2013-08-28 14:37:33 - Every single business in the globe is incomplete without a credible payroll system. And till date, there hasn’t been any software which is a perfect combination of comprehensiveness and interactivity, such that it can be used by SMEs as well as large enterprises. Incept claims to have filled that gap, and come up with something really novel here.
Payroll Software is used by companies across the globe for managing the salaries of employees along with various other HR and Taxation needs. As per a recent survey done by Incept Training Academy; more than 90% of micro/small sized businesses in India still use Excel sheets to manage their payroll. And most of them are dissatisfied with the complexity involved. And interestingly, almost all medium or large sized organization needs a separate software for the same, which may be developed in house or bought through a third party. And yet, there is dissatisfaction all across.
Moreover, though the need of software is definitely clear to all the above mentioned groups, their need is still a dream, due to the less
number of high end software available in the market for the same. Incept Timelabs fills this gap existent in the market, as its able to offer something of the highest comprehensiveness possible at a cost effective rate, while retaining properties which are loved by SMEs as well as Large businesses, separately.
Statutory rules by government require you to maintain a set of reports in India. The case of UAE is definitely relaxed, but still involves certain statutory procedures. And a software which can be easily be tweaked to suit any government is the one preferred by businesses. The case becomes even more complex with different states of India, which have varying rules related to Taxation related Reports, etc. So, the system must be able to satisfy any possible state of India, some of which seem poles apart.
Moreover, such payroll software can be client based, web server based, or cloud based. Considering the latest trends of business, only web based or cloud based systems are preferred. After all, every company wants to think of the future. It helps if the payroll software can also perform additional operations like Appraisal Management, Loan or Advance Management, and so on. There are various software in the market, but Incept seems to have tracked this down to the perfect optimized state.
Choice of Attendance Monitoring System: If the software being used for payroll has a limited compatibility, its a problem. And the same has been faced by various companies, especially in India, where consumerism is dominated by business growth-focused strategies. But Incept Timelabs claims to be compatible with almost all major brands used for Attendance Management System, Biometric or otherwise.
Flaws in the System: It will be unwise for us to not give a neutral picture of the software which is being reinvented by Incept and launched under the name “Incept Timelabs”, and hence an unprecedented effort has been made towards looking at various flaws in the software. Due to such ubiquitous attempts at finding the cons of the software, we were able to find a few points related to its Auto-Calculator System. And the same has been conveyed to the team, with a promise that the changes will be incorporated even before the news becomes live.
In addition to the above, says Dhiraj Hakke, Technology Manager of Incept, on this software: “This is going to change the business world in developing economies of India and Africa, while also offering something new for the entire Middle East.” Having been successfully used by various companies globally, time alone will be able tell the rest about the success of this web based payroll system.