Powerful integrations for smarter collaboration and generation of pay-slips for a specific period. The outstanding benefit of Payroll Management System is its easy implementation.
Features in Payroll Management System
Automatic payroll calculation
Run payroll in a few clicks and automatically generate pay-slips online with a thorough breakdown of taxes, allowances, and deductions.
Diverse salary structures
Create multiple pay slabs for your staff, leads, and managers and associate the right template with each employee.
Straight-forward statutory compliance
Steer your business clear of compliance penalties. We handle your statutory compliance including (PF,PT,ESI,LWF and IT) and make filing easy with tax reports.
Fine-grain admin privileges
Invite your qualified staff to process payroll but maintain control with user roles and role-based access.
Encourage employee self-service
Enable seamless collaboration between employees and your payroll staff and reduce the burden of employee requests.
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What is Payroll Management System?
The payroll management process, in short, refers to the processes related to HR and is directly related to the company’s employee’s financial records. This would include information about the employee’s salaries, incentives, bonuses, deductions, and net pay. A company must maintain and keep these records as dictated by the regulation. A payroll system is a significant compliance software for businesses. It is very important that a business preserve a stable and regular financial procedure by which they can pay their employees on time. Not being able to disburse salaries on time, or any unnecessary delays can cause employees to query the financial constancy of the company. Moreover, it may even have an effect on the confidence of the company’s personnel. Apart from this, you also have to consider the fact that a payroll management system is mandated by law.