Get your Employee Administration on Track with Eilisys Time Tracking Software

You’ve been treading the same old path for years with those age-old conventional employee administration methods, only to convince yourself about their efficiency, despite deep somewhere knowing that these conventional techniques wouldn’t work for long, and you’d require the technology prowess to manage these in the long run! Complex, isn’t it? Then why complicate business, and the life of your own employees? Here’s Eilisys’s employee time tracking software that would help you place employee administration for your company on track. This blog would categorically look at some of the benefits brought to your desk by Eilisys’s HCM software, employee time tracking software and HR management software.

The Need for Technology into Employee Administration

Technology has disrupted the traditional work processes into almost every industry. But this disruption hasn’t been negative, but positive. It has expedited workflows, increased work efficiency, improved accuracy levels, and moreover, has facilitated real-time information to the business owners, thus empowering them with the capabilities to make informed decisions. All of these benefits collectively contribute to business welfare in the long run.

Employee administration and its complications, of course, aren’t an exception to this. The age-old musters could have been into the system for a long time, but then, today, employees too have become demanding, and therefore the accurate management of employee aspects is only possible with the help of technology. Besides these, the expenses incurred in nurturing resources exclusively for manual record keeping and tracking proves to be another confrontation for business owners. Let us now look at the benefits of employee management software.

Benefits of Workforce Management Software

The software brings the following benefits.

  • Simplified tracking of employee history, associated with their skills, abilities, and achievements.
  • Technological solution towards maintaining accurate payroll computing, attendance record, employee shift scheduling, performance evaluation, absenteeism tracking, employee movements, and to manage various employee related functions.
  • Reduces manual efforts incurred in employee manual tracking and record keeping.
  • Data security of employee records at all times.

Benefits of HCM Software

  • Aligned with the business requirements.
  • Helping the HR professional to add, delete, or to make any other changes based on the business or departmental needs.
  • Effective and simplified management of human resources
  • Compatible on desktop, as well as iOS systems, thus making it possible for the HR professionals to manage business functions on their smartphone as well.

Benefits of Employee Time Tracking Software

Since employee time tracking is a multi-dimensional business function, Eilisys’s employee time tracking software offer the following benefits.

  • Compliance management through the management of various forms such form20, overtime, muster roll, etc.
  • Simple and hassle-free integration with the existing attendance management system
  • Easy and quick shift management for supervisors.
  • Daily attendance tracking and management.
  • Automated email notification to employees about their attendance exceptions
  • Eliminate revenue leakage through accurate management and computing of overtime.
  • Availability of comprehensive reports in multiple formats.
  • Ability to design your own customized reports through the exclusive report writing tool.

While operating business in the modern business environment, it is imperative that you adopt modern business practices, and most importantly embrace technology in the pursuit of keeping up with the dynamics of new-age business practices. Eilisys is your trusted partner in this endeavor that brings cost benefits and retains employee trust. For more details on the employee time tracking software, get in touch with Eilisys at (+91) 20 6729 5300.

Are You Also Paying The Cost Of Manual Payroll Errors?

In any organization, payroll is the most complex, critical, and demanding function. Sometimes you could end up paying the double prices for the errors made in payroll. But these errors are not visible to many until it makes a hefty cost to any organization. Because of these reasons, many companies have already opted for the payroll processing software rather than getting it done manually.

Here a few factors are mentioned which may cause errors in the payroll process and hence will lead to extra expenses. And this is where; an HCM Software can help you to deal with this in a much proficient & professional way.

  • Extra Labor Hours Spent On Error Correction

Payrolls need to be accurate and there is no scope for a single error. So, when an error is happening in the payroll process, it needs to be corrected immediately. Many times it becomes difficult to find the error, which leads to more time in correction. All this involve human labor and this fact is overlooked & didn’t realize by the organizations and lead to extra labor expenses. The number of hours an employee spent in correcting the error can be used somewhere else in a more productive task. Payroll Processing Companies in Pune suggest how it is imperative for the organizations to go for payroll processing software to save these long labor hours.

  • Penalties Due To Non-Adherences to Compliance and Labor Laws

We all know payroll is bided to certain compliances and labor rules & regulations like tax calculations, insurance of the employees, certification, etc., which need to have adhered without fail. These laws also change with time, making it live & applicable immediately in the manual process becomes difficult. Non-compliance to such laws can incur the heavy penalties’ and cost to any business with severe repercussions. Payroll Software Products in Chennai offer the solution to get the same updated at a single place and replicate at all. With payroll processing software you can be assured on the part of compliance.

  • Misclassification of the Employees And Contractors

There may be some people working for you as an employee and some as contractors. And each would be having a different coding for making a clear classification, that further help to do the respective calculations of their dues. But by any chance, if such coding is done wrong for any employee or contractor then calculations with respect to salary, overtime, benefits, taxes will all go wrong. And the company will pay the wrong dues to the employee and also submit the wrong taxes on behalf of them as they are liable for paying employees taxes to the government. This may lead the organization to certain unavoidable circumstances which may be pricier. But with payroll processing software this segregation can be implemented easily.

  • Error Done At The Time Of Hiring In Employee Profile

When new hiring is done, employee profiling is also done in a payroll system, if any error happened at the time profiling then calculations will also go wrong. And if a new employee gets his first-month salary with all the wrong calculations, then you can know the state and morale of the employee. This will lead to distress and can affect trust in the organization. With payroll processing software you can ask the new employees to validate his/her profile, which can not only save your time but also help to get the things correct at the first place itself.

As we mentioned above, these errors hard to recognize but yes can badly impact any organization. Eilisys Technologies Pvt. Ltd. who is providing Payroll Software in Bangalore can help you to optimize your workings and time to get the desired results.

 

Utilizing Technological Prowess to Manage Payroll through HCM Payroll Software System

‘We apologize for the delays caused in releasing the salaries this month, due to a technical glitch’. Often, employers are compelled to send these emails to their employees at the end of the month, or when the salary release date is near. This could be quite annoying and even worse, frustrating, as this is the time when employees expect their salaries, and out of their excitement, only discover that the salaries are going to be delayed. Perhaps, the employees could take it once or twice in a year, but not more than that! The solution here is to technologize payroll operations through a comprehensive payroll management system.

Salary is the least that employees expect out of his employer, and if that isn’t credited in time, or is incorrectly computed, they gradually start losing trust. This could also have long-running effects on the credibility of the organization in the job market, and also amongst the stakeholders of the organization. Payroll, therefore, is a serious concern, and hence, employers must ensure that payroll is dealt with in a sincere and timely manner.

Why Payroll Management System to Handle Payroll Operations?

Of course, payroll management isn’t an easy task. It takes an exclusive workforce to ensure that all the necessary components of the payroll gamut are taken care of in the most compliant and appropriate manner. Payroll today requires to be managed with the help of technology. Manual payroll management could be time-consuming, and moreover, the manual errors committed could lead to a major revenue leakage in the long run. Perhaps, a lot of companies realize this only after considerable damage has already been done. Hence, technology is the way out here, and Eilisys is your technology partner out there!

Eilisys payroll management software not only helps organizations achieve precision but also process payroll in time, along with an assurance of compliance at all times. Nevertheless, these are only a few benefits associated with the payroll software system, there are many other features that result in many other benefits, some of which are, a simplified and transparent payroll function. Let us now proceed to take a look at some of the features of Eilisys’s payroll management software.

HCM Software | Payroll Management Software India | Best Payroll Software in India

Payroll operations are something that impacts multiple verticals at a time, and therefore it isn’t only the HR department that is relieved out of manual payroll management after the inception of payroll management software, but other departments as well that leverage its features to their respective benefits.

  • Human Resources Department
  • Maintaining employee job history.
  • Calculating arrears
  • Bulk FnF settlement with provisional form 16 on the same day
  • Processing supplementary payroll
  • Facilitation of comprehensive payroll reports in various formats like MS-excel, PDF, etc.
  • Managing salary holds and releases
  • Finance Department
  • Creating audit trails
  • Parameter driven salary JV
  • Digitally signed form 16
  • Calculation of interest on EMI or equated principal basis
  • Automated TDS calculations
  • Loans and advance tracking
  • Easy integration with the existing ERP/ financial accounting, etc.
  • Statutory Compliances

This mainly involves managing various forms involved in payroll operations such as ESIC form 6, provident fund Challan, ESIC statement and online Challan, and other forms such as 3A, 6A, 12A, 5, 10, 9, professional tax statement, etc.

Eilisys’s professional payroll management software is one solution with multiple benefits. It simplifies and expedites payroll operations, improves accuracy, and further, more importantly, helps the company remain compliant, and also retains employees and stakeholders’ trust, in the long run. For additional information, or for a demo, get in touch with Eilisys at (+91) 20 6729 5300.

Letting Technology Handle Workforce Management through Workforce Management Software

The advancements in technology have made it possible for business owners to graduate from the manual workforce and payroll management to automating both the functions, and thereby achieve the highest levels of accuracy, assurance of compliance, and also retain the interests of the employees as well as the stakeholders in the organization. Eilisys’s workforce management software and HR payroll software are customizable software products that relieve business owners and employee administrators out of the mundane administrative tasks of payroll and workforce management, thus leaving them more time and bandwidth to take care of the strategic ones. Here’s a blog that talks about the features of both these software products.

The Significance of Workforce Management Software and HR Payroll Software

Let us first ask a question! Who doesn’t need automation and technology in business? Most of the business owners would say, yes! And why not! Automation is something that simplifies a lot of tasks. Besides, when programmed in accordance with the standard operating procedures and compliance, it also offers accuracy, and moreover, saves time when it comes to managing time-consuming, repetitive and lengthy tasks. In simpler words, it helps business owners to utilize their resources for more productive and strategic tasks. The use of technology has a long-running impact on the organization’s reputation. Employees, and to a large extent, corporates as well prefer working with companies that deploy the latest technology and expedite all the major administrative tasks, to be able to offer quicker services.

Features of HCM Software | Features of Employee Management Software | Workforce Management Software Features

Here are some of essential features of Eilisys’s employee management software.

  • Managing compliance reports such as form20, overtime, muster roll
  • Compliant with labour laws
  • Exception handling features that include absenteeism, under-scheduled, shift variation, missed punch-in, late punch-out
  • Notifications for deductions arising out of attendance exceptions to the employee and the line manager
  • Real-time data related to attendance, employee movements, and shift-schedule.
  • Facilitation of simple work shift management for supervisors
  • Extra time management features helping save revenue leakages happening on account of manual shift and attendance management
  • Configurable compensation as overtime or banking of hours to later be able to claim a compensatory off
  • Availability of 30 standard reports
  • Report designing tool to customize the reports and fetch them in multiple formats.

HR Payroll Software Features

  • Leave and attendance regularization
  • Variation report for the transactions of the previous months.
  • Monthly salary management
  • Maintaining the job history of the employees
  • Digitally signed form 16
  • Employee report generator and salary master data
  • Audit footprints for earnings/ deductions and changes to employee master information
  • Arrears calculation
  • Parameter driven income tax calculation and salary JV
  • Loans and advances tracking
  • Extracting professional tax statement, provident fund reconciliation statement, income tax statement, ESIC statement, online challan, etc.
  • EMI or equated principal based interest calculation
  • Processing supplementary payroll

For more information on Eilisys’s HR payroll software and workforce management software, get in touch with Eilisys at (+91) 20 6729 5300.

Overcoming Employee Management Challenges with Employee Attendance Software

Managing employee attendance through the conventional musters and maintaining a manual record of leaves, attendance exceptions, etc. is quite simple and hassle-free when you’ve got a few employees to look after. However, with the increase in the numbers of employees, it is necessary that the growth is complemented through the automation of a few aspects of employee management, and that is by deploying employee attendance software within the administrative processes of the organization.

Before we proceed to understand the software, let us do a reality check?

So, you think, you’ve been saving a lot of money by not requiring to invest in software, and proud about the fact that you’ve been successful enough manually managing it! Well, in that case, perhaps, your pride could be short-lived, as this strategy isn’t healthy in the long run. Something that apparently comes in as a money saver today could actually be costing you a lot of unrealized revenue leakage, and which could be detrimental from the viewpoint of long-term operations. If you haven’t realized this, then it is high time, you make the necessary technological investments, and if have, but have not done anything to seal the situation… it’s yet even more alarming! All in all, you’ve got to resort to technology, as, if you expect accuracy and timely results, it is imperative that you walk the automation way.

Benefits of Time Tracking Software | Advantages of Employee Attendance Software

The software brings in a lot of benefits when deployed at the right time, and with the right customized features embedded. Here are some benefits the Eilisys’s employee attendance software would bring to your table.

  • Accuracy while computing information
  • Timely processing of information
  • Real-time availability of information at all times.
  • Automating a lot of complicated and time-consuming tasks.
  • Customized features to suit the specific business requirements.
  • Detailed analytical reports to understand various employee attendance trends.

HRMS Software Mumbai | Time Tracking Software Features | Features of the Employee Attendance Software

Eilisys’s employee time tracking software simplifies employee management on various fronts that include some of the following.

Compliance Management

  • Applying overtime policies by being compliant with the local and national labor laws.
  • Generating compliance reports associated with form20, leave a card, muster roll, etc.

Handling Exceptions

  • Email notification to employees for proposed salary deductions, attendance exceptions, etc.
  • Configurable deduction policies for attendance exceptions.
  • Regularizing exception through on-duty or punch regularization application
  • Managing various attendance exceptions including missed punch, late-in, early-out, absenteeism, etc.

 Integration Abilities

  • Easy integration with the existing attendance systems and with payroll systems through the configurable output template.

Reporting

  • Over 30 standard reports, and the ability to design a customized report with the help of the report writing tool. 

Easy and Efficient Shift Management

  • Shift schedule management with the workflow based approval process.
  • Customized template for specific shift patterns.

 Managing Extra Time

  • Exclusive abilities to configure compensation as overtime or banking of hours to claim comp-offs
  • Sealing revenue leakages through overtime posting based on the pre-approved overtime plan.
  • Customized calculation rules for varying day types including regular working days, weekly off, public holidays, extra time, etc.

 Time Tracking – Simplified!

  • Real-time data availability of time and attendance
  • Shift management at the supervisor’s fingertips
  • Automated email notification for attendance exception to the concerned employee.

Eilisys’s employee attendance software is a modern solution for modern business owners who wish to keep up with the quick-paced dynamics of employee management. So, if you too are one amongst the prudent business owners, Eilisys’s offers you all the reasons to deploy its employee management software. So, pick up your phone and connect with Eilisys at (+91) 20 6729 5300 today!

Automate Your Office Attendance Through Eilisys

Employees recording their attendance first thing in the morning is something common that happens in offices around the world. When automation is used to make life easy in every sector, then why not use automation for attendance? When you record attendance manually; at the end of the month, you need to compile it which is a tedious job. Here’s where Eilisys can help.  Using our attendance management software can help you automate your attendance tracking.

Automated solution

The ideal situation is where a biometric device is installed and you use Eilisys software to record attendance. Let us see how this automated solution works:

An employee comes in and records his thumb impression using the biometric device. This is stored on the device. At the end of the week or month, connect the device to your computer that has the Eilisys employee attendance management system loaded on it. The software would download the data from your device and automatically record the attendance. It gives you options to generate various reports, so you can know the attendance of each individual employee.

How does it help?

The attendance software has many advantages when implemented in a company or factory.

  • They can be connected to a biometric device or swipe card or any sort of recorder.
  • You can get the attendance status of employees instantly, with multiple report options
  • Over time, compensatory off, leaves, everything can be easily managed using the employee attendance software offered by Eilisys.
  • The entire leave system can be automated through this software, reducing the workload of your HR department.
  • The software can be seamlessly integrated with any payroll software so the data can be directly used by the payroll software to calculate monthly salary.
  • Employees also can log in to the software and know their attendance and leave status. This would be very convenient for them, as they don’t have to approach the HR department for everything.
  • They can know punch in and punch out times. Some companies allow a certain number of times of late punch. In such situations, this information will be very helpful for employees.

Eilisys software is definitely beneficial for a company and its employees as the entire attendance and leaves system is automated making life easier for everyone.

Customized solution for you

If you are planning to automate your attendance system, then we are the best partner for your automation process. We are a company with more than 15 years of experience in HR and payroll solutions for all types of organizations. We have worked with top companies like:

  • Fujitsu
  • SKF
  • Westside
  • Samsonite
  • TUV
  • HSBC
  • KPIT
  • Mahindra

Our USP is that we offer customized solutions for you. We do not believe in offering a single product to all companies. Each company or factory is unique, their needs and requirements are unique. So, we customize our software to meet their requirements. Our customized solutions would take care of all your needs.

We are obsessed with customer satisfaction and our aim is to ensure our product satisfies you completely. Do contact us for your attendance software needs.

Payroll Solutions From The Leading Software Company

Eilisys is a leader in HR and payroll software applications. Ascent is one of the most popular payroll software products created by us. This has been proved to be one of the best payroll management systems in the market, thanks to its extensive features and ease of use. The successful implementation of our software by our reputed clients like HSBC, Samsonite, TUV, Mahindra, Mahle, and KPIT clearly shows why this is the best software.

Automating your payroll

People work for money. At the end of the month, every office, factory, and company needs to pay their employees, for which payroll has to be generated. Doing this manually is cumbersome and tedious. Automating the process using software is definitely beneficial. When you use the best payroll software in Delhi, then you are making your work definitely easy.

The software would consider the attendance, leaves and prepare the payroll list, which you can straight away send to the bank for deposit of salary to employees account. Ascent software can also be used to calculate income tax, deduct TDS, and can also accommodate flexible reimbursements, making it a truly great software to use.

Benefits of the software

When you use Ascent, the best payroll management software Delhi, you get many benefits. This includes:

  • Minimum data input is needed, all calculations are done by the software.
  • You can connect the biometric attendance to the software, so the number of days worked will also be taken automatically.
  • It is very simple to use and doesn’t require expert knowledge.
  • It is 100% accurate and gives you correct results every single time.
  • It is suitable for every kind of business, whether it is a small office or a large factory
  • Loans taken by employees, EMI tracking, Generating Form 16, Deductions are all options the software has.
  • It is the best HRMS software in Delhi, and can help in mass updating of data for earnings and deduction, and can calculate arrears and revision of salary can be done very easily.
  • A small business can save manpower by using this software. It leads to cost savings.

The best software for you

Undoubtedly, Ascent is the best software for every kind of business. It has a proven track record. Being the top payroll software Delhi NCR it has been implemented in more than 600 organizations successfully. This itself is proof of the software’s popularity and reliability. All types of companies can benefit from this software.

We believe in total customer satisfaction and hence have given the option of a 60 days customer guarantee. Under this, if after 60 days of using the software, the customer is not happy, then we return the customer’s money. This is the confidence we have in our software. We are sure that customers would find the software perfectly suited to their needs.

Eilysys has a range of software in the HR and finance domains. Our software is used by more than 5,00,000 users and is robust. So, do contact us if you require payroll solutions, we can give you a detailed presentation on how our software would help your organization.

Manage All The Hassel And Stress Of Payroll Management of Your Organisation In One Go!

Owing to the magnanimity and complex structure of today’s business operations and structures, managing payroll of all the employees and staff is a real time pain. The ever growing statutory compliance and the requirement of large number of calculations make this process all the more complex and layered. To manage all of this without stress and great ease, the businesses now need payroll management software which is all backed up with the necessary requisites and is absolutely safe and secure.

Eilisys is undoubtedly emerging as one of the leading Payroll Management Software India, and are known to be the most trusted, genuine, reliable and authentic in the name of providing the Best Payroll Software. Over the years, we have been providing an unmatched and unparalleled payroll management solution that is based on the simplistic principles and is capable of successfully handling all the aspects of payroll management.

The biggest challenge and problem that most of the organisations face today is to make sure that there is a proper and equal distribution of salaries of all the staff employed, hence the concept of employee software has been around for a considerable amount of time. But, the HCM software that we have here at Eilisys is an extremely easy tool to use, even for the complex and not so conversant employee and individual and is specially crafted to cater this challenge and need.

The payroll management software India by Eilisys is not only easy to use and simplistic, it at the same time makes the life relatively very easy and smooth to both the departments of human resource section and the accounts team of the business organisation. Also, considering the complexities involved in the whole process, many of the businesses are now outsourcing their work to other companies but this doesn’t ensure and guarantee that all the aspects and measures will be properly taken care of and that all the details of the components are taken down. Therefore, the Payroll Software System that we offer here at Eilisys is well developed and curated with an intention to bring down all the complexities and stress in a single go.

Also, at the times when the business is in need of expanding its services and solutions, there arises a need of software that is compatible and goes ahead with a series which is extremely user friendly, simple and easy and which is capable of fixing all the queries and challenges in a single place at a time. The most troublesome situation is when an incorrect salary slip is generated of an employee; the whole business management has to suffer in this circumstance. But, to fix all of this, the organisations need not to worry now.

The best payroll software by Eilisys is well equipped to handle and manage all of this and is specially developed with multiple configuration reports and programs for the following parameters:

  • PT Reports
  • Reconciliation Reports
  • MIS Reports
  • User Defined and Ad-hoc Reports
  • Customisable and Tailored Payroll statement, salary register and wage register
  • Reports under CLRA of various states of the country

If you are also looking for the best payroll management software, feel free to reach us at our office or else drop in a mail and our representatives will get back to you shortly.

Accomplish HR Goals With The Award Winning HRMS & HCM Software

Not every systems gives you the result you wish for Selecting the HRMS is a payroll management software to handle HR activities like  trademark of the modern company, there are few successful companies in any industry that do not have some sort of automation in place for HR tasks at this juncture. The HRMS functions for Human Resources department involves tracking employees histories, skills, abilities, salaries and accomplishments. Many organizations are beginning to realize their most valuable asset is their human capital. HCM software offers an array of applications designed to assist in the acquisition, tracking and development of employees-effectively automating and streamlining processes. HCM software basically helps to bring employees into the organization conversation from the very start, empowering employees and strengthening their voice within the company. The lines between HCM Software and other types of HRMS are becoming more blind as time passes.  HCM software blend and merges with other types of software.

HRMS is that software for which the simplicity you need for payroll management Because the payroll management software in India is just a more than a payroll package. It can be considered as the complete human resources management system that empowers decisions and boosts productivity from recruitment to hiring. We provide you the best payroll software system to organize, access to critical employees data and tracking details.

 Flow of Information By payroll management software

The flexible architecture of HRMS allows various people in the organization to directly See the data which they need. HRMS is the Best payroll software system that permits the authorized persons to have given rights for. This reduces the burden on the HR and payroll management software in India since they do not have to service internal requests anymore.

Payroll management System:

Here, we can say the specialized strength of HRMS is its flexibility and ease to define any type of salary structure with the user described formulas and settings we guarantee that your requirements will be perfectly implemented every month.   It can be considered as the best payroll system software with that single click, the software accurately computes salary for all employees including statutory Deduction, loans deduction, stop payment, revisions, loss of pay, pro-rata salary, income Tax or any other defined head of pay.

This is a well-equipped payroll management software that can significantly relive your HR department from a lot of monotonous manual work. Our payroll software will process the salaries quickly and off ourselves accurately. The benefits can be noted here:

  • Quick processing payroll.
  • Manages the reimbursement claims.
  • Generates Form 16 quickly.
  • Accessible to view and print pays slips.
  • Customizes the report when required.

Management for Leave periods:

It’s a most effective employees leave manager policy helps you tackle multiple problems and concerns within the organization.  HRMS allows you to create multiple leave schemes for different employee’s categories in terms of the tittle quantum of leaves and other policies. You only have to enter the dates on which an employee has availed leave and the types of leave availed.

Laws management:

A compliant to the various statues and labor laws can be a guaranteed task in itself, but adding to the complexity is the necessity to generate e-challans as per the requirement standards. So we can’t imagine it doing manually as the imagination would bring to you the nightmare. Our software will considerably ease the load by automating the format to comply with e-challans generation. It also generates the law forum as required. Employees often need to access their work related information for various purposes. It won’t be established and easy by manually in any big organization.

 

Elusive Reasons For Automating The HR Payroll Management

Do you know what the great strategy for any business is? To save money wherever possible and maximize profits. And one of the ways to do so is to automate your system. One of such critical and important area where automation can be done is the HR Payroll Management. We all know the importance of payroll management in an organization who has employees; it is the heart of the business and the most time-consuming process too. A minor mistake in the payroll processing yields too many hours of re-work, but thanks to IT advancement, that has solved the problem of processing of payrolls manually.

The payroll data of any organization is very vital and its integrity needs to be maintained in the trusted hands which can be possible within the organization only. So, investing in the HR payroll software automation is the best option to go for.

HR payroll software is a cost-effective solution for any business entity as manually managing the payroll is not only time-consuming but overbearing too. The window of error is always open when this activity is done manually. When the organization is not so big, in that scenario payroll team and HR are not only understaffed but over-burdened too, this leads more in-efficiency. Not having adequate automated software in place always put organizations at different risk.

Reasons – Why You Should Get HR Payroll Software?

 There are many reasons to support to have HR Payroll Software in place in any organization like decreased labor cost, saving time, and increased efficiency & accuracy. Lets’ understand and see in detail the benefits of getting the automated HR Payroll Software,

  1. Compliance is assured – All organizations are bounded to certain laws and regulations and in turn their processes too. The same applies to the payroll systems as well. As this is one of the complex processes where financial restrictions are stricter and no deviation can be expected like complying to financial regulations such as the Sarbanes-Oxley Act of 2003 is now being followed by all organization. So keeping the systems up-to-date and implementing the new set of rules and regulations becomes much easy with the automated HR payroll software system. And as all other systems are interconnected to each other like workforce management software and employee management software to the payroll system, then adjusting the changes at one location or on the master data can get easily replicated on others.
  1. Increased Benefit of Self-Service – If you have the Employee Management Software, many things for which employee runs after the HR person can be done by themselves and hence can easily get updated or reflected in the payroll data as well like the change in the bank account, addition or updating nominee, adding tax details, etc. 
  1. Increased Efficiency – Investing automated HR payroll software not only allow you to accurately manage your payroll process with accuracy, no errors, less staff hours, and fast turn-around time but at the same time also allow your payroll staff and HR people to get engaged in other much productive activities, where they can planning and work on improving the skills of the employees basis the data received from workforce management software.