Payroll is an important activity in any organization. Payroll software has been specially designed to provision the automation of the payroll system. With our payroll software, it is possible to maximize the potential of payroll through timely and accurate salary processing, efficient handling of reimbursements, loans & advances and Government of India statutory requirements including all PF, ESIC and TDS. In a globalized organization the impedance of federal and state government laws need all employers to comply with wage and hourly standards to ensure all employees are paid salary on time.
The Payroll Software developed by XIPHIAS is resourceful software that provides a hassle free process towards organizing the payroll functions in to a GUI interface that is easily manageable. The payroll software is initially configured to segregate the payroll process on basis of the Company and its branches The software utilizes the input of entities within Company's hierarchy along with the salary structure decided as per the management's recruitment decision as the point of inception. The smart system generates all the updated payroll information for the individual. This process is adept in categorizing the information generated as per the user's needs. The software provides a module wise access to payroll processes.
Two of the most important departments within any organisation are the HR and Payroll departments. The integration of the two departments to work in tandem is vital to the success of operations. The Payroll Management Software utilizes its simple to use interface and provision features to carry out day to day HR and Payroll activities. The direct impact of electronically manage all activities is reduction on administrative work loads. One of the highlights of payroll management System is the integration of Attendance Management software at absolutely no extra charge where in the login time and the logout time of each employee within the organisation can be recorded and collated as per the number of hours to facilitate in generating salaried working hours. The payroll management system can be integrated with existing attendance management processes/software and will have provisions to supersede or disengage with a click of button.
Wage categories define the various types of remuneration employees receive as a result of their employment by your company. Wage categories include cash payments paid by the company in the form of salary and wages, some types of payments made by the company that benefit the employee, cash the employee receives from others such as tips and any other type of income an employee may realize as a result of his employment that may subject to some tax.
Payroll Management software ensures all effective deductions in calculating net pay to the employee with input of gross pay. The necessary deductions are fed into the payroll software to be fixed as per company norms. The payroll software has provisions to include or exclude fields as per the benefit scheme of the business for its employees.
Employer expenses are incurred by the employer in the course of paying wages, salaries and benefits to its employees. They are the overhead costs associated with payroll. Setting up employer expenses may involve linking to wage, tax and deduction categories. To the extent possible, these should be set up prior to defining employer expense categories.
Leave management provides for automation in leave or holiday pay management. The payroll software allows the user to predefine annual leave available to an employee. Deductions to the total allotment of leaves can be managed for yearly as well as monthly schemes. Segmentation of type of leave can be made and individually managed in addition to the provision for balance holidays and carry forward to next calendar year
Loan Management functionality of the XIPHIAS Payroll Management Software allows the user to maintain a database of all information pertaining to loans taken by employees. The system allows the user to define and also modify the Loan name. The calculation's required for interest and Emi options can be carried out automatically once the preliminary data has been fed to the payroll system. The software has the facility to generate reports to reflect on the entire database or individual profile.