As per the company, they have achieved a significant growth in the payroll management software market share this year.
Online PR News – 03-January-2017 – Pune/Maharashtra – As per the company, they have achieved a significant growth in the payroll management software market share this year. Out of the various implementations of the payroll software done by the company this year around 55% of them were the replacements of the client’s legacy payroll software with the Eillysis’s product.rnFollowing are some of the features present in the software that has helped them to grow in the market. These features claim to help the HR department, the Finance Department as well as help the organization in being compliant with the statutory compliance:-rnFinance Departmentrn• The payroll management software shall help the organization in maintaining an employee master and carry out regular audit trails for the earnings as well as deductionsrn• Automated and accurate calculation of the TDSrn• Automated generation of digitally signed Form 16.rn• Automated upload of the NEFT file in the bank approved formatrn• Automated upload of the quarterly or annually e-TDS return in the NSDL type formatrn• Allows easy integration with the existing ERP or financial accounting softwarern• Tracking of the loans availed by employees and calculation of EMIs accordinglyrn• Easy MIS reports generation with better dashboard as compared to the previous version of the software rnStatutory CompliancernThis software can also be termed as the payroll management software for India as it has been upgraded according to the latest amendments in the Indian labor laws that govern the operations of a company in India. Therefore a company using this software does not need to worry about any compliance related issues. rn• Automated creation of professional tax statement of the employeesrn• Automated reconciliation of the employee’s provident fundrn• Easy submission of various forms like Form 6A, 3A, 5, 12A, 9, 10, ECR as well as provident fund challan online with the help of an inbuilt scriptrn• Automated generation of the ESIC Form 6rn• Easy reconciliation of the Income Tax Challan, eTDS Returns, Form 16 etc. rnHR Departmentrn• Allows direct update in the employee master data rn• Allows easy updates in the employee job historyrn• Helps in consolidating employee’s salary, attendance as well as investment declaration for tax saving rn• As per the company announcement, it allows an easy, bulk as well as afinal settlement along with the provisional Form 16.rn• Has the capability for the mass update of the deduction and earning codern• Helps in keeping a check on the employee’s leave regularizationrn• Automated calculation of arrears, if any.rn• Easily manage the release of salary or hold it as per the employment status of the employeern• One click generation of the MIS reports with improvized dashboard. New functionalities have been introduced by the company in the dashboard as per the recommendations of the existing clients. The report now can be extracted in various formats like Excel, PDF, text etc. rnThe company offers a 60 days trial version of the software to have a hang of it and test it, in and out. The organizations wishing to test the software for their organization can directly login to their website and fill up the request form. The sales representative will soon get in touch for an appointment.rnAbout the CompanyrnEilisys is an IT company which has been in existence for 15 years. Its expertise is in HR and smart payroll solutions. The company is headed by Mr. Atul Alurkar who currently holds the position of the CEO of the company. Under his dynamic leadership, the company has been achieve profitable growth over the years.