Living up to its legacy of furnishing trend-setting global payroll processing solutions and services, Paysquare has unveiled the industry's first payroll outsourcing solution, which seamlessly operates along with the existing ERP framework of an enterprise. In a bid to stay competitive in the transforming market landscape, many enterprises deploy Enterprise Resource Planning (ERP) platforms from a host of different vendors to streamline their business processes, including HR operations like recruitment, attendance, and leave management.
Managing payroll on an ERP platform, however, is a complex exercise, while outsourcing the process outside of the ERP landscape comes with a significant risk of data vulnerabilities for an enterprise. Also, concurrent maintenance of both the ERP platform and a dedicated employee payroll mechanism considerably escalates the operational expenditures of an organization. Furthermore, year-end activities towards investment proof verification and CTC reimbursements have to be performed manually by client HR/Finance teams, consuming significant productive hours of a competitive enterprise.
Payroll Outsourcing Support Over ERP
The payroll outsourcing support over ERP by one of the leading outsourcing partners, Paysquare, is enabling its clients to continue reaping the strategic benefits of ERP while outsourcing its payroll operations. This empowers an enterprise to accomplish its outsourcing objectives without moving out of an ERP platform.
"Our industry-leading ERP-centric payroll solution accesses client ERP instances to offer end-to-end employee payroll services, including TDS and payroll compliances. Business heads can avail themselves of the benefits of Management Information System (MIS) and Journal Voucher (JV) reports generated by their ERP, which is further complemented by other performance metric reports that we develop on client request," said Rakesh Jain, CEO, and founder, Paysquare.
Benefits of Specific Outsourcing of Payroll Operations
The specific outsourcing of payroll operations enables a business to streamline its payroll ecosystem utilizing its existing IT infrastructure, eliminating any requirement of data transfer, migration, or data backup. "We offer businesses end-to-end deployment and service support to ensure they get the best out of their payroll outsourcing investment," added Jain. Paysquare also leverages stringent data security and recovery measures, including cutting-edge security tools, to ensure that sensitive data is secured yet readily accessible anywhere and on any device.
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Managing payroll on an ERP platform, however, is a complex exercise, while outsourcing the process outside of the ERP landscape comes with a significant risk of data vulnerabilities for an enterprise. Also, concurrent maintenance of both the ERP platform and a dedicated employee payroll mechanism considerably escalates the operational expenditures of an organization. Furthermore, year-end activities towards investment proof verification and CTC reimbursements have to be performed manually by client HR/Finance teams, consuming significant productive hours of a competitive enterprise.
Payroll Outsourcing Support Over ERP
The payroll outsourcing support over ERP by one of the leading outsourcing partners, Paysquare, is enabling its clients to continue reaping the strategic benefits of ERP while outsourcing its payroll operations. This empowers an enterprise to accomplish its outsourcing objectives without moving out of an ERP platform.
"Our industry-leading ERP-centric payroll solution accesses client ERP instances to offer end-to-end employee payroll services, including TDS and payroll compliances. Business heads can avail themselves of the benefits of Management Information System (MIS) and Journal Voucher (JV) reports generated by their ERP, which is further complemented by other performance metric reports that we develop on client request," said Rakesh Jain, CEO, and founder, Paysquare.
Benefits of Specific Outsourcing of Payroll Operations
The specific outsourcing of payroll operations enables a business to streamline its payroll ecosystem utilizing its existing IT infrastructure, eliminating any requirement of data transfer, migration, or data backup. "We offer businesses end-to-end deployment and service support to ensure they get the best out of their payroll outsourcing investment," added Jain. Paysquare also leverages stringent data security and recovery measures, including cutting-edge security tools, to ensure that sensitive data is secured yet readily accessible anywhere and on any device.
From India, Delhi
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