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.
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.