How does online HRMS & payroll software play a vital role for managing people in an organization?

This trend has a profound impact on our office and business environment too. As far as HRMS is concerned, technology has brought people together and has kept us well connected, though we could be miles apart physically. Our tasks can now be performed seamlessly and without any major hassles

The world over, organizaions are making the switch to cloud technology for their HR & Payroll needs. There are multiple reasons for this: cost-effectiveness and accuracy for compliance with a reduced obligation for support.

This trend has a profound impact on our office and business environment too. As far as HRMS is concerned, technology has brought people together and has kept us well connected, though we could be miles apart physically. Our tasks can now be performed seamlessly and without any major hassles

Five top advantages of an online HRMS/Payroll Software are here as follows

  1. Easy access: Online software can be accessed by authorised personnel from anywhere, from any system and at any time for processing or for any purpose. There is no need to log into one particular system alone.
  2. Business continuity: Support business continuity or disaster recovery requirements in case of any eventuality. Both the software and data are securely backed up in multiple back-up servers at different locations by service providers to prevent any loss of data and time.
  3. Flexibility for multi users: Cloud-based HRMS products are flexible for customisation to specific user needs, workflows, reports, MIS, link to different internal systems such as accounting, time & leave management or HR softwares or external systems such as government systems or banking softwares.
  4. Timely support/ maintenance/ automatic updates: System maintenance, upgraded software, new features on application, auto-updates of statutory compliances, latest security firewalls, access or system risk controls as required by auditors are all managed by service providers. This is very helpful as many aspects in payroll such as computations, statutory compliances and reports are common for most organisations. The only thing you will own here is employee data.
  5. Affordable as a subscription, reduces IT related costs: Online solutions are now offered by service providers as a SaaS (Software as a Service) and comes with monthly/quarterly subscriptions. There is no need to purchase a server(s), which in turn reduces its maintenance, infrastructure, environment, upgrading, security and manpower costs straightaway.