5 Must-Have Features in Modern Payroll & Attendance Software
In the ever-changing business landscape and with most companies opting for a hybrid setup, it has become absolutely essential to have a strong and efficient management system to run the organization smoothly. Modern Payroll and attendance software is one such tool that offers numerous advantages to organizations. From automated time tracking to data security, these software are essential for businesses looking to streamline their activities.
If you are looking to upgrade your existing HR and payroll software to a newer one, these are the five must-have features in modern payroll and attendance software that you should keep in your mind.
1. Customized Payroll System
A business should have its own customized payroll software for its own unique requirements and modern payroll software makes it easier to streamline all the processes. It should have:
Flexible salary structures - For calculating the wages of regular employees as well as freelancers or consultants. Multi-currency support - For large organizations with a global network, it is essential to have options enabling multiple currencies.
2. Automated Time & Attendance Tracking
With modern payroll and attendance software, you can have real-time tracking to monitor time theft. Biometric software also provides fingerprint and facial recognition for enhanced security. Other features include:
Automatic check-in and check-out Geo-fencing and GPS Tracking for remote employees
3. Mobile Access & Cloud-based Access
With a global network of employees especially in the post-COVID era and most employees opting for a hybrid setup, it is very important to have payroll software that supports mobile-based applications and cloud access to manage remotely. Employees working remotely without a laptop should have access to the system through their smartphones
The cloud access will ensure HR teams are well connected and can access the entire system working from anywhere.
4. Leave and Absence Management
Modern payroll software should be equipped with Leave request Portals for employees to request for leave even from their homes. This will be beneficial for their managers too for easy approval. It should also have options to check the leave balance as well as holidays. IT should also have an automatic absence marker to alert if an employee has not marked their leave.
These ESSP (Employee self-service portals ) are very essential to manage the smooth running of organizations and thus ensuring that the focus remains only on the important areas.
5. Seamless Integration with Other Systems
It is very essential that modern payroll software is capable of seamless integration into the existing software in operation by the company to prevent double data and other possible errors. It should integrate with the accounting software, project management software, employee management software, etc to ensure streamlining of all the functions effortlessly.
It is very important to ensure compliance with legal laws and audit laws. These were some of the must-have features to look out for in modern payroll and attendance software.
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We offer complete SaaS solutions for all your HR needs under one roof. With a proven track record of more than 12 years and an extensive client base, we provide expertise in HRM solutions, attendance & payroll solutions, and much more.
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