What are the Benefits of a Payroll system for your company?

Let it be a start-up or a full-fledged running big company, payroll management is a matter of utmost importance. The right maintenance of the payroll will help estimate the annual budget and also show the possibilities of future expansion. The payroll system software is what most companies are looking for nowadays instead of manual bookkeeping. A payroll system comes up with a lot of benefits like.

  • Payroll Management.
  • Expense Management.
  • Benefits Management.
  • Income Tax Filing.
  • Tax Compliance.
  • Payroll Reporting.
  • Time and Attendance Tracking.
  • Leave Management.

Megatherm ERP comes up with automated payroll software which takes care of all the above-mentioned points as well as others.

calculate bonuses, expenses, holiday pay, etc with minimum effort: Correct attendance tracking features help on-time salary release and thereby takes care of employee well-being.

  • store data such as payslips and annual reports in a secure, easily accessible system: this feature helps plan future recruitment and company expansion
  • Restrict un-planned expenses:  Megatherm’s payroll system provides detailed tracking of all expenses and restricts un-identified expenses and payments.
  • Relief from regulatory aspect: the in-built database helps plan any expenditure keeping in mind the regulatory aspects.
  • User-friendly: Megatherm’s ERP payroll software is extremely user-friendly and can be used by all, thereby making it a popular choice among most companies.

Payroll software is of great utility as seen and thus it is no doubt why it is gaining such popularity and importance in today’s world.