What is Payroll Management System?

Payroll management system is a collective process consisting of several other modules of HRMS and can be used by organizations of all sizes to manage payroll processing. A software which manages salaries, TDS, PF, EMIs, bonuses, etc. as a cohesive mix is payroll management system, and automation enables a clear-cut and seamless functioning. A modern payroll management system entails of the following components to ease the HR team functioning:

Payroll Compliance in association with ESI, PF, professional taxes, labour welfare fund, loans, EMIs, etc.

Automated Payslips

Slab allocation as per the CTC

Preview payroll before final run

Paperless and hassle-free functioning

Seamless integration with other HRMS modules like attendance and leaves, etc.

Fully automated HRMS solution with availability on-cloud.

Organizational size adjustable

Zero ambiguity

Dedicated managed services