What is Payroll Management System?

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?