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More from SENSYS TECHNOLOGIES PVT. LTD

Description

HRMThread is a web hosted Human Resource Management Solution that help organizations manage the HR front effectively and efficiently. The solution provides easy accessibility to payroll and all information pertaining to employee management like recruitment, Tax planning, employee self-service, attendance, leave, time sheets, training, etc.

Product Features

HRMThread acts as one stop shop for undertaking all HR/employee management activities through a web hosted platform. The solution enables the HR team keep a track of the events like staff on boarding, training, attendance, leaves and payroll, employee self-service, etc.

Flexible Structure building capability of Earnings & Deductions:
• Flexibility to add or modify any number of Salary Components - Earnings & Deductions
• User Defined Entry Field with unmatched flexibility for Formula, percentage or Customized Calculation
• Taxable & Non Taxable Earnings for Income Tax Calculations
• Payslip/Non Payslip Component
• Calculation based on Attendance
• Monthly or Yearly Payments
• Frequency of Salary Head
• Also compute various other components that do not appear in Payslip

Leave & Attendance Management:
• Leave Rules can be defined
• Yearly Credit of Leave/Pro rata basis
• Monthly Increment of Leave/Pro-rata basis
• Carry forward facility for balance leave
• Encashment of Leave/Encashment in excess of Leave
• Leave Utilisation & Balance can be checked
• CL, PL, SL, Compensatory & Customizable Leaves
• Automatic Leave pay-out on termination of Employees (in Full & Final Settlement)
• Attendance Arrears.
• Attendance/Leave Ledger
• Monthly Attendance Register & Yearly Attendance Summary
• Submission of online Leave Application and supporting workflow
• Swipe card/Attendance machine if any can be linked to the software

Loan and Advance Management:
• User Definable Loans/Advances (Multiple)
• Loan Disbursement option with EMI option
• Automatic recovery of EMI & stops automatically once the Loan amount is totally recovered
• Auto calculation of Interest on Loans based on Flat Interest, Reducing Balance
• Lump sum recovery of Loan
• Interest free Loan Perquisites as per Income Tax
• Loan Recovered, Loan Balances & Loans History – Employee wise
• Loan Ledger
• Online submission of Loan Application and supporting workflow

Payroll Processing:
• Input information for all newly joined employees and exit left employees
• Create a new payroll month & Process Salary
• Over-ride facility for any salary components
• Salary on hold & Freezing of salary in case of termination of employees
• Process by Exception – a user only needs to enter Pay and/or deduction information when there are changes
• Pro-rata calculations for employees based on absenteeism
• Process & Print Payslips for groups or for selected employees
• Lock month facility to avoid changes in Processed Data

Salary Reports (Payslip & Salary Sheet):
• Automatically calculates all the income, deductions & Company Contributions as per the requirement
• Regular Payslips (with Logo) can be viewed or emailed
• Reimbursement Payslips can be viewed or emailed
• User defined Salary Sheets can be viewed
• Generates Cash/Cheque/Bank Transfer List
• Generate Bank Statement, Direct Electronic Bank transfer files & Covering Letter for Banks
• YTD salary Sheet & Summary of each employee
• Separate Payslips can be generated for Arrears, Medical, Reimbursement & LTA

Bank Transfers:
• Bank Transfer Statement facility available for all the banks
• Soft copy format also available in Excel or any format specified by different banks
• Bank Transfer Statements can be generated for both Regular, Reimbursement Payments & Supplementary Payments
• Covering Letters
• Cheque/Bank Transfer/Cash List

Reimbursement Management:
• Multiple Reimbursement Components like Medical , LTA & Customizable Reimbursement Components
• Upper limits can be specified – Employee wise or Grade wise
• Annual Limits or Monthly Accruals
• Opening Balance, Entitlement, Amount Reimbursed and Balance amount can be checked
• Reimbursement Payslips, Bank transfer statement for Reimbursement Component

Arrears Calculation:
• Arrears calculation for any previous period/Retrospective effect
• Separate Payslips can be generated for the Arrears Components
• Bank transfer statement for Arrears Components

Other Payments:
• Arrears Calculations
• Overtime, Gratuity, Bonus & Ex-gratia Calculation
• Reimbursement - Medical, LTA or any other user definable reimbursement
• Supplementary Payments
• Monthly Reconciliation - allow us to compare the changes in the pay components from last month to current month or for any number of months

PF Calculation & Reports:
• User defined PF Rate of Deduction for Employer & Employee
• Employee & Employer Contribution
• Automatic Bifurcation of EPF & EPS
• PF applicability check at Employee Level & Options to Limit Maximum Salary for PF Deduction
• Auto generation of Electronic Challan cum Return (.ECR) file
• Form 5, 10, 12A, 3A, 6A, 9, 11, Challan & Reconciliation Statement

ESIS Calculation & Reports:
• User defined ESIC Rate of Deduction for Employer & Employee
• ESIC applicability check at Employee Level
• Monthly Excel sheet for direct uploading on ESIC Website
• ESIC Register, Form 5, 6 & Challan

Professional Tax:
• User definable State wise Slab
• PT applicability check at Employee Level
• Form III & Challan

Income Tax Management:
• Auto calculations of Exemptions & Deductions and compute Income Tax payable for the entire year & the tax to be paid this month
• Auto calculation of TDS based on Projections
• Income Tax Projections with the options to deduct projected TDS from Monthly Salary
• Prints Form 16, 16AA, 12BA & Challan 281
• Quarterly e-TDS Return as per the NSDL format
• Income Tax Projections can be emailed in PDF format

Full & Final Settlement:
• Employees Full & Final settlement can be prepared based on resignation of employees either in the current month or in the previous month
• Automatically calculates outstanding Loan balances, Notice pay and Leave Encashment, Gratuity and recovers all Loan balances and Income Tax
• Generates Full & Final Settlement Calculation sheet for all the calculations done

User Defined Reports:
• User Defined Reports with the option to choose from the available field, user can define his own customized columnar reports
• Sorting, Grouping, Sub-total, Grand-total & Conditions can be defined

About The Company
Sensys Technologies is a software development house with proven expertise in systems and application Developments, which is used to offer solutions across vertical segments, Software Development Consulting, Workflow Solutions, Outsourcing, Business Intelligence solutions, Web Architecture, & Data Warehousing. Sensys Technologies offers high quality solutions and services enabling customers to derive maximum value and benefit by providing licensed and state-of-the-art solutions and applications. 

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