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Description
There is a limitless variety of payment types available, such as regular, hourly, salary, and overtime rates, with effective start and end dates for each pay rate. Payment structures can be configured to adhere to specific limits based on pay periods and year-to-date (YTD) calculations. Each employee can have an unlimited number of deductions applied, with the flexibility to set their frequency as monthly, annually, per pay period, or quarterly, while also adhering to limits based on pay periods, YTD, and lifetime deductions (LTD). The system is capable of calculating and collecting any arrears owed. Additionally, direct deposit options can be utilized for any deductions made. Retirement plans, including employer-sponsored 401K and 403B options, are fully supported, along with compliance for all federal, state, and local taxes, including Social Security and Medicare deductions. Furthermore, calculations for FUTA and state unemployment taxes are systematically managed. The platform features a table-driven definition for tracking entitlement accruals for vacation days, holidays, floaters, and other approved leaves, with automatic enrollment for employees based on qualifications determined by seniority or hire date. An extensive audit trail is maintained for all accrued benefits and the time taken related to LTD. The setup for all benefit plans, including medical, dental, and insurance, is also table-driven, ensuring that employer-paid benefits are automatically calculated and accurately reflected. This comprehensive approach ensures that both employees and employers have a clear understanding of their financial obligations and entitlements.
Description
Payroll software, available in cities like Pune and Mumbai, is designed to facilitate and automate the payment processes for a company's workforce. This software simplifies the overall expense management associated with compensating employees for their work during a specified timeframe. Typically overseen by the accounting division, payroll tasks in smaller organizations might be directly managed by the business owner or a designated staff member. Additionally, payroll encompasses not only the monetary compensation owed to employees but also serves as a comprehensive list detailing each employee's financial entitlements. As a significant cost for most enterprises, payroll expenses are generally tax-deductible. In essence, payroll accounts for all financial documentation related to employee salaries, including wages, bonuses, and applicable deductions. The importance of an efficient payroll system cannot be overstated, as it significantly impacts employee satisfaction and the overall financial health of the company.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$250 one-time payment
Free Trial
No
Free Version
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
Yes
iPad App
Yes
Android App
Yes
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
EmpowerFinancials
Country
United States
Website
www.empowerfin.com
Vendor Details
Company Name
SoftR InfoTech
Founded
2013
Country
India
Website
www.softrinfotech.com
Product Features
Payroll
401(k) Tracking
Yes
Attendance Management
No
Benefits Management
Yes
Check Printing
Yes
Compensation Management
No
Deductions Management
Yes
Direct Deposit
Yes
Multi-Country
No
Multi-State
No
Reporting/Analytics
Yes
Self Service Portal
No
Tax Compliance
No
Vacation / Leave Tracking
No
W-2 and 1099 Preparation
Yes
Wage Garnishment
No
Product Features
Payroll
401(k) Tracking
No
Attendance Management
Yes
Benefits Management
Yes
Check Printing
Yes
Compensation Management
Yes
Deductions Management
Yes
Direct Deposit
No
Multi-Country
Yes
Multi-State
Yes
Reporting/Analytics
Yes
Self Service Portal
Yes
Tax Compliance
Yes
Vacation / Leave Tracking
Yes
W-2 and 1099 Preparation
No
Wage Garnishment
No
