Payroll Module

Automate payroll processing

The Payroll Module supports automated calculation and processing of monthly salary based on complex salary models and calculations, with flexibility to incorporate specific country regulative for tax requirements, employment type or any other parameter.

In integration with the HR Module, the Payroll Module automatically generates employee data based on employee agreement details, with consideration of salary allowances and deductions to be included in the salary calculation.

The automated monthly salary calculation besides country-specific regulative for gross salary, can include client-specific rules as it is health insurance and pension insurance rates, daily effective work hours, number of workdays, income tax exemption and any other parameter, all presented in the required format that based on the Public Revenue Office.

After the calculation is generated, the transactions are automatically processed in the General Ledger Module, on predefined posting accounts. Summarized results can be conveniently analyzed in predefined, structured reports containing comprehensive information about processed salaries in period, per branches, municipalities or if there is any need for additional parameters analyzes, new reports can be flexibly defined with the integrated Dynamic Report Generator.

Key Features

  • Automated Salary CalculationMitigate risks of manual errors and improve time management techniques with automated employee salary processing based on key performance results, attendance record, sick leaves, and include any other type of parameter needed.

  • Adaptable Salary FormatFlexibly adapt the reporting format according to the specific requirements of your Public Revenue Office and/or correspondent bank, and be sure to deliver accurate monthly salary files.

  • Minimized PaperworkMinimize generation of physical documentation within the organization, with automated payroll processing workflow and electronic archiving of created files in the process of updating or modifying payroll calculations.

  • Flexible Data ComparisonMake decisions based on facts and analyzed data, compare results in periods and perform detailed analyses of labor expenditures with standard and flexibly defined reports containing consolidated data.

What
clients say
  • "ASPEKT’s leasing system is a very convenient system with automated validations that limit any possibility for manual errors and now my daily operations are highly simplified as I don’t have to worry about making mistakes in calculations or assigning assets that are not available." - Lease Officer / Specialist
  • “Aspekt Leasing Software shows high performance in optimal infrastructure environment and I’m sure the system will be able to scale up without compromising the operational functions.” - System Administrator
  • "Aspekt Leasing Software offers direct performance preview, allowing me to analyze performance results per employee and manage the sales process so that all my employees are maximally effective and fully dedicated to work responsibilities." - Branch Manager
  • “We needed a system that is able to respond to the evolving regulatory environment, changing risk management procedures and addresses the ongoing operational costs with high control efficiency and we are happy to confirm that Aspekt Leasing Software delivers unlimited operational cost and risk benefits through our daily operations." - Risk Manager
  • "The use of Aspekt Leasing Software has greatly improved the process of servicing our customers. We are able to form sales policies that meet their expectations in continuity and deliver on-time and quality support.” - Operations Director
  • “At the end of the month I can conduct full financial review and generate reports for external reporting, as all the transactions are automatically posted and matched, and if there is a need for transactions correction, it can be automatically executed and the changes are presently visible in reports.” - Accounting Officer
  • “We can easily focus on improving the quality of our customer base and analyze the results received from sales when combining offer conditions that will best match the most profitable customer segment and create win-win situation for both parties.” - Operations Director
  • "From the beginning, Aspekt Leasing Software was successfully aligned with our growth strategy and helped us continually increase sales volumes and surpass predefined targets by offering endless flexibility and incorporation of changes." - CEO
  • “Generating invoices with automated operation eliminates the need for manual interventions and gives us more time to concentrate on analyzing financial results.” - Accounting Officer
  • "I’m able to control all internal processes directly from my office by spending minimal time for communication with colleagues and sharing thoughts on any kind of issues that may arise. " - Internal Audit