Payroll
In today’s dynamic global environment you need a Payroll System that is effective, fast, and reliable,allowing you to define your payroll components in multiple foreign currencies with the capability to remunerate in different foreign currencies.HRiQ now supports Multi-Currency Payroll system. HRiQ Payroll is ideal for multi-national or global companies that have a significant number of employees with compensation peg to their home currency or any other currency.The system translates the foreign currency components into a base equivalent currency for posting and reporting purposes. It provides the flexibility for payment instructions by employee to pay electronically into multiple foreign currency bank accounts.
HRiQ Payroll is used extensively by regional and global companies using Singapore as a base because it is easy to use, conforms to Singapore regulatory requirements covering CPF and Tax, and is scalable to the number of employees in your organization. It is scalable for large enterprise with growing employees and allows for import of mass data from other HRiQ modules, excel spreadsheets and external file interfaces.The system provides for year-end statutory tax submission based on a separate set of exchange rate mandated by the Tax Authorities, to translate the amounts to your local statutory currency.
The System is parameter driven and easily configurable by the user administrator for fast deployment to timely meet critical timelines. It provides a smart option to post your employees’ pay-slips electronically on the web under a secured environment, thus eliminating the need for distributing paper pay-slips manually.Employees can view their past pay-slips anytime and anywhere when needed.The System provides the capability for integration to your General Ledger by report or export of the accounting transactions relating to built-in account codes and cost centers, and can be customized to the specific format required by your accounting system.
HRiQ Payroll automates and ensures that your payroll is accurate, on time and efficiently processed. HRiQ Payroll is fully integrated with all other HRiQ modules thereby making the payroll processing highly efficient for you. Using HRiQ Payroll, employees can get access to their Payslip on real-time basis.
- Manage your various Payroll configurations with highly configurable, flexible and scalable platform.
- Pay your Employees on time with highly automated processes for Payroll processing, interface to Banks for Electronic Fund Transfers.
- Create unlimited allowances and deductions and handle multi-organizational processing.
- Provides functions that are fully complaint with the Local laws, rules & regulations and caters for e-filing of income tax and Provident Fund.
- Provide standard or custom reports for various reporting requirements.
- Flexible and powerful Payroll Report Write.
- Configurable and user-defined rating system.
- Full Statutory Compliance to Singapore CPF and Tax requirements.
HRiQ Payroll is integrated with our other modules such as Leave Management ,Attendance Management , Overtime and Timesheet Management and Benefits and Claims Management to increase the productivity and efficiency.
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