Payroll accounting is among the most important processes of a company, irrespective of its size. While it may seem rather simple, in reality, it involves multiple tasks such as calculating, analyzing, managing and recording all details of the compensation provided to the employees. Manual payroll accounting may seem to be cheaper at first glance, but it also leaves a lot of room for errors, which can prove to be detrimental for company interests.
A customized payroll management software can ensure a faster and more effective calculation of employee payments with a minimal error margin. Implementing a robust payroll software can help keep all operations related to employee payrolls and the related taxes well organized. The best payroll management system needs to not only be cost-effective, but also streamline all processes including salary calculation, deductions, employee work hour tracking, tax payments, and so on. If you are on the lookout for an all-encompassing payroll management system that can simplify your payroll processing tasks, Silwatech can help you with the best solution.
Silwatech holds expertise in developing some of the most successful payroll management software in UAE and beyond. Our software system is designed with a host of innovative features that make payroll accounting a hassle-free process. Along with being easy to use, our advanced solutions come with a high level of flexibility which allows us to perfectly customize it according to the specific business or industry needs.
At Silwatech, we are aware that the needs of businesses undergo constant changes. Keeping that in mind, our payroll management systems are designed to be scalable enough to match your growing business requirements. With our effective automated payroll accounting solution, you can expect to save both time and money, without compromising on accuracy.
Fully scalable to meet changing business requirements
Fast and easy deployment
Cloud-based software is easy to access from anywhere
Can be used both as stand-alone software or in combination with our other HRMS solutions
At Silwatech, we have a team of highly qualified developers dedicated to revolutionizing the realm of payroll software in the UAE. With years of experience in crafting dedicated solutions to simplify business processes, we assure you of a feature-rich automated payroll accounting system. From performing precise calculations to generating payment slips and deducting taxes — you can do it all from a single integrated platform.
This module of our payroll software covers:
Salary rules and calculation for multiple pay groups
Automated management of leaves, PF, etc.
Auto deduction on late coming and early going
Penalty based salary deductions
Define multiple fines as per the requirement with deduction type amount/days/hours
And more
This module of our payroll management software includes:
Daily, monthly and hourly calculation types
Monthly attendance data fetching based on last/overlap/current month
Manual form for monthly attendance data entry
Periodically and monthly allowance and deduction entries
And more
This module of our payroll software allows you to perform:
Bulk transactions entries
Salary advance recovery
Hold salary and stop payment features
Provision for manual, auto, and intermediate salary generation process
Auto and manual lock facility for payslip
Bank file generation on various formats
And more
This module of our payroll management software provides:
Investment type and slab definition
Employee wise investment declaration
Auto release and deduction on arrear calculation
Arrear calculation on late increment, absenteeism deductions, post leave application
Mass arrear settlement
Management of Employee State Insurance (ESI)
All relevant reports
And more
Gratuity bonus and reimbursement module of our payroll software includes:
Labor Welfare Fund (LWF) structure definition
LWF Calculation with arrears
Parameter based gratuity definition
Gratuity and tax calculation
Bonus & Ex-gratia applicability definition
Bonus provision and calculation
Reimbursement definition, plan, claim, and payment
Tax calculation on perquisites
Retention calculation for seasonal employees
Retention Payment
And more
Loan and advance module of our payroll management software covers:
Loan policy definition
Loan disbursement
Loan repayment
Capital and interest deduction
Traveling and halting allowance
LTC & penalty deduction home
At Silwatech, we have the required expertise in designing the best payroll management software for all types of businesses. We are wholly committed to developing custom-made software solutions to automate every aspect of your payroll accounting process. With our effective software, you can bid adieu to delays and errors on your part.
Businesses that use integrated payroll and HR software are likely to notice a 36% improvement in employee productivity
The payroll software market is expected to grow at a rate of 9% over the next 6 years
Using payroll software can help reduce up to 80% of associated costs
Around 40% of companies prefer cloud-based HR software
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