An Introduction to iPay – Payroll Software

Payroll is a 'mission critical' activity, if people do not get paid, the company simply will not exist beyond the very short term. It is for this reason that organizations need to operate an efficient payroll solution that delivers effectively and accurately every time.
While the efficiencies identified above are extremely important, the payroll department holds a wealth of vital information that can be used to strategically drive businesses forward. Managers know that people are the single biggest asset within a business. They're also generally the biggest areas of cost. So it makes sense that in-depth analysis of these figures are crucial, especially in today's competitive environment, if businesses are to effectively forecast and prepare for the future.

Why would you implement iPay?

The ‘iPay’ Complete Payroll Management System deals with the financial aspects of employee's salary, allowances, deductions, gross pay, net pay etc. and generation of pay-slips for a specific period. The outstanding benefit of Payroll Management System is its easy implementation. Other advantages of Payroll Management System are its extensive features and reports.

• Prompt and Reliable payment of wages.
• Very essential & vital for auditing.
• It calculates the right Income & National Insurance contribution to be deducted.
• Accurate tracking & forecasting of wages.
• Saves time & Money.
• Minimize the risk of human error.
• Instant retrieval of information at a single click of mouse.
• Automated generation of reports.

Features

‘iPay’ Complete Payroll Management System gives you the power to:

• Manage Employee Information Efficiently.
• Define the emoluments, deductions, leave etc.
• Generate Pay-Slip at the convenience of a mouse click.
• Generate and Manage the Payroll Processes according to the Salary Structure assigned to the employee.
• Generate all the Reports related to employee, attendance/leave, payroll etc.
• Manage your own Security

Benefits

• ‘iPay’ Payroll System has user friendly interface, can be customized as per a business requirement and can be scalable.
• ‘iPay’ Payroll system saves time and lowers the error ratio
• ‘iPay’ payment information is quicker than manual system
• ‘iPay’ payroll registers available to double-check your information before depositing salary in employee’s bank accounts.
• ‘iPay’ allows you to identify errors and adjust them in advance.
• ‘iPay’ payrolls simplify tax processing by computing the data.
• ‘iPay’ payroll eliminates the stress of processing all the records
• ‘iPay’ payroll system will track and maintain all the information of salary transfer.
• ‘iPay’ Payroll system helps saves much time

Modules

• 1. Account Creation
• 2. User Creation
• 3. Setting
• 4. Leader Creation
• 5. Employee Registration (Permanent/Temporary)
• 6. Employee Attendance
• 7. Employee Leave
• 8. Employee Payment (Advance/Loan/Salary)
• 9. Report
  • a. Daily Report
  • b. Employee Register (Temporary/Permanent)
  • c. Salary Slip
  • d. Advance Payment Register
  • e. Leave Register
  • f. Attendance Register (Daily/Monthly)
  • g. Loan Register
  • h. PF/ESIC/P.Tax/TDS Register