Payroll Management

Why Payroll Management ?

Cost-Saving and Efficiency
Efficient payroll systems save time and money by ensuring that
paychecks go out on time without discrepancies.

Compliance
Crucial for companies to ensure that they are following local laws
and provide proof of compliance.

Growth
Helps to focus on planning . If problem does arise, the systematic
record-keeping allows it to be resolved quickly without taking
up too many resources.

Morale of Employees
Employees need to feel assured that they are paid on a consistent
and timely basis. Late, and inaccurate payroll might cause
employees to question the financial stability.
Payroll Management Challenges
Accuracy
Generally payroll is a batch process where updates happen on a
weekly or monthly basis. But historical information is also
important. Payroll systems should be able to provide accurate
information about both present and past payroll processes.
Higher Costs
For acquiring a payroll system and implementing it, an
organization has to make a significant investment. The business
has to ensure that maintenance costs remain low and technology
upgradations happen at an optimal fee.
Safety and Security
Breaches in payroll confidentiality can have adverse effects on
business.
Taxation-Related Issues
Tax rules are dynamic and keep changing. Regular updates are
required to ensure that employees’ salaries are taxed correctly.
 Payroll Management - Features
• Option to set up any number of pay structures; name it according to
the organization culture. Along with pay structure, leave package
and holiday packages need to set up.

• Tag each employee with leave package and holiday package and it
results in calculating salary accurately and quickly based on real
time data points. The system captures overall attendance and
calculates salary on daily or weekly basis.

• Cloud based application and no need to buy the software but can
subscribe based on number of users/employees. Great saving in
investment.

• Processing salary in a few minutes irrespective of number of

employees, and makes the payroll management super easy.

• Admin can activate the option of Approval for any change in Payroll
to prevent erroneous changes in salary structure
 Payroll Management - Benefits

• Work out payroll calculations and

deductions quicker
• Generate accurate pay slips
• Calculate bonuses, expenses, holiday pay,
etc. with minimum effort
• Automate certain tasks, such as year-end
reporting
• Store data such as pay slips and annual
reports in a secure, easily accessible system
• Provide additional data and analysis
supports to make the payroll information
more useful to your business.
Register for Now!
www.smartadminmanager.com
Click here and Register free

Enjoy 30 Days FREE Trial with

Invoice Management
Client Management
Timesheet
Payroll Management
Project Management

If any issue in installation, please send an email to

info@smartadminmanager.com or call us 953 – 807 - 6063