Payroll is one of the most important functions in any organization. When it runs smoothly, employees feel confident and valued. When it doesn’t, the risks are immediate: compliance penalties, rising costs, and employee dissatisfaction.
As we celebrate National Payroll Week, it’s clear that the world of payroll is changing. By 2029, organizations still relying on outdated systems will face higher risks and costs. The future of payroll is AI-powered, cloud-based, accurate, automated, and people-first.
Why Legacy Payroll Holds You Back
Traditional payroll systems – often manual, fragmented, or outdated – bring hidden challenges:
- Costly manual checks and rework
- Limited visibility into real-time payroll data
- High compliance risk across multiple jurisdictions
- Compliance headaches as regulations shift
- Multiple payroll runs and records across entities
- Lack of real-time visibility into labor costs
In an era of workforce complexity, what worked yesterday simply won’t sustain organizations tomorrow.
How AI is Reshaping Payroll
AI is transforming payroll from a back-office task into a strategic advantage:
- Anomaly detection flags errors before payday, reducing costly mistakes.
- Predictive insights forecast overtime and labor costs to support budgeting.
- Automated compliance monitoring helps organizations stay audit ready.
- Self-service tools give employees more control, improving the overall experience.
These innovations save payroll teams hours each week while ensuring accuracy and compliance at scale.
A Customer Story: Devon Properties
Devon Properties, a leading property management firm in British Columbia, faced payroll delays due to 20 separate legal entities and a lean payroll team.
With Dayforce implemented by OnActuate, Devon achieved:
- Streamlined payroll under one system
- Faster processing across 20 entities
- Reduced manual work for a lean payroll team
- Improved accuracy and compliance at scale
Read the full story here Devon Properties Ltd
“With OnActuate’s help, the project was completed on time, and we’re now realizing the benefits of a fully integrated HCM solution.”— Claudio Addis, VP Finance, Devon Properties
Why 2029 Is a Turning Point
As regulations and technology evolve, waiting until 2029 to modernize payroll will mean playing catch-up. Compliance demands will only increase, while competitors using AI-powered systems will already be operating with greater accuracy, efficiency, and employee satisfaction.
Forward-thinking organizations are acting now to stay ahead.
Payroll is evolving – and AI is at the heart of this transformation. The future is accurate, automated, and people-first.
Ready to future-proof payroll? Contact OnActuate today.
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