SmartHCM

Efficient Payroll Management

ChatGPT said:

Experience effortless Payroll Management with SmartHCM—your all-in-one solution for automated payroll, loans, and funds. Ensure accuracy, transparency, and compliance while saving time and managing employee finances with complete confidence.

payroll management with best hr software globally
Payroll Management Smarthcm

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 including support for multi-currency setup by pay location and grade.

 

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, enhanced with currency-wise salary history records and payroll inquiries for greater transparency.

Key Functionalities:

Single-click payroll processing

Data import capabilities for non-integrated systems

Monthly payroll remarks for individual employees

Customizable payroll parameters with location & currency logic

Employee attendance tracking with backdating options

Streamlined workflows with salary history & audit trails

Allowance & Deduction Management

Highly Parameterized Allowances & Deductions: Define any allowance or deduction as per your company’s policies, including configuration by pay location, grade, and currency for 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 with salary history records maintained for transparency and audits.

 

Manual Overrides:  Maintain flexibility by overriding automated calculations with manual adjustments for individual employees, regardless of currency or location.

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:

Multi-currency monthly payment deductions

Employee-specific allowance & deduction setup by location and currency

Salary range-based allowance setup with history tracking

Location & grade-wise allowance and deduction rules

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

Multi-Currency Payroll

Global Payroll Made Simple: Process salaries, allowances, and deductions in multiple currencies based on employee pay locations.

 

Centralized Currency Configuration: Easily set up currencies, pay locations, grades, and employee salary structures through dedicated configuration screens.

 

Accurate Employee Salary Management: Maintain precise currency wise salary records, allowances, and deductions with automatic history tracking for audits.

 

Currency Wise Payroll Insights: Access upgraded pay slips, payroll registers, and inquiry screens that display location wise and currency wise payroll details for complete clarity.

 

Seamless Integration & Compliance: Ensure regional compliance and smooth integration with local banking systems and statutory regulations, minimizing manual reconciliation.

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:

Multi-currency salary processing by employee and pay location

Currency-wise allowance and deduction setup

Employee salary management with automatic history tracking

Currency-based payroll reporting and inquiry view

Region-wise payroll compliance support

Integrated processing with bank payment systems

Streamline Employee Loan Process

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

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 Payroll, Loan & Funds Management

Improved Efficiency: Automate manual tasks and streamline payroll, loan, and funds management processes, freeing up HR resources for strategic initiatives, with multi-currency support for global operations.

 

Enhanced Accuracy:  Eliminate manual calculations and errors, ensuring accurate payroll processing and compliance with regulations.

 

Reduced Costs:

Minimize administrative overhead and streamline financial processes, even across multiple currencies and regions.

 

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

Mj (R) Jabir Zaheer Manager HR
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.

Nausheen A. Aziz Group Head HR
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.

Nasir Al Zahid Executive Director
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.

Tehseena Hanif Asst. Manager HR
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.