For business spread over different locations, payroll management can prove to be
a daunting task. Moreover, when geographical locations are bifurcated in terms of
national and international boundaries, payroll management becomes an altogether
difficult process as different factors such as time zones etc. have to be taken
into consideration. The various components of the payroll such as the basic pay
and other computations based on the employee claims, slab based calculations of
salary should be known of the employees working in different geographical locations
to compute salary accurately. All this information has to be computed in a logical
manner. There are rules needed to be followed and the exceptions too have to be
taken into account.
We offer advanced payroll processing solution that assists managers in easy calculation
and management of payroll. The HR employees can also easily optimize in-memory and
hard disk space for easy management of payroll. Our elaborate HCM software on cloud
facilitates easy and quick payroll management. The software provided us comprises
of an In-Memory Processing Engine dubbed as HCM Minnal. This processing engine makes
processing of salaries less time consuming and thus the HR department can pay equal
attention to other tasks. It increases the productivity of the employees and improves
their efficiency in the long run. This has been possible with the HCM on Cloud software
that automates the entire process of calculation of salary and payroll management.
Our software not facilitates easy payroll management and calculation but also helps
in time management. Efficiency is related to efficient time management. Quick decisions
are needed to be made to tap the opportunities available in the dynamic market conditions.
Thus, managing time is one of the factors that contribute in the success of an organization.
Every business aims to minimize costs and make optimum utilization of resources.
Our Payroll processing software is embedded with an in-memory optimization engine
which rapidly increases the processing capacity by 100 times. Thus, organizations
can expect fast payroll processing solutions. The software processes all the actions
in the memory at a lightning speed and saves a lot of time which can be diverted
to other activities as well. The technology used in software targets each problem
area, monitor events and assist in taking decisions from the process model in real
Online24x7’s HCM on cloud software assists in easy payroll processing across
different countries. Our payroll processing software takes into account the fixed
and variable compensation model for calculation of accurate salary. It also manages
the functions pertaining to the logistics department as well such as that of production
planning, inventory management, forecast planning, material requirement calculation
etc. The software also enables in great planning related to order picking, transport
and warehouse planning. Other functions performed with ease with this software are
labor management and their shift planning; their overtime etc. can be done with
ease. Vehicle allocation, route optimization, selection of the carrier to achieve
optimum utilization of the transport system etc. too can be achieved with the help
of this software. Yard management, wagon scheduling, terminal operation management,
inland container depot, container rail movement-all the functions and planning pertaining
to logistics can be done with great efficiency with the help of this software.