Finance teams are the backbone of every organization’s growth. CFOs, controllers, and accountants manage cash flow, forecasting, and financial health. But when internal payroll administration sits solely with finance, it can pull leaders away from higher-value strategy.
That is why payroll works best in partnership. At myHR Partner, we do not replace finance teams. We collaborate with them to make payroll administration seamless.
If you are still deciding whether to outsource payroll to HR or accounting, we break down why HR-led payroll outsourcing is the better choice in this article comparing HR vs accounting firms for payroll.
Payroll Compliance as Shared Responsibility
Finance leaders are experts in budgeting and forecasting. HR professionals are experts in employment law. Together, we cover all sides of payroll compliance.
With HR outsourcing, payroll administration tasks are handled by specialists, while finance retains full visibility and control through approvals, GL mapping, and funding. This segregation of duties reduces CFO risk while keeping payroll accurate and compliant.
Freeing Finance Teams to Focus on Strategy
Payroll cycles, wage garnishments, and PTO accruals are time-intensive. When finance leaders spend hours managing payroll, they lose bandwidth for the strategic work only they can do such as financial planning, growth modeling, and advising leadership.
By handling payroll execution, we free finance to focus where they add the most value.
Payroll Reporting Designed for Finance
Managing payroll in-house is rarely cost-effective. Training, turnover, software upgrades, and compliance updates add hidden costs over time. By outsourcing payroll through HR, finance leaders gain predictable pricing and eliminate the risk of disruption when staff transitions occur. The model also scales seamlessly as your workforce grows across states and business units.
Protecting Sensitive Payroll Data
Payroll involves sensitive employee information, including Social Security numbers and banking details. At myHR Partner, we use enterprise-grade encryption, documented SOPs, and audit trails to keep that data secure.
Finance leaders can rest easy knowing the highest standards are in place.
Payroll as Part of the Employee Experience
Employees do not think of payroll as “finance.” They think of it as part of HR.
By aligning payroll under HR while providing finance the reporting and insight it needs, we create a seamless, unified employee experience. That means fewer silos, clearer communication, and stronger trust across the board.
Why Finance Teams Partner with myHR Partner
We do not compete with finance. We strengthen it. Our goal is to collaborate with your team and make internal payroll administration effortless.
- Compliance expertise combined with financial reporting
- Segregation of duties that protects CFOs while preserving control
- Predictable, scalable payroll operations
- Secure payroll technology
- A better experience for employees
Next Steps
Keep your finance leaders focused on growth. Let the HR experts handle the complexities of payroll administration — Turn to myHR Partner for payroll administration.
With myHR Partner, you get a dedicated team of payroll professionals who abide by the best practices outlined above and many more. Our payroll team works seamlessly with your chosen payroll vendor to ensure employees are paid accurately and on time. Better yet, our payroll management services are soup to nuts, meaning we have the right tools to handle every last internal aspect of the process on your behalf. We ensure total peace of mind whether it's time to process another payroll or it's year-end.
Download our Year-End Payroll Checklist to see how proactive payroll planning can transform your payroll process.
By putting your employee payroll in the hands of time-proven, responsive professionals, you can avoid missed deadlines, reduce the risk of financial consequences for non-compliance issues, and focus on building, growing, and improving your business. Let's talk about transitioning your payroll management process to myHR Partner- schedule a free consultation today.
Frequently Asked Questions
Q: How does myHR Partner support finance teams with payroll administration?
A: We manage payroll administration tasks such as compliance, employee changes, garnishments, and reporting, while your payroll processor still handles the paycheck calculations. Finance retains oversight through approvals, GL mapping, and funding.
Q: What payroll administration tasks can finance leaders hand off to myHR Partner?
A: Time-consuming tasks like PTO accruals, wage garnishments, labor cost analysis, and pre-payroll registers. Offloading these gives finance leaders more time to focus on forecasting, analysis, and growth strategy.
Q: How does HR-led payroll administration improve reporting for finance?
A: We deliver detailed reports including GL integrations, labor cost analysis, and pre-payroll registers. This ensures finance has the data needed for decision-making without being pulled into day-to-day payroll work.
Q: Does outsourcing payroll administration mean finance loses control?
A: Not at all. Finance teams keep full visibility and approval rights. myHR Partner manages payroll administration while your processor runs paychecks, giving finance both control and relief.
