Uploaded on May 21, 2020
Payroll software relates to automating payroll tasks involved in calculating the salary of employees, calculating the statutory deductions, ensuring the calculated amounts are paid to the employees on time, and much more. Timelabs payroll solution offers all features required to fulfill the core payroll requirements of all types of organizations. Call us @ +91-9811181044. For more detail visit @ https://www.timelabs.in/Payroll-Software.
Assessing Payroll Software For Business
Payroll software relates to automating the whole gamut of payroll tasks involved in
calculating the salary of employees, calculating the statutory deductions, arriving at the
amount of payout to be done and ensuring that the calculated amounts are paid to the
employees on time.
Apart from calculating and disbursing salaries, payroll processing consists of calculations
statutory dues, generating reports as per the format mandated by law and filing these
reports alongside the amounts to the relevant government departments. A
payroll software does all of the activities. So it is very important to own the right
software. Following are the points and questions to evaluate before choosing the right
payroll software for your business.
1. Domain expertise:
Payroll is perhaps your company’s largest expense. And it's certainly the foremost visible
business process for your employees. There's no room for error when it involves providing
employees with their payslips. When choosing the simplest payroll software, it’s important to
pick a payroll solutions provider that has a proven track record in offering the best product and
responsive support.
2. Payroll automation with Employee Self Service:
Automating payroll processes with its outputs like payslips and tax calculations published on
ESS distributes daily activities towards the employees. With ESS, they can:
●View and download their payslips
●Create, edit and submit their tax plans
●Apply for leaves and attendance regularizations
●Raise trouble tickets for any department via the assistance Desk
3. Integrated HR and payroll information and capabilities:
HR (on-boarding through exit), payroll and reimbursements function have tremendous
overlap, and sharing the info ensures that each one module of payroll software are in
sync and uses the foremost current and accurate data.
There are many benefits to having integrated HR capabilities together with your payroll
software, including:
●No duplicate data entry
●Less paperwork
●Integrated reporting
4. Is the payroll software cloud-based?
As a part of your evaluation, you want to settle on between on-premise software and cloud-
based software. With Web-based HR & payroll software, you can buy an appropriate plan that
supports the business requirements to implement, maintain and support the software by
investment in cloud servers, networks and IT professional. You get a predictable monthly outlay
for your payroll system at a lower cost than that of a payroll service provider and gain control
over payroll-related data. The risk factor involving downtime is dramatically slashed with hosted
providers penalized for non-compliance with their Service Level Agreement (SLA).
Implementation and rollout are quicker, as you don’t need to spend on your IT infrastructure.
Also, employees can access payroll software remotely. From anywhere, anytime. You don’t need
to worry about accessing the payroll software only from your office desk! Your IT department
doesn’t need to add any resources to take care or upgrade the payroll software.
5. The Support team:
The foremost important question is accessibility of technical support. Check the hours of
operation for technical support and therefore the method the payroll software company
uses for handling support calls.
Will you speak to a support technician? Does one need to use a menu system? What's the
estimated response time for support? Are you able to email them your queries? Are videos
available? Is live chat present?
6. Implementation Procedure:
In many cases, payroll software companies in India will gather your requirements, vanish for
a couple of weeks and are available back with a couple of days or weeks remaining for
testing and final configuration. But, the most effective payroll software companies should be
ready to get an environment ready for implementation and testing much sooner, which
provides you ample time to check and configure.
Timelabs provide the best Indian Payroll software module aimed to process and streamline
the process of paying your employees.
Office Address : 69/9, First Floor, MLA Towers, Near Dhanwantri Hospital,
Near Sanganer Road, Mansarovar, Jaipur – 302020, Rajasthan, India
Contact No. : +91 - 9811181044
Email : [email protected]
Website : https://www.timelabs.in/Payroll-Software
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