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By Biju George on Sep 11, 2009 |Business
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Normal 0 “Computers are incredibly fast,accurate and stupid; humans are incredibly slow, inaccurate and brilliant;together they are powerful beyond imagination.” Being intelligent humans, we should utilize the best qualities ofcomputers, especially, the speed, accuracy and automation capabilities. If youare stuck with the traditional, time consuming, error prone, manual payrollprocessing, it’s time to automate. A few compelling reasons toupgrade to an automated payroll software: 1. Savesyou lots of time and money: Manualpayroll processing is tedious and time consuming. Consider keying inattendance, leave data for all your employees into an excel sheet forprocessing every month end. It’s quite some work. This can be completelyautomated. 2. Nomanual intervention, hence highly accurate: Humans are intelligent but they areslow and inaccurate, hence it’s wise not to rely on humans for lots ofcalculations. Let a computer do all calculations and processing quickly andwith high accuracy. 3. Allowsyou to process payroll at the last minute, and very quickly: Payroll is to beprocessed with attendance and leave data. And you will have to wait for thelast day of the month to get these data. If you want to pay your employees onthe next day, you have hardly any time to do the payroll processing. So, theprocessing should be really fast, no matter how many employees you have. 4. Automatedpayroll processing even if geographically distributed: Imagine processing datafrom one centralized location, even though your organization has branchesacross the globe, and still completely automated with attendance and leave data. Payroll processing in minutes?It’s not a fiction; the best payroll software can really do the following tasksin a few minutes. 1. Processyour payroll with attendance and leave data: You should be able to pay youremployee for every minute of overtime he does. Also, may be you want to cut pay for every minute he is late. Payrollprocessing should also take leave balance and entitlements into account. 2. Send payslips to employees: Right after processing, email pay slips to all youremployees. Also, employees should be able to view their pay slips whenever theywant, wherever they are! 3. Emailsalary transfer information to banks: Statements should be forwarded to banksto perform a salary transfer to the employees. 4. Processyour income tax, generate statutory reports: Income tax should also beprocessed with other payroll components. The automated system should alsogenerate statutory reports required by your government. The need for payroll automationincreases with the employee strength in your organization. Automate yourpayroll, throw away your payroll worries, and focus completely on your corebusiness. If you have a query, do nothesitate to speak to Lenvica, the payrollsoftware experts. Click Here --> http://www.lenvica.in
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