MIP’s payroll module would allow Water Replenishment District to have more control of its financial data. By keeping payroll in-house, they could react to changes quicker, and have complete control of their data.
For example, Water Replenishment District could easily account for payroll cost elements like employee benefits and labor allocation in lieu of having to communicate with an outside party. By keeping payroll in-house, it allowed the Water Replenishment District to minimize the potential for errors and ensured payroll cost elements such as labor allocations and related costs were allocated correctly.
Using one multi-purposed fund accounting system would reduce redundancies and allow the team to be more efficient, instead of relying on multiple systems to perform individual, siloed tasks.
Water Replenishment District took their advice and decided to stick with MIP. Bui got up to speed on payroll processing and was able to take over payroll processing for the organization seamlessly. It was a massive success.