Payroll Management System
Here’s the reason why do you need B360° Online payroll software for your beautiful business run easily.
- Efficient Usage of Time
- No More Errors
- Customization to Fit Your Business Needs
- Employee Portals
- Easy Integration and Access
These are some of the common reasons, but there are hundreds of technical reason for using payroll software.
To ease the payroll needs like registering, keeping track of payments and updating employee information etc, the payroll software plays a very important role. One of the benefits of using payroll software is that its total life-cycle cost is much lower and managing the time, work efficiency, size of the organization is done effectively.
A FULL SERVICE PAYROLL SOFTWARE INCLUDES
Business Productivity- As the whole process is done through the internet there is less time- consuming. Accessing and Flexibility increase automatically. Hence there is a rise in more productive work which results in the growth of any business.
Safety of Employee Details- Payroll information is sensitive. It needs to be kept safe to protect both the business and the employee’s details. Using the right online payroll software provides an extra layer of security. It prevents the exposure of data, as it is stored securely with limited access. The integrity of the security measurements must be met while choosing a proper “Payroll Software”.
Support & Service 24/7 – Things happen and cloud payrolls be run at not specific times. Run any time anywhere in the world. Customer service, ability to handle the threats, responsive and need must be given top priority.
Integration- Online Payroll Software should be tailored to the business needs. Integrations (also known as APIs) also help to connect the payroll software with other tools like time-tracking and scheduling. Features that will collaborate with other resources are another way to take the administrative pressure off.
Stay Compliant- Staying up-to-date on all the rules and regulations in each and every field of business is time-consuming. For automatic software updates, reducing the risk of errors and built-in analytics automated and connected B360° online payroll software will provide prospective compliance.
Meeting the Basic Needs- Determining the basic needs which are effective for the growth of the business. Choosing the right and optimized cloud payroll software is quite necessary. Basic payroll software needs are:
- Time and Attendance tracking
- Payroll tax filing, deposits, and status
- Employee accessibility
- Salary Credit and Deductions
- Form Printing
- Social Security
Choosing the Pay Period- To set up the payroll software, there is much need to set a pay period. A pay period is how frequently payment is done for the employees. Examples of a pay period include paying the employee’s daily, weekly, and monthly. If there are any changes in pay periods, it’s important make sure employees are properly compensated. Depending on the preferred country and state laws, regulations, pay periods of the employees differ.
Make the running of B360° cloud payroll system lot easier switching to the payroll software which can help to cut stress, save time, less burden and meets the present and future needs.
Leaves management. The module allows employees to submit leave claims and monitors their leave balance, while managers can review such requests and notifies employees of approved or declined claims. The module also calculates accrued leaves for wage calculation.
Report: Whether payroll is attached to HR or accounting, payroll automation can customize reports based on rows & columns, fields and other rules. You can define what items go into a report, for instance, payslips, benefits, expenses or current or historical data. Generating recurring reports is easily standardized and scheduled with smart alerts.
Pay slips: This salary slip B360° cloud payroll management software helps you to generate pay slips so that your employees and company can keep the payment records.