Payroll

Salary Structure

Salary is one of the core aspects in employee management. Structuring of the payroll for different employees who have different pay-scales and its regular updation is a repetitive and intensive task.

With the payroll module, segregation of employees into predefined pay-scales, promotion, demotion, bonuses etc and then retrieving them from a single repository gives a holistic picture about the organizations payroll expenses. Also queries like total salary for a department, salaries by position and section can be answered easily.

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Batch based payroll calculation & generation

Payslips for multiple batches, sections & departments can be created instantaneously removing the need for preparing payslips individually.

Supplementary tasks like calculation of basic salary, allowances, vouchers, loans, incentives and tax will be automatically computed by the system. Lot of time and resource can be saved while maintaining accuracy.

Loan Management

To build long lasting relationships, organizations have started offering a credit line to employees. Also banks are now encouraging tie-up's with organizations to offer better credit rating to their employees.

To perform this task easily, a single portal can be deployed for employees to request for loans from the organizations or to the banks which have a tie-up. This reiterates a long term relationship commitment between the employer and the employee.

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Expense Management

For a business to work efficiently, some cash-transactions have to be done to facilitate some tasks which without which work is interrupted. Also sometimes employees might need cash urgently for a business trip.

Management of financial resources in cash is extremely important and prudent for an organization. Requests and approvals for such resources by Accounts or H.R can be facilitated in real time.

Contract Amendment

Salary is one of the core aspects in employee management. Structuring of the payroll for different employees who have different pay-scales and its regular updation is a repetitive and intensive task.

With the payroll module, segregation of employees into predefined pay-scales, promotion, demotion, bonuses etc and then retrieving them from a single repository gives a holistic picture about the organizations payroll expenses. Also queries like total salary for a department, salaries by position and section can be answered easily.

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