Benefits of Payroll Software

5 Ways Payroll Software can Save Your Money

Saves you from hiring additional HR

Many companies hire contractual employees during the holidays and during annualization. Others increase their team size permanently, spending on training and on-boarding. The good news with IntelliPayroll software is that it will eliminate the need for additional employees and, therefore, save you thousands of rupees on additional wage and training.

Saves you from paying additional fines due to Missed Deadlines

Missing compliance deadlines and paying fines has been the norm for many businesses that process payroll manually. IntelliPayroll software offers the benefit of instant processing, both of payroll and all other government requirements so that you are on time, every time.

Reduces money spent on Wrong Computations

Wrong payroll computation is one of the common money leaks in a business, and most employers are unable to notice this. When work is overwhelming and stress levels are high, your employees are prone to making more mistakes when computing payroll. IntelliPayroll software can help you reduce mistakes, increase the satisfaction level of employees and reduce attrition.

Saves you on HR's overtime pay

If your payroll team has to always go on overtime during the payroll period because of too much data to work on, IntelliPayroll software will eliminate that. Now you can process payroll in a few minuteswith no overtime involved - it will automate the entire process!

Reduces the possibility of Data Loss

Files getting accidentally deleted, computers malfunctioning, your system crashing - these are common causes of irreversible data loss. And when data loss happens, this is often followed by a great expense on data retrieval or reconstruction. IntelliPayroll software will eliminate this problem. Data can be stored on server or cloud, and it’s safe from both unwanted access and loss.So save money, be 100% compliant. IntelliPayroll software can generate Salary Slips, Form 16, PF ECR, PF KYC, ITNS 281 challan, 24 QR, online ESIC statement on a click.

Payroll Management Software

Human resource is important to any organization and to keep them happy and upbeat is the job of the HRD and if HR department is busy in calculating payroll, and salary related work then it takes a hit on the overall health of the organization. By saving time the HR is now more dedicated to other core areas of HR like recruitment, appraisal, employee motivation programs and other productive activities.

Payrollsoftware has taken burden off the HR shoulders and made payroll very easy task and "anybody can do" task. Payroll Software many times also referred as salary calculator not only helps in payroll related tasks but also assist the finance department of the organization with various reports. These reports help in determining the payroll outgo department wise/ branch wise/ employee type wise etc. Payroll software has taken burden off the HR shoulders and made payroll very easy task and "anybody can do" task. Payroll Software many times also referred as salary calculator not only helps in payroll related tasks but also assist the finance department of the organization with various reports. These reports help in determining the payroll outgo department wise/ branch wise/ employee type wise etc.

Leave records are mandatory to be kept as per government regulation and for this employer needs to maintain leave records for each employee on an annual basis and for each employee in the organization on a monthly basis. On top of this leave encashment is to be done on the payable days monthly or annually. These activities drains out HR's energy and the HR takes a lot of time to do these non-intelligent and non-productive tasks manually. A good payroll software helps in all this, it will automatically leave record of each employee and generate monthly leave report as per rules and thus HR's time is saved.