Why having an automated payroll can grow your business!

The last week of any month is always challenging for any small business. There is a variety of work that needs to be completed in this span which may summarize the month’s business goals organizational performance. One can understand the pain of the sales & marketing team to complete the business targets or even the product & operations teams to deliver the business commitments. There is one more team that has a tough last week i.e. the payroll team.

Just imagine the amount of work involved in giving the sweet message of ‘Salary Credited’ to everyone on payday. Payroll processing in itself is quite a hectic process. It involves at least one dedicated person for the process depending on the size of the organization. Numerous hours and manual efforts are involved in calculating employee monthly payroll hours, deductions, earnings, and taxes. This traditional system for payroll processing can very well be summarized as unproductive at best.

Every business wants to advance its operations without depleting its budget on automated solutions. Yet, no business wants to spend a lot of money for the miraculous solution. In today’s fast-paced and pixel-obsessed world, there is an ever-increasing demand for solutions that use fewer resources, while increasing productivity and return on investment. An automated payroll system can solve a lot of this problem.

Some of the reasons below present why an automated payroll solution can improve business efficiency.

Reduced manual effort

As we know there is often one dedicated person hired in the HR team or finance team to manage payroll for the company. This dedicated person has various functions of managing the leave balances, deductions and tax calculations. Manually processing full and final settlements and compliance paperwork can be manually intensive. All of this can be streamlined with an automated payroll system.

Time saved

Processing hundred of pay sheets every month and verifying LOPs to calculate the payout in itself a tedious job. An automated payroll system not only processes all the data with a single click but the results of it are quite satisfying for the company. Time savings in itself allows the HR department to focus on more employee-centric activities.

Negligent errors

When so much manual effort is required in managing something calculations often leaves room for human error. As minor as zero can lead to a huge payroll blunder which often does happen. With an efficient automated payroll system, any kind of error is hugely reduced to almost perfection.

Transparency of the process

Often payroll processing becomes contentious with employees related to their work hours and deductions. With an automated payroll system, transparency is established across the organization as one can view their overalls in their employee screen. It is very important for an organization to build this type of trust factor with its employees for a productive result and culture.

Juntrax Payroll Processing is specifically designed for SMEs in India which can take care of Compensation Structure, Deductions such as TDS, PF, Professional Tax and Direct Payslip access for employees through ESS Portal. Employees can upload Investment Proofs for tax saving and HR can generate payment reports monthly, yearly or for a specific timeline. Its integration with the timesheet can auto-calculate the work hours or days and process it for the payroll.

Juntrax payroll helps businesses in their growth journey by providing a simple and easy to use automated payroll solution.

 

Book a demo today for more information. Also, stay tuned on our LinkedIn page for updates.

8 thoughts on “Why having an automated payroll can grow your business!”

  1. I’ve recently started a web site, the information you offer on this web site has helped me tremendously. Thanks for all of your time & work.

  2. Having read this I thought it was extremely informative.
    I appreciate you taking the time and energy to put this short article together.

    I once again find myself spending a lot of time both reading and posting comments.
    But so what, it was still worth it!

  3. Hi there would you mind letting me know which web host you’re working with? I’ve loaded your blog in 3 completely different browsers and I must say this blog loads a lot quicker then most. Can you suggest a good hosting provider at a fair price? Thanks a lot, I appreciate it!

  4. I must thank you for the efforts you have put in penning this site. I’m hoping to view the same high-grade blog posts by you later on as well. In fact, your creative writing abilities has encouraged me to get my own blog now 😉

  5. Normally I don’t read article on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, very nice post.

Comments are closed.