How is cloud-based data storage less risky than the paper method?

Asked 2 years ago

We’re expanding our workforce as our company grows, and I am looking to streamline some business processes. My partner suggested we automate the payroll process since most small to medium-sized businesses are going this route. I’m a bit concerned about the security of our data, especially since online information storage in an automated payroll system is not exempt from security threats.

Smes Software vs manual payroll Payroll data security Payroll software

Roderick Weaver

Wednesday, August 10, 2022

While payroll providers are not exempt from security threats, paper data storage is much riskier. Unauthorized personnel can quickly access your confidential payroll data if it's stored on paper, even in a locked filing cabinet. Cloud-based payroll service providers have effective encryption protocols and features like two-factor authentication. 