There’s no doubt in the fact that financials matter a lot for any small business. And while large financial transactions often matter the most in any business, entrepreneurs and managers can’t ignore the importance of payroll as well. It’s a regular expenditure, and the motivation of your workforce depends on it. Therefore, you can’t afford to mess it up, especially if you’re a small business.
Proper management of payroll processing requires a good software solution. And while there’re separate payroll processing services and software products available in the market, having a dozen different software products/services managing your HR does nothing instead of making things complicated.
At this point you may be wondering, isn’t there a simplified yet expedited way of doing it? Well, there certainly is, and it’s called HR-One.
What is HR-One?
It’s a great HRMS software whose functionality can be extended with different modules. You need recruitment help? There’s a module. You need helpdesk? There’s a module. Similarly, they’ve a payroll processing module as well – so if you implement their software, you don’t need to rely on a separate HRMS payroll software.
So, now it’s clear that HR-One can act as your payroll processing software. Now let’s see what it can do for you.
Why HR-One: The Benefits
HR-One’s Payroll Management module can help you with virtually every task related to employee payments. Some of the tasks that it can help you perform efficiently and effectively include:
- Tracking work hours,
- Calculating compensation according to those hours, and;
- Withholding all the taxes and deductions.
It has got many great features to help you do these things. For example, it allows you to:
- Define multiple salary structures according to policies of your company;
- Calculate and disburse salary along with its various components;
- Create error free statutory compliance reports according to your industry.
These features are presented to you on foundation of such a great HRMS software that you can utilize each of them effortlessly.
Mistakes in payroll processing may turn out to be too costly for any business, so you must have a great software managing it for you. And not just any software, because you don’t want a complicated maze of different HRMS solutions as well.
For these reasons, HR-One can certainly be the best choice for your HRMS payroll software because it has got features to save you from both these problems. You should try it today to simplify and expedite your company’s payroll processing.