Payroll Processing System

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Payroll Processing System

Payroll management can be a tricky affair if done manually and keeping a track of all that can cause discrepancies. Incorporating Paysys software can help you in managing payroll in an efficient and effective manner as it is built for companies of all sizes. Making this software as a part of your company from its initial stages will help you to seamlessly merge the new employee’s payroll details as well.

A manager can configure the pay head or the salary formulae through this and keep a track of his team’s earnings. Our Payroll Manager Software can manage, lock, unlock, hold and release the salary of any employee based on certain criteria or unforeseen situation. The HR team can stop worrying about any payment errors as everything is automated and updated. You need not check twice if the salary hike has been processed or not. Payroll policy can be customized according to your own company requirement.

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Features of PAYSYS

Automatic Salary Processing

Payroll management can be a tricky affair if done manually and keeping a track of all that can cause discrepancies. Incorporating Paysys software can help you in managing payroll in an efficient and effective manner as it is built for companies of all sizes.

Making this software as a part of your company from its initial stages will help you to seamlessly merge the new employee’s payroll details as well.

Taxation

Our software have a dynamic tax slab where employees can declare their investments. Deduction of taxes based on CTC will be done automatically. You can also migrate the existing tax data easily. You can also generate form 16 for taxpayer employees.

Reimbursement Calculation

Automatic processing of reimbursement of employee expenses on behalf of company or any company related work such as travel, medical benefits, and annual leave claims etc. Employees will fill the reimbursement form and apply for the approval. Once approval is done by the authorized person then the processing will be done automatically.

If employees have to give a proof of the invoice, then they can directly upload their scanned copies on the reimbursement management system.

Loan & Advance management

This is an easy way of managing advance and loans issued to employees. Employee can apply for advance and approval will be done by authorized person. Then that amount will get deducted automatically from next salary of employee.

Similarly when an employee applies for loan form the company then after approval he gets the loan with the pre-defined interest rate and an EMI amount will be fixed for monthly deduction. The agreed EMI amount will be automatically get deducted from employee’s salary every month.

PF / ESI Deduction

Employees PF / ESI can be done easily as it get deducted automatically from employee’s salary every month. You just need to set the parameters for deduction. So it is just set and forget. Software will do everything automatically for you.

Bonus / Ex Gratia

Manage bonus and ex gratia of employees and set the parameters for calculation and it will be done automatically.

Exit Management

Are you running out the last minute and trying to do the employee clearances? Have you ever questioned why Employee Exit processes are always a head ache? RS-HRIS provides a hassle-free solution for Exit Management of employee beginning from the separation requests, to conducting meetings with HR, to retaining/relieving them.

Powerful notification dashboard helps to recognize the reason for employee exits which assists managers to identify and improve their crucial areas.

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