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Why should one switch to cloud-based payroll software? How is cloud based payroll software useful to/ more beneficial for small and medium enterprise (SME) ?
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The main purpose of cloud based payroll software is to simplify and automate the process of paying a company’s employees.
Most payroll software solutions offered today are already cloud-based, however; entrepreneurs, HR professionals and business executives may not even know it. Therefore; the companies who are yet to implement cloud based HR Software are likely to affect their productivity – in terms of time and money.
Here mention six of the most prominent reasons to cloud based payroll software to useful small and medium enterprise (SME)
Improve speed and security: Few things are more important to your employees that is being paid on time. Yet for many HR and payroll departments, running payroll is often a rushed process. Cloud based payroll software is designed to ease payroll process and provide security.
Offer mobile accessibility: These days, the real work often gets done outside of the office. One of the great benefits of cloud based payroll software is that HR staff and field managers can process and approve payroll from any device, any time of day.
Reduce cost: Cloud based payroll software offer a higher return on investment than on-premise software or manual spreadsheets. There are no in-house servers to buy and maintain, no physical set-up to accomplish and no upgrades to purchase.
Less mistake: More hours spent on processing payroll also lead to less employee productivity. Mistakes in payroll processing may also lead to decreasing employee engagement.
Increase employee productivity: Using a cloud-based payroll software keeps the HR team on-the-go. Even while commuting, you’ll be able to run payroll through your smartphone or tablet. Your cloud based payroll software manages most of the tasks for you. Managers become more productive and efficient when they can handle employee tasks on the go.
Integration with less effort: Easily integrate systems and share valuable data in real time. You can utilize all of the features and benefits of a cloud-based payroll software by integrating payroll with time and attendance, leave management, statutory compliance and performance management.
For more information i would like to suggest https://factohr.com/ as its one of the best HR and Payroll Software solutions facilitating complete HR and Payroll features!
India’s only free HR & Payroll Software.
HRM as simply described “Human Resource Management” is a term widely used to define the process of developing the human capital of an organization. As HRM term puts it “Human Resource”, in this process the human aspect of the organization is considered as its “Asset”, they are treated as essential part of the organization which is worth investing in and developing.
Due to this, the importance of HRM process has also increased exponentially over the past few years, making it the most sought after department/skill an organization or a person can have.
HRM process is a time consuming and labor-some work to complete by human individuals, so in order to reduce the investment of time and increase the ease of business now-days, HRM software is being implemented by all the organizations regardless of the organization’s size.
Kredily is India’s only free HR & Payroll software which trusted by over 1000 companies in India. While there is a plethora of cloud-based software available in the market, some features that make Kredily standout are.
Improving HR efficiency: By reducing the process time and increasing the efficiency of onboarding new employees and streamlining document collection process.
Improved tracking of employee data: Easily tracks your employees’ attendance, leaves, investment declarations, work history and more.
Assign custom attendance/leave rules & salary structure to employees: Create custom work week cycles, shift rules, leave rules and create custom salary structures that cater to your company’s requirements.
Payroll management made easy: Automate your monthly payroll tasks and reduce the risk of human errors in calculating monthly payouts.
Data-driven decision making: Use analytics and system generated reports to make better decision backed by quantifiable data.
Having a performance management software in place can minimize the burdens of HR by automating appraisal cycles and workflows. I would like to make a suggestion here. Synergita is one of the best cloud-based performance management and engagement software to measure and track the performance of your employees. Synergita(https://www.synergita.com/?utm_sourc..._campaign=Raji) has the following features:
continuous feedback and rewards
360 degree feedback
employee engagement
performance appraisals.
Synergita also supports appraisal letter distribution for your employees. it will become easier to make your appraisals automated and streamlined.
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