The incorporation of a new product or technology in a company depends on multiple factors. The agenda, motive, requirements, budget among the other factors vary from business to business. As an organization, what do you expect when you invest in a new payroll system? Or, as an employee what are the features that you want in an HR payroll module?
Let’s have a look at some key points of consideration for both the parties while purchasing payroll software:
- Self-dependence and complete control
- Automated up-gradation and compliance
- Non-erroneous calculations
- Quick and direct salary deposit
- Uncomplicated tax filing services
- Compensation administration
Now, if the best outcomes of any software are to be judged, we always take the client’s word for it. The 350+ eminent clients of HROne have a 100% happiness quotient and claim that it’s the best in business! The way it reduces costs due to accurate calculation of paydays, how it complies with the corporate norms to avoid legal complications, the paperless storage and management of data and the mobile app enables actions on-the-go! There are probably 10 other reasons why top companies prefer HROne as their first and best choice when it comes to payroll management.
Continue reading to know the benefits of using HROne – the fastest growing HR software in India.
Salary Structure and Verification
The feature of salary processing in a click is commendable. There are no delays for the new joiners because of the organized structure. The managers don’t need documentation, they just enter the basic pay and HRA, and the rest will be done automatically. You can even configure paygroups and pay components as per your organizational structure. Moreover, you can schedule the payroll based on your financial year and set the recurring payroll for a calendar date. There is a smart algorithm for error detection and verification in the payroll software to process the correct salary every time.
Imagine you don’t have to run back and forth to the manager or the admin officer to clarify the payroll related information. It’s all on the software! There is a 3-D report with a vertical, horizontal and drill-down view that answers all your payroll questions. The vertical view gives information about the complete employee salary and its different components. The horizontal one facilitates a comparative picture of employee salary with the previous months and the drill-down view enables the in-depth calculations.
Tax Formalities and Compliance
With the best HR software in India at your altar, staying compliant is not an issue. The statutory deductions for PF, ESI, IT, LWF, and professional taxes are auto deducted as per the latest laws and amendments. You can generate challans for the respective taxes in the government recommended format and get a ready checklist to ensure no tax-related concerns.
HROne payroll module gives an elaborate insight into the payout information. You can study the effective costs, variable components, and reimbursements. Also, analysis of the CTC trends becomes easy and quick alignment of the actual liabilities is a plus point. The cherry on the cake is that you can have a full view of the payroll system with 27+ comprehensive tabular reports.
15+ integrations and that too seamless! Sounds huge and impressive, right? The payroll software is capable of integrating with financial platforms like SAP Business One, Microsoft Navision, SAP R3, SAP by Designs, Tally, Custom ERPs, Oracle ERP, and many others. This characteristic leads to ease of operation and high efficiency, leaving you away from the payroll worries. Thus, HROne is all that you need to make the lives of payroll professionals easy.
Above all, the software is highly employee-centric. It makes payday a blissful experience for the workforce and HR admins. Features including simplified loan approvals and EMI, no need for loan import, easy pay reimbursements, auto-approval of proposed investment declarations and easy payslip generation leads to satisfied employees and tension-free HR administrators.