With so many payroll software in the market, it’s hard to choose one that’s best for your business. Some software focuses only on providing payroll services, while others provide additional features, as well. If you ask a SaaS consultant, they'll tell you to opt for a payroll service that also provides HCM software, such as UltiPro Payroll.
On that note, I've written this in-depth review on UltiPro to help you decide whether or not it's worth it for your business.
Let's get started.
Table of Contents
About UltiPro Payroll
Ultimate Software’s UltiPro Payroll is a dedicated cloud-based payroll system. Built to also act like an HRIS, the software is used by some of the biggest brands in the US. It provides a well-rounded HCM system to make the human resources departments of large-scale companies more efficient and streamlined.
UltiPro offers payroll, human resources, talent management, and HCM services.
Headquartered in Weston, Florida, the company was founded in 1990. Ultimate Software currently has over 6,600 customers in 180 countries with over 5,400 employees.
UltiPro Payroll Pricing
UltiPro has a wide variety of offerings. In terms of the complete package, it provides payroll, benefits administration, talent management, compensation management, onboarding, tax management, performance management, and HR services.
It’s built to cater to large-scale businesses and organizations, which is why there is no pricing information on their website.
Each additional feature, service, and employee you have will raise the prices of your package.
As a result, you have to call the company and request a quote. Their representative will review your company and the services you’ve opted for, and considering all that, provide you with a quote.
UltiPro Payroll Services and Features
UltiPro Payroll may be more expensive than its competitors, but it provides one of the most comprehensive sets of features and services.
With a complete system of records and a user-friendly platform, UltiPro provides the following services.
Becoming more common these days due to the added convenience, direct deposits allow you to send your employees’ paychecks directly to their bank accounts.
It’s a paper and time-saving option that may very well be considered a necessary feature, which is why it’s best to opt for a payroll service that offers it.
The UltiPro mobile app provides easy access to your HR system. You can practically access, change, and manage your entire payroll system from the mobile app.
Furthermore, your employees can also log in to check their statuses.
However, the app does have mediocre ratings on Android and iOS stores. People mostly complain that the app isn’t very user-friendly. Also, some people complain that the app doesn’t run properly on their mobile devices - which means it may not be properly optimized.
You can provide each employee with unique login access. The employee self-service lets employees check the time clock, timesheets, employee information, and payroll data in real-time.
They can also check the employee benefits and access any related information.
This saves employers and managers a lot of time from redundant queries and questions.
Reporting and Compliance
The software lets you create reports on the analysis of taxes, employee compensation, payroll, and more. If you have UltiPro’s advanced version, you can customize payroll reports according to your needs.
The software also automatically updates local, state, and federal records for new hires.
Time and Attendance Tracking
UltiPro provides several choices when it comes to time and attendance tracking systems. Depending on your preference, you can opt for a manual time clock, an electric timesheet, or an integrated time-tracking system.
Once you’re set up, the software automatically calculates your local, state, and federal taxes. While also recording deductions from employees’ paychecks.
If you set it up, the software also makes tax payments. It also provides updates on any changes in tax percentages enacted by the government. Said changes are automatically applied and adjusted into the system without requiring any manual input.
If you opt for it, you can access integrated employees benefits management services. This feature helps keep track of the benefits you provide to your employees, such as, any retirement benefits, the amount of paid time off, health insurance value, etc.
If you didn’t have the feature initially, you can add it as an optional module.
UltiPro Payroll Pros and Cons
UltiPro Payroll is a HR software with a payroll solution, among other services. However, it depends on how much money you’re willing to spend on such a SaaS system.
The following are some reasons why UltiPro Payroll wins over others.
- The software provides one of the biggest sets of features and services in one place, along with constant customer support.
- Full automation ability makes sure that none of your processes require any human input. This saves hundreds of hours of HR work.
- Acting as an employee management software, it also provides benefits management and time tracking services.
If you can afford the best version of the UltiPro software, you can practically automate your entire HR department.
The following are some reasons why UltiPro Payroll is not preferred by people.
- The software doesn’t integrate well with others. This makes it hard to transition to UltiPro from other payroll software.
- While there’s the ease of use once you’re familiar with the software, there is a steep learning curve.
- Considering other payroll software in the market, the price of UltiPro Payroll is very high - especially when you add all the additional features in the mix.
However, since large-scale businesses usually opt for UltiPro Payroll, the high price isn’t much of a problem. On the other hand, it can be hard for medium-sized businesses to choose UltiPro, since they can find better alternatives in other payroll software.
Is UltiPro Payroll Worth it?
The concept of business intelligence and all SaaS metrics make one thing clear, automation is key to sustainable growth.
If you invest in a software like UltiPro Payroll as a medium-sized business, there’s a good chance your business will outgrow other SMEs. Software that automates nearly all HR systems might be expensive, but it will save a lot of time, effort, and resources.
In other words, if you can afford UltiPro’s services, there’s a good chance you’ll get a positive ROI in the long-run.