Automated Payroll Processing Solution
Automation powered Payroll Processing
Managing payroll is not an easy job for any payroll executive. Gathering inputs from multiple sources and calculating the salaries, incentives, deductions, leaves and work hours is a hectic and monotonous task to be done.
The greatest issues are staying compliant with the new tax laws and the need to gather various payroll inputs.
Key Challenges: Payroll Processing
Financial Leakages
Multiple Input Sources
Multiple Payroll Cycles
Incorrect mapping of work hours, leaves, employee exits and relevant approvals results in unexpected leakages resulting financial burdens on the organizations
Different business units track employee data and approvals differently. Sometimes due to business requirements. This results in mapping of employee data correctly, a tremendous challenge
As organizations are moving towards multiple payroll cycles in a month, this brings additional pressure on payroll executives to process payroll correctly during each payroll cycle
RPATech brings automation to Payroll Processing
Our automated payroll processing solution has been designed to automate all key payroll requirements while minimizing leakages, improving efficiencies and reducing costs and manual efforts by 80 percent Some of the key features of our automated payroll processing solution include:
Connectors of multiple data sources for collating payroll data
A powerful and customizable rule engine to process payroll
Approval/ Rejection Workflow
Daily attendance/ employee MIS
Benefits
Improved Accuracy
Minimal Human Intrvention
Audit Trail and Governance
With minimal human intervention, accuracy is increased by 95%
With highly accurate tracking and compilation of data, payment leakages are minimized resulting in great cost-savings
Complete audit trail the process for governance
Reduced TAT
Quick ROI Realization
80% Reduction in payroll processing time
With employees focused on value-driven tasks and less spend on expensive multiple ERP licenses, typical ROI realization is less than 6 months