Payroll & Attendance Solution for Offices & Factories is a technology-driven solution that simplifies and automates the payroll and attendance management processes for organizations with diverse work environments. It focuses on accuracy, security, and seamless collaboration among employees, HR, and finance departments to ensure efficient and error-free payroll processing.
Here's a breakdown of its key features and functionalities:
This solution automates the entire payroll calculation and distribution process, ensuring that employees are paid accurately and on time. It takes into account various factors such as working hours, overtime, leaves, and tax deductions.
The system includes tools to record and monitor employee attendance, whether through biometric systems, card readers, or digital check-ins. This data is crucial for accurate payroll calculations and for tracking employee punctuality.
It enables the smooth flow of data between three essential stakeholders - Employees, HR (Human Resources), and Finance departments. This integration reduces errors and ensures that the data is consistent and up to date.
The solution provides real-time data synchronization, meaning that any updates or changes made by any of the stakeholders are immediately reflected in the system. This ensures that everyone is working with the most current information.
Through automated inputs and robust system validations, the solution aims for a high degree of accuracy in payroll processing. This reduces the chances of errors, which can lead to employee dissatisfaction and legal issues.
Security is paramount when handling sensitive payroll data. The system typically offers features such as clear audit trails, granular permissions, and a central locking system to protect payroll information from unauthorized access and tampering.
Organizations can choose from different versions of the solution to best suit their needs. These options may include Payroll Lite for basic payroll processing, a DIY (Do It Yourself) Payroll for more control, or Managed Services for comprehensive payroll management.
Streamline your payroll processing, reduce errors, and enhance efficiency with a seamless collaboration among three key stakeholders: Employees, HR, and Finance.
Say goodbye to pay recoveries with a unified payroll dashboard and real-time data synchronization.
Benefit from automated data inputs and thorough system validations, leaving no room for mistakes.
Ensure transparency with comprehensive audit trails, precise permission settings, and a centralized locking system for a watertight payroll process.
Choose the ideal fit for your requirements from options like Payroll Lite, DIY Payroll, or Managed Services.
Manage your entire employee lifecycle on one unified platform
Tailored Pay Scale Groups: Configure pay scale groups to match your organization's unique needs. Pre-defined Flexi Benefits and Perquisites: Simplify employee benefits management with predefined options. Configurable Salary Structures: Create flexible salary structures effortlessly using our formula builder. Maker-Checker Principle: Ensure accuracy and compliance with a built-in approval process. Customizable Payslip Design: Personalize employee payslips to reflect your brand identity
Real-time Error Validation: Detect and rectify errors as they occur with continuous validation. Seamless Payout Processing: Handle both regular and off-cycle payouts effortlessly. Full and Final Settlement Automation: Automate the often complex process of full and final settlements. Gig Workforce Management: Easily manage and account for gig workers within your organization. 100% Statutory Compliance: Rest assured that your payroll system is fully compliant with statutory regulations.
Statutory Reporting: Generate statutory reports such as TDS, ECIS, PF ECR arrears, and more. Timely Returns Filing: File monthly, quarterly, half-yearly, and annual returns promptly. Industry-Specific Compliance: Stay compliant with industry-specific return filings as required.
Over 50 Built-in Reports: Access a wide range of predefined reports. Custom Report Builder: Create customized reports to suit your specific needs. Payout and CTC Trend Analytics: Gain valuable insights into payout and compensation trends.
Total Compensation Proration: Calculate total compensation with ease. Flexi Basket Declaration: Simplify the declaration of flexible benefit options. Income Tax Management: Declare, view, and download income tax sheets effortlessly. Loan Advances and Benefit Claims: Request and track advances and benefits conveniently. Payslip Access: Enable employees to download their payslips at their convenience. Compensation and Increment History: Keep track of compensation and increment histories seamlessly.