If you are still using
paper and calculator to prepare the salary of the employees then you
are wasting your valuable time and missing the benefits of biometric
attendance systems. In this era of modern technology, monitoring
attendance of each employee to payroll activity has become seamless.
The biometric attendance systems and payroll software are suitable for different kind of
setups. Whether you are running a big or small company, a lot of data
is generated for payroll processing. At the end of the day, it seems
hectic to manage all the paper works and mind-boggling calculations.
The manual processing of the time sheets is time killing and there
always remains more probability of human errors. But, implementing
the biometric time clock and payroll, it becomes quite easier to
process the salary of the employees. Consuming lesser time than
normal, you can generate different reports for record maintenance.
Biometric Attendance System |
With Biometrics attendance
system, you can easily manage the presence of employees in office for
the work, while keeping track-record of arrival, departure, late
arrival, over time and much more things for each employee. A detailed
report is generated with a simple click of the mouse. While the
payroll software helps to calculate the salary of an employee
flawlessly. Payroll Software helps to provide the complete financial
information of any employee with ease, including any kind of other
benefits like EPF, TDS, ESIC.
Payroll Software System |
Different sets of reports
can also be generated depending on the requirements like Salary
Summary Report, Overtime Payment Report, Taxation report, Yearly
summary and other reports. Whereas salary-slips can be generated for
individual employees detailing his salary break-up.
There are several benefits
of using biometrics time attendance system and payroll software for
doing different kind of works.
1. Reduces human error.
2. Reduces administrative
cost.
3. Reduces effort.
4. Consumes less time.
5. Restricts buddy
punching.
6. Data portability-
import/export.
Additionally, these kinds
of solutions and systems can also be customized according to the
requirements and company's policies. Because some of the systems can
easily handle hundreds of employees and some other have limited
capacity. So think before streamlining your work force and salary
processing methods.
With a minimal investment
by implementing these systems in your company, you will definitely
help you to streamline every process with ease. As these processes
reduces the dishonesty and human error in the payroll process. In
study, it has been indicated that companies save up to 4% of their
annual payroll by adapting automated time and attendance systems.
government grant
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