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Products and platforms

Highlights

  • Managed Payroll Services offers robust payroll engine that handles complex payroll requirements and scenarios for multiple categories of employees (For example: Arrears calculation through multiple retroactive accounting, on-time full and final settlement, separate off-cycle payroll for reimbursements, long-time wage settlements, minimum net pay, and multiple salary structures, etc.)

  • It enables proactive monitoring and on-time deployment and testing of statutory changes (Union budget, central and local statutory changes for PF, ESIC, PTAX and income tax, etc.) as and when applicable with minimum involvement of customer stakeholders.

  • Provides anytime, anywhere access to pay documents, such as payslips and Form 16, through TCS CHROMA™ Employee Self Service.

In this article

Challenge
Solution
Benefits
The TCS advantage
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Challenge

Employee satisfaction is critical to achieve business objectives.

Accurate and timely salary payments can raise employee morale and strengthen their trust in the organization. Rapidly growing businesses with an ever-changing employee base and disintegrated and decentralized systems result in payroll complexities. It is imperative to choose the right payroll system which is cost-effective and easy-to-use.

Solution 

With TCS CHROMA™ integrated managed payroll services, experience touchless payroll processing to enhance your business benefits.

Ensure timely and accurate payroll processing with 100% payroll statutory compliance. Boost the total ROI by realizing and reaping company benefits and values faster. TCS CHROMA™ managed payroll services is a one-stop shop catering to all payroll-related requirements encompassing pre-payroll processes, payroll processing, post-payroll activities, and related compliances such as statutory filings (Provident fund (PF), professional tax (PT), employee state insurance (ESI), labour welfare fund (LWF), and income tax (IT))

The key features include payroll processing, full and final settlements, retro calculations, ad hoc payments, recurring payments, and one-time payments and deductions.

Benefits:

  • Error-free and timely payroll processing

  • Single point of accountability

  • Streamlines payroll process 

  • Boosts HR productivity

  • 100% statutory compliance

  • Accurate and easy reporting

  • Reduced operational expenses 

TCS Advantage:

  • TCS' Single Point of Accountability for CHROMA™ and Managed Payroll Services

  • Seamless prebuilt integration with CHROMA™

  • Standardized operational delivery model to run hassle-free, timely and error-free payroll services 

  • Strong domain expertise in HR, payroll, and finance and tax thus ensuring higher quality of verification, validation, and accuracy of payroll calculations

  • Zero training requirement and minimum involvement of customer stakeholders during regular payroll processing as well as quarterly/yearly activities

  • Backup availability of payroll critical resources including backup plans to handle regular as well as critical situations

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