Thursday, October 6, 2016

A PayRoll Software With A Difference : For Large, Medium and Small Scale Enterprise

Living in the digital era and managing your business payroll manually is both tedious and error prone. This becomes a herculean task especially when you have salaries to process for a good number of staff, compute tax payable, deductions and employee’s liabilities.

Currently, there are a variety of Human Resource and payroll software solutions available in Nigeria to assist business owners and HR personnel in this particular task. To ensure that you get satisfactory results as regards your HR and Payroll functions, we will be reviewing PayDayNGpayroll solutions.

Visit the Magnet Group blog for more tips on managing your payroll.

PaydayNG Payroll software is software that helps HR managers to perform payroll, computations and HR functions effectively.

It tracks all activities of an Employee in an organization. So, it is not just ordinary payroll software.

Why PaydayNg Payroll Software

Here are a few reasons to choose a Paydayng as your preferred payroll management software for your business:

It is a web application
User friendly interface for your payroll management
It is customizable
World wide access, No virus, Access via mobile device, Easy to update
Quick data migration
Integration with Biometric Device or Existing System
Multiple Companies and Location support
Powerful reporting
Export to Excel/PDF/Word for all list and report

Benefits of PayDayNG Payroll Solutions

Here are some of the highlights that makePayDayNg the best Payroll software for your business:

1. Employee Information

Employee personal details, contact details, qualification, Emergency details, guarantor details e.t.c
Employee Payment method
Employee transfer, promotion and separation
Employee history record and lots more

2. Time Management (Attendance + Shift)

Attendance Calendar management
Real time data from Biometric/Swipe card device/ Face recognition system
Attendance month setup to take into account the cut off provision- pay salary on date 1st of every month e.t.c
Attendance can be imported through excel sheet
Employee shift rotation facility
Flexible and regular shift types with night shift functionality
Dynamic off-day/ week-off setup according to state, Branch, Employee Grade/Cadre or Employee specific
Timing policies for grace period, late hours, working hours e.t.c
Set any working day to non – working day and vice versa in case of riots e.t.c
Employee overtime management

3. Payroll Processing

Leave management
Loan and Advance management
Loan and Advance EMI deduction automatic and displayed in salary slip
Loan rescheduling, stop payment and settlement options
Interest on loan calculation if required
Allowance Earning/deduction can be defined
Dynamic salary formula creation
 On attendance and non – attendance pay heads
Salaries reprocess and posting features

4. Recruitment

PayDayNg Payroll Management Software can also help businesses in their recruitment:

A Web-based automated system for recruitment process
It helps your recruiters and recruitment Managers to easily manage the candidate resumes, posts jobs to various sources, shortlist eligible candidates, manage candidate Interviews and send offer letters
HR/Admin can decide the interview panel for each recruitment process individually and rating for each process with interview date and time.

5. Training

PayDayNg Payroll Software will come handy in training management in the following ways:

All details regarding the training to be conducted viz. date, time venue, budget, Candidates participating, alert to each participant irrespective of branch, department etc can be decided here.
Training Calendar that shows all the upcoming training scheduled
If training is conducted by external/internal source then the details of the external/internal source can be entered here.
Employee feedback
Shows history of all training conducted and score of each participant/s and lots more.

6. Performance Management system

Key result area and key performance indicator defined
KRA Evaluation setting
HOD and Employee appraisal score
Competence report and lots more

7. Statutory deduction

Automatic calculation of PAYE deductions in accordance with PITA as amended by 2011 Amendment act.
Employers and employee pension contribution deduction
NSITF, GLI, NHF and other statutory deduction.

PaydayNG Payroll Software provides Employee and Manager Self-service such that employee can:

Apply for Leave
 Employee Asset requisition
Make Loan/Advance requisition
Submit suggestions
Submit survey, feedback, self-evaluation e.t.c
View training calendar
View Employee profile information
Download salary slip
View attendance details
View Leave application approval/rejection and Leave balances

The payroll software has :

A Role based privileges easy to setup for employee role and authority
Separate Dashboard for each employee and manager


Here is a sneak peek of the dashboard of the PayDayNg Payroll Software:

No comments:

Post a Comment

Is this post helpful?

Your comment are highly appreciated to this post, be the first to comment and also share with your loved ones, you can also share to social network like Facebook, Twitter, Whatsapp etc


Designed by Vikkyluv