Payroll, Loan & Funds Management
SmartHCM empowers you to manage your entire payroll, loan, and funds ecosystem seamlessly with a comprehensive and user-friendly solution.
Effortless Payroll Processing.
Automated Payroll Processing: Generate accurate and timely payroll with a single click, eliminating manual calculations and errors.
Comprehensive Allowance & Deduction Management: Easily configure custom allowances, deductions, and benefits based on your organization’s specific needs.
Flexible Payment Options: Run payroll schedules monthly, fortnightly, or weekly, and generate provisional runs for verification before finalization.
Advanced Tax Management: Comply with complex income tax regulations with automated slab-based calculations, e-filing capabilities, and support for various deductions and exemptions.
Detailed Reporting and BI Dashboards: Gain valuable insights into payroll data with comprehensive reports and BI dashboards.
Key Functionalities:
Single-click payroll processing
Data import capabilities for non-integrated systems
Monthly payroll remarks for individual employees
Customizable payroll parameters
Employee attendance tracking with backdating options
Streamlined payroll processing workflows
Allowance & Deduction Management
Highly Parameterized Allowances & Deductions: Define any allowance or deduction as per your company’s policies, ensuring complete control over payroll components.
Rule-Based Calculations: Apply various rules and regulations on allowances and deductions based on employee location, grade, or other factors.
Automated Application: Newly defined allowances and deductions automatically apply to relevant employees based on pre-configured rules.
Manual Overrides: Maintain flexibility by overriding automated calculations with manual adjustments for individual employees.
Key Functionalites:
- Monthly payment deductions by code and employee
- Employee Allowance and deduction configuration
- Allowance setup based on basic salary range
- Allowance and deduction configuration by location and grade
Key Functionalities:
Monthly payment deductions by code and employee
Employee Allowance and deduction configuration
Allowance setup based on basic salary range
Allowance and deduction configuration by location and grade
Income Tax Management
Automated Income Tax Calculations: SmartHCM automatically handles complex income tax calculations, including both one-time and slab-based deductions throughout the year.
Comprehensive Tax Management: Supports various tax slabs, perk taxable income considerations, employee tax adjustments, and other tax components.
Accurate Tax Slips: Generate accurate tax slips for each employee, ensuring compliance with tax regulations and employee record-keeping.
Key Functionalites:
- Tax slab configuration
- Perk taxable income calculations
- Employee tax adjustments and other tax considerations
- Tax slip generation for direct and income taxes
Key Functionalities:
Tax slab configuration
Perk taxable income calculations
Employee tax adjustments and other tax considerations
Tax slip generation for direct and income taxes
Inquiry & E-Bank File
eBank File Generation: Generate eBank files for direct employee bank transfers with user-friendly templates and compatibility across various banking systems.
Automatic Bank Integration: Seamless integration with bank APIs allows for automated payroll transfers in supported cases.
Comprehensive Payroll Inquiry: Payroll personnel have immediate access to detailed breakdowns of employee salaries for easy data retrieval and verification.
Key Functionalities:
- Downloadable Excel eBank files
- Payroll inquiry for current and historical data
- Customizable bank file templates
- Component selection from dropdown lists for easy data entry
Key Functionalities:
Downloadable Excel eBank files
Payroll inquiry for current and historical data
Customizable bank file templates
Component selection from dropdown lists for easy data entry
SmartHCM Loan Management - Simplify Employee Loan Processes
Comprehensive Loan Management: Efficiently manage all aspects of employee loans, including creation, maintenance, processing, and reporting.
Flexible Loan Types: Configure various loan types like car loans, house loans, and salary advances to cater to diverse employee needs.
Online Loan Application & Approval: Streamline loan processes with an online application and approval system through the Employee Self-Service (ESS) portal.
Automated Loan Deductions: Automatic loan deductions from employee salaries ensure timely repayment and reduce administrative burden.
Detailed Loan Reporting: Generate comprehensive reports that provide valuable insights into individual loan details and overall loan portfolio management.
Key Functionalities:
- Creation and management of various loan types
- Loan information capture (amount, start/end date, interest type, installments)
- Online application and approval through ESS
- Lump sum repayment option outside of payroll
- Automatic loan deduction termination upon full repayment
- Automatic inclusion in final settlements
- Employee-wise and summary loan reports
- Management of multiple loans through single salary deductions
Key Functionalities:
Creation and management of various loan types
Loan information capture (amount, start/end date, interest type, installments)
Online application and approval through ESS
Management of multiple loans through single salary deductions
Automatic loan deduction termination upon full repayment
Automatic inclusion in final settlements
SmartHCM Funds Management - Efficient Management of Employee Benefits
Compliance-Driven Funds Management: Ensure compliance with legal requirements for offering various employee benefits like gratuity and EOSB.
Flexible Contribution Management: Handle both employer and employee contributions to employee benefit funds with customizable contribution configurations.
Detailed Reporting & BI Dashboards: Generate comprehensive reports and leverage BI dashboards to gain valuable insights into benefit fund contributions, balances, and liabilities, enabling informed decision-making.
Location & Grade-Based Configurations: Set up fund contribution rules based on employee location and grade for targeted benefits management.
Yearly Contribution Reports: Track employer and employee contributions throughout the year with comprehensive yearly reports.
Key Functionality
Funds contribution
Funds setups
Funds location and grade setups
Funds slab wise location grade setup
Fund yearly contribution (employer and employee) report
Benefits of SmartHCM Payroll, Loan & Funds Management
Improved Efficiency: Automate manual tasks and streamline payroll, loan, and funds management processes, freeing up HR resources for strategic initiatives.
Enhanced Accuracy: Eliminate manual calculations and errors, ensuring accurate payroll processing and compliance with regulations.
Reduced Costs: Minimize administrative overhead and streamline financial processes.
Increased Employee Satisfaction: Provide employees with convenient access to loan applications, payslips, and other HR information through the ESS portal, improving overall satisfaction.
Improved Decision-Making: Gain valuable data-driven insights into payroll, loan, and funds data to make informed HR decisions.
What People Say About Our Work
- SmartHCM is perfect solution for HRMS practices. It gives you great controls with amazing GUI which finally results as ease of use for both, officials and employees. Payroll really makes you feel free from trouble and state of the art mobile application facilitate in accessing information on fingertip. It also reduced the cost of stationary purchases and provided us 100% paper less environment.Mj (R) Jabir Zaheer
Manager HR
Ramada Hotel (ISL) - SmartHCM is an essential HR transformation and digitalization toot that significantly benefits employee, mangers and organization. Our field force particularly values the convenience of marking attendance and accessing leave Information from any location, eliminating the need to visit to head office. SmartHCM is one of the best tool available and it's very user friendly and it's very concise and precise.Nausheen A.
Aziz Group Head HR
Hoora Pharma - One of our best contractor is SmartHCM. Currently, SmartHCM supports Tarabot's HR system, which is self sufficient and actively used by our hospitals. We have not encountered any issues with the program and have had excellent cooperation with SmartHCM's team. SmartHCM successfully managed everything for Tarabot. We are very satisfied with the dependable solution they provided, which perfectly aligns with Tarabot Charity specific needs.Nasir Al Zahid
Executive Director
- Tarabot Welfare - SmartHCM has revolutionized our management of leaves, attendance, and payroll. The most significant advantage for us has been the SmartHCM Mobile Application, which seamlessly facilitates our remote employees check-in and check-out processes after shift assignments. We highly recommend SmartHCM for businesses operating payroll across multiple locations!Tehseena Hanif
Asst. Manager HR
Platinum Steel / Kopak Paints
What People Say About Our Work
Ramada Hotel (ISL)
SmartHCM is perfect solution for HRMS practices. It gives you great controls with amazing GUI which finally results as ease of use for both, officials and employees. Payroll really makes you feel free from trouble and state of the art mobile application facilitate in accessing information on fingertip. It also reduced the cost of stationary purchases and provided us 100% paper less environment.
Hoora Pharma
SmartHCM is an essential HR transformation and digitalization toot that significantly benefits employee, mangers and organization. Our field force particularly values the convenience of marking attendance and accessing leave Information from any location, eliminating the need to visit to head office. SmartHCM is one of the best tool available and it's very user friendly and it's very concise and precise.
Tarabot Welfare
One of our best contractor is SmartHCM. Currently, SmartHCM supports Tarabot's HR system, which is self sufficient and actively used by our hospitals. We have not encountered any issues with the program and have had excellent cooperation with SmartHCM's team. SmartHCM successfully managed everything for Tarabot. We are very satisfied with the dependable solution they provided, which perfectly aligns with Tarabot Charity specific needs.
Platinum Steel / Kopak Paints
SmartHCM has revolutionized our management of leaves, attendance, and payroll. The most significant advantage for us has been the SmartHCM Mobile Application, which seamlessly facilitates our remote employees check-in and check-out processes after shift assignments. We highly recommend SmartHCM for businesses operating payroll across multiple locations!
Ready to Simplify?
Contact us today to schedule a personalized demo and learn how SmartHCM can transform your payroll, loans, and employee benefits management.