In this electronic era, where critical business functions are moving away from the past paper processes, it’s time to bid adieu to the paper paycheck and use paperless payroll, which is both cost-effective and time-efficient. An efficient online payroll solution can help streamline processes and decrease payroll costs. Let’s take a closer look at what greytHR brings to the table.
The payroll solution can be used both by the HR & Accounts department of the company to perform HR/ Payroll tasks online. Here’s an overview of what you – as the business owner, can achieve.
Setup Payroll
Based on how simple or complex your payroll processes are, you can use greytHR to set up various options/parameters that the online application uses to automate the processes. For example, you can list your employees by generating unique employee numbers, group them based on their employee status (on probation, confirmed) or position attribute types. You can even create employee categories such as Grade, Location, Cost Center, Department, etc., to group them based on common attributes.
Inputs for Payroll:
Managing Employee Information, arrive at payable days, leaves, one-time payments, etc. are some of the monthly transactional HR tasks. Having a clear overview of this information is a crucial payroll task. With greytHR, you need to worry about manually preparing these inputs and passing to the Payroll Processor. HR to Payroll end to end automation can be achieved.
Payroll Process:
greytHR has simplified this by introducing a checklist driven process. That reminds the processor, updating employee info, handling employee salary revision, paying arrears, deducting LOP, updating employee PAN number, stop payment information and then perform monthly actions like processing payroll, generating payroll statements, verifying payroll differences, emailing payslips, etc. The payroll process is at your fingertips, and cloud technology made geographical proximity a myth. You can access the software and methodology anytime, anywhere.
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MIS:
Preparing Payroll MIS is not a nightmare anymore. Statutory Reports and Statements are an integral part of your payroll tasks. Be it reports and statements related to payout, payroll control, PF, ESI, Profession Tax, Income Tax, loan, reimbursements, leaves, or management reports, and you can now handle them all with ease using greytHR. What’s more, you can leverage the application’s Query Builder to create user-defined and ad-hoc reports and pull out any data stored in the application.
These and many other user-friendly features form the USP of greytHR, ensuring speed, efficiency, and cost-effectiveness of your payroll process. So, go green, in addition to encouraging transparency and boosting productivity.
Get to achieve 100% paperless payroll operations.
