Ascent | The best Payroll Management Software in India

Ever wondered what is common between the Mahindra Business Solutions, John Deere, Bain & Co, BCG, Tetra Pak, Samsonite, Alfa Laval, Westside, Crompton Greeves, Ambuja Cement, Sequoia, HSBC, ACC, Bajaj Allianz and SKF?

Besides the fact that they are the leaders in their respective fields and are known for their world class offerings, they all use Ascent Payroll system for managing their payrolls.

As the scale of operations of the company’s increases, the HR management system starts to pay a crucial role in keeping the engagement levels high for organizations. Also, as the scale becomes bigger, payroll management software systems start becoming a necessity rather than a luxury for smooth functioning. This is where Ascent Payroll software comes into the picture.

The role of payroll management software is not restricted to just paying salaries anymore, it is now capable of managing a host of objectives encompassing the finance department, statutory compliances and HR departments itself.

Ascent Payroll software is widely acknowledged as the best payroll management software in India since it assists in achieving efficient and smoother coordination between these three important functions.

For the Finance department, Ascent Payroll software system helps in tracking the financial angle of an employee’s salaries ranging from actual payment to the employees bank account, tracking of loans & advances, EMI, Income Tax & TDS calculations, digitally signing the Form 16, employee reimbursement management, creating an audit trail of earning/deduction for the employee and above all integrating with the existing ERP or financial software that the organization uses. These capabilities not only make the life of the Finance department easier but also help them focus on their core competencies.

From the HR departments perspective, a good payroll software management system is supposed to capture and maintain the employees past and current job history, create the Form 16 for all eligible employees, create the Full and Final settlements for parting employees, manage the salary revisions, investment declarations, attendance of individual employees, managing arrears and leave regularisation, hold or release salary in emergency situations and above all create an employee and salary master at any given point of time.

From the statutory point of view the payroll software system should be able to generate all relevant challans, returns and Forms pertaining to Income Tax, compute and deduct Professional Tax, reconcile the Provident Funds, generate the ESIC forms, statement & challans, and comply with all statutory requirements from time to time or as required.

Earlier, these things used to take days to compile and that too was not errored free. But what makes Ascent Payroll software the best payroll software of India is the fact that not only does it take care of all employee, organizations and statutory requirements, it brings in efficiency, accuracy and above all speed into the entire process. Depending on the nature of the activity and their authorization levels, most of these things are available to all the employees at the click of a button.

However, one thing is for sure, that compared to any other payroll management software in India, Ascent Payroll Software has emerged true on all requirement, is robust enough to take care of any scale of operations and is extremely accurate, fast and above all customizable to the needs of the particular organization.

No wonder Ascent Payroll Software is the preferred choice of over 930 organizations, big and small, and is used frequently by over 500,000 employees for managing their payroll related queries.

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.

Essentials Of A Good Payroll Processing Company In Pune

Reckoned as the IT hub of Maharashtra, Pune marks the presence of several big and small IT industries. One of the most critical points of consideration for all these IT firms is the processing of their employee salary per month. The big firms usually operate their independent department for processing their employee’s salary. On the other hand, in small companies, the salary processing task is generally accomplished by either their head or any of one of the senior staff member. Owing to this, you might notice that the employees in such companies face delays in receiving their salaries.

To tackle this rising concern and effectuate the salary disbursement process, many Payroll Processing Companies in Pune have started marking their presence. Since there are heaps of such companies flourishing in the market, it becomes your responsibility to hire a perfect one.

Here are some of the essential traits you need to observe while you set out to hire such a payroll processing entity in Pune.

Accurate numeracy: Though, the payroll processing companies operate via payroll processing software, human intelligence is the one to dominate its artificial counterpart. The executives of the payroll processing companies you are about to hire should be well-versed with the numbers. This accuracy with numbers is essential as the significant responsibility of the payroll processing company hovers around salary calculations.

Compliance to the business ethics: Any Payroll Processing Company in Pune is claiming themselves as the best in the market, needs to be thorough with their compliance status. It becomes essential on business front’s which allows them to curb penalties, and avoid hustles. These payroll processing professionals have to be a quick learner of those rules and regulations that affect the entire payroll process.

Timeliness: As on the business front, you need your company to stay ahead in the competition, it becomes crucial on your part to satisfy your employees too. The first and foremost task of any entrepreneur is to take care of his employees. Hence, it becomes crucial for you to hire a perfect payroll processing company which is dedicated to following a strict deadline to accomplish their tasks. Since the entire working staff of your company depends on your payroll services, the payroll officials have to be disciplined in their working ethics.

Confidentiality: It is this department of your enterprise which has access to your data. Hence, it is essential that you proceed ahead in connecting with the payroll processing company which assures you with 100 percent confidentiality about your business data. This compliance becomes crucial when your payroll processing firm is handling business data which is sensitive. It is essential for you to discuss the lines of confidential data confidentiality with your payroll employees.

Software: Having a payroll processing software is one of the most crucial element and hence an undetachable part of the payroll services. HCM Software is one of the most employed software in today’s scenario. However, having robust software is not the ultimate responsibility for your payroll services. It becomes essential for you to check the compatibility of the hired payroll professionals concerning the working mechanism of this software. He or she should be fluent in handling the entire software as and when the need arises.

For Smart Business Solutions Best Payroll Software can be of Immense Help

best payroll software

To cope up with the burden of administration of paying the employees, more and more companies are taking help of outsourcing payroll service. It is not just providing relief to them but is also turning out to be a smart business technique. It saves money, especially for small businesses having less than twenty employees. It also increases the productivity of your business as the manpower saved can focus on higher issues.All the legal compliances, IRS rules and regulations are maintained and thus it gives your business more accountability, better, accurate and faster service.

Way to Choose

You must be certain that you choose the best payroll software for your business. You can do it by following certain rules. When you purchase payroll software, get one with a dedicated professional. This will help you in proper training, regular updates and fulfillment of your business needs. The software must be of high quality with the use of the latest technology, to give you the maximum benefit and error free operation. It must also be able to consider all the necessary factors for calculating a salary with proper software linking. It must also be customizable, easy to use and fast in functioning.

Manage Your Capital

Human capital is probably the most important capital in a business. Proper recruiting, formation and management of it are very essential. You can use HCM Software to get the best result. The primary function of this software is to hone the employees to build an optimum work force. It helps in maximizing the human capital and its development. It also helps in management of talent.Cost errors in payroll can also be minimized with it by proper and efficient tracking of time as well as attendance which prevents over payments. Tax payments, compliance violations as well as labor disputes can also be minimized with an efficient such human management software.

Choose the Right Software

When you choose remember to choose a single vendor for all your solutions like tax management, providing pay roll, HR administration, applicant tracking, onboarding, manager and employee portals, training, analytics and much more. Good software must also have the same platform to sign on for effective functioning along with provision for dash board views to all managers enabling them to see where their projects stand. It will also be very effective if it can show a brief history of employees over time, view benefits and request time off easily. It must be a one stop shop for all documents and automated notices can be streamlined to the new hires. Make sure your software allows enrollment in benefits by employees via intuitive engine which will eliminate paper work and double entries.

Benefits of It

HR and administration has reached a new level with the advent of such software. Companies can now keep up with the pace of advancement with dynamism and provide round the clock information.  With proliferating employment, perfect wage models and much more, this software provides an integrated human resource service experience. From organizational management to personal administration, time and attendance to payroll calculation, talent management and recruiting, you can have all your problems solved through such software.