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.