Managing payroll runs comes with complex calculations and data collection, which may slow down operations. With the help of comprehensive payroll software, it’ll be easier to streamline financial tasks and reporting, thus minimizing accounting errors, record deductions, and more.
QuickHR, a fully integrated cloud-based Human Resource Management System (HRMS), provides an all-inclusive payroll module where HR professionals can experience automated, simplified, and streamlined payroll processes, ensuring that every employee receives accurate and fair compensation on time.
Let me tell you more about the reasons why a holistic payroll software such as QuickHR is an essential element for businesses of all sizes and types.
Gather Employee Records
Payroll software is built with constant interaction across all necessary payroll account entries such as attendance data, income structure, timesheets, leave, claims, and more.
With a solid integration framework, there's no need to purchase separate HR software solutions and switch from one system to another. Thereby, reducing heavy workload and allowing more time for HR professionals to focus on high-level HR tasks like recruiting, hiring, and training.
QuickHR’s payroll module helps ease hectic payroll periods with an interconnected HRMS platform where every HR department can access and process real-time records such as salary prorations, leave applications, timesheet incentives, and claims, all in one place.
With automated payroll software, businesses can ensure that all employee records are complete and up to date, preventing accounting errors and record deductions.
Set Up Payroll Schedule
It’s necessary for business owners to figure out which payroll forms are necessary for the company and its employees. With a flexible payroll system, it'll be easier to streamline payroll generation according to varied factors such as employment type, contract length, pay period, and more.
QuickHR’s versatile payroll software is capable of generating multiple pay runs for full-time, part-time, and freelance employees with different pay periods. The all-inclusive platform also offers automated payroll generation for monthly, bi-monthly, daily, or ad-hoc payroll runs. With flexible and customizable settings, QuickHR will be fully compatible and suitable for a business' growing needs.
By ensuring that every employee receives accurate and fair income distribution on time, businesses will be able to effectively boost employee engagement.
Calculate Multiple Payroll Runs
Manual-based payroll systems hold a high risk of calculation errors. To avoid costly errors and increase employee morale, payroll software automatically helps keep track of work hours and facilitates timely paychecks with great precision.
QuickHR's all-encompassing payroll module provides optimized payroll processes with automated and accurate calculation of wages according to varied shift plans, flexible overtime computation, and incentives for punctuality.
Integrated with QuickBooks Online and Xero, QuickHR also ensures that monthly payroll numbers stream right onto accounting charts, enhancing workflow efficiency.
Review Regulatory Compliance
With payroll software’s auto-inclusion and full regulatory compliance features, businesses will be able to prevent fines and penalties which may lead to great financial loss.
QuickHR’s payroll module allows automatic calculations and deductions in adherence to government compliances. These include tailored CPF formulations, auto SDL deductions, Bank GIRO and CPF submission features, and MOM itemized payslips.
QuickHR is an IRAS-approved software solution that guarantees smooth monthly submission by handling IRAS season with direct AIS linkage of payroll information captured on the system.
Moreover, the Infocomm Media Development Authority (IMDA) has evaluated QuickHR as an effective, market-tested, and cost-effective pre-approved solution for government grants offered to SMEs.
Approve and Submit Payroll
With the automated processes of payroll software, all that's left to do is to approve them, saving time for higher productivity.
Unlike many other HRMS, QuickHR comes with an accessible nature, making it an ideal platform for individuals who are relatively inexperienced with complex and deadline-driven payroll processes. HR professionals can easily allow the system to tabulate multiple payroll calculations, and let the manager confirm it.
In addition to this, QuickHR's payroll system comes with mobile accessibility where HR teams and employees can access and upload information as well as monitor real-time updates while on the move. This will make it easier to manage and approve payroll in real-time, preventing delayed salary distributions and heavy workloads.
Save Payroll Records
Payroll software solutions offer maximized storage where every record of salary credit is stored securely on its servers. By having a comprehensive payroll history, it'll be easier for HR professionals to ensure maximum clarity and accountability despite the diversity in payroll runs.
QuickHR's payroll module has its data hosted on Amazon Web Services (AWS), the largest cloud provider in the world. The software is also built with heightened data security, featuring a cloud infrastructure with multi-tier encryption. This means that all data are encrypted, as are the automated backups, snapshots, and replicas.
QuickHR's secure and maximized data storage enables smarter and faster decision-making, thereby driving positive results and progressive business growth.
Generate Reports and Analytics
With an extensive analysis of the overall salary structure and staff costs across departments and even individual jobs and contracts, organizations will be able to have in-depth and real-time insights, providing more opportunities to adapt to the ever-changing workplace conditions.
QuickHR’s payroll software has the ability to analyze employee data and create customized analytics on HR matters such as attendance, payroll, leave, and claims, providing a wealth of meaningful reports.
Detail-Oriented Reports and Analytics - With an extensive analysis of the overall salary structure and staff costs across departments and even individual jobs and contracts, it’ll be easier to execute smart decision-making for future business plans.
QuickHR’s payroll software has the ability to analyze employee data and create customized analytics on HR matters such as attendance, payroll, leave, and claims, providing a wealth of meaningful reports.
Secure and Maximised Data Storage - Unlike paper-based payroll systems, automated payroll software solutions offer heightened data security, ensuring that all employee and business records are stored securely on their servers.
QuickHR is built with improved data security, featuring a cloud infrastructure with multi-tier encryption. This means that data in the underlying storage is encrypted, as are the automated backups, snapshots, and replicas.
Ease of Use - Payroll software can be easily configured with different features, options, rules, and policies, depending on the business’s needs. These simplified configurations allow increased work efficiency and productivity.
Every part of QuickHR is designed with flexible and customizable settings, ensuring that it’ll be fully compatible and suitable for a business' growing needs. The full-spectrum payroll module allows instant and easy modifications on all necessary payroll account entries such as attendance data, salary structure, timesheets, leave, claims, and more.
Remote Accessibility - Payroll software comes with mobile accessibility where HR teams and employees can access and upload information as well as monitor real-time updates while on the move.
QuickHR provides hassle-free and 24/7 accessibility to employees’ data across all mobile devices, offering an adaptable solution for both HR professionals and employees to access real-time records.
To know more about QuickHR, book a free trial today with absolutely no terms and conditions!
