When choosing an HR payroll system, you must also understand your business needs. Almost every other solution gives you easy bookkeeping. However, do they offer case management or enterprise agreements?
Since there are too many options in the market, including Employment Hero, KeyPay and Roubler, it is often hard to choose the right one. There are too many questions to answer, and a lot of cross-checking is required.
KeyPay seems to be a good fit for some companies at the moment. If you currently use KeyPay, you might have a great way to manage your payroll seamlessly. But does it offer GL integration?
Also, is it scalable? If you expand your business and add more resources, vendors, and teams, would it be able to handle the tax loads or even enough teams?
It might be a good choice for a small business with no future expansion goals, but what if you want to take another step?
All of this brings us to why migrating from KeyPay to DHRP’s Dynamics 365 Payroll & HR solution could be the right move. Why is it more suitable? Let’s find it in this article through a detailed comparison.
Why Do You Need to Upgrade Your HR and Payroll Solution to Dynamics 365?
While using KeyPay, you must realise that it lacks many functional features for HR. While you need both to work for your business, having one system for each isn’t doing any good. The data is dispersed in different places, and you are unable to view or access the information in a single go.
This clearly indicates that you need to upgrade the HR and payroll solution to Dynamics 365 with DHRP. Moreover, Keeping data in sync is a typical issue for companies that use many systems. For example, HR staff may hire a new employee as soon as they accept the offer. However, the new employee may not appear in the payroll systems immediately.
If a corporation uses a single system, all HR updates are automatically sent to payroll without delay.
Why is the DHRP HR and Payroll Solution Better than KeyPay?
KeyPay is mainly focused on the Payroll. Yes, they are adding more features to it. However, there are still some areas where they lack, and this is when the DHRP Dynamics 365 HR and Payroll solution comes into play.
It is a powerful and flexible platform that can help businesses streamline their payroll processes, manage employee data effectively, and ensure compliance with Australian labour laws. D365 HR & Payroll features offer seamless integration and focus on compliance, making it a superior choice compared to KeyPay.
DHRP vs KeyPay Features and Benefits:
- Seamless Integration with Dynamics 365 HR:
Troubles that come with a silos system always invite more hassle. However, DHRP seamlessly integrates with Dynamics 365 HR, providing a unified platform for managing employee data and streamlining workflows. - Comprehensive Feature Set:
The feature set of it is matchless compared to KeyPay. Its features include award interpretation, training management, case management, social insurance contribution management, enterprise agreement management, and employee performance tracking. - Advanced Analytics and Reporting:
Real-time Analytics and reporting have never been easy because DHRP integrates with Power BI. It further enables businesses to gain valuable insights into their payroll data through advanced analytics and reporting. - Mobile App:
DHRP offers a mobile app for employees to access their pay information and manage their leave. With it, you can always have the details on the go.
KeyPay vs DHRP Comparison
If you need more clarity, here is the comparison to closely examine the feature-set difference.
Features | DHRP | KeyPay |
Award interpretation | ✅ | ✅ |
Learning and training management | ✅ | ❌ |
Payroll Processing and Reporting | ✅ | ✅ |
Case management | ✅ | ❌ |
Single Touch Payroll STP | ✅ | ✅ |
Wages / Salary & Benefits Assignment | ✅ | ✅ |
Social insurance contribution | ✅ | ❌ |
Health & safety incident management | ✅ | ❌ |
Enterprise agreements | ✅ | ❌ |
Custom pay conditions | ✅ | ✅ |
Leaves management & accruals | ✅ | ✅ |
Rostering and Employee timesheets & Attendance | ✅ | ✅ |
Mobile App (IOS & Android) | ✅ | ✅ |
Employee Self-Service | ✅ | ✅ |
Employee travel & expense management (Phase 2) | ✅ | ✅ |
Financial & GL Integration and Integration with ATO, Super Stream | ✅ | ❌ |
Smart payroll integrations | ✅ | ✅ |
Native Integration with D365 HR Standalone | ✅ | ❌ |
Competency management | ✅ | ❌ |
Power BI (HR & Payroll) and Power BI Mobile App | ✅ | ❌ |
Employee Performance Mgmt | ✅ | ❌ |
D365 HR Integration | ✅ | ❌ |
Want to Migrate from KeyPay to D365 HR & Payroll?
KeyPay streamlines the flow of data from employees across rosters, timesheets, leave management, and reporting in a single, integrated platform, giving clients complete visibility into the pay process at all times. Yes, it is a great choice for small organisations or those just starting a new venture. But as you expand and your employees increase in number, you need better payroll tax management and employee management, too.
DHRP is much more comprehensive. It is the Best payroll software for businesses compared to any other tool.
DHRP’s additional processes include GL integration, Power BI integration for improved analytics, Native Integration with D365 HR Standalone, and even health and safety management.
So, we can settle on the fact that DHRP suits your organisation better. Now that we know the answers, if you plan on migrating from KeyPay to the DHRP HR and payroll software, we have the best experts to help you with an easy process and complete support and training. For more Australian payroll queries, please visit our blog.
Conclusion
DHRP stands out for businesses seeking a robust payroll system with powerful Payroll features. Its focus on compliance, automation, and a unified payroll experience makes it ideal for organisations that want to streamline pay management and optimise payroll processes. KeyPay, on the other hand, might be suitable for businesses with simpler payroll needs.
Ultimately, the best choice depends on your specific requirements and budget. Consider factors like company size, industry regulations, and desired payroll features when making your decision. With our payroll solution, you’ll gain access to an extensive range of customisable add-on features for Dynamics 365, designed to streamline payroll management and adapt to your business needs.