How AI Is Reshaping the Future of Payroll | Mark Paraskeva

In this episode of The Payroll Podcast, Nick Day interviews Mark Paraskeva, CEO of Paiyroll, about the role of artificial intelligence (AI) in payroll. Mark discusses how AI can automate payroll processes, streamline data migration, and reduce manual data entry. He emphasizes that AI can automate tasks such as switching payroll systems, importing data from various sources, and generating payslips, P45s, and P60s. Mark also highlights the importance of human oversight in programming and managing AI systems, ensuring accuracy and compliance. He envisions a future where payroll professionals are more fulfilled and less stressed, focusing on providing great service and strategic insights rather than being bogged down by manual tasks. The discussion covers practical applications of AI, such as live pay updates for employees, automated error checking, and the integration of payroll with HR systems.