Our Payroll Software Solutions – Available For Cloud & In Premise Set-Up

A Software for large, medium and small-scale organisations/enterprise (A Payroll Software with a Difference)

Living in the digital era and managing your business payroll manually is unnecessary and inefficient especially when you have salaries to process for a good number of staff, tax payable to compute, deductions and employee’s liabilities to calculate.

Currently, there are numerous payroll software solutions available in Nigeria to assist business owners in this particular task. To help you address your specific payroll concerns, we will be reviewing PayDayNG payroll solutions.

If you need information about your payroll maintenance services or you want Magnet Consulting to manage your payroll system, call 01-4542116, 08084708847. Visit the Magnet Group blog for more tips on managing your payroll.

PaydayNG Payroll software is software that helps HR managers to perform payroll, deductions and tax related functions effectively

It tracks all activities of an Employee in an organization. So, it is not just an ordinary payroll software.

Why Paydayng Payroll Software

Here are a few reasons to choose a Paydayng as your preferred payroll management software for your business:

1. It is a web application
2. User-friendly interfaces for your payroll management
3. It is customizable
4. World wide access, No virus, Access via mobile device, Easy to update
5. Quick Data Migration
6. Integration with Biometric Device or Existing System
7. Multiple Companies and Location support
8. Powerful reporting
9. Export to Excel/PDF/Word for all list and report

Benefits of PayDayNG Payroll Solutions

Here are some of the highlights that make PayDayNg the best Payroll software for your business:

1. Employee Information

• Employee personal details, contact details, qualification, Emergency details, guarantor details e.t.c
• Employee Payment method
• Employee transfer, promotion, and separation
• Employee history record and lots more

2. Time Management (Attendance + Shift)

• Attendance Calendar management
• Real-time data from Biometric/Swipe card device/ Face recognition system
• Attendance month setup to take into account the cut-off provision- pay salary on date 1st of every month e.t.c
• Attendance can be imported through excel sheet
• Employee shift rotation facility
• Flexible and regular shift types with night shift functionality
• Dynamic off-day/ week-off setup according to state, Branch, Employee Grade/Cadre or Employee specific
• Timing policies for grace period, late hours, working hours e.t.c
• Set any working day to non – working day and vice versa in case of riots e.t.c
• Employee overtime management

3. Payroll Processing

• Leave management
• Loan and Advance management
• Loan and Advance EMI deduction automatic and displayed in salary slip
• Loan rescheduling, stop payment and settlement options
• Interest on loan calculation if required
• Allowance Earning/deduction can be defined
• Dynamic salary formula creation
• On attendance and non – attendance pay heads
• Salaries reprocess and posting features

4. Recruitment

PayDayNg Payroll Management Software can also help businesses in their recruitment:

• A Web-based automated system for recruitment process
• It helps your recruiters and recruitment Managers to easily manage the candidate resumes, posts jobs to various sources, shortlist eligible candidates, manage candidate Interviews and send offer letters
• HR/Admin can decide the interview panel for each recruitment process individually and rating for each process with interview date and time.

5. Training

PayDayNg Payroll Software will come handy in training management in the following ways:

• All details regarding the training to be conducted viz. date, time venue, budget, Candidates participating, alert to each participant irrespective of branch, department etc can be decided here.
• Training Calendar that shows all the upcoming training scheduled
• If training is conducted by external/internal source then the details of the external/internal source can be entered here.
• Employee feedback
• Shows history of all training conducted and the score of each participant/s and lots more.

6. Performance Management system

• Key result area and key performance indicator defined
• KRA Evaluation setting
• HOD and Employee appraisal score
• Competence report and lots more

7. Employee Loan Management

• Loan application
• Loan reschedule
• Monthly loan statement
• Load details
• Loan installment report
• Pending loan
• Loan payment
• Loan interest report
• View the dashboard here

8. Employee leave management

• Entitlement
  • Leave Balances
• Transaction
  • Leave carry forward
  • Monthly leave balance
  • Leave absent report

9. Statutory deduction

• Automatic calculation of PAYE deductions in accordance with PITA as amended by 2011 Amendment act.
• Employers and employee pension contribution deduction
• NSITF, GLI, NHF and other statutory deduction.
• Statutory Reports
  • Statutory reports
  • Monthly Pension Contribution
  • Monthly Employee Pension Contribution
  • Monthly Employer Pension Contribution
  • Monthly PAYE Deduction
  • Monthly NHF Deduction
  • Monthly NSITF Deduction
  • Monthly GLI Deduction
  • Monthly Gratuity Deduction

10. Biometric Machine Integration with PaydayNG Software

• Biometric Device Data Extract
• Daily Device Attendance Extraction
• Warnings
• Manual Internal Data Process

11. Transfer, Promotion, and Increments

• Transfer Details (Shift/Department)
• Promotion Details(Post/Salary)

12. Exit-Separation Notification and verification

• Employee can apply online application & Notification to superior and one approval
• Exit Module feedback and Full and final settlement.

13. Web-based solution & User-friendly interfaceSoftware Value Additions:

• Easy Data Migration
• Export to Excel/PDF from all the Pages and Reports
• Flexible to integrate with Biometric device, Face recognition system, Legacy system, ERP systems
• Easy new features or remove any existing feature
• Easy to learn & operate by non-Computer background Employees.
• Advance Search facility
• Powerful reporting tool
• Task Alert and Reminders

PaydayNG Payroll Software provides Employee and Manager Self-service such that employee can:

1. Apply for Leave
2. Employee Asset requisition
3. Make Loan/Advance requisition
4. Submit suggestions
5. Submit survey, feedback, self-evaluation e.t.c
6. View training calendar
7. View Employee profile information
8. Download salary slip
9. View attendance details
10. View Leave application approval/rejection and Leave balances

The payroll software has

• A Role-based privilege easy to setup for employee role and authority
• Separate Dashboard for each employee and manager

Dashboard

Here is a sneak peek of the dashboard of the PayDayNg Payroll Software:

If you need more information about your payroll maintenance services or you want Magnet Consulting to manage your payroll system, call 01-4542116, 08084708847. Visit the Magnet Group blog for more tips on managing your payroll.