The Need of Global Payroll Software System

The modern businesses need highly developed and integrated HR and Payroll software systems as they tend to hire employees from different jurisdictions. Nowadays, hiring employees from the global talent pool and letting them work-from-home or from the remote locations is a cost-effective practice for the businesses. However, it adds to the complexity of their payroll processing. It demands a clear-cut understanding of the task from its HR and Finance staff.

Integrated Payroll System:

Implementing a global payroll software, like Payroll System by SBS Consulting, is a great challenge for the companies, whether they are trying to add more teeth to its existing payroll software or building a new payroll management system from the scratch. There are too many variables to accommodate like pay type, pay cycle, pay frequency, type of employees, payroll policies, compensation type, etc., to consider and care for.

It is important to take a review of the existing payroll software and processing steps involved to assess the improvements needed to attain the future payroll goals of the business. It assists the businesses in minimizing the statutory compliance related risks.

Tax Compliance Through Payroll Software:

Different countries have different rules and regulations regarding tax policies which creates difficulties while calculating the remuneration of the remotely located employees of the company. Using a payroll software that do not have the required functionality can lead to an unintentional breach of the law. It can attract penalties and fines and affect the market image and the brand name of the business.

Ensuring Quality of Employee Demographic and Payroll Data:

The new HR and Payroll management system to be developed or installed must be able to handle the employee details like, employee name, address, job details, bank accounts, etc. It must also be able to handle the employee grades, allowances, benefits, incentive, bonuses, deductions of statutory contributions, leave, local tax filing, etc., in order to ensure satisfactory compliance over all the necessary jurisdictions.

The businesses on their part must also ensure the quality and the depth of the employee demographic data to suit the rules and the legislation of the different countries. The clearly defined, accurate and readily accessible data is a must for the speedy progress of the project. It will lend for the smooth transition from the existing system to the new management system. It will also reduce the risks of errors in the businesses processing.

It is also important to assess the potency of the existing policies, consistencies, inconsistencies, and the volume of the business’ payroll requirements. The task is difficult and complex and the businesses need to dedicate a team of qualified and experienced professionals to it.

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Effective Payroll Systems from a Payroll Software Company in Ahmedabad

Payroll systems have been designed to serve small as well as big companies for attendance management. These systems provide complete integration with various attendance systems that are used by the companies for attendance reports. The reports are used for calculating payroll and also to generate e-returns.

HRMangtaa Payroll software company in Ahmedabad offers these payroll systems that are known for their exceptional performance and report generation. There are several benefits of the payroll systems that it offers:

It provides improved administration

It offers companies with complete compliance

It is excellent in terms of maintaining controlled absenteeism

It results in increased productivity

High-end time keeping system

HRMangtaa Payroll software company in Ahmedabad designs these systems that are accurate in timekeeping and tracks individual employee and hours worked. It is important to keep track of the hours to ensure proper calculation. Moreover, it has been found that calculating time manually often ends up in errors. This automated system allows companies to keep a track of hours worked through the payroll software system. Every time an employee swipes a badge or card or even hand print at the time of entry and exit, the system automatically logs in the hours worked by the employee and transfers into the payroll system.

Accurate and efficient payment calculation

These software companies in Ahmedabad make sure that the systems work perfectly fine in calculating wages or salaries of employees. However, the calculation of the system depends on the inputs provided by the representatives and that is why the input directly depends on its accuracy. The system is extremely efficient and it is capable of calculating payments on an hourly basis, salaries, double-time, commissions, pay rises, bonuses, wage deductions, retroactive pay and other payments.

Effective record-keeping

Software companies in Ahmedabad specialize in payroll systems and that is why companies prefer hiring their payroll systems for greater efficiency. These payroll systems effectively keep a record of the tax payments for years and at any point of time, companies can get the details of such reports to make sure that things are in order and timely payment of taxes have taken place. The companies make sure that everything has been covered when preparing these payroll systems.

HRMangtaa Payroll software company in Ahmedabad ensures that companies that hire these systems are completely satisfied with the kind of features that these systems possess. The companies offer these systems at affordable rates and these have simple user interface so that people can easily work on these. Moreover, these systems are installed by the professionals from these companies to make sure the systems are completely integrated. Moreover, these companies also provide complete support post installation to ensure that the system is fully up & ready and works completely fine.

Payroll systems offered by the software companies in Ahmedabad are some of the best in the business. These are affordable and easy to operate. These companies have professionals who are specialized in designing these systems to ensure proper functioning of any company.

Payroll Management – HR Mangtaa

HR Mangtaa Payroll Module is flexibly designed to handle varied types of payrolls and business specific rules. Fully integrated with modules like leave, time, office, claims, reimbursements, bonus etc. One of the best and comprehensive Payroll system with Pay slip generation option.
Define any kind of loans or salary advances and calculate on flat, reducing, PMT and average value method
  • HR Mangtaa Software automatically calculates loan EMI once the loan is granted.
  • The personal or housing loan comes as a deduction in the pay slip. Can generate reports for the same and track how many employees have taken the loan and how much of the loan money is outstanding.
  • Perks earning can be defined in the System along with the number of pay earning, perk recovery and deductions.
  • As per the requirements, Pay heads can be included in full or final settlement or a flexible benefits plan or in group insurance.
  • Adjustments can be based on full or negative or partial amount for any deductions like PF.
  • Most complex pay can be calculated with the help of HR Mangtaa. HR Mangtaa is customized 100%.
  • Easily configure the pay heads including flexible benefits based on a formula or a maximum limit.
  • The module has Profession Tax table.
  • Powerful income tax formula builder.
  • Salary can be processed in few easy steps.
  • Employees can view their salary, loan and income tax slips online in a few clicks.
  • Standard reports like company wise, department wise, designation wise, salary statements, Form 16, PF, ESIC statements, loan transaction, arrears exemptions, TDS reports, salary reconciliation, e-form 24 Q, PF and ESIC reports and challans can be generated.