Is your
Enterprise Reaping the Benefits of an HR and Payroll Management Software?
If you own or manage a small to medium sized business, you
may have dismissed the idea of using an HR software to help run your business as too costly and
unnecessary. However, HR software can be of enormous benefit to smaller firms
if it is chosen carefully and meets the unique requirements of the business.
As organizations grapple with the challenge of balancing
costs and performance, the need to focus on core business functions gets the
highest priority. Such a scenario calls for maximizing process efficiency. This
could be a starting step for replacing manual, tedious payroll tasks with SalesFundaa
HR and Payroll Management Software tailored
to specific needs. (today, everyone calls it customised automation!)
SalesFundaa
HR and Payroll Management Software is devised to automate all payroll tasks involved in calculating the
salary of the employee, calculating the statutory deductions, arriving at
the amount of payout to be done and ensuring that the calculated amounts are
paid out to employees on time.
Traditionally HR and payroll is a tedious process repeated
every month. Now, thru SalesFundaa HR and Payroll Management Software with a single click ti is possible to
calculate the gross salary, deductions, statutory compliance and net salary for
each employee and processes it instantly.
Even
for complex process where apart from calculating and disbursing salaries, payroll
processing also involves calculation of all statutory dues (employee and
employer contributions), generating reports in the format mandated by law and
filing (submitting) these reports along with the amounts to the relevant government departments
SalesFundaa HR and Payroll Management Software has come in handy.
Additionally, employees need to be informed about the salaries
paid to them, tax deducted, reimbursements, etc. This is done via payslips.
Salesfundaa
HR and Payroll Management Software can be relied on to
do all of these activities at a fraction of cost and time required to
perform these tasks manually. The payroll software also ensures accuracy of
data.
What are the advantages of using an HR and payroll Management Software?
Here are the most evident
seven benefits you could get when you to switch to SalesFundaa HR and Payroll Management Software for your small business:
1. Less cost
With the advent of SaaS, everyone wants to pay only for what
they use. Even if it is a core function, organizations want it to be managed
using software that can scale up accordingly. Nobody wants to invest big right
at the start. Cloud-based SalesFundaa HR and Payroll Management Software is the most cost-efficient
choice.
2. Ease of use
SalesFundaa HR and Payroll Management Software can be easily configured
with multiple features, options, business rules and policies based on your
organization’s requirements. All necessary inputs to payroll such as attendance
data, loss of pay information, salary structure, etc., is automatically
pre-populated as other modules of the software are seamlessly integrated with
it. With just a click of a button, payroll for all employees can be processed.
Payslips instantly published and bank transfer statement ready for upload to
disburse salaries. All this can be achieved due to self-explanatory user
interface (UI) and well designed payroll process.
3. Relief from regulatory aspects
Monthly tax calculations, deductions and filing statutory
remittances (PF, ESI, PT, etc.) are frustrating and time-consuming tasks. These
are tasks, which can cause hidden losses to the organization. Also, incorrect
filing may attract fines and penalties to the organization. SalesFundaa HR and Payroll Management Software provides you relief from keeping yourself
updated about the latest laws, amendments, changes and tax slabs as we will auto-update it without any downtime!
4. Easy and fast payroll
reconciliation
SalesFundaa HR and Payroll Management Software enables you to verify accuracy in each payroll by using a
variety of payroll reconciliation tools at your disposal. You can compare current
and previous month’s payroll and also, customize salary register and payroll
statements as per your needs. This
feature allows you to breathe easy and have complete peace of mind as payroll
reconciliation option makes sure that there are no errors in the payroll!
5. Generating Accounts
Salesfundaa supports Tally intergration this ensures a smooth link between your finance and payroll
teams. It allows you to generate Accounts easily due to
unique features like tally integration and import and export facilities from
excel.
6. Multiple reports generation
It also facilitates
providing you with multiple reports, such as:
·
Reconciliation reports
·
PT reports
·
MIS reports
·
Customizable payroll
statement/ salary register/ wage register
7. Inbuilt leave and attendance data as automated inputs
Disparate systems for data such as leave, attendance and
employee information management make it tedious to constantly switch between
systems for processing payroll and calculating taxes. SalesFundaa HR and Payroll Management Software acts as the single source of truth for all
dimensions of an employee, which is supported by a strong integration
framework. All necessary inputs for payroll will be auto updated from leave,
attendance and employee database as and when needed. This saves you a lot of
data entry and verification time.