Sagisoft has been designed to provide integrated tools for Payroll Management. It has all necessary features and functionalities to handle and manage any educational institution’s payroll system. There is a smart prospect feature which helps to automatically create tasks, release scheduled payments, generate reports or pay slips, maintain and manage bills as well as a large number of payments easily. With this system, it becomes easier to understand complex financial calculations and there is also a feature for generating cooperate financial functions in the system.
Payroll is an essential function nowadays because with digitalization rapidly changing the world, many Institutions have swap to the payroll system as such it helps in analyzing and telling the administrator the types of payments adopted by Institutions as well as their clients.
The system is capable of paying workers reliably without delays, and thus certainly increase their confidence.
Additionally, it is a kind of necessity to be maintained with government and state laws. While this is an intricate procedure, having an effective framework streamlines and bring together the payroll method. The process alludes to the administration of an employee’s monetary record which may include their salaries, compensation, bonuses and final net pay.
The payroll management system is one of the most used software that has ever been built for the corporate world as it helps a lot tocreate a better solutions for different organizations or Institutions. According to the survey conducted by Global Payroll, it stated that almost 60% of organizations implement the payroll management system in their organizations because they understand the potentials of eliminating irregular paychecks and payment of tax from the top level authorities.
THIS MODULE INCLUDES THE FEATURES LIKE:
The Institution’s administrator can manage the salaries of the institution’s employees taking into account their names, designation, pay head and the amount to be paid to as salary. The administrator can also see the list of payments for a certain employee over a given time period.
Pay Head & Pay Type:
Displays and manage master data type with a feature to add different pay heads, pay head name and method of payment. The administratorcan also add other payment methods in this module if authorized by the chief administrator of the Institution.
Generate Pay Slip:
After pay has been completed, the administrator can easily generate a pay slip. A monthly or yearly pay slip report can also be generated. There is also the possibility to generate dynamic salary slips for the employees with the employee’s designation. Thus this feature can create salary reports sent to employees.
Payroll management can sync automatically with employees bank making salary tracking smooth and efficient. With bank sync, all the transactions will be naturally categorized, letting employees focus on what really matters. Thus helps in direct transfer of salary into the employees account.
Reporting Tool is a significant movement towards a better improvement of business intelligence and knowledge management. Many times, tools performance involves coordination with appropriate data while using reporting tools. It can be displayed in printable form and emails. This tool can create various kind of customized reports which involves human readable reports format.
In this feature, administrator can add the employee’s salary with an effective date of releasing the salary. The administrator can see the name of the employee with their designation, date of joining, and the department in which the employee works. The administrator can add, change or edit any employee’s salary list as well as connect their account to their bank account.This helps the administrator or board of directors to monitor the salaries of each and every one of their employees through their complete details.