Features Associated with Payroll Software

A Human Resource Management System is a combination of systems and processes that connect human resource management and information technology through HR software. An HRMS may help to revolutionize a workplace. The automation of repetitive and time consuming tasks associated with human resources management frees up some of the companies most valuable employees and allows the focus to shift to culture, retention, and other highly impactful areas.
Running accurate and timely payroll consistently is a mandate, and the challenges surrounding it continue to be a hindrance to not only payroll but HR professionals as well. Understanding the key challenges and ensuring your organization is properly prepared to deal with them – is critical. With automation you can remove the mundane tasks associated with importing and exporting, you can reduce your time spent on entering information and eliminate work-flow struggles to improve operational efficiencies. The beauty of an automated integration with your payroll and general ledger platforms is the data flow. Once the automation is in place, you don’t have to do anything else.
Beehive is India’s best payroll management software. It’s unmatched in its simplicity and tackles all aspects of the payroll process. Below are the features associated with Beehives’ Payroll Management Software:

  • Payroll & Taxation
  • Simple tax declarations
  • Easy expense claims and reimbursements
  • Benefits Management
  • Compliant with Indian statutory laws
  • Detailed analytics and MIS reporting
  • Seamlessly integrate with other Beehives’ modules
  • Custom built integrations available
  • Flexible compensation structure (Benefits/Allowance Management)

You may be amazed at the benefits that integration of your HRMS and payroll management software can have on the organization. The following are a few advantages that you can expect to see when you decide to go for a single provider for both your HRMS needs and payroll processing.

  • No Need for Double Data Entry – If your payroll management software is connected to your time and attendance tracking, employee database, and other information systems, the information can be seamlessly moved back and forth in the system without the need for double data entry.
  • Allows better and Faster Reporting – Organizational data grows on a daily basis, so it can be tough to pool relevant data together to glean actionable insights when a disparate payroll management software is being used. Having all of the information available within the HRMS means that reports can utilize that data and cross reference it with other data to compile analytics that can be used for improvements.
  • Environmentally Friendly Solution – If any aspects of your payroll are still being done with paper, integrating your payroll management software with your HRMS may help to reduce the paper load
  • Improves Communications and Teamwork – When time and attendance, payroll, employee records, and other HR related needs are managed through a single interface, it can improve communications and teamwork
  • Can Help with Employee Empowerment – When payroll is integrated with a HRMS that has self service options, employees can view their payroll information at their leisure.
Beehive’s Payroll management software has opened new ways of progress for organizations all over India. Beehive’s Payroll management software permits you to efficiently and accurately pay everyone in your entire workforce—no matter their current locations. Offer you more proficient ways to switch all of your employee-related activities. Choosing the right payroll software can save your time, efforts and increase productivity becoming organization’s unique asset and your best friend.