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HRMThread - Web based Payroll Management Software

HRMThread is very easy, flexible and user-friendly Web based Payroll Management software that takes care of all your requirements relating to accounting and management of employee’s Payroll. This versatile, user friendly, package, offers user defined Earning / Deduction / Loan Heads & Calculation Formulae / Tables. The package generates all the outputs & statutory reports required by a Payroll application.

Payroll SaaS

Key Feature Details:
      Flexible Structure building capability of Earnings & Deductions
  1. Flexibility to add or modify any number of Salary Components - Earnings & Deductions
  2. User Defined Entry Field with unmatched flexibility for Formula, percentage or Customized Calculation
  3. Taxable & Non Taxable Earnings for Income Tax Calculations
  4. Payslip / Non Payslip Component
  5. Calculation based on Attendance
  6. Monthly or Yearly Payments
  7. Frequency of Salary Head
  8. Also compute various other components that do not appear in Payslip
      Leave & Attendance Management
  1. Leave Rules can be defined
  2. Yearly Credit of Leave/ Pro rata basis
  3. Monthly Increment of Leave on Pro-rata basis
  4. Carry forward facility for balance leave
  5. Encashment of Leave / Encashment In excess of Leave
  6. Leave Utilizes & Balances can be checked
  7. CL, PL, SL, Compensatory & Customizable Leaves
  8. Automatic Leave payout on termination of Employees (in Full & Final Settlement)
  9. Swipe card / Attendance machine if any can be linked to our software
  10. Attendance Arrears
  11. Monthly Attendance Register & Yearly Attendance Summary
  12. Attendance / Leave Ledger
  13. Submission of online Leave Application and supporting workflow.
      Loan & Advance Management
  1. User Definable Loans/Advances (Multiple)
  2. Loan Disbursement option with EMI option
  3. Automatic recovery of EMI & stops automatically once the Loan amount is totally recovered
  4. Auto calculation of Interest on Loans based on Flat Interest, Reducing Balance
  5. Lumsum recovery of Loan
  6. Interest free Loan Perquisites as per Income Tax
  7. Loan Recovered, Loan Balances & Loans History – Employee wise
  8. Loan Ledger.
  9. Online submission of Loan Application and supporting workflow.
      Payroll Processing
  1. Input information for all newly joined employees and resign left employees
  2. Create a new payroll month & Process Salary
  3. Over-ride facility for any Salary components
  4. Salary on Hold & Freezing of Salary in case of Termination of Employees
  5. Process by Exception - you only need to enter Pay and/or deduction information when there are changes
  6. Pro-rata calculations for employees based on Absenteeism
  7. Process & Print Payslips for groups or for selected employees
  8. Lock month facility to avoid changes in Processed Data
      Salary Reports (Payslip & Salary Sheet)
  1. Automatically calculates all the income, deductions & Company Contributions as per the requirement
  2. Regular Payslips (with Logo) can be viewed or Emailed
  3. Reimbursement Payslips can be viewed or Emailed
  4. User defined Salary Sheets can be viewed
  5. Generates Cash / Cheque / Bank Transfer List
  6. Generate Bank Statement, Direct Electronic Bank transfer files & Covering Letter for Banks
  7. YTD salary Sheet & Summary of each employee
  8. Separate Payslips can be generated for Arrears, Medical, Reimbursement & LT
      Bank Transfer
  1. Bank Transfer Statement facility available for all the banks
  2. Soft copy format also available in Excel or any format specified by different banks
  3. Bank Transfer Statements can be generated for both Regular, Reimbursement Payments & Supplementary Payments
  4. Covering Letters
  5. Cheque / Bank Transfer / Cash List
      Reimbursement Management
  1. Multiple Reimbursement Components like Medical , LTA & Customizable Reimbursement Components
  2. Upper limits can be specified – Employee wise or Grade wise
  3. Annual Limits or Monthly Accruals
  4. Opening Balance, Entitlement, Amount Reimbursed and Balance amount can be checked
  5. Reimbursement Payslips, Bank transfer statement for Reimbursement Component
      Arrears Calculation
  1. Arrears calculation for any previous period / Retrospective effect
  2. Separate Payslips can be generated for the Arrears Components
  3. Bank transfer statement for Arrears Component
      Other Payments
  1. Overtime Calculation
  2. Gratuity, Bonus & Exgratia Calculation
  3. Reimbursement - Medical, LTA or any other user definable reimbursement
  4. Supplementary Payments
  5. Monthly Reconciliation - allow us to compare the changes in the pay components from last month to this month or for any number of months
      PF Calculation & Reports
  1. User defined PF Rate of Deduction for Employer & Employee
  2. Employee & Employer Contribution
  3. Automatic Bifurcation of EPF & EPS
  4. PF applicability check at Employee Level
  5. Options to Limit Maximum Salary for PF Deduction
  6. Form 5, 10, 12A, 3A, 6A, Challan & Reconciliation Statement
      ESIS Calculation & Reports
  1. User defined ESIC Rate of Deduction for Employer & Employee
  2. ESIC applicability check at Employee Level
  3. ESIC Register, Form 5, 6 & Challan
      Professional Tax
  1. User definable State wise Slab
  2. PT applicability check at Employee Level
  3. Form III & Challan
      Income Tax Management
  1. Auto calculations of Exemptions & Deductions and compute income tax payable for the entire year & the tax to be paid this month
  2. Auto calculation of TDS based on Projections
  3. Income Tax Projections with the options to deduct projected tds from Monthly Salary
  4. Prints Form 16, 12BA & Online Challan 281
  5. Quarterly e-TDS Return as per the NSDL format
  6. Income Tax Projections can be emailed in PDF format
      Full & Final Settlement
  1. Employees Full & Final settlement can be prepared based on resignation of employees either in the current month or in the previous month
  2. Automatically calculates outstanding Loan balances, Notice pay and Leave Encashment , Gratuity and recovers all Loan balances and Income Tax.
  3. Generates Full & Final Settlement Calculation sheet for all the calculations done
      User Defined Reports
  1. User Defined Reports with the option to choose from the available field, user can define his own customized columnar reports
  2. Sorting, Grouping, Sub-total, Grand-total & Conditions can be defined
  1. Output reports to screen, printer, MS Word & Excel
  2. Option to preview Payslips / Salary Sheets or any other reports on screen before final printing
  3. Print Transaction & Master History for any period
  4. Generating report is made easy with an advanced filter function to select the relevant employees or groups for the report
  5. Prints any of our report for the previous periods.
      Data Import (Masters, Salary & Leave Record)
  1. Employee & Payroll Data if available in Excel can Imported to our software
      HR Functions
  1. General Information
  2. Personal Information
  3. Address/ Contact details
  4. Employee Qualification
  5. Family Members/ Emergency contacts/ PF Nominee/ LIC Nominee/ Gratuity Nominee
  6. Work Experience
  7. Passport/Visa details
  8. LIC details
  9. Hobbies
  10. Achievements
  11. Vehicle/ Driving Licence details
  12. Employee Trainings
  13. Employee Appraisals/ Questions/ Question Groups/ Questionnaire Designer
  14. Employees Documents/ Photos / Attachments
  15. Employee Targets/ Commitments
  16. Employee Skills
  17. Complete Tracking of Employee Movement between Branches Departments/ Grades/ Designations
  18. Various Reminder
      Reimbursement & Claim Management
  1. Creation of different reimbursement heads.
  2. Employee can submit Reimbursement claim online.
  3. Employee can attached soft copy of his reimbursement bills.
  4. Reimbursement balance, entitlement, Summary, Ledger
  5. Approval Workflow – Accepted & Rejected with auto mail Intimation
      Online TDS Declaration Management
  1. Employee can submit Income Tax Declaration Online
  2. Employee can attached soft copy of his declaration proof.
  3. Income Tax projection report – Projected & Actual Basis
  4. Approval Workflow – Accepted & Rejected with auto email Intimation
      Tax Planner
  1. Enter the Investment details and get the instant projections for TDS.
  2. Tax planning can be done with this tool easily, by testing various combinations of testing and get the best combination.
      User Rights
  1. Users can be created
  2. User Level Rights can be created and managed
  3. Role based Security Model/ Assign rights to Payroll Officers for Managing different groups of employees
      Software Architecture
  1. Completely Web based product
  2. Designed using State of art technology. ASP.NET 3.5 + MS SQL
  3. Software installation on clients machines are not required.
  4. All authorized personnel can login to the system and do the required functionality as per their rights
  5. Audit Trails
  1. News
  2. Announcements
  3. Company Documents
  4. FAQ
  5. Kiosk
  6. Polls
  7. Query
  8. SurveysLeave Application
  9. Reimbursement Request
  10. TDS Declaration
      Employee Self Service Module
  1. Each employee is provided with an online account
  2. Employees can login and view their
    1. Payslips
    2. Yearly Salary Register
    3. Loan / Advances Recovery/ Balance
    4. Reimbursement Payments / Balance / Status
    5. Income Tax Projections
  3. Submit their Income Tax Declarations
  4. Submit Leave Application
  5. Submit Reimbursement Bills.
  6. ESS gives employees direct access to their month-end / year-end paperwork. They can download, print and save these documents themselves
  7. Delivers significant cost & time savings for Payroll/HR department.
  8. Improves administrative responsiveness & efficiency.
  9. Enables greater employee satisfaction, fuels productivity
      Other Add on Modules
  1. Integration of Payroll Software with Tally
  2. Cheque Printing Module
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Sensys Technologies Pvt Ltd, 904, 905, 906, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai - 400063., INDIA | Cell: 766 990 4748 | Email

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