Payroll Software - Know significance for the Business - PowerPoint PPT Presentation

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Payroll Software - Know significance for the Business

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Know what benefits in your organization using payroll software. Many companies still do it manually which makes it all the more time consuming and prone to errors. Payroll Software is the solution of the manual HR activity It will manage automated and integrated attendance management, leave management, one-click payroll processing, and expense management software. – PowerPoint PPT presentation

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Title: Payroll Software - Know significance for the Business


1
Payroll Software Know its significance for the
business?
2
  • Do you have Payroll software for your company?
  • One problem that any size of company faces is its
    payroll. This is because all the tasks are done
    either manually or in spreadsheets. Payroll is
    also an essential function in any business, which
    is why it critical that it gets executed with the
    least amount of error.
  • Many companies still do it manually which makes
    it all the more time consuming and prone to
    errors. Payroll Software can be a solution to
    manual HR activities for all size of companies.
    But as there are many Payroll software available
    in the market, choosing the right one can be
    critical.

3
  • Know the features
  • The first and foremost thing is to have the
    knowledge of how Payroll software will benefit
    your business. The response timing of the
    software should be quicker. Payroll software
    provides automated and integrated attendance
    management, leave management, one-click payroll
    processing and expense management software.
  • User-Friendly
  • User Experience is one of the most critical
    elements to consider when purchasing any
    software. The payroll software should be
    user-friendly as it makes it easy for employees,
    HR and team leaders to use. A simple, but yet
    smooth flow that contributes to a positive user
    experience is what needs to be aimed at.

4
  • Legal compliances
  • It is of prime importance that you do not
    hesitate on any of the legal and tax laws as you
    might have to end up paying a huge penalty for
    the same. You have to take care of minimum wages,
    TDS and PF deduction, gratuity etc. In order to
    address such complex issues of tax filing, a tax
    module in Payroll Software is recommended. You
    are saved from accumulating documents from each
    employee and filing them. However, this task is
    not as easy it seems.

5
  • Cloud-based
  • The desktop-based software has limitations within
    themselves and they can never compete with the
    advantages that a cloud-based software can
    provide. A cloud-based Payroll Software comes
    with advantages such as anytime anywhere access,
    ease of use, higher efficiency and employee
    collaboration. The software that you choose
    should let your employees view, operate and
    function through any device and at their own
    convenience.

6
  • Integrated with other systems
  • Choose a payroll software that integrates with
    your time and attendance management data,
    performance management, travel expense management
    automatically so that payroll disbursement
    becomes an automated and quick process. Piles of
    documents comprising of manual recording of
    employees are inefficient and frustrating to keep
    track of.
  • The Takeaway
  • Hiring the best payroll system is an important
    task as other business processes. Keeping the
    above tips in mind would ease your process of
    choosing the best payroll software. factoHR is
    one such Payroll software that helps in providing
    the above-mentioned tips.

7
Contacts Us
  • 19, Balaji Towers, Sector 30A, Vashi,
  • Near Sanpada Railway Station
  • Navi Mumbai 400705
  • Maharashtra, INDIA
  • Phone 91 782 000 3100 91-281-6190000
  • Website https//factohr.com/

8
  • Thanks
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