Business environment in 21st century has become intensely competitive and complex. This has forced companies to outsource their many business processes and concentrate on core competency. However, there are certain activities that companies want to keep with themselves as it is considered to be integral part of the company’s existence. Employees are one such part of organization and their welfare and growth is critical from business continuity perspective.
Keeping in mind the complexity of tax calculation, various regulatory formalities and salary component variation, many companies are looking for a one-stop solution that can take care all of it. Intelligent system has developed a payroll software solution – IntelliPay that is suitable for all your salary processing needs.
Payroll software solution is a state of art graphical user interface based Payroll management Systems Software designed to take over the pressure monthly payroll processing away from your personnel/finance department there by assuring that people concentrate on more important work i.e. business of your organization.
The complete payroll software solution make this complicated function look much easier. The software is user-friendly, with user-definable preferences like Salary Heads and Salary structures, huge library of periodical statutory reports required under PF & ESI, TDS Law, Advance Register, Leave Register, flexible reporting and many more.
The term 'payroll' encompasses every employee of a company who receives a regular wage or other compensation. Some employees may be paid a steady salary while others are paid for hours worked or the number of items produced. All of these different payment methods are calculated by a payroll specialist and the appropriate paychecks are issued. Companies often use objective measuring tools such as time-cards or time-sheets completed by supervisors to determine the total amount of payroll due each pay period.
Business payroll software can be used to standardize the way a company handles the calculation and processing of its payroll. Business payroll software can be used not only to calculate money due to employees, but also to provide for the easy keeping of accurate records. Essentially, business payroll software can help to streamline the entire process, making the task of processing payroll less time-consuming and cumbersome.
