Payroll Software

In this world of mergers & acquisitions and increased employee mobility, the payroll system is becoming complex and tedious to administrate. But technology has considerably eased this as it is now possible to run payroll software from a single point for the entire network using no more than a single database.

Such software has many advantages, which help firms deliver accurate, secure and punctual payroll services without the administrative tedium. Some of the advantages are:

• Companies can easily create multi-company payrolls with unlimited number of employees.

• Calculate tax, gratuity and medical credits calculation

• The software is fully compliant with statutory and legal requirements.

• Considerably reduces the workload on HR and Accounts staff, facilitating privacy, error-free information and speed in accessing payroll details.

• Define formulas with Formula Builder for custom calculations, specifying special conditions

• Reports – Bank transfer reports are prepared bank wise, currency wise

• Apart from HRMS security, User Level Pay Group security (access) is available in payroll. This facilitates the user to view only the pay groups to which they have given rights.