Investing in an HR system is one of the most significant steps that a company takes to automate processes linked to satisfaction of human capital. Good, well-structured HR software helps businesses to automate various operations like recruiting, on-boarding, training, payroll, attendance, performance management, and succession.
Before choosing the right kind of HR management software for an organization, make sure that the HR software tackles tasks in an efficient, systematic fashion which can be configured according to the requirement of the organization, now that these are performed in a paperless manner. HR software is essentially a conglomeration of numerous modules, each of which is tailored to a certain HR function.
It eases the HR department's record-keeping, computing, and communication functions which often tend to take up so much time. Turning to HR software, frees the HR and allows them to focus more on strategic initiatives, such as culture and employee welfare, that tends to set apart an organization from the crowd. This partial automation of manual, monotonous tasks has the potential to lower labour costs, streamline HR processes, and improve efficiency.
One of the most important modules in HR software is Payroll Management. The most coherent HR management software must have the provision of processing payroll as it is a crucial function carried out by HR department. There are many challenges one has to go through to conduct this process in a hassle-free manner. A company maybe using Google sheets and Excel to record their data, and bring it all together while the salary is being computed but it may take a long time to streamline it manually. Adding and removing salary heads, tax deduction, and various other calculations are taken care of with a Payroll manager. Also, issues of no proper backup may pop up, or cross-referencing of cells in Excel is possible. In such a case, cloud HR software solution which offers Payroll processing a boon.
Sometimes, HR counter the problem of changes in salary at the last moment when it is about to be dispersed by the company to its employees. These, last-minute changes can be efficiently managed and included by the system with just a few clicks without having to conduct the process from the beginning.
The payroll process is a time-consuming and tedious process for almost all businesses, ripe for costly errors and fines. Prodigious offers organizations to relieve their HR administrators of performing the task of calculating tax, deductions, and other financial aspects of their employees' support. Some of the features offered by Prodigious to counter issues of payroll are as follows:
1. Easy Payroll Processing
Prodigious allows the user to process a complex function like Payroll with a few clicks through the user Dashboard itself so that it doesn't take days to carry out this tiresome task.
2. Complex Salary Structure
Different organizations have different salary structures. Hence, it can be configured to tackle any kind of complexity in salary structures.
3. Unlimited Salary Components
It can create any number of salary components as per business needs.
4. Process Increments with Salary
The user may twist the system to process increments automatically along with salary.
5. Process Arrears with Salary
Arrears can be included and calculated along with the salary of an employee if required by the organisation.
6. Process Arrears Separately
It is not imperative to add the arrear calculation alongside the salary being dispersed to the employees. Hence, Prodigious also supports separate arrear calculation and dispersion.
7. One Time Payments and Deductions
One time payments or deductions are supported as any firm must move in an organized fashion
8. Bank Transfer Report
The bank statement can be generated from the system post the dispersion and distribution of salary.
9. Loan & Advances Deductions
Loans and Advances can be deducted from salary.
10. Payroll Reconciliation
Prodigious promotes practices such as transparency, so, all the data related to the payroll is granular and open.
11. Calculate Leave without Pay (LWP)
LWP can also be adjusted in Salary if required by the company.
12. Block or Hold Salary
The salary of some employees can be kept on Hold if needed.
13. Perk Management
Multiple Perks provided by an organization to employee/s for their good performance can be managed.
14. Fund Management
Multiple Funds can be configured.
15. Employee State Insurance (ESI)
ESI can also be configured through the system software.
16. Provident Funds (PF)
PF configuration and calculation are offered by Prodigious.
17. Customised Salary Reports
Salary reports as per the needs of the company can be customized.
Copyright © MTech India Pvt. Ltd. All rights reserved
All documents and information made available on this website contains trade secret and confidential information which is the property of MTech India Pvt. Ltd.,New Delhi or its affiliates, and is furnished for the sole purpose of the operation and maintenance of the products of MTech India Pvt. Ltd. No part of this information /documentation is to be used for any other purpose, and is not to be reproduced, copied, disclosed, transmitted, stored in a retrieval system or translated into any human or computer language, in any form, by any means, in whole or in part, without the express prior written consent of MTech India Pvt. Ltd.
The copying, use and disposition of this information / documentation and the software programs described herein is prohibited except to the limited extent set forth in the standard software license agreement(s) of MTech India Pvt.Ltd. covering such programs and related documentation. MTech India Pvt.Ltd. makes no representations and warranties concerning such software programs other than those set forth in such standard software license agreement(s). In addition, the liability of MTech India Pvt. for any losses or damages relating to or arising out of the use of such software programs is limited in the manner set forth in such standard software license agreement(s).
THE FOREGOING IS A GENERAL SUMMARY OF THE RESTRICTIONS AND LIMITATIONS IMPOSED BY MTECH INDIA PVT. LTD. ON THE USE OF, AND LIABILITY ARISING FROM, ITS COMPUTER SOFTWARE. FOR COMPLETE INFORMATION REFERENCE SHOULD BE MADE TO THE STANDARD SOFTWARE LICENSE AGREEMENT(S) OF MTECH INDIA PVT LTD., COPIES OF WHICH WILL BE MADE AVAILABLE UPON REQUEST.
MTech India Pvt. Ltd disclaims responsibility for errors which may appear in this document, and it reserves the right, in its sole discretion and without notice, to make substitutions and modifications in the products and practices described herein.
Part I – Information Prodigious collects and controls
We only collect the information that we actually need. Some of that is information that you actively give us when you sign up for an account, register for an event, ask for customer support, or buy something from us. We store your name and contact information, but we don't store credit card information’s. When you visit one of our websites or use our software, we automatically log some basic information like how you got to the site, where you navigated within it, and what features and settings you use. We use this information to improve our websites and services and to drive new product development.
Part II – Information that Prodigious processes on your behalf
If you handle other people's data using Prodigious application, such as information about your customers or employees, you are entrusting that data to us for processing. If you use a Prodigious mobile app and give the app access to your Phone Number, email address, GPS information for attendance purpose only and User photo , you are entrusting data to us. The data you entrust to us for processing is called service data.
You own your service data. We protect it, limit access to it, and only process it according to your instructions. You may access it, share it through third-party integrations, and request that we export or delete it.
We hold the data in your account as long as you choose to use Prodigious Services. After you terminate your account, your data will be automatically deactivated from our active database.
Part III – General
There are some limitations to the privacy we can promise you. We will disclose personal information if it's necessary to comply with a legal obligation, prevent fraud, enforce an agreement, or protect our users' safety. We do not currently honor Do Not Track signals from internet browsers; when a universal standard for processing them emerges, we will follow it.
You can always contact us to: ask questions about our privacy practices, request a GDPR-compliant Data Processing Addendum, alert us.
Copyright © MTech India Pvt. Ltd. All rights reserved
All documents and information made available on this website contains trade secret and confidential information which is the property of MTech India Pvt. Ltd.,New Delhi or its affiliates, and is furnished for the sole purpose of the operation and maintenance of the products of MTech India Pvt. Ltd. No part of this information /documentation is to be used for any other purpose, and is not to be reproduced, copied, disclosed, transmitted, stored in a retrieval system or translated into any human or computer language, in any form, by any means, in whole or in part, without the express prior written consent of MTech India Pvt. Ltd.
The copying, use and disposition of this information / documentation and the software programs described herein is prohibited except to the limited extent set forth in the standard software license agreement(s) of MTech India Pvt.Ltd. covering such programs and related documentation. MTech India Pvt.Ltd. makes no representations and warranties concerning such software programs other than those set forth in such standard software license agreement(s). In addition, the liability of MTech India Pvt. for any losses or damages relating to or arising out of the use of such software programs is limited in the manner set forth in such standard software license agreement(s).
THE FOREGOING IS A GENERAL SUMMARY OF THE RESTRICTIONS AND LIMITATIONS IMPOSED BY MTECH INDIA PVT. LTD. ON THE USE OF, AND LIABILITY ARISING FROM, ITS COMPUTER SOFTWARE. FOR COMPLETE INFORMATION REFERENCE SHOULD BE MADE TO THE STANDARD SOFTWARE LICENSE AGREEMENT(S) OF MTECH INDIA PVT LTD., COPIES OF WHICH WILL BE MADE AVAILABLE UPON REQUEST.
MTech India Pvt. Ltd disclaims responsibility for errors which may appear in this document, and it reserves the right, in its sole discretion and without notice, to make substitutions and modifications in the products and practices described herein.
Copyright © MTech India Pvt. Ltd. All rights reserved
All documents and information made available on this website contains trade secret and confidential information which is the property of MTech India Pvt. Ltd.,New Delhi or its affiliates, and is furnished for the sole purpose of the operation and maintenance of the products of MTech India Pvt. Ltd. No part of this information /documentation is to be used for any other purpose, and is not to be reproduced, copied, disclosed, transmitted, stored in a retrieval system or translated into any human or computer language, in any form, by any means, in whole or in part, without the express prior written consent of MTech India Pvt. Ltd.
The copying, use and disposition of this information / documentation and the software programs described herein is prohibited except to the limited extent set forth in the standard software license agreement(s) of MTech India Pvt.Ltd. covering such programs and related documentation. MTech India Pvt.Ltd. makes no representations and warranties concerning such software programs other than those set forth in such standard software license agreement(s). In addition, the liability of MTech India Pvt. for any losses or damages relating to or arising out of the use of such software programs is limited in the manner set forth in such standard software license agreement(s).
THE FOREGOING IS A GENERAL SUMMARY OF THE RESTRICTIONS AND LIMITATIONS IMPOSED BY MTECH INDIA PVT. LTD. ON THE USE OF, AND LIABILITY ARISING FROM, ITS COMPUTER SOFTWARE. FOR COMPLETE INFORMATION REFERENCE SHOULD BE MADE TO THE STANDARD SOFTWARE LICENSE AGREEMENT(S) OF MTECH INDIA PVT LTD., COPIES OF WHICH WILL BE MADE AVAILABLE UPON REQUEST.
MTech India Pvt. Ltd disclaims responsibility for errors which may appear in this document, and it reserves the right, in its sole discretion and without notice, to make substitutions and modifications in the products and practices described herein.
Copyright © MTech India Pvt. Ltd. All rights reserved
All documents and information made available on this website contains trade secret and confidential information which is the property of MTech India Pvt. Ltd.,New Delhi or its affiliates, and is furnished for the sole purpose of the operation and maintenance of the products of MTech India Pvt. Ltd. No part of this information /documentation is to be used for any other purpose, and is not to be reproduced, copied, disclosed, transmitted, stored in a retrieval system or translated into any human or computer language, in any form, by any means, in whole or in part, without the express prior written consent of MTech India Pvt. Ltd.
The copying, use and disposition of this information / documentation and the software programs described herein is prohibited except to the limited extent set forth in the standard software license agreement(s) of MTech India Pvt.Ltd. covering such programs and related documentation. MTech India Pvt.Ltd. makes no representations and warranties concerning such software programs other than those set forth in such standard software license agreement(s). In addition, the liability of MTech India Pvt. for any losses or damages relating to or arising out of the use of such software programs is limited in the manner set forth in such standard software license agreement(s).
THE FOREGOING IS A GENERAL SUMMARY OF THE RESTRICTIONS AND LIMITATIONS IMPOSED BY MTECH INDIA PVT. LTD. ON THE USE OF, AND LIABILITY ARISING FROM, ITS COMPUTER SOFTWARE. FOR COMPLETE INFORMATION REFERENCE SHOULD BE MADE TO THE STANDARD SOFTWARE LICENSE AGREEMENT(S) OF MTECH INDIA PVT LTD., COPIES OF WHICH WILL BE MADE AVAILABLE UPON REQUEST.
MTech India Pvt. Ltd disclaims responsibility for errors which may appear in this document, and it reserves the right, in its sole discretion and without notice, to make substitutions and modifications in the products and practices described herein.
Copyright © MTech India Pvt. Ltd. All rights reserved
All documents and information made available on this website contains trade secret and confidential information which is the property of MTech India Pvt. Ltd.,New Delhi or its affiliates, and is furnished for the sole purpose of the operation and maintenance of the products of MTech India Pvt. Ltd. No part of this information /documentation is to be used for any other purpose, and is not to be reproduced, copied, disclosed, transmitted, stored in a retrieval system or translated into any human or computer language, in any form, by any means, in whole or in part, without the express prior written consent of MTech India Pvt. Ltd.
The copying, use and disposition of this information / documentation and the software programs described herein is prohibited except to the limited extent set forth in the standard software license agreement(s) of MTech India Pvt.Ltd. covering such programs and related documentation. MTech India Pvt.Ltd. makes no representations and warranties concerning such software programs other than those set forth in such standard software license agreement(s). In addition, the liability of MTech India Pvt. for any losses or damages relating to or arising out of the use of such software programs is limited in the manner set forth in such standard software license agreement(s).
THE FOREGOING IS A GENERAL SUMMARY OF THE RESTRICTIONS AND LIMITATIONS IMPOSED BY MTECH INDIA PVT. LTD. ON THE USE OF, AND LIABILITY ARISING FROM, ITS COMPUTER SOFTWARE. FOR COMPLETE INFORMATION REFERENCE SHOULD BE MADE TO THE STANDARD SOFTWARE LICENSE AGREEMENT(S) OF MTECH INDIA PVT LTD., COPIES OF WHICH WILL BE MADE AVAILABLE UPON REQUEST.
MTech India Pvt. Ltd disclaims responsibility for errors which may appear in this document, and it reserves the right, in its sole discretion and without notice, to make substitutions and modifications in the products and practices described herein.
Copyright © MTech India Pvt. Ltd. All rights reserved
All documents and information made available on this website contains trade secret and confidential information which is the property of MTech India Pvt. Ltd.,New Delhi or its affiliates, and is furnished for the sole purpose of the operation and maintenance of the products of MTech India Pvt. Ltd. No part of this information /documentation is to be used for any other purpose, and is not to be reproduced, copied, disclosed, transmitted, stored in a retrieval system or translated into any human or computer language, in any form, by any means, in whole or in part, without the express prior written consent of MTech India Pvt. Ltd.
The copying, use and disposition of this information / documentation and the software programs described herein is prohibited except to the limited extent set forth in the standard software license agreement(s) of MTech India Pvt.Ltd. covering such programs and related documentation. MTech India Pvt.Ltd. makes no representations and warranties concerning such software programs other than those set forth in such standard software license agreement(s). In addition, the liability of MTech India Pvt. for any losses or damages relating to or arising out of the use of such software programs is limited in the manner set forth in such standard software license agreement(s).
THE FOREGOING IS A GENERAL SUMMARY OF THE RESTRICTIONS AND LIMITATIONS IMPOSED BY MTECH INDIA PVT. LTD. ON THE USE OF, AND LIABILITY ARISING FROM, ITS COMPUTER SOFTWARE. FOR COMPLETE INFORMATION REFERENCE SHOULD BE MADE TO THE STANDARD SOFTWARE LICENSE AGREEMENT(S) OF MTECH INDIA PVT LTD., COPIES OF WHICH WILL BE MADE AVAILABLE UPON REQUEST.
MTech India Pvt. Ltd disclaims responsibility for errors which may appear in this document, and it reserves the right, in its sole discretion and without notice, to make substitutions and modifications in the products and practices described herein.
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