path to a more successful future is already underway. https://paysquare.com/payroll-outsourcing/

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Comparative View of the Adjacent Healthcare Natural Language Processing Market The Global Healthcare Natural Language Processing Industry is experiencing a remarkable surge, fueled by the transformative power of advanced language technologies. According to a recent analysis by Future Market Insights (FMI), the market is projected to reach a staggering US$18.5 billion by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 18.0% from 2023. This translates to a significant jump from its estimated valuation of approximately US$3.5 billion at the end of 2023. In the realm of NLP, text and voice processing technologies emerge as the market vanguard, commanding a substantial share of approximately 34.7% within the global landscape throughout 2023. This shift is indicative of a paradigmatic transformation in the healthcare industry, driven by cutting-edge innovations in natural language processing. The majority of large end-user firms in a variety of industries are primarily using these language processing technologies to improve their internal and external operations. Furthermore, because the return on investment in technology is not necessarily monetary, most small businesses consider it a dangerous investment. Request a Sample of this Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-14443 A list of Key Players Covered in the Global Healthcare Natural Language Processing Industry Are: Apple Inc NLP Technologies NEC Corporation Microsoft Corporation IBM Corporation Customers’ demand for better healthcare services is likely to positively impact the Global Healthcare Natural Language Processing Industry adoption trends. The top companies in the global natural language processing in healthcare and life sciences business are concentrating their efforts on increasing the integration of digital innovations in the healthcare sector. Language processing is an artificial intelligence (AI) subset that promotes human-machine interaction. Text analytics and natural language processing (NLP) technology are also being used by large-scale social media platforms to measure and supervise social media activity such as political evaluations and hate speeches. These tools are used by platforms such as Facebook and Twitter to manage published material. The increased importance of web data for successful marketing and decision-making is expected to drive up demand for information extraction product applications. Mobile chatbots are expected to change the marketing and commerce industries in the coming years. As per the Global Healthcare Natural Language Processing Industry study by Future Market Insights, because key players are focused on research and development in natural language processing platforms used in the healthcare industry, the global natural language processing (NLP) in the healthcare and life sciences market is predicted to rise significantly. Regulatory barriers to the language processing deployment and high training costs for NLP models are two main problems limiting the healthcare natural language processing market share’s growth. The Health Insurance Portability and Accountability Act Rules of India state that healthcare data security is the most important element in the healthcare and life sciences industry, citing an increase in cyber-attacks on healthcare organizations and cybercriminals developing increasingly sophisticated tools and methods to attack healthcare natural language processing organizations. Global Healthcare Natural Language Processing Industry Key Takeaways The rising demand for predictive analytics technology to reduce risks and improve substantial medical issues, increasing demands for improving EHR data usability to improve healthcare delivery and outcomes, and an increasing need to analyze and extract insights from narrative text and huge amounts of clinical data are all driving the demand of healthcare natural language processing. The US healthcare natural language processing market size is expected to reach US$ 3 Bn by 2032. The information extraction segment is expected to grow at a modest CAGR of 17.3% throughout the forecast period. During the forecast period, the hybrid cloud category is predicted to develop at the quickest rate in the natural language processing market. The healthcare natural language processing market share is valued at US$ 3.1 Bn in 2022, and it is expected to reach US$ 14.6 Bn by 2032. Global Healthcare Natural Language Processing Industry Competitive Landscape The Global Healthcare Natural Language Processing Industry is fiercely competitive, with several significant competitors vying for more market share. These market leaders have been concentrating on growing their customer bases in international nations, as well as creating new inventive solutions, as well as pursuing agreements and mergers to enhance their market share and profitability. Major players operating in the global natural language processing in the healthcare and life sciences market include 3M, Cerner Corporation, IBM Corporation, Microsoft Corporation, Hewlett Packard Enterprise Development LP, Health Fidelity, Inc., Centene Corporation, Inovalon, Amazon.com, Inc., Averbis GmbH, Clinithink, Wave Health Technologies, SparkCognition, Lexalytics, Conversica Inc., Dolbey Systems, Inc., and Alphabet Inc. Access Exclusive Market Insights – Purchase Now! https://www.futuremarketinsights.com/checkout/14443 Global Healthcare Natural Language Processing Industry Key Players Apple Inc NLP Technologies NEC Corporation Microsoft Corporation IBM Corporation Global Healthcare Natural Language Processing Industry Key Segments By Technology: Machine Translation Information Extraction Automatic Summarization Text and Voice Processing By Region: North America Europe Asia Pacific Middle East & Africa South America

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Exploring the Latest Trends in Payroll Outsourcing for 2024 In the payment system of most modern business individuals, payroll outsourcing serves as a key component whereby many organizations that are seeking efficiency, accuracy and compliance are regularly looking for ways to manage their workers' paychecks. In 2024, we realize that the tides are changing across the accounting bookkeeping service and payroll outsourcing services in Mumbai with technological development, displaying new regulations and customers’ aspirations as key drivers. In this article, we discover and discuss the new trends which are rapidly ruling quite well in the times of payroll outsourcing and how these trends can be used currently by the businesses particularly in Mumbai. 1. Embracing Automation: The automation keeps being a catalyst for change in payroll outsourcing by making it painless, more competent and time saving. The introduction of AI and machine learning has made the regular payroll tasks, like data entry,slashing of wages based on calculated pay rates, as well as tax deductions easier and prompt. Not only that, but it also becomes possible to save time and put an end to compliance errors, and in the end accounting services in Mumbai turn out to be precise and accurate. 2. Focus on Compliance: The regulatory conditions concerning payroll and taxation is in an unstable state all the time. In the year 2024, organizations are taking seriously legal concerns at the level of the neighborhood, country and the global level. Payroll outsourcing providers are increasingly putting the stakes on the strong compliance management systems to build the confidence of their clients in the reliability of their services against the economic background of a bustling business centre like Mumbai and the payroll outsourcing services in mumbai have bigger scope. 3. Enhanced Data Security: As cyber threats have taken off, the need for data privacy has increased, therefore making secure data a vital issue to businesses paying their employees via third parties. Employers that outsource their payroll services are implementing highly secure procedures such as strong encryption technologies, multi-factor authentications, and very safe cloud-based platforms to protect employee’s personal information and financial data. The intense preoccupation with data security gives multiple businesses some comfort in the form of their connections with third-party payroll service providers. 4. Personalized Services: It is so because the payroll outsourcing does not suit one size fits all. Instead of looking for a one-size-fits-all solution, businesses expect exclusive personalized solutions to meet their unique requirements and industry demands in the year 2024. The niche market is served by the payroll service vendors by offering customized packages, flexible option packages, and account managers who are dedicated to meet individual needs of clients. Thus, this customer-focused approach exerts positive impact on the client experience and builds enduring relationships. Create a comfortable environment for effective learning experiences. 5. Integration with HR Systems: Seamless Payroll-HR Integration is no longer just a convenience feature for businesses wrestling with complex and non-standard operations rather it is considered a requirement to run an organization progressively in the 21st century. Unified platforms afford the real-time synchronization of employee data removing all the unnecessary processes for actions like onboarding, time tracking as well as performance management. Through incorporating the payroll outsourcing considerations among the HR functionality, enterprises can gain increased effectiveness and precision in upkeep of their labour force. 6. Scalability and Flexibility: These days the importance of an agile and dynamic approach to the business process has become high on the agenda of companies and thus the scaling and flexibility of payroll outsourcing services have become more and more attractive. Whether such business is big or small, remains a main scale where their solutions can easily be applicable to shifting needs and progression path. Payroll service market is showing new service interface, manageable structure and effective solution to adjust to the need of business of any size. 7. Enhanced Analytics and Reporting: Grasp of data-driven decision-making is experiencing rapid development in payroll management. In 2024, with business analytics and reporting becoming more and more important, payroll service providers will face the demand of providing their clients with these capabilities. Learning from the payroll cost analysis to workforce productivity metrics, extensive reporting tools give the businesses the ability to gain useful data on their day-to-day operations and make well-thought strategic decisions. https://paysquare.com/payroll-outsourcing/

The Compliance Checklist: Essential Steps for Employers in Payroll Management The complex business process texture is composed of payroll management that is playing as an outright function that urges perfection, urgency and careful compliance. In this era of complex payroll processes, the main imperative for employers is to meet the requirements. This blog just designed to make sure of SEO adjacent to compliance checklist, points out necessary steps for employers in order to minimize their risks and make payroll management process more consistent. 1. Partnering with Third Party Payroll Companies: The usage of third party payroll companies help smooth payroll processes and compliance with legal mandates is made easy through their experience and knowledge base. By doing so, they can extract enormous profits despite offering the greatest labor benefits, conforming to local laws on taxes and reporting. Through redistribution of payroll procedures to capable specialists, employers allow for the stakeholders to stand firm in their compliance conditions and the managerial level to execute the key functions. 2. Outsourcing Bookkeeping Services: Outsourced bookkeeping services are of fundamental importance for the correctness of and the compliance in the salary processing function. They will perform different jobs that are namely reconciling accounts, book-keeping, and filing of financial statements. Payroll functions like bookkeeping can get outsourced to trustworthy service providers which will in turn, simplify and enhance the employers' payroll processes, preventing errors and making sure they follow standard practices and complies with regulations. 3. Utilizing Payroll Companies in India: India boost homes a wide variety of payroll companies which provide very specific solutions purposefully designed to answer the particular requisite needs of Indian business and ensure smooth communication between workers and companies. These business organizations are enriched with an in-depth knowledge about the rigorous Indian regulating system including the labor law, the tax rules and the statutory compliance obligations. To bridging with payroll companies in India, employers can be able to shift the burden of navigating regulatory complexities, hence they can get accuracy and compliance in the payroll management activities. 4. Establishing Clear Policies and Procedures: The right, clear and well-organized policies and procedure give sufficient guarantee and compliance of all payroll management activities. The employers may have to provide regulations for workers classification , wage calculation, overtime procedures and rest entitlement. By writing these rules and regulations employers can reduce the rate of complaints, make their work clear to the employees and to the labor regulations and this will give them the service fairness. 5. Conducting Regular Compliance Audits: Continual compliance audit is a powerful tool for detection of critical issues and to support the necessary safe practices. Employers ought to book themselves in for internal audits of their payroll procedures which is including pay records and all tax filings. They should also pay attention to the laws of the country when it comes to labor. Moreover, employers might plan for independent auditors or consultants to perform reliable cross-compliance evaluations – focusing on precision pay practices and specific areas for enhancement. 6. Staying Updated on Regulatory Changes: Regulation of exempted of the nature is a template in the administrates a payroll program can be modified and updated whenever necessary that which keeps on changing. Employers are tasked with monitoring new laws, tax changes, regulatory etc…that are related to payroll processing. Following subscriptions to the relevant industry publications, attending seminars and workshops, and joining the social groups can enable employers to keep tabs on rules’ modifications and redesign their payroll systems that can both accommodate the changes and satisfy the regulatory requirements. 7. Implementing Robust Data Security Measures: Payroll data is highly sensitive and contains one's salary information, personal details, accounts, fines and so on. The employers have to establish strong data security provisions capable of withstanding unauthorized access and data breaches, cyber attack and other deadly threats. It means for instance hiding the data using cryptographic techniques, securing the access and regularly upgrading the security mechanisms. Shielding data privacy is a measure put in place by employers to make data breach less likely while rendering a company to comply with data protection standards. To reiterate, the compliance in payroll management is critical for all the employers so that they can reduce the risk scenarios as well as to meet the regulatory requirements. Hence, following the regulations and compliance is inevitable for all the managers. Implementing this effective checklist will assist employers in effectively and safely optimized their payroll processes, so that they can rectify mistakes resulting from those requirements, as long as they comply with regulations. Collaboration with 3rd-party payroll businesses, use of the services of the bookkeeping firms, and gaining insight from India’s payroll expertise are a few of the measures employers can take to mitigate the complexities of payroll rules and regulations, with satisfaction that they comply with all the requirements. Summary In navigating the intricacies of payroll management, employers can rely on the expertise of third-party payroll companies and payroll companies in India. These specialized providers offer tailored solutions to ensure compliance with regulatory standards while streamlining payroll processes. By partnering with them, employers can mitigate risks, maintain accuracy, and focus on core business activities. Leveraging the insights of these experts enables employers to navigate complex regulatory environments with confidence, ensuring adherence to labor laws, tax regulations, and statutory compliance requirements. Ultimately, entrusting payroll functions to these providers ensures compliance excellence and peace of mind for employers in managing their workforce's compensation. https://paysquare.com/payroll-outsourcing/

Leveraging Specialized Knowledge Through Payroll Outsourcing The vast fabric of business activities encompasses many functions that need careful management, compliance, and high skill. In the middle of this, there comes the vital role of payroll management that guarantees accuracy and compliance. Indian business that meets these difficulties of payroll and businesses, in this way, have a long-term perspective of payroll outsourcing companies in India. The blog explains and outlines the numerous advantages that come along when the payroll function is outsourced, such as the efficiency gains that it offers and compliance adherence and utilises specialized knowledge to unleash the maximum benefits that one can acquire. 1. Access to Specialized Expertise: Primary accountability of payroll management is to take care that the employees are paid timely along with all the essential benefits and taxes calculations along with compliance to the labor laws. Other than that, the payroll companies in Hyderabad are acclaimed to be highly experienced in tackling India's complicated payroll law and getting the payroll processing right in respect to accuracy and legal compliance. Through relinquishing payroll function to highly experienced experts, firms are able to achieve the unmatched depth in their knowledge and consequently minimize risks and promote operational effectiveness. 2. Streamlined Employee Leave Management: The success of the leave administration is necessarily a matter of concern with regard to efficiency and observance of labor laws. The tracking of leaves manually has got a lot of errors and coings, which lead to compliance gaps and administrative power taken by the management. Implementation of employee leave management system puts leave tracking, works approval flows and compliance process with policies and regulations of the company in order. In fact, through offering leave management with payroll outsourcing businesses gather benefits of efficient tracking of leaves and compliance as well as promoting strategic initiatives with available resources. 3. Focus on Core Competencies: Outsourcing payroll process allows companies to make the prerogative to directed on the priority matters and developing a strategic plan. Digital payroll services allow businesses to leave certain processes to providers that specialize in them and which will support operations, decrease administrative efforts and contribute to more efficient allocation of resources. This strategic emphasis instills the business with the ability of driving innovation, pulling up competitiveness and reaching the ultimate goal of sustainable growth, making sure that payroll is ought to be managed as required. 4. Scalability and Flexibility: Payroll functions depend on the business throughput, i.e. rate of increase in sales, and changing labor trends. Outsourcing payroll operations brings about the ability to change directions and adjust flexibly to evolving requirements and legal apparatus. It may be both extending operations or carrying out the industry-related regulations, outsourcing payroll firms are able to formulate customized solutions to match individual needs. This scalability facilitates companies in efficiently managing payroll procedures and mitigating the job genre and compliance risks which they might be exposed to. 5. Enhanced Data Security: The payroll processing could be one of the leads that involve handing of the sensitive employee information, that is why data security is the number priority, by all means. Bookkeeping outsourcing services and payroll services which are outsourced by these institutions design security measures to protect this critical data, such as encryption, access controls, and regular checks. Through relying on trustworthy providers to do payroll processing, businesses may be sure that the data security principles are observed as well as the data protection regulation standards compliant. Therefore, the level of data breaches and public opinion damage will be lower. 6. Cost Savings: Outsourcing yukselling can help businesses achieve substantial savings in financial resources. Through outsourcing payroll responsibilities which originally require in-house staff, infrastructure, and investment in technology, companies can reduce such costs and ensure better cost control. Outsourcing company ensures cost-saving and highly available as to pay for services only when you need them. Hence, this cost-effective pricing model helps business save on expensive variations in payroll while still guaranteeing accuracy and compliance in the process. 7. Compliance Assurance: Adherence to the employment and tax laws, regular reports, and regulations are a prerequisite for businesses if they want to stay error-free and out of the regulators' attention. Payroll companies in India provide dedicated service for executing payroll in diverse measures of regulation. They make sure all payroll procedures are compliant with the laws and regulation policies. Partnering with seasoned professionals provides businesses with a risk guard ensuring that payroll operations take the focus off key business operations and steers the business in the right direction with confidence and peace of mind that payroll is rightly handled. Generally speaking, relying on expert abilities in payroll outsourcing helps enterprises in India experience a wide range of perks, such as staying in-line with rules and pinpointing mistakes, along with both cost decrease effectiveness and upscaling efforts. Entering the knowledge base of payroll outsourcing companies, local businesses are more likely to make their operations as efficient as possible, to protect their data and do the things they do best to develop sustainable growth and success in the competitive market of today. https://paysquare.com/payroll-outsourcing-services-in-hyderabad/

Leveraging Specialized Knowledge Through Payroll Outsourcing Outsourcing payroll functions to specialized providers such as payroll companies in Hyderabad and payroll outsourcing companies in India offers businesses a strategic advantage. These providers offer specialized expertise in navigating complex regulatory landscapes, ensuring compliance and accuracy in payroll processing. By leveraging their knowledge, businesses can streamline operations, enhance data security, and focus on core competencies. Scalability, flexibility, and cost savings further underscore the value of outsourcing payroll. https://paysquare.com/payroll-outsourcing/

Leveraging Specialized Knowledge Through Payroll Outsourcing Outsourcing payroll functions to specialized providers such as payroll companies in Hyderabad and payroll outsourcing companies in India offers businesses a strategic advantage. These providers offer specialized expertise in navigating complex regulatory landscapes, ensuring compliance and accuracy in payroll processing. By leveraging their knowledge, businesses can streamline operations, enhance data security, and focus on core competencies. Scalability, flexibility, and cost savings further underscore the value of outsourcing payroll. Ultimately, partnering with specialized payroll providers enables businesses to mitigate risks, optimize efficiency, and drive sustainable growth in today's competitive business environment. https://paysquare.com/payroll-outsourcing-services-in-hyderabad/

Paysquare: Simplifying Payroll Management and Bookkeeping Outsourcing Services Efficient payroll processing is one the most critical requirements in a complex Indian business environment of various company sizes. This is where the role of payroll companies in India become even more vital as they deliver smoothening solutions that assist in maintaining regulatory conformance and payroll processes. Out of so many services offered, Paysquare can be compared to the best of the competitive market, as the trusted company for payroll and bookkeeping outsourcing needs of businesses. Paysquare has its headquarters in Pune from where it maintains a strong presence all over India including in major cities such as Hyderabad. While being India's most preferred payroll management brand, it also has related offerings for its valuable clients. Hyderabad becoming the center of technology and doing business, certainly wants to pay for their employees intelligently. Paysquare is the company that renders this service with its expertise. Local payroll companies in Hyderabad often get lost in the struggle of adjusting to region's unusual business lifestyle keeping in mind the level of accuracy and effectiveness. Paysquare provides the solution to the problem by looking into its quickly means of payroll management concerning the local laws and industry specific requirements. Whether it's salary management, tax administration, statutory compliances, or employee benefits, Paysquare puts full-suite solution on the table to ease the perceived burden on businesses to enable smooth running of corporate operations emanating from those duties. One of the most important features of working with Paysquare is its charge to use the technology for the purpose of increasing the accuracy and efficiency in processing the wages. The organization makes use of the latest software tools which are designed to deal with repeated jobs, eliminate the chances of mistakes, and give out the statistics on the payroll data in real time. This enables businesses to reduce time and resources for compliance to the latest standards and eliminate potential risks by mitigating the setbacks through compliance strategies. In fact, the bookkeeping outsourcing service which Paysquare offers offers still another layer of convenience to firms that undertake to make every aspect of their financial operation more and more simple. At present, a lot of companies are opting to outsource their bookkeeping to the Paysquare and thus they are able to leverage on professional knowhow without having to spend on in-house personnel, thereby the costs are contained and the efficiency is improved. From keeping ledgers and reconciling account to make financial reports, bookkeeping services Paysquare covers broad spectrum of demands and businesses trends, which give scope for their services. On top of its genius technology and sophisticated knowledge of the finance sector, Paysquare stands out because of its focus on customer service. The business recognizes that each and every business is unique; consequently, it provides customized solutions addressing the particular needs and demands of its respective clients. While the target shifts from startup to SME or LME, Paysquare flexibly readjusts its services, therefore customers of all tier can maximize their result with it. Another layer of the data security aspect is added by Paysquare, who strictly complies with the data protection standards and keeps the sensitive payroll information safe. Through application of strong security measures the clients can be sure that the Paysquare services which are considered increasingly digitized are compliant in enhancing data confidentiality and integrity therefore providing peace of mind to all. Finally, Paysquare turns out to be the firm that can handle making payments effectively and outsourcing bookkeeping services for companies around India (like with the city of Hyderabad) the most efficiently. The Paysquare platform integrates technological innovation, a strong domain expertise with clients’ needs and complete satisfaction of customers, which makes complex payroll processes look simple, encouraging the business to concentrate on growth and prosperity. Being responsive to the changing business environment, Paysquare has positioned itself as a leader, delivering what most organizations in the market need through easy to use and scalable payroll and bookkeeping products. https://paysquare.com/accounting-outsourcing/