Managing payroll is not an easy job for any payroll executive. Gathering inputs from multiple sources and calculating the salaries, incentives, deductions, leaves and work hours is a hectic and monotonous task to be done. However, automated Payroll Processing makes these tasks easy.
The greatest issues are staying compliant with the new tax laws and the need to gather various payroll inputs.
Key Challenges: Payroll Processing
Validation of data from multiple sources, incorrect mapping of work hours, leaves, employees’ exits and relevant approvals results in unexpected leakages resulting in financial burdens on the organizations.
Multiple Input Sources
Various business units have different tracking systems for employees’ data and approvals, mainly because of varying functioning, resulting in a tremendous challenge in employee data mapping.
Multiple Payroll Cycles
As organizations are moving towards multiple payroll cycles in a month, this brings additional pressure on payroll executives to process payroll correctly during each payroll cycle.
RPATech brings automated Payroll Processing solutions
Our payroll processing solution has been designed to automate all key payroll requirements while minimizing leakages, improving efficiencies, and reducing costs and manual efforts by 80 percent. Some of the key features of our payroll processing solution include:
- Connectors of multiple data sources for collating payroll data
- A powerful and customizable rule engine to process payroll
- Approval/ Rejection Workflow
- Daily attendance/ employee MIS
Benefits of Automated Payroll Processing
Reduced Cash Outflow
Witness 90% of reduction in financial leakage with RPA in the payroll process.
Increased Accuracy Rate
Increase accuracy rate to 100% in your payroll process by implementing RPA.
Reduced Error Rates
Reduce human errors and error rate to 0% with payroll processing automation.
Audit Trail and Governance
Get a 360-degree overview of your financial position with payroll automation.
Count for quick ROI in less than 6-months with RPA in payroll processing.