Payroll Management
Automate salary calculations, deductions, and disbursement, ensuring accurate and timely payroll processing.
Accurate, Timely, and Compliant Payroll Processing, Every Time
Payroll is one of the most critical and sensitive functions in any organization. It needs to be accurate, on time, and compliant with all statutory regulations. The Payroll Management module is a robust solution designed to automate this complex process, saving your HR and finance teams significant time and effort while eliminating the risk of manual errors.
This module integrates seamlessly with our HRMS, using data from the attendance, leave, and employee information modules to process payroll with just a few clicks.
Key Features for Flawless Payroll
- Flexible Salary Structure: Define multiple salary structures with customizable earnings (e.g., Basic, HRA, DA) and deductions (e.g., Provident Fund, ESI, Professional Tax, TDS). Assign different structures to different employee grades or categories.
- Automated Calculations: The system automatically calculates gross salary, statutory deductions, loan installments, and other adjustments based on the inputs for the month.
- Attendance and Leave Integration: Payroll calculations are automatically adjusted based on data from the Attendance Management (for loss of pay) and Leave Management (for paid/unpaid leave) modules, ensuring complete accuracy.
- Statutory Compliance: The module is kept up-to-date with the latest local statutory regulations, including Provident Fund (PF), Employee State Insurance (ESI), Professional Tax (PT), and Income Tax (TDS). It automatically calculates these deductions and helps in generating statutory reports for filing.
- Payslip Generation: Automatically generate detailed, password-protected payslips for all employees. Employees can access their current and past payslips anytime through the Employee Self-Service Portal.
- Bank Statement Generation: Generate bank transfer statements in the required format for your specific bank, making salary disbursement quick and easy.
- Expense and Reimbursement Management: Employees can submit reimbursement claims through the portal, which, once approved, can be processed along with the monthly payroll.
- Comprehensive Reporting: Generate a wide range of payroll reports, including monthly salary sheets, variance reports, and statutory compliance reports, for accounting and auditing purposes.
Why Automate Your Payroll?
- Guaranteed Accuracy: Automation eliminates the human errors that are common in complex spreadsheet-based calculations, ensuring employees are paid correctly every time.
- Significant Time Savings: Reduces the payroll processing time from days to just a few hours, freeing up your HR and finance staff for more strategic work.
- Ensured Compliance: The system's adherence to statutory laws minimizes the risk of non-compliance penalties and legal issues.
- Increased Employee Trust: Timely and accurate salary payments with transparent, easily accessible payslips build trust and improve employee morale.
- Confidential and Secure: A secure, role-based system ensures that sensitive payroll data is only accessible to authorized personnel, maintaining confidentiality.
The Payroll Management module provides peace of mind by transforming a high-stakes, time-consuming task into a streamlined, accurate, and compliant process.