What is Payroll Management System?

by Sonali Mishra Human Resource Executive

Payroll management system is a collective process consisting of several other modules of HRMS and can be used by organizations of all sizes to manage payroll processing. A software which manages salaries, TDS, PF, EMIs, bonuses, etc. as a cohesive mix is payroll management system, and automation enables a clear-cut and seamless functioning. A modern payroll management system entails of the following components to ease the HR team functioning:

Payroll Compliance in association with ESI, PF, professional taxes, labour welfare fund, loans, EMIs, etc.
Automated Payslips
Slab allocation as per the CTC
Preview payroll before final run
Paperless and hassle-free functioning
Seamless integration with other HRMS modules like attendance and leaves, etc.
Fully automated HRMS solution with availability on-cloud.
Organizational size adjustable
Zero ambiguity
Dedicated managed services

SHRMpro is designed to stay relevant to the organizational needs of running an impeccable, error-free payroll for companies of all pursuits and sizes. HR teams are sure to have comfortable time with handling most critical to the easiest of issues with an all-inclusive HRMS solution known for its Payroll Management solutions par excellence. You need to use it to believe it. Call for free demo today!

Source: What is Payroll Management System?