Maintain Compliances and Payroll Activities with HRMS Software.docx

1. Maintain Compliances and Payroll Activities with HRMS Software New age one-click HR and Payroll Software solutions have eased the way for HR departments in business organizations. It allows you to manage payroll accurately, precisely, and in the most timely manner. Complete Payroll Processing with HRMS Software Payroll software provides you with a feature of configurable complex salary structures along with meeting all compliances set by the local government. Some of the salient features of deploying this system can be explained as under: ● Faster Processing: With HR software you can prepare your salary chart in just one click. Forget about cumbersome Excel sheets, and boring manual calculations. The software will perform all exercises for your company in minutes ensuring on-time disbursements. Accurate Payouts: Payroll software ensures that there are no computation errors while processing salaries. Automatic calculations eradicate any human intervention ensuring accurate payouts. Automatic Processing: Complete payroll processing is another important feature of this software. You can process payroll with a checklist and can compute salaries automatically using extensive reconciliation tools. ● ●

2. ● Configure Different Salary Structures: You can also configure various and complex salary structures with HRMS software. It allows you to add unlimited salary components, as per your unique requirements. Automated Payslips: This software enables you to automatic reimbursements, loans, and advances for your employees. It can process payroll with automated payroll inputs and can generate customized payslips. Comprehensive Process: The businesses can generate statutory reports with a comprehensive post-payroll process with the help of this software. Maintains Statutory Compliances: No need of setting reminders for maintaining statutory compliances, as the software automatically maintains all compliances required as per the laws. ● ● ● Integrated HR and Payroll Software Along with an efficient and self-sustaining system, HRMS software provides you with transparent and accurate salary calculations. It is designed to perform bulk validation for faster payroll calculations and can transfer accurate data. Effortless cross-functional reports and analyses make it efficient for businesses of any size. Some of the other benefits of HR and Payroll software from Opportune HR are: ● Automatic Synchronization: Your HR has not to perform repetitive employee profile synchronization as the software does it automatically. All records of the employees reflect automatically in the payroll with the help of this software. Contextual Updates: HRMS software can be tuned for updating contextual employee directory updates. For example, department transfers, work location changes, designation upgrades, etc. can be updated automatically and without any human involvement. Accurate Attendance: You can calculate up-to-the-minute employee attendance and can also integrate the software with biometric devices to capture real-time data. You can maintain time-in and time-out, leaves, coffee/lunch breaks, and other short leaves. Integrated Leave Management System: The software helps you factor in your employees’ leave data, based on the monthly cut-off dates. Thus it can calculate employees’ pay-outs most accurately. Automatic Salary Transfers: With the help of auto-pilot mode, you can allow the software to send salary directly to the employee’s account as required. Manages Workforce: You can also manage the entire employee lifecycle with this software. Starting from onboard to exit, you can generate reports in a single click. Calculate Performance: The software allows you to check an employee’s performance level and can receive continuous feedback for a particular employee. It helps you meet organizational goals and improve employees’ performances and better engagement with their organizations. Maintains Expenses: You can easily manage employee claims and reimbursement and can also synchronize them to process your payroll. ● ● ● ● ● ● ● Conclusion

3. HRMS software is a good solution for any business irrespective of its size. They can easily be integrated with the existing system of a company, and are easy to handle. Calculate payroll and disburse salaries in minutes with HR and Payroll software from Opportune HR.