Learn about Payroll Management & Processing
What is it?
Payroll management is one of the most essential functions of a human resource department. And in a digital world, automation is key. Payroll management begins with streamlining the structure of payroll to the disposal of pay to an entity’s work force and concludes with adherence to compliance requirements. The central function of payroll software, management and processing tools ensure all employees are accurately compensated per their employment arrangement.
Payroll processing is done through the use of Employee Self Service (ESS) portal. The software factors in compliances viz., withholding taxes, tax planning, bonuses, deductions and monthly contributions for PF & ESI and insurance. Moreover, Management can view all processes in a dashboard setting including analytical capabilities along with data visualizations. A business can use payroll insights to evolve policies over time.
Service Offerings – Payroll
End to End solutions in Payroll
- Annual structuring of salaries for achieving tax efficiencies as per applicable tax rules
- Monthly processing of payroll
- Generation and transmission of pay slips
- Monthly reconciliation of payroll with disbursements
- Monthly filings with respective authorities for tax deducted at source, provident fund, ESI and professional tax
- Quarterly filings of TDS
- Annual generation of Form 16
The payroll services are offered through our partnered Employee Self Service (ESS) portal.
Key Benefits of Oremus ESS
Processing your payroll and managing employee records through Oremus ESS on the internet is a cost effective and practical way to manage your payroll. You get the advantages of:
- No capital investment – only an amazingly low monthly operational charge
- Quick start in hours using upload tools
- No hardware or software needed – only a PC with a net connection
- No upgrades – the latest version is always available
- Statutory compliance and data saved locally for anytime access
- Accessible from multiple locations by multiple roles anytime and anywhere
- Expected to become the standard method to process payroll
Apart from the online payroll processing capabilities offered by the Oremus ESS platform, there are some significant value-added features built into the ESS
Oremus ESS automates the following manual HR functions
- Payroll processing
- Leave management
- Loans and advances
- Ability to view Income tax declarations by employees
- Employees can view & print earning statements for current calendar year
- Employees can view their information at home or at work over the Internet or a company Intranet