When changing how you process payroll, there are numerous considerations that must be taken into account. You will want to think about the features that are important to your company and decide on a solution that meets your needs within budget. The key to selecting the right payroll solution for your organization is to make certain that all of the vendors you evaluate can meet your needs before you begin to narrow down your choices. As you gather requirements and create your Request for Proposal (RFP), you’ll need to consider the functional capabilities required to produce accurate payroll, the vendor qualities you value most, and finally, how you plan to implement a new solution.
Use this payroll software checklist to organize the features you need in a new payroll software system. Fill in the blanks and present this checklist to the vendors you contact. Or simply use it to organize your needs, so your search for payroll software goes much more smoothly.
ESOLPK offers Enterprise Solution Services, Microsoft Dynamics ERP and business solutions, Microsoft Dynamics GP, Microsoft SharePoint and Microsoft Dynamics CRM.
SmartHR is a revolutionary system that promises to take the pain out of HR Management. SmartHR - Smartly manages , Employee Databank, Employee Self Service, Attendance, Leave, payroll, Recruitment, Training, Performance Appraisal and all such HRMS activities from candidate entry till employee exit.
HR modules shape an intersection in between human resource management (HRM) and information technology. It merges HRM as a discipline and in particular its basic HR activities and processes with the information technology field .The beauty of opting for our integrated software is that you do not need to worry about multiple data entries, multiple master creations or data migration hassles. SmartHR is very user friendly and is adaptable to any kind of industry.
JSM Payroll software is an Advanced 17 + Years Payroll Software developed by JSM Technologies India. JSM Payroll Software is User Friendly, Flexible, Parameter & Policy Driven and is the Most Comprehensive HR and Payroll Software. JSM Payroll Software automates all Payroll activities and is tightly integrated with Leave and Attendance, Timesheet, HR and Statutory Modules.
JSM Payroll Software has a comprehensive, web based Employee Self Service Software module enabling all Employees to perform all activities in a efficient manner. JSM Payroll Software has an powerful Business Intelligence (BI) Module that gives Top Management instant and valuable information on 50+ Payroll and Costing Parameters.
JSM has Payroll Software clients all over India in all major metros including Bangalore, Chennai, Mumbai,Pune, New Delhi,Hyderabad and Kolkata. JSM can also cater to needs of clients Globally.
JSM Payroll Software through the ESS Module allows all employees to enter Tax Declarations, Proofs, Reimbursement Bills, Restructure Reimbursement heads (Flex Benefits), upload Expense Claims as well as Reimbursement bills and much more. JSM Payroll Software ESS module puts all the information in the hands of employee, be it - viewing Salary slips, Reimbursement Slips, Expense Slips, or any kind of historical information including Increments history.
Payroll is an important activity in any organization. JSM Payroll Software has been specially developed by JSM Technologies India for automating Indian Payroll and Salary. With JSM Payroll it is possible to maximize the potential of HR and Accounts through timely and accurate Salary Processing, efficient handling of Reimbursements, Loans & Advances and Government of India statutory requirements including all PF and ESIC challans and TDS. JSM Payroll Software is integrated with JSM HR Software so that both HR and Payroll are seamlessly integrated.
JSM Payroll Software can be used by Global companies across the world with little customization to meet country specific requirements.JSM Central Govt Payroll Software can be used by Indian Central Govt Organizations and meets VI & VII Pay Commission requirements. Automating Payroll in India with JSM Payroll Software will reduce the work load on HR and Accounts staff, facilitate confidentiality, produce error-free information and enhance speed in accessing Payroll related information. Because of its integration with JSM HR Software it offers a single view of all data to both HR and Finance departments.
For more information visit our Web Site -
http://www.jsmtechnologies.com/Products/payrollsoftware.aspx
Use this payroll software checklist to organize the features you need in a new payroll software system. Fill in the blanks and present this checklist to the vendors you contact. Or simply use it to organize your needs, so your search for payroll software goes much more smoothly.
ESOLPK offers Enterprise Solution Services, Microsoft Dynamics ERP and business solutions, Microsoft Dynamics GP, Microsoft SharePoint and Microsoft Dynamics CRM.
SmartHR is a revolutionary system that promises to take the pain out of HR Management. SmartHR - Smartly manages , Employee Databank, Employee Self Service, Attendance, Leave, payroll, Recruitment, Training, Performance Appraisal and all such HRMS activities from candidate entry till employee exit.
HR modules shape an intersection in between human resource management (HRM) and information technology. It merges HRM as a discipline and in particular its basic HR activities and processes with the information technology field .The beauty of opting for our integrated software is that you do not need to worry about multiple data entries, multiple master creations or data migration hassles. SmartHR is very user friendly and is adaptable to any kind of industry.
JSM Payroll software is an Advanced 17 + Years Payroll Software developed by JSM Technologies India. JSM Payroll Software is User Friendly, Flexible, Parameter & Policy Driven and is the Most Comprehensive HR and Payroll Software. JSM Payroll Software automates all Payroll activities and is tightly integrated with Leave and Attendance, Timesheet, HR and Statutory Modules.
JSM Payroll Software has a comprehensive, web based Employee Self Service Software module enabling all Employees to perform all activities in a efficient manner. JSM Payroll Software has an powerful Business Intelligence (BI) Module that gives Top Management instant and valuable information on 50+ Payroll and Costing Parameters.
JSM has Payroll Software clients all over India in all major metros including Bangalore, Chennai, Mumbai,Pune, New Delhi,Hyderabad and Kolkata. JSM can also cater to needs of clients Globally.
JSM Payroll Software through the ESS Module allows all employees to enter Tax Declarations, Proofs, Reimbursement Bills, Restructure Reimbursement heads (Flex Benefits), upload Expense Claims as well as Reimbursement bills and much more. JSM Payroll Software ESS module puts all the information in the hands of employee, be it - viewing Salary slips, Reimbursement Slips, Expense Slips, or any kind of historical information including Increments history.
Payroll is an important activity in any organization. JSM Payroll Software has been specially developed by JSM Technologies India for automating Indian Payroll and Salary. With JSM Payroll it is possible to maximize the potential of HR and Accounts through timely and accurate Salary Processing, efficient handling of Reimbursements, Loans & Advances and Government of India statutory requirements including all PF and ESIC challans and TDS. JSM Payroll Software is integrated with JSM HR Software so that both HR and Payroll are seamlessly integrated.
JSM Payroll Software can be used by Global companies across the world with little customization to meet country specific requirements.JSM Central Govt Payroll Software can be used by Indian Central Govt Organizations and meets VI & VII Pay Commission requirements. Automating Payroll in India with JSM Payroll Software will reduce the work load on HR and Accounts staff, facilitate confidentiality, produce error-free information and enhance speed in accessing Payroll related information. Because of its integration with JSM HR Software it offers a single view of all data to both HR and Finance departments.
For more information visit our Web Site -
http://www.jsmtechnologies.com/Products/payrollsoftware.aspx
Payroll process is time consuming activity. Our expert team will take care of the entire process on behalf our customer and provide accurate payroll results. You take care of payments, we do the rest
Resumefox: Enterprise Recruitment Software with Resume ParserGopal Kulkarni
This software routes resumes coming from job portals, vendors, employee referrals, company website and directly from candidates into a common repository and makes the entire repository instantly searchable by combination of keywords and other criteria.
It helps in quickly shortlisting the right candidates for each of the positions and automates most of the hiring processes thereby enabling the companies to hire the right talent in the shortest possible time and to reduce the cost of hiring significantly.
In short, it is an Applicant Tracking Software with resume parsing, interview feedback management, employee referral portal, internal job board, candidates portal, vendors module, Hiring Managers' portal, Offer letters module and more....
SmartHR is a revolutionary system that promises to take the pain out of HR Management. SmartHR manages staffing, induction, HRIS, attendance, leave, payroll, training, appraisals i.e. all such HRMS activities from candidate entry till employee exit.
Generix Solutions possesses solid experience in development and maintenance of large and mission-critical computerization projects. We are expert in the delivery of Turnkey Solutions, Product Development, Maintenance, System Integration, and world-class Business Consultancy & Training Services to our valued customers on Enterprise Resource Planning (ERP), Human Resource & Payroll Management System (HRMS), Microfinancing (SFS), Web Development, Data Warehousing, Business Intelligence (BI), 3S Auto Dealers Suite, Mobile Apps Development, Project/Program Management, Business Consultancy.
This presentation explains how Empxtrack can help automate all aspects of your HR department. With a comprehensive solution, the product helps you develop and manage your employees in a cost effective and transparent manner.
Welcome to Online Payroll & HRMS, our customizable solution to automate HR & Payroll processes for small and medium companies.
Payroll module can be customized as per India policies and also as per international country policies.
Please visit us at www.payrollsoftware.co.in
For Inquiries:
ankur@orangewebtech.com
hector@orangewebtech.com
Payroll process is time consuming activity. Our expert team will take care of the entire process on behalf our customer and provide accurate payroll results. You take care of payments, we do the rest
Resumefox: Enterprise Recruitment Software with Resume ParserGopal Kulkarni
This software routes resumes coming from job portals, vendors, employee referrals, company website and directly from candidates into a common repository and makes the entire repository instantly searchable by combination of keywords and other criteria.
It helps in quickly shortlisting the right candidates for each of the positions and automates most of the hiring processes thereby enabling the companies to hire the right talent in the shortest possible time and to reduce the cost of hiring significantly.
In short, it is an Applicant Tracking Software with resume parsing, interview feedback management, employee referral portal, internal job board, candidates portal, vendors module, Hiring Managers' portal, Offer letters module and more....
SmartHR is a revolutionary system that promises to take the pain out of HR Management. SmartHR manages staffing, induction, HRIS, attendance, leave, payroll, training, appraisals i.e. all such HRMS activities from candidate entry till employee exit.
Generix Solutions possesses solid experience in development and maintenance of large and mission-critical computerization projects. We are expert in the delivery of Turnkey Solutions, Product Development, Maintenance, System Integration, and world-class Business Consultancy & Training Services to our valued customers on Enterprise Resource Planning (ERP), Human Resource & Payroll Management System (HRMS), Microfinancing (SFS), Web Development, Data Warehousing, Business Intelligence (BI), 3S Auto Dealers Suite, Mobile Apps Development, Project/Program Management, Business Consultancy.
This presentation explains how Empxtrack can help automate all aspects of your HR department. With a comprehensive solution, the product helps you develop and manage your employees in a cost effective and transparent manner.
Welcome to Online Payroll & HRMS, our customizable solution to automate HR & Payroll processes for small and medium companies.
Payroll module can be customized as per India policies and also as per international country policies.
Please visit us at www.payrollsoftware.co.in
For Inquiries:
ankur@orangewebtech.com
hector@orangewebtech.com
Conducting Business in the Cloud
Today's business environment requires a configurable cloud based solution to meet the modern company structure. Multiple roles have different information needs and this requires the need to control access to proprietary and confidential data. Companies have to set access controls based on roles throughout all levels of an organization. Hourly employees clocking in and out, PTO request submissions, timesheets reviews and approvals are just a few examples of different tasks that require different access levels within an organization.
Now is the Time for Change
Now more than ever, businesses are embracing the use of cloud solutions to streamline the process of delivering information. Cloud solutions go beyond the distribution of materials to include payroll management and human resources applications. The use of this type of tool not only simplifies day-to-day operations, but also reduces operational costs.
Where Does the Information Go?
A cloud is an online network used to store and access valuable information so it is easily accessible to many people. The result is an intuitive SaaS (Software-as-a-Service) product that integrates with a business’s existing technology.
In an ever-changing, fast-paced work environment, businesses are turning to more efficient, economical approach to managing data distribution and maintenance. Cloud technology is becoming the go-to solution to meet these needs. It is an excellent solution for companies who are looking to better strategize their budgetary and technology efforts, while also integrating functionalities for important internal processes.
Bring your own device (BYOD) is a strategy that allows employees and business partners to use personally owned devices—usually smartphones or tablets—to execute enterprise applications and access data. It can allow organizations to take advantage of the latest technology features and capabilities, without the pain and expense of a large-scale hardware refresh or software upgrade.
The consumerization trend is here to stay, and devices are only the beginning. By implementing a comprehensive BYOD strategy that includes robust policies, processes, resources, and education, enterprises can set the foundation for securing corporate data and providing safe, productive access. With well-supported mobility and security programs in place, companies can strike the right balance between security and usability, and leverage the next generation of consumer technology.
Man-Machine Symbiosis: Are We Becoming More or Less Human?Teemu Arina
A presentation about wearables, quantified self, biohacking, internet of things, singularity and coming age of man-machine relationships. Presentation on 11th of March 2015 at Tekes Digitalization.Finland.Go! #digigo
You’ve heard that many industries are moving to the cloud, but can government be one of them? Leading organizations are in fact moving certain technologies into the cloud to save money and improve service effectiveness.
Using Business Architecture to enable customer experience and digital strategyCraig Martin
Digital disruption is shifting business model design from a focus on product profitability to a stronger focus on customer experience and lifetime value.
The presentation looks at environmental pressures caused by digital disruption and identifies how to use business architecture and business design to address these changes.
It covers business architecture for digital strategy, customer-driven value chains, re-writing of the 4Ps of the marketing mix, and the nine laws of disruption and how they affect business model design.Craig also investigates the changes afoot with strategic business planning and Enterprise Architecture, which are experiencing their own form of disruption. Will Enterprise Architecture as we know it become a commodity too?
This presentation was delivered as an OpenGroup webinar and is available for viewing from the www.enterprisearchitects.com web site.
When making the switch to a new payroll solution, it’s important to carefully weigh your company’s needs and budget when selecting a vendor. Payroll solutions typically fall into one of two types:
Commercial software—Payroll software that runs on your PC or server and allows you to run your own payroll and manage all your payroll processes in-house, including printing checks, reporting, forms, and managing direct deposits and payroll taxes. Commercial payroll software typically involves a one-time software purchase and annual support contract for software enhancements, tax table updates, and technical advice.
Outsourced service—A service bureau processes your payroll, prints checks, handles tax filing, and prints W-2s and other year-end forms. The bureau maintains all payroll data and charges initial and ongoing “per employee” or “per check” processing fees for the service, with additional fees for optional services and reports.
Of these, commercial software typically offers more flexibility and return on investment for midsized companies. Not only is commercial software more cost-effective, it allows you to protect wage and salary information and maintain control over payroll processing to easily handle last-minute changes. With the many commercial payroll software options available, selecting a solution and a vendor can seem like a difficult task. That’s why it’s important to arm yourself with good information, and know the right questions to ask.
The Complete Buyers Guide for Payroll SoftwareSage HRMS
For more than 20 years, Sage has been helping midsized businesses in all industries choose and implement Sage Payroll and Sage HRMS systems. Our experience has taught us that people need more than just product information to successfully select and deploy payroll solutions. That’s what this Buyer’s Guide is all about.
What are the integration capabilities does payroll software have.docxHR365 India
HR365 is a payroll software in India specifically designed for businesses in India. It helps streamline and automate the payroll process, making it easier for companies to manage employee salaries, deductions, taxes, and other payroll-related tasks. With HR365, businesses can ensure accurate and timely payroll processing, reducing the risk of errors and saving time and effort.
Payroll System Secrets Exposed_ Unraveling the Payroll Software Key Features ...Parker adam
Payroll System Secrets Exposed: Unraveling the Payroll Software Key Features for Business Success
In today's fast-paced business landscape, powerful payroll management plays a crucial role in the success of any organization. As businesses strive to streamline their operations and maximize productivity, having a robust payroll system in place is essential.
This article aims to go into the secrets of an effective payroll system and explore the key features that can contribute to the success of your business.
The Importance of Payroll Software
Managing employee payroll is a complex task that involves numerous calculations, tax deductions, and compliance with ever-changing regulations.
Manual payroll processes are not only time-consuming but also prone to errors, which can result in financial discrepancies and employee dissatisfaction. By implementing reliable payroll software, businesses can automate these processes, ensuring accuracy, efficiency, and compliance.
1. Accurate Payroll Calculations
The heart of any payroll system lies in its ability to accurately calculate employee wages, taxes, and deductions. Robust payroll software automates these calculations, taking into account various factors such as hours worked, overtime, bonuses, and benefits. With precise calculations, you can ensure that your employees are paid correctly and on time, eliminating the risk of payroll-related disputes.
2. Tax Compliance Made Easy
Tax regulations are ever-evolving, making it challenging for businesses to stay up-to-date and compliant. However, with the right payroll software, tax compliance becomes a breeze.
Advanced systems integrate tax tables and algorithms, automatically calculating and withholding the correct amount of taxes from each paycheck.
This not only saves time but also mitigates the risk of penalties or audits resulting from inaccurate tax calculations.
3. Employee Self-Service Portals
Empowering your employees with self-service portals can significantly enhance their payroll experience. Modern payroll software provides employees with access to personalized portals where they can view and download their pay stubs, tax forms, and other relevant documents.
This self-service functionality reduces administrative workload, increases transparency, and boosts employee satisfaction by granting them easy access to their payroll information.
4. Integration with Time and Attendance Systems
Efficiently tracking employee attendance and hours worked is vital for accurate payroll processing. Integration between your payroll software and time and attendance systems allows for seamless data transfer, eliminating the need for manual data entry. This integration ensures that employee hours are accurately recorded, overtime is accounted for, and wages are calculated accordingly. By automating this process, businesses can save time, reduce errors, and improve overall payroll accuracy.
5. Reporting and Analytics
Insights gained from payroll data
Rethinking payroll performance: In-House vs OutsourcingBARRY ROSS
Our cloud based payroll solution combines a powerful payroll & web-based HR application along with the convenience of services typically offered by payroll outsourcing providers. Companies currently using payroll software for small business will benefit from the lower maintenance costs & improved security that our payroll solution has to offer.
Top 10 key features of payroll software for startups!.pdfleenadavis3
Many SME business owners postpone the implementation of payroll and HR software till
they come to a certain size. They think that manual payroll processing, or a limited
desktop software, is sufficient for their organisation
What are the key features and functionalities offered by payroll software i...HR365 India
Payroll software in India typically offers a range of key features and functionalities to simplify and automate the payroll process. Here are some of the common features found in cloud –based payroll software used in India:
Globally, Governments encourage SMEs to deliver digital, and the adoption of automated processes in the organization’s HR department has become increasingly important. Time and travel are often overlooked by businesses that focus exclusively on boosting external growth, leaving employees without development. An outdated system can be difficult to use and lacks the various features that the new system has. System instability can have a detrimental effect on the company’s future growth prospects and the current foundation. Real growth occurs in businesses led by management who think over time. While marketing is important, business owners should also realize that creating efficient systems that allow HR and other internal teams to operate effectively is equally important. Connect HRMS is providing best services in Pakistan. We’re providing best HR services, many people think HR Software price in Pakistan is too much high, they think wrong because we’re best cheap services provider in Pakistan. HCM module is a cost-effective way of centralizing employee data, engaging employees, Managers, and empowering the HR Department. It is built using the latest technologies by industry top experts and professionals to manage end-to-end HR across the organization.
Streamlining the hr processes with leave management software leave management...OfficeTimer
the top 5 pain points plaguing the human resource department apart from recruiting resource manpower, retaining the resources, ensuring compliance to policies, managing diversity in workplace, change management and fostering the tier-2 leadership. So, before the discussion boils down to how leave management software streamlines the HR processes, it is imperative that we deep dive into the leave management challenges and how its mismanagement serves as a recipe for disaster.
Complete Guide to Payroll Management in 2024 | ShrmproShrmpro
By implementing a payroll management system, you can easily overcome your challenges of inefficient payroll processing and focus on making your organization's vision and mission a reality.
So, if you are looking for a cloud-based HR software that can simplify workforce processes and provide solutions to all your HR problems, SHRMpro is the one-stop location for you.
With a user-friendly interface, we have automated tasks like Payroll Management, Application Tracking, Employee Data Management, Attendance Management, Training Sessions, etc., catering to all HRMS problems, to all our clients across the globe.
To know more about our Payroll Management System and how we can solve your Payroll processing challenges in your HR, book a demo of our HR software today!
Understanding Payroll Software_ Streamlining Payroll Management.pdfParker adam
Welcome to our comprehensive guide on payroll software, a powerful tool designed to streamline payroll management processes for businesses of all sizes. In this article, we will delve into the features, benefits, and importance of payroll software in today's fast-paced business environment. Whether a small business owner or an HR professional, understanding how payroll software can simplify and optimize your payroll operations is crucial for efficient business management.
1. The Significance of Payroll Software
Managing payroll can be a complex and time-consuming task for businesses. From calculating employee wages and taxes to generating accurate reports, it requires meticulous attention to detail. This is where payroll software steps in to revolutionize the payroll process. With its advanced capabilities and automated functionalities, HR payroll software provides numerous benefits, including:
Time and Cost Efficiency:
Payroll software automates repetitive tasks, reducing the time spent on manual calculations and data entry. This efficiency translates into significant cost savings for businesses, minimizing the need for additional human resources dedicated solely to payroll management.
Accuracy and Compliance:
Ensuring accurate payroll calculations and adhering to complex tax regulations are vital to avoid penalties and maintain compliance. Payroll software eliminates the risk of human error, automatically calculating wages, deductions, and taxes based on pre-configured rules and regulations.
Data Security:
Payroll software offers robust data security measures to protect sensitive employee information. By restricting access to authorized personnel and implementing encryption protocols, payroll software ensures the confidentiality and integrity of payroll data.
Streamlined Reporting:
Generating detailed reports and analytics is crucial for business owners and HR professionals to gain insights into payroll expenses and make informed decisions. Payroll software simplifies this process by providing comprehensive reporting features, allowing users to generate customized reports effortlessly.
2. Key Features of Payroll Software
To better understand the capabilities of payroll software, let's explore some of its key features:
a. Automated Payroll Calculations
Payroll software performs accurate and automated calculations of employee wages, bonuses, deductions, and taxes based on predetermined rules and regulations. This eliminates the need for manual computations, reducing errors and ensuring payroll accuracy.
b. Tax Management
Complying with tax regulations and staying updated with changing tax laws can be challenging. Payroll software simplifies tax management by automatically calculating and withholding the correct amount of taxes from employees' wages, while also generating reports required for tax filing.
c. Direct Deposit and Payment Processing
Learn more:
https://quickhr.co/features/payroll
Understanding Payroll Software_ Streamlining Payroll ManagementParker adam
Welcome to our comprehensive guide on payroll software, a powerful tool designed to streamline payroll management processes for businesses of all sizes. In this article, we will delve into the features, benefits, and importance of payroll software in today's fast-paced business environment. Whether a small business owner or an HR professional, understanding how payroll software can simplify and optimize your payroll operations is crucial for efficient business management.
1. The Significance of Payroll Software
Managing payroll can be a complex and time-consuming task for businesses. From calculating employee wages and taxes to generating accurate reports, it requires meticulous attention to detail. This is where payroll software steps in to revolutionize the payroll process. With its advanced capabilities and automated functionalities, HR payroll software provides numerous benefits, including:
Time and Cost Efficiency:
Payroll software automates repetitive tasks, reducing the time spent on manual calculations and data entry. This efficiency translates into significant cost savings for businesses, minimizing the need for additional human resources dedicated solely to payroll management.
Accuracy and Compliance:
Ensuring accurate payroll calculations and adhering to complex tax regulations are vital to avoid penalties and maintain compliance. Payroll software eliminates the risk of human error, automatically calculating wages, deductions, and taxes based on pre-configured rules and regulations.
Data Security:
Payroll software offers robust data security measures to protect sensitive employee information. By restricting access to authorized personnel and implementing encryption protocols, payroll software ensures the confidentiality and integrity of payroll data.
Streamlined Reporting:
Generating detailed reports and analytics is crucial for business owners and HR professionals to gain insights into payroll expenses and make informed decisions. Payroll software simplifies this process by providing comprehensive reporting features, allowing users to generate customized reports effortlessly.
2. Key Features of Payroll Software
To better understand the capabilities of payroll software, let's explore some of its key features:
a. Automated Payroll Calculations
Payroll software performs accurate and automated calculations of employee wages, bonuses, deductions, and taxes based on predetermined rules and regulations. This eliminates the need for manual computations, reducing errors and ensuring payroll accuracy.
b. Tax Management
Complying with tax regulations and staying updated with changing tax laws can be challenging. Payroll software simplifies tax management by automatically calculating and withholding the correct amount of taxes from employees' wages, while also generating reports required for tax filing.
c. Direct Deposit and Payment Processing
https://quickhr.co/features/payroll
Top Seven Benefits of an Automated Time and Attendance SystemSage HRMS
Increasing information accuracy and reliability are the two paramount reasons a time and attendance system is installed in any organization. Because an organization’s workforce is often its largest expense, impacting production and profitability, inaccurate timekeeping can lead to costly regulatory compliance missteps, among other pitfalls.
On the other hand, it should be noted that employees also represent an organization’s biggest asset with regard to growth and profitability. Thus, maintaining accurate and reliable time and attendance information makes labor management a whole lot more manageable.
At surface level, the immediate time-saving, as well as bottom-line saving, benefits of time and attendance automation are easy to highlight. However, without accurate and reliable time data captured from employees and passed to other parts of the human resources and payroll system, error-prone breakdowns are likely to occur. These can result in employees’ not being paid properly, noncompliance, decreased employee morale, and turnover.
An appropriate time and attendance system that meets your organization’s needs can help to eliminate and even prevent many, if not most, of the negative aspects of inaccurate and unreliable timekeeping.
The following will outline the top benefits of a time and attendance system and the positive effect they can have on your organization.
The last thing most construction executives want to worry about is their accounting software. But as
your company grows, accounting becomes more complex and more integrated with operations. While
a generic accounting package like QuickBooks or Sage 50 Accounting—U.S. Edition (formerly Sage
Peachtree) got your business off the ground, it may be time to deploy accounting software designed
specifically for the construction industry.
The right software isn’t cheap; in fact, you’ll likely spend $3,000 to $30,000 to deploy a
construction-specific accounting system. However, the benefits of the move will pay out
early and often. Construction accounting software will help you get a better grip on your job
costs, manage your risks, and generally “speak your language.” Here we highlight six powerful
benefits of accounting software built for the construction industry.
Learn more at the http://na.sage.com/sage-construction-and-real-estate
A Payroll Management System is software that streamlines the process of paying employees. It automates recurring tasks like calculating pay and managing taxes and benefits. A Payroll System can save time, reduce errors, and improve employee satisfaction. Moreover, it ensures that the business complies with legal regulations to avoid penalties. Employees may mistrust the company's economic stability if salaries are not paid on time or if there are any unjustified delays. Furthermore, it may have an impact on the morale of the company's workers, which can ultimately reduce productivity. So, it becomes crucial to implement a payroll system to streamline the payment mechanism in the company.
Know more details here: https://sites.google.com/view/nyggs-payroll-system/home
Introduction on Workday Payroll Management System and Software SolutionsERP Cloud Training
Workday Payroll training Management system helps any organization to calculate the wages & compensation of any employee in a detailed & organized manner. We all know that Workday plays a vital role in each organization. Even small organizations began to deal with things with Workday. Workday is becoming increasingly popular daily.
How Cost effective payroll software that are designed to help you better mana...Jose thomas
Choose Payroll management software Oman that meets your company's demands, you're making a decision that will improve operational efficiency, employee satisfaction, and overall success. As technology continues to transform the corporate landscape, adopting low-cost payroll software is a step toward a more streamlined, structured firm.
Similar to 15 Factors to Consider When Changing How You Process Payroll (20)
An industry-leading, customizable HRMS solution, Sage HRMS helps companies optimize their HR business processes as well as maximize their Return On Employee Investment (ROEI)™. Developed by HR professionals for HR professionals, Sage HRMS delivers a tightly integrated set of comprehensive features and functionality that increase efficiency and improve productivity at every level in the organization.
With Sage HRMS, you can successfully meet and respond to the HR management challenges you face every day in the areas of payroll, benefits, employee self-service, attendance, recruiting, training, workforce analytics, and more. By automating and streamlining your day-to-day HR business processes using Sage HRMS, you and your staff are freed up to spend more time and energy on the business asset that is most vital to your company—your employees.
It is the perfect time for HR to take a proactive position at the strategic planning table, looking at ways to optimize today’s and tomorrow’s workforce. With payroll as one of the highest line items on the balance sheet, and worker productivity and intellectual property the real lifeblood of business survival, there is an urgent need for renewed efficiency in managing workforce assets.
HR and managers have an opportunity to answer such questions as:
How do we structure ourselves and organize our workforce to be the most effective and productive?
How can we continually align ourselves with our current business conditions and still give our employees confidence and security?
How do we revamp processes to build in agility?
How can we anticipate changing workforce needs?
How do we retain talented, engaged employees?
How do we track and anticipate changing costs?
How do we do all of this with an increasingly complex workforce?
For more than 30 years, Sage has been helping midsized businesses in all industries choose and implement human resource and payroll solutions. Our experience has taught us that when people begin searching for human resources management software, they find the process overwhelming and need help identifying their needs, determining the questions they should ask, and gathering the vendor information they need to effectively compare and select the right solution.
We believe expertise unshared is knowledge wasted, so we’ve distilled what we’ve learned from our over 12,000 Sage HRMS customers and created this HR software buyer’s guide with useful information you need to know, including, recent trends in human resources and HR technology, top ten considerations for HRMS, a key software capabilities checklist, and how to evaluate the company behind the product.
We want to make the HR software purchase process as painless as possible and help you find the right HR software solution for your needs whether that solution is Sage HRMS or another.
Sage Source allows you to streamline business processes and offer employees access to valuable online business tools and benefits at no additional cost as part of Sage Business Care. Requiring no implementation or IT administration, the intelligent, customizable online interface easily leverages existing Sage HRMS on-premise data and combines it with complimentary services from third-party solution providers.
Sage HRMS empowers the human resources (HR) department to actively support company objectives while improving HR efficiency. Integrate and streamline your HR processes and closely monitor employee records and personnel actions, HR compliance, benefits administration, absence management, reporting (standard and custom), and data import/export actions with Sage HRMS.
Automate your company’s business processes and promote workplace satisfaction by giving employees ownership of their personal information with Sage Employee Self Service (Sage ESS). With workflow capabilities and customizable features, Sage ESS provides a central location for employees, managers, and administrators to view and manage important personal data and company information. Instead of calling the HR department with routine inquiries, employees and managers will feel more self-sufficient when they can access information, such as time off, current benefits, and current job details—anytime, anyplace over the Internet or company intranet.
Cut the costs and complexity of benefits administration by securely automating the communication of employee benefits enrollment data to insurance carriers with Sage HRMS Benefits Messenger. This powerful solution will eliminate the need to submit paper enrollment forms or create and maintain customized electronic file formats. Sage HRMS Benefits Messenger also eliminates the costly errors associated with duplicate data entry and “missed enrollments” both during annual open enrollment periods and for employee changes throughout the year.
For some time, HR professionals have aspired to create a “paperless office” with automated technology to create, store, and manage all of the employee information necessary to run a business effectively. Today the technology exists to turn this goal into reality with a desirable Return on Investment (ROI). Current business trends toward environmental sustainability provide the additional impetus to make the business case for paperless HR today, to help support the workforce of tomorrow.
Increasingly, reducing the use of paper in business processes will become a necessary step toward corporate sustainability efforts. Some global and regional companies are pushing sustainability initiatives not only within their own operations, but also out into the supply chain, encouraging vendors and partners to implement greener business practices. “Going green” is a competitive response to changes in social attitudes and to the expectations of customers, employees, and stakeholders.
Because of the many paper-intensive administrative processes in the Human Resources department, it is a great area to embrace corporate sustainability objectives by eliminating paper. Going paperless also saves costs and increases the efficiency and accuracy of HR functions. It can even help with recruiting and engagement—many sought-after job candidates and top-performing employees are passionate about environmental causes. This white paper provides information on the benefits of a paperless HR department and the technology for putting it in place.
Why are some companies thriving while others are struggling to stay in business? What is the distinctive difference between a good company and a truly great company? The answers to these questions can only be found when looking at what defines the company: its people. The people who make up a company are that organization’s unique and biggest asset. For most businesses, the workforce is also its largest expense, or better put, its largest investment.
At Sage, we believe that employees are the most important component in the quest to improve business results. It makes sense to treat employee-related expenses as an investment in the workforce. Like any other investment, this critical company investment must yield a healthy return.
We call that the Return on Employee Investment or ROEI. This white paper looks into investments that can help a company maximize the value of its workforce, and shows how technology can help improve ROEI and build a more profitable and successful business.
A company is only as good as its workforce. A company does not generate ideas, does not give service, and by itself is neither efficient nor productive. People make all of those things happen. In that sense, employees are the most important component in the quest to improve business results. It makes sense to treat employee-related expenses as an investment in the workforce. Like any other investment, this critical company investment must yield a healthy return. At Sage, we call that the Return On Employee Investment or ROEI.
These are not easy times for HR managers. Like other executives, they must do more with less. A viable approach to the consequences of an economic downturn is tighter “strategic alignment” of HR processes to the company’s overall competitive strategy. One way that HR managers might adapt to doing more with less is to develop initiatives that designate HR as a strategic partner to revenue-generating business units and to the executive team.
HR Management by Spreadsheet: Is there a Better Way?Sage HRMS
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Employee Leave Issues: 5 Tips to Navigate the Bermuda Triangle of Employee Le...Sage HRMS
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Avoiding Costly Fines: A 2013 Guide to Compliance MandatesSage HRMS
For more than 30 years, Sage has been a leader in the development of Human Resource Management Systems (HRMS) software. Thousands of midsized businesses nationwide have implemented our popular Sage HRMS solutions. From those experiences, we’ve learned that compliance is one of the top challenges facing any human resources department. It can be difficult to stay on top of all of the state and federal workforce laws, regulations, and reporting requirements.
It’s up to HR to ensure that hiring, discipline, and termination practices are compliant with the law. Otherwise, you could put your company at risk of incurring fines, penalties, and employee lawsuits. And mistakes can be costly. More than one-third of private companies surveyed by Chubb Insurance had experienced an employment-law event (EEOC charge filed or employee lawsuit), at an average cost of $74,400 per incident.
Sage created this guide to help you stay informed about the latest workforce compliance laws and regulations that may affect your organization. Staying abreast of current mandates enables you to communicate with and train management and employees so that the company is not at risk of expensive employee lawsuits. As with all issues with legal circumstances, the use of this material is not a substitute for the advice of a lawyer and when in doubt or for advice with respect to any specific human resources mandate please contact your lawyer. Additionally, this material is provided for informational purposes only and not for the purpose of providing legal advice.
Social media is quite a phenomenon. It’s changing the way we use the Internet, communicate with friends and business colleagues, interact with corporations (or customers), gather information, and make decisions. Social media may still seem like a technological fad that is mainly used by younger people, but in truth, it is rapidly gaining users across generations and becoming a main stream business tool.
From an HR perspective, it can be hard to tell if social media is your friend or your foe. But one thing is clear: The time to adopt social media strategies and policies for your business is right now.
HR Data Management: The Hard Way vs The Easy WaySage HRMS
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How can your company increase employee engagement and retain top performers? In this guide, we will examine some current statistics about employee engagement, show how employee engagement affects companies’ financial performance, and provide tips to effectively increase employee engagement at your company.
Cost Effective Compliance - What it Consists of and How to Achieve ItSage HRMS
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so, and is it possible to implement a set of compliancy rules without breaking the bank, and
without causing a mass mutiny of your IT staff?
To better understand this essential balance and determine the use of HR data for organizational gain, in August and September 2009, Aberdeen surveyed more than 300 HR and non-HR professionals regarding their organization's utilization of core HR management capabilities and systems.
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15 Factors to Consider When Changing How You Process Payroll
1. Sage HRMS I Planning Guide
15 Factors to Consider When Changing
How You Process Payroll
2. Sage HRMS
Table of Contents
Introduction .................................................................................................................. 1
Starting Your Evaluation ............................................................................................. 1
1. Timing
2. Evaluation Team
Functional Requirements ........................................................................................... 2-3
3. Payroll Tax Management and Reporting
4. Security
5. Payment Flexibility
6. Employee Self-Service
7. Integration Capabilities
Vendor Considerations ............................................................................................... 4-5
8. Vendor Stability and Track Record
9. Customer Support
10. Local Support
11. References
Implementation Planning .......................................................................................... 5-6
12. Hardware
13. Data Transfer and Conversion
14. Implementation Resources
15. Side-By-Side Processing
Conclusion .................................................................................................................... 6
3. Introduction Sage HRMS
When changing how you process payroll, there are numerous considerations that must
be taken into account. You will want to think about the features that are important to your
company and decide on a solution that meets your needs within budget. The key to selecting
the right payroll solution for your organization is to make certain that all of the vendors you
evaluate can meet your needs before you begin to narrow down your choices. As you gather
requirements and create your Request for Proposal (RFP), you’ll need to consider the functional
capabilities required to produce accurate payroll, the vendor qualities you value most, and
finally, how you plan to implement a new solution. Here are 15 factors to keep in mind:
Starting Your Evaluation
1. Timing
When planning the conversion to a new payroll software solution, timing is important.
Most companies find it easiest to make the transition at certain times during the year,
such as immediately after a quarter-end or, more commonly, after year-end. Starting
with a new system at the beginning of a year is particularly convenient because it allows
you to simply import employee demographic and setup data, and start the new
year with zero balances in the system. Switching software at the beginning of a quarter
is another option. You’ll start fresh with a new quarter but will still have to convert
calendar year information pertaining to employee taxes, earnings, and deductions.
Converting this information incorrectly can cause problems—it could affect W-2 reporting
in the U.S., or T4/Releve 1 reporting in Canada, as well as earnings and deductions,
and especially employer tax liability data. It’s also very important to make sure that
all quarter-end dates are correct when implementing the new system, or quarter-end
reporting could be inaccurate. To avoid these issues altogether, and to help the
implementation run as smoothly as possible, it’s usually recommended that companies
switch at a quarter-end or year-end. This isn’t a necessity, however. If it makes sense for
your company to implement a new payroll solution at a different time, just make sure to
ask your vendor if there are any special considerations that need to be kept in mind.
2. Evaluation Team
One of the most important decisions early in the process of selecting a new payroll
system is putting together the team who will help you evaluate your options. Make sure
that your team includes someone from every department that is a stakeholder in the
payroll process. That may include representatives from human resources (HR),
information technology (IT), accounting, and the executive team. When you select the
right team, you’ll be assured that you have all the buy-in you need when it is time to
purchase and implement the new payroll system.
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4. Functional Requirements Sage HRMS
3. Payroll Tax Management and Reporting
Payroll tax management is certainly a critical aspect of any payroll software, and plays
a big part in how successful the software will be at meeting your ongoing needs. When
evaluating software vendors, be sure to inquire about the process for updating tax table
information It’s most convenient for customers to receive updated tax table information
on an automatic basis at regular intervals, such as once a quarter. Also important to
consider is the method for distributing tax updates. Are they available on a downloadable
basis, or are they sent by mail? Overall, it’s important that tax updates are regularly
updated in a format that’s convenient for you. In addition to federal, state/provincial, and
local tax table updates, the software should also support supplemental tax tables, pretax
deductions, EFTPS (Electronic Federal Tax Payment System) and EFT (Electronic File
Transfer) support, and electronic media reporting for all states.
4. Security
Payroll systems contain extremely sensitive employee data, including social security
numbers and financial information. Because many employees prefer to be paid on payroll
cards or by direct deposit, your payroll software will have employee bank account
numbers, as well as banking information for your company’s payroll accounts. It is
absolutely essential that any payroll solution you select be protected by a comprehensive
yet easy-to-configure security system. Rules should govern who can see, modify, approve
report, or otherwise access information and no unauthorized person should be able to
obtain access.
5. Payment Flexibility
Your employees have different financial needs and goals. Offering them flexible payment
methods empowers them to better manage their finances and also affords your company
the opportunity to save on payroll costs. Direct deposit and payroll cards both cost
much less than printing paper paychecks. These methods also reduce the risk of check
fraud and eliminate the cost of cancelling and reissuing lost or stolen paper checks. The
ability to support all three types of payment allows your organization to be much more
flexible and effective on payday.
6. Employee Self-Service
A paycheck is an employee’s most important benefit, so it’s not surprising that payroll
generates a lot of employee questions. Employee self-service (ESS) functionality that
integrates to your payroll system can enable employees to review their payroll history and
access their paystubs. Choosing a system that supports ESS can help employees
find the information they need about payroll on their own and reduce the volume of
questions coming into the payroll or HR department.
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5. Functional Requirements Sage HRMS
7. Integration Capabilities
It’s important to think about the ability of the payroll software to integrate to your existing human
resource management system (HRMS) and general ledger software, in addition to any other
related applications, such as timekeeping or business intelligence systems. Can your payroll
system or service easily exchange data with a variety of other software applications, or is it a
struggle that involves manual import and export of the information you need?
In particular, consider the benefits of choosing a payroll system that includes integrated HR
functions as a built-in or optional component. Payroll, HR, and accounting functions have
tremendous overlap, and sharing the data ensures that all systems are in sync and using the
most recent and accurate data. There are many benefits of having integrated HR, payroll, and
general ledger systems, including:
• No duplicate data entry—Changes made to the database are made only once. This
eliminates errors and the need for duplicate data entry, such as employee, benefits, and
deductions into the HR system, and debit and credit payroll journal entries into the
accounting system.
• Less paperwork—When payroll, HR, and accounting data are stored in the same database,
you can reduce unnecessary paperwork. For example, if HR enters a new benefit for an
employee, the payroll deduction amount can be automatically established as part of the
benefit plan. There is no need to submit another paper document to the payroll department.
• Integrated reporting—Consolidated reporting is valuable to management, but is virtually
impossible without an integrated database and reporting tools, including built-in and
customizable reports. For example, management needs a report outlining each employee’s
“total compensation package.” This report must contain employee information, benefits data
from HR and compensation data including regular, overtime, vacation, bonus, commission,
and more from payroll. You can only create this type of consolidated reporting with an
integrated solution.
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6. Vendor Considerations Sage HRMS
8. Vendor Stability and Track Record
Payroll is your company’s largest expenditure, and is certainly the most visible business process
to your employees. There is no room for error when it comes to providing employees with their
paychecks. When choosing a payroll solution, it’s important to select an established vendor
with a proven track record in offering excellent payroll products and support. Consider the
impact of choosing a solution from a company that doesn’t deliver comprehensive tax tables in
a timely manner or offers technical support on a call-back basis. The resulting fines or late
paychecks could be disastrous to your company, as well as to your employees.
When evaluating the reputation of a potential payroll software vendor, it’s important to note how
long the company has been in business and the number of clients that use the software. This
is a good indicator of the quality of the product and service offered by the vendor. Additionally,
consider the types of industries the company serves and the size businesses served to
determine if the product will be a good fit with your organization.
9. Customer Support
Another factor that goes hand-in-hand with the stability of the payroll software vendor is the
quality of customer support offered. High-quality support is essential to ensuring a successful
relationship, so be sure to determine if the company will meet your standards for support.
Some questions to ask the vendor include:
• What professional payroll certifications or awards do the support personnel have?
• What technical support certifications or awards does the support organization hold?
• How many technical support reps are available?
• Is unlimited telephone support available?
• Is 24/7 self-support through a website available?
• What is the average response time of a technical support call?
10. Local Support
Local support for your payroll software is often an important consideration. It can include
sales support, installation of the software, and implementation, as well as ongoing support.
Travel expenses can be reduced or eliminated if a local representative is nearby and available
to implement and support the software onsite when needed. By going through a local
representative, companies can usually set up the software more quickly than going through
the vendor, which may be backlogged with other implementations. Having the support of a
local representative also allows you to develop a personal, one-on-one business relationship
that many companies prefer.
4
7. Vendor Considerations Sage HRMS
11. References
When selecting a payroll software vendor, it’s a good idea to check the references of other
companies using the system. Most vendors will make these references available to you, so
be sure to take advantage of this by calling several of them to discuss their experiences with
the vendor and the software. To get the most applicable information, ask your vendor for the
names of companies similar to yours. For example, talk to references in the same or similar
industry in your geographic area with a similar company size. You can also request references
with similar payroll needs, such as specific options or features that you’re considering.
Implementation Planning
12. Hardware
Hardware requirements are an important consideration when selecting a new way to process
your payroll. Will the IT department have to purchase any additional equipment in order to
support an in-house software solution? Or does the software run on operating systems and
hardware that the company already owns? This is a key area to consider, especially when
deciding whether to replace an outsourced payroll solution with an in-house payroll software
solution.
13. Data Transfer and Conversion
Consider how data from the existing system will be entered into the new system. Will the data
need to be manually entered, or can it be imported? It’s especially convenient if the vendor
offers an easily customizable link to transfer data from one system to another. This often
involves setting up “translation tables” in the link template that equate fields in the old system
to fields in the new system. Once the data is transferred, it’s necessary to verify that all
information is correct. This can be done by running reports from both systems and comparing
the results.
14. Implementation Resources
Consider who will be performing the installation and setup of the new payroll system. Does the
vendor offer implementation and consulting services? Will you need to choose a reseller?
It’s important to keep in mind the amount of manpower typically required during a software
implementation. Don’t underestimate the amount of time and resources you’ll need to ensure
a quick and accurate transition from one payroll system to another. You may need to hire a
temp to perform data entry or require your employees to work additional hours to analyze
reports for accuracy while performing side-by-side processing of your new and old payroll
systems.
5
8. Implementation Planning Sage HRMS
15. Side-By-Side Processing
After the implementation of the new system is complete, most companies check the accuracy
of the new system by running both the old and new payroll systems parallel for a period of
time. This period is up to the discretion of the company—it can be one payroll run, a month, or
three months. Again, accuracy of data can be determined by running the appropriate reports.
In particular, cross-referencing the numbers on payroll history, check history, and earnings,
deductions, and tax reports is a good way to determine if everything is set up correctly in the
new system. Discrepancies can often be traced back to outdated tax tables in the old system,
inaccurate translation tables, or slightly different pay groups.
Conclusion
When selecting and deploying a new payroll processing solution, there are many factors to take
into consideration. One of the most important of these is choosing a vendor known for experience
in the payroll software industry with a reputation for reliable business solutions and world-class
customer support. For more detailed vendor information, please see the About Sage section on
the following page.
6