Incredible attributes that make Eilisys’s Payroll Processing Software most preferable for Businesses!

No enterprise today manages its human resource and payroll on paper! That idea sounds passé, and it is so for reasons you don’t want to count on. HR officials started doing that on computers long back and replaced the paper work with electronic data for their routine chores like attendance update, record keeping, payroll management, etc. However, it was not hard for them to realize that the job is taking away enormous amount of time, only to kill productivity and undervalue their talented resources.It is quite common today for an organization to outsource payroll processing and management, and what they by and large stress on is one smart payroll processing software which can address all of their routine and special requirements.

A large number of companies today prefer Eilisys for its world-class services and sophisticated software. Eilisys has a special knack in payroll domain and is renowned for accurate processing of payouts, perks, etc. The software they use holds a bouquet of unique features and is reasonably user-friendly. This is what separates Eilisys and its workforce management software from the rest.

Whether you are a startup, an established organization or a small business group, you just cannot negotiate on the needs of your workforce and want the best professionals for its management! This is where the significance of futuristic and smart software pitches in, and that you get exactly that from Eilisys.

You must know about some prime advantages which you draw at Eilisys and about its incredible software:

  • This distinctly versatile software takes care of variety of your payroll management requirements and fosters quicker processing of payouts.
  • Software has been designed to benefit multiple departments and has operations customized to meet specific functions such as Finance, HR, Statutory Compliances, etc.
  • It appropriately complies with the latest rulings or guidelines in terms of taxation, provident fund computation, tax statement or ESIC statement generation, etc.

Features that make Eilisys the best payroll processing software:

There are plentiful features to prove that Eilisys enables precision in payroll management and has smart options for processing salaries and other payouts. With this incredible software, you can also:

  • Obtain Form 16, digital signed by employees.
  • Have a report on loan prerequisite valuation.
  • Retrieve NEFT files or automated file shared by bank.
  • Simplify financial accounting.
  • Conveniently integrate with the prevailing ERP.
  • Set parameters to calculate income tax.

Features that facilitate Human Resource function:

Your managers in Human Resource function too have a lot to enjoy with this software. They can:

  • Maintain elaborate record of employees, together with their earlier job history.
  • Keep track of every minute employee detail such as attendance, leaves, increments, investment declarations, and everything else.
  • Compute arrears, perks and emoluments for individual employees.

In short, the assorted attributes comprised in this software make it one such workforce management software which holds international repute. Owing to the many advantages comprised in it, it is evident why Eilisys’ payroll processing software is so widely preferred by businesses.

Exciting Benefits of Advanced Payroll Processing Software

The management of error-free payroll system is a big task for any business owner. No matter how many employees you have in your company you just need to have a clean and accurate record of their payment and other HR related details so that you can keep yourself safe from any legal hazards in future. When you have a small business with a few numbers of people then you may manage the payment schedule and other HR matters on your own. Or else some of your employee can perform the task every month. However, when the number of employees enhances then it may not seem that easy. In such cases, the use of advanced payroll processing software becomes mandatory to track the record in a perfect manner.

Get Accurate Report

You can create an accurate report of the payroll process of your employees with the help of this software. The matter will become easier than before when you use the advanced system. No matter how efficiently you have done the job the chances of making mistakes are very high when you do the entire job manually. On the other hand, when you use the software then the rate of errors becomes nil. The software is able to offer you accurate report about the payroll process irrespective of the number of your employees. When the payment report becomes error-free then you can calculate the other transactions easily. You can understand your earning and expenditure in business accurately too.

Other HR Related Jobs

The advanced software will help you in performing the other HR related jobs as well. You can keep track of the payment of Provident Fund, Employee Insurance, Pension, Income Tax and others with the help of this advanced system. You can have the monthly record of individual employee’s payment detail. The software will calculate the leave and holidays of the employees to calculate the payment. Thus, the entire record is well maintained through the latest hr management software.

Save Your Time

The software helps you to save a significant amount of time. It keeps the daily records of the payment schedule of the employees of your company and prepares the final report at the end of the month. That means you do not need to spend several hours every month to calculate the monthly payment of your workers. You just need to install the software and let it do the entire calculation throughout the month. At the end of the month you can get the report in your hand.

Make Your Business Flawless

You can make your business flawless with the help of this software. Maintaining the payroll process of the employees is a tough matter for any business owner. When you get something helpful to manage the same then it seems much easier than before to run the business. However, it is important to have the most efficient one that has all the latest features. Otherwise, you may not get the benefits of having the software and need to face the stress even after installing the same.

Top 7 Benefits of Using Payroll Processing Software

payroll processing software

Keeping track of employee work hours and compensating them accurately is a major activity for any business. There was a time when this process involved lot of manual input in terms of filling timesheets or physically punching cards. Nevertheless, computerization and technological advances have made it a thing of past. Today’s payroll processing systems are incredibly powerful and functional. By introducing payroll processing software for your in-house payroll activity you can enjoy greater flexibility and control of your business.

  1. Your employee records are safe

Usually payroll processing software prompts key users to back-up information from time to time. It can keep your data safe through an off-site backup solution or by backing it up on cloud.

  1. Easy access to employee calendars

Some payroll processing software comes with employee calendars that are very helpful at managing leaves, overtime and absenteeism. Project managers can plan better when they have information on employees who are on leave, whether they are on approved leave or not, how much leave they are entitled to, etc.

  1. Easily generate pay slips

While there are free payroll software available online but these cannot generate payslips, and that is the biggest reason why you should look for commercial payroll processing software. A commercialsoftware allows quick and simple payslip creation for multiple employees.

  1. No special skills required

Mostly the payroll processing software available in the market is easy to understand and use. If you have the right software for your business requirements then there is no need for special training or skills to operate such software. Small businesses can especially benefit from this.

  1. Added Security

There are several benefits of automating your payroll process in-house rather than outsourcing to a third party. A key advantage is the added security of your critical data. However, you will have to check for the security of your own IT systems. Generally, any good payroll processing system will be in line with the highest IT security standards.

  1. Standardizes your company

Manual payroll processes have almost turned outdated. By shifting to an automated payroll processing system you can keep your company in sync with the business world, for the companies that have not yet adopted automation in their payroll processes might soon fall behind.

  1. Leaves no scope for errors

Manual processing easily leaves gaps for errors to fall in. However, with an automated payroll system in place you can ensure that manual errors do not find their way into your data. Thorough validation procedures and checks ensure that no wrong information is entered into the system.