BUSINESS NEWS - PayDay Virtual is an online Payroll and Human Capital Software Solution that offers businesses and its employees an enjoyable, stress free cloud experience.
What’s more advantageous is that it is a cost-effective solution to conventional business HR software. The solution is available 24/7 and accessible from any browser and device, such as desktops, laptops, smartphones and tablets.
What Makes It Different from Other Business Human Capital Systems?
For a start, its user friendly and doesn’t require intensive training. This implies that you can simply log in and starting the administrative work without having to get special training beforehand. The system is UIF and SARS compliant, reducing the need for manual updates to ensure compliance. It is also one of the most reputable, affordable and legislative compliant human capital software available for businesses.
With full system access control, you have the assurance that no one can make changes above their authorisation level. Data is safe and highly secure. As far as business HR systems are concerned, this is one solution which is as relevant to the small business owner as it is to a medium-sized or larger company.
Easy Setup and Management
You can easily migrate from any other business HR system. PayDay will handle the initial setup with predefined earnings and deductions to make a hassle-free migration. You do not even have to schedule and manage updates. All data is securely backed-up daily, ensuring that your data is always safe.
You can agree based on the above that it is one of the most cost-effective business solutions for small to medium sized businesses in South Africa. All software updates are handled by PayDay, ensuring that the system is always legislatively compliant. You can therefore rely on the software rather than having to be concerned about installations and updates.
HUMAN CAPITAL - ON-PREMISE HYBRID OFFERING
This includes PayDay Prime deployed on premise for access via the traditional desktop route in addition to accessing the system through the browser.
PayDay’s Human Capital software provides users with a fully integrated HR system that's simple, effective and efficient.
Core Features Include:
• Easy to learn and use.
• Multiple inputs per screen per employee.
• Data integration between the Payroll module and the Human Resources module.
• Descriptions are used throughout the HR module to setup codes that will standardise input into the system.
• Linked to Skills and Equity modules for generating statutory reports.
• Contains system and user messages to remind end-users of important dates e.g. expiry dates.
• System updates - to ensure legislative compliance.
• Standard reporting features.
• Secured PDF payslip printing and emailing to employees.
• Access to historical information.
• Employee leave management reporting and history.
• Automatic calculations regarding statutory deductions from salaries.
• A dedicated call centre to answer any support queries.
Leave: Keeps a complete history record, which enables the end-user to extract various reports. It automatically refreshes the cycle dates and updates balances.
Equity: Generates the EEA2 and EEA4 forms, which must, in terms of existing legislation, be submitted to the Department of Labour by all designated employers.
Human Resources: Stores information on each employee, pertaining to:
- Personal information
- Education and training
- Health and safety
- Employee benefits
- Career management
- Industrial relations
Post: Provides a comprehensive record of all filled and vacant posts within the organisation, each with a unique post number of up to 30 characters.
Skills Extraction Tool: Provides a comprehensive database of all training, education and company information required for the printing of the Annual Training Report (ATR) and Workplace Skills Plan (WSP).
It has never been easier to manage the HR administrative function in a business.
Download the PayDay brochure for more information.
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