ADVANTUM Payroll

ADVANTUM Payroll is a multi-user, multi-company software that handles any standard payroll process. It allows for a multi-company and hierarchical management of company accounts. There is also an accounting interface that provides details on salaries, taxes and deductions along with their associated accounts and sub-accounts. It interfaces with your HRMS and Financial application and also seamlessly integrates with ADVANTUM eLabour and ADVANTUM Financials accounting system.

Employee Management

• Configure at the employee, department, group and global levels
• Define and customize pay item and special payment rules based on the context applied.
• Set approval user controls

Leave & Attendance Management

• Manage all leave, attendance, and related policies
• Automatically generate time sheet for hourly paid staff and accept time sheet information from external source(s)
• Manage standard and complex time sheet entries (record hours worked and generate benefits based on work type and hours)
• Accept time and attendance input

Payroll Processing

• Automatically calculate income, deductions (including statutory) and company contributions as per the requirements.
• Generate cheques, pay slips and direct bank payments
• Plan, calculate and manage incentives, bonus payments, retroactive payments, increases in salaries and allowances (project costs and apply at specified date)
• Manage multiple payroll types (weekly, fortnightly, monthly etc.)
• Manage ad hoc payments (ability to generate special one-off payments etc.)
• Track payroll changes over selected periods.
• Produce ACH files for interface with banking platforms for salary deductions transfers
• Produce journals for interface with accounting system such as ADVANTUM Financials.
• Interface with external HR and accounting systems

Month/Year-End Procedures

• Generate reports at the end of each accounting period