Payroll is one of the major processes in the administration of any organization. It has a scientific methodology and practices which has to be promptly followed. Proper professional support is essential in Payroll preparation. Here the apt selection of the Payroll software is very important. A perfect payroll software ensures error-free payroll calculations and generates payslip. Both from the accounting and human resource prospective, HR Payroll software is the essential software needed for successful management of the organization. It makes sure that all employees paid accurately and the correctness of calculations are ensured with the prompt recording of time and the other related factors with absolute technical perfection. The mathematical accuracy, data evaluation etc. are automatically recorded and checked by the software.
The HR Payroll software UAE market is growing at the rapid pace. Particularly in Dubai, growing awareness among enterprises on the benefits of implementation of HR Payroll software drives the market growth. Companies which are operating in GCC have focused on forging a more strategic identity for HR Payroll. Mindsoft’s MyPayFriend is one of the leading Payroll Software available in GCC. Choosing the best payroll software is an important concern of the business institutions. Mindsoft’s MyPayFriend, the widely accepted HR Payroll software in UAE comes up with main features like user-defined policy settings, auto attendance system, multi-currency operation mode, calculation of leave accruals, and accurate salary release process.
Most important features of HR Payroll Software:
- Payroll management: One of the main features of HR Payroll solution is that the wages are automatically calculated with accuracy based on attendance, salary grade, benefits, reimbursements, withholding taxes as per prevailing government regulations or predefined company policies. End to end settlement, loan, salary advance, and incentives processing etc.
- Leave management: HR Payroll software like MyPayFriend allows employees to send leave claims and check their balance of leave through employee self-service portal, HR managers can review these requests and inform the employees the details of the approved and declined claims.
- Record-keeping: HR Payroll software acts as a central repository of employee records and other related documents. This will help to easily handle files like company documents, offer letter, experience letter, employee profiles, organizational charts and applicable statutes of labor, tax and occupational safety.