Oct 122012
 

A Window to Online Payroll  Management

Payroll Software as a Service is an Online Solutions that takes care of all your HR Mechanism which covers employee Management, Payroll Processing, Employee Self Service, Online Leave Application, Recruitment, Performance Management etc.  You can have instant access to payroll system 24/7 from anywhere, any time via internet as far as Software as a Service (SaaS) concept is concern. If you are planning to hire payroll functions, but wish to retain control over the payroll in-house, then Payroll Software as a service is the perfect solution to meet your exact requirements.

Online Payroll Software as a Service which reduces overhead and increases efficiency for complete payroll management to individuals, Payroll Consultants & all small, medium and large business enterprises.  Online Payroll Software as a Service is an instrumental catalyst and adds a fuel to the growth of companies for easy administration related to accounting and management of employee’s payroll.

Advantages of Payroll Software as a Services (SaaS):

  1. No Huge upfront cost. Pay on monthly basis.
  2. No software or hardware to purchase, install or maintain.
  3. Free from worries of Data backup, viruses etc.
  4. Available 24 by 7.
  5. Reduces Employees queries & paper works to 90%.
  6. A more convenient and far less time-consuming method for an access to payroll.
  7. Automatically takes care of the updates related to statutory and legal compliance.
  8. It’s safe, secure, and guaranteed to be accurate.
  9. Focuses on core competency & drags your attention on the core business functions of the company giving you 100% peace of mind.

In Online Payroll Software as a Service, HR Professionals can use click-buttons to generate pay-slip, bank statements, statutory reports of PF, ESI and income tax reports.

Oct 052012
 

Buying a Payroll Software: Focus on!!

Employee’s Payroll Management has always been a challenge for both Large & Small companies. Small businesses have problems managing the payroll, as they simply do not have the capacity to do so. They have limited staff with tight schedules. Payroll management is just too time consuming and requires too much effort for the staff of a small company. Large companies encounter problems with Payroll Management because errors often occur in the tracking of data for thousands of employees.

There are several factors you need to consider when selecting a Payroll Management Software. Before you purchase payroll software, you had better take into consideration the user-friendliness of the software which offers the user joy of working and ensure that you are well familiar with the user interface of the software. Obviously, nobody would like to purchase complicated Payroll Management software which would harden payroll management.

A well designed and professional Payroll Management Software can easily take care of the calculation of Salary, PF, ESIC, PT, TDS, while it also ensures that all the things happen timely and the employees get their salary on the pay day. The greatest advantage of software to manage payroll related things is that it saves time and makes payroll less resource intensive. Where you need two to three people dedicatedly for payroll calculation monthly, this single software can manage it in quite less time.

Focus on!!

1. Modules Availability: Check for the Modules incorporated in the software like Employee Management, Salary Processing, Leave & Attendance, Online Leave Applications, Work flows, Online TDS Projections & Declarations, Reimbursements, Supplementary Payments, Publish News / Polls / Surveys / FAQ and analyze result, Employee Self Service Module, Recruitment, Training, Appraisal etc.

2. Payroll Components (Earnings & Deductions) : This feature lays emphasis on payroll’s vital function. Make sure the software has user defined earnings and deduction feature which is most necessary to your company. Look out for the software which is capable for user defined Earning and Deductions. This is simply for the reason that it is likely that there would be changes in your Salary Components / Structure in the near future.

3. Statutory Compliance: One of the biggest concerns of the company is that it has to be in compliance with the government rules and regulations. If you process your employees’ payroll, you had better take care of the payments of statutory head like PF, ESIC, Profession Tax and TDS on time, to avoid being landed yourself into huge Interest / penalty.

4. Integration with Attendance / Biometric Machine: This feature is practically going to save your time due to automated functioning of integration of Biometric / Attendance Machine with the payroll software. This is nothing but a real time integration of your attendance with your payroll system, so that no further need arises to manually punch the attendance data of employees manually in the payroll software. In fact, this will make the process of attendance tracking very easily and efficiently.

5. Integration with Accounting Software: Are you facing a difficulty of doing a data entry for the payroll records twice. If so then go for the software which has an in-built integration of Employees Payroll information with your Accounting software. This will allow you to import the data directly in the Accounting software. This will save time & minimize the data entry mistakes.

6. Simplified System: One of the criteria for buying the payroll software should be to see if it is Easy, User-friendly & flexible enough to handle all your Payroll requirements.

7. Quality Technical Client Support: Look for quality technical customer support when you choose a vendor for payroll software. When an error occurs in the payroll application, the most requisite help is the instant and efficient technical support from vendor who provided you with software. This means no nerve-racking wait on hold to speak with a representative who is hardly well-prepared to tell you everything about the software.

For more information and to take a free demo of EasyPAY – Payroll Management Software
Please visit http://www.sensysindia.com