Payroll Management System (RS – PAYSYS)
Salary structure and payout calculation for employees at different levels of hierarchy differ, making the manual process tedious, complex and prone to discrepancies. Add to this the statutory compliances required for employee compensation, like tax calculation and deductions, provident fund, ESI, bonus, ex gratia reimbursements, loans, advances etc. Further, if you have multiple branches spread across different states then you have to comply with state-specific laws too.
The complete ‘RS – Human Resource Information System’ (RS-HRIS) automates the attendance and the payroll processing making it fast, accurate and flawless. RS-PAYSYS, which is one of the modules, allows you to configure the customized payroll policy salary structure for your organization based on statutory compliances. Salaries are calculated and processed automatically, facilitating ‘One-Click’ fund transfers to Employee Bank Account.
Our Payroll Processing System not only makes the salary payment hassle-free but also generates several statutory documentations and customized reports related to employee compensation process, such as e-TDS Returns, Salary Slips, Digitally Signed Form 16, Reconciliation Reports, Employee Cost to the Company reports. You can choose from several insight based pre-defined report structures or generate a customized report by selecting the parameters as per your requirement.
RS – PAYSYS is an invaluable asset, which makes the complex task of payroll processing automatic and free from human errors, not only saving time but also increasing employee satisfaction and motivation levels. Its seamless integration with Centralized Attendance System (RS-CATS) gives your organization a winning edge by eliminating manual processing and costly errors in managing two of the vital Human Resource Management Processes, i.e. attendance and payroll.
RS – PAYSYS Features
With ease get the LIVE attendance from all branches and see how paydays re auto-calculated. So the complete cycle of PUNCH to SALARY is automated – giving you quick results.