Can Ascent Payroll Software Be An Effective HRMS? The modern era is very much a technology-assisted one. Whether it’s something as mundane as checking for directions or complicated as maintain databases, the software is the guiding light now. With so much reliance on IT solutions, it’s obvious there is plenty of innovative software in the market for employee management. Is this happening in your company too? If so, I suspect there are many challenges faced by your employees, managers, HR and management. One cannot deny the importance of payroll management systems. Managing a company’s external and internal aspects together builds up progress. The role of payroll management software is not restricted to just paying salaries anymore, it is now capable of managing a host of objectives encompassing the finance department, statutory compliances and HR Departments itself.
Features Of A Ascent Payroll Software Ascent Payroll software system is widely acknowledged as the best payroll management software in India. The following are just some of the functions that you can enjoy with a good payroll management system:
Fast and efficient processing of payroll
Management of reimbursement claims and loans
Easy to view, access, and print pay slips
Customized payroll reports as and when required
Compiling statistics and reports
Payroll software typically manages only a small number of accounts or HR departments and does not include employee access.
Features of HRMS Since the Eilisys HRMS software is accessible by all employees, security and access controls and usability is extremely important feature that must be built grounds-up in the software.
Human resources software is used by organizations to combine HR functions such as employee data storage, payroll management, recruitment processes, benefits management and attendance record tracking.]
Ensure that human resources processes are managed and accessible on a daily basis.
Other leading HRMS software would further offer functionalities such as
Employee portal Workflows for different approvals Document storage Recruitment and On boarding Exit management Performance management Skill and Training management
How did payroll start acting as a HRMS? Companies should handle payroll on a regular basis. To do this, they bought payroll software from professional payroll companies. As part of the payroll operation, the company provided new and retired employee information, address and dependent changes, time cards, benefits and other information that could affect wage or withholding calculations. Managing all this data was tedious, so the payroll provider started building additional functionality and a simple payroll started the role of HRMS.
Challenges faced by customers when they use Payroll as HRMS To begin with, a small set of administrative level employees were expected to use the Payroll software. These users knew the compliance rules and were able to easily manage software. Security requirements are minimized, no workflow is built in and no usability testing has been done. Each of these features has been repeatedly added to the payroll software according to evolving market needs.
Managers, who need to use HRMS for crucial employee-related decisions find that reporting and analytics are complex and unintuitive. Key employee development and participatory initiatives are often behind the scenes due to these inherent limitations. People go back to using Excel sheets to make these decisions. Overall, the experience of using the Payroll as HRMS leads to dissatisfaction.
What is the approach moving forward? Payroll processing is a small part of the entire area of employee data management activities. Allowing payroll software to manage employee data may be the only option initially available, but it is no longer. With availability of Eilisys HRMS software, that can easily integrate with any payroll software. Ascent payroll processing software has emerged true on all requirement, is robust enough to take care of any scale of operations and is extremely accurate, fast and above all customizable to the needs of the particular organization. No wonder Ascent Payroll Software is the preferred choice of over 930 organizations, big and small, and is used frequently by over 500,000 employees for managing their payroll related queries.
Contact Us Address - Office No. 602, Kapil Zenith, S. No. 55, Behind Maratha Mandir, Bavdhan, Pune - 411021. Email Id - sales@eilisys.com Phone No. – +91 20 6729 5300 Website - www.eilisys.com