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 your workforce hassle-free with Employee management software from Eilisys

Managing a company’s workforce is no small feat. No wonder it leaves most HR departments clutching at the reins. The bigger the business and the larger the organization size, the more daunting it becomes to manage all records effectively.

After all, it’s not just the external results pertaining to sales and profit growth that runs a business. At the heart of it are the employees. If they are vigilant and productive enough, all efforts are wasted. Measuring employee performance is, therefore, a key aspect of any company’s HR department. Separating the bad apples from the good ones, if one has to look at it metaphorically. Depending on whom the high and low performers are, management heads take decisions regarding salary and pay-scale, bonuses and benefits, etc. And one of the primary duties to accomplish as a part of this is keeping track of attendance and leaves.

Payroll calculation is heavily dependent on a lot of attendance related factors. Overtimes, duty hour commitment, paid and casual leaves, medical leaves, unpaid leave…the list of aspects to track is never-ending. Gone are the days when HR employees updated the database manually on Excel sheets. The world is progressing, so is technology!

Enter Ascent, the brainchild of Eilisys. This attendance management software can end your woes related to personnel management. Ascent product suite comes armed with a bunch of useful apps. Managing employee hours has never been easier! With a robust employee attendance management system in place, Ascent can determine the effective output of each employee on the payroll, based on various parameters. It takes into account numerous considerations, like overtime, shifts, and their changes, flexible-timings, any grace periods extended to the employee and on-duty approvals for leaves.

No matter how advanced the attendance device you have in place, Ascent can be integrated with any and every system. Do you have a fingerprint biometric device? Or maybe face recognition based system? Even if it’s as simple as swipe cards, or complicated like RFID card reading or web punches, Ascent can extract information and work as an effective employee time tracking software. The transparency is elevated to new levels with technology-assisted clocking-in and –out services. For additional convenience, it is equipped with features like compliance management, tracking absenteeism, missed punches, late entry or exit, unscheduled shift variations, and extra shifts, etc.

Ascent is a one-stop shop when it comes to Human Capital Management solutions. Besides leaves and attendance, it also serves as excellent payroll processing software. No need to find payroll software like Paychex, Ascent itself has applications to calculate payroll of every employee. It is reliant and accurate as it bases its calculations on a number of factors, like income tax, flexi reimbursements and Expat gross tax. With no chance of frauds and time manipulation with the presence of technology-based attendance calculation, payroll determination becomes faster and hassle-free.

Ascent has been unanimously the trusted choice of many big-name companies as one of the best payroll management software in India. Ensure guaranteed growth and contented HR and finances department with complete HCM solutions software from Eilisys.

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.

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.

Manage Employee Payroll Efficiently with Payroll Management Software

Storing the details in application

The employer requires keying in only a little bit of information.  When the manager keys in information about the wages and number of hours worked then the program does all the calculation. Whenever there is a change in tax law, the software is updated automatically. This system helps in organizing all the work of working staff. It also helps in reminding employers regarding the filing of different kind of taxes. The payroll program has many benefits. Both the managers and staff are supported by this program.

Advantages offered

  • This program includes an audit trail component. They are helpful for maintenance of security and recovery of any lost data relating to transactions. The entire activity of a customer is recorded by audit trails.
  • This program helps in the integration with other financial and accounting processes efficiently. This leads to simplification of processes and reduction of costs. The process of tracking down of loans and advances is possible.
  • Any cash advances to members are recorded by debiting to the advance to employees account. Any such advances when repaid are reflected by crediting the advance to employees account.
  • It is a general practice for the companies to give loans at concessional rates to the employees. The value of such perquisite which arises from any such loans is calculated easily with this application.
  • It helps in the computation of principal amount and the interest component of an equated monthly instalment or EMI for a specific month.
  • You do not have to worry about the tax returns of the staff. This task is done by the payroll management software.
  • It becomes very easy to do all the salary calculations. You do not have to spend many days worrying about the computation of salary of members. Since all the salary specifics and the details of attendance of workers are already stored in the application, it leads to saving of time.
  • Salary reports and attendance can be generated monthly, quarterly or annually with this tool. Gathering and searching for information is easy as everything in details is recorded in the hr management software.

Suitable for any organization

This software is appropriate for any organisation, be it big or small. In small concerns, usually, one person had to undertake the task of calculation of salaries. Now with the availability of this hr management software, they can focus on their work. They are relieved of the mundane work of having to perform tedious calculations which are now taken over by this software. People belonging to any profession such as architects, accountants, engineers can use this software.

Install today and get immediate relief

This is a great tool for the smooth running of your company. You can bring a smile to your employees face with accurate payslips. You can go ahead with the installation today and start reaping the benefits immediately. You can be relieved of that stress of having to deal with the work of payroll processing.