Maintain an auto-generated payment accounts for employees. All that is required is to set basic salary for each job role and any other benefit attached and set a fixed date for the payment to be made and once this is completed, employees get their payment notifications from their banks and they are encouraged to continue working. With HCMatrix, there is added automation. No delays, payment is done according to set policies, configure notifications for employees whether or not they should get a notification from your organization. Keep a maintained archive of payment data for monthly and yearly view.
HCMatrix Finance and Payroll
Comprehensive Payroll Reports
With HCMatrix you can view the overall salary paid in a month, earnings and decductions.And with the use of Power BI a dashboard is provided for Admin to view the statistics of salary , earnings and deduction in a month, quarter, year.
Notification
Using HCMatrix all that is required is to set basic salary for each job role and any other benefit attached and set a fixed date for the payment to be made and once this is completed, employees get their payment notifications from their banks and they are encouraged to continue working.Payslips are automatically sent to all employees once the payroll for the month is processed.
Define payroll components
HCMatrix allows the Admin configure earnings and deduction components according to the rules applicable in the company.
Define Taxes
The Admin can define various tax components according to the company’s requirements.
Expense Request
With HCMatrix an Admin can create different expense types according to an organisation’s specification. Employees are able to view all types of expense types and they can also fill a form for expense claims. Once the form is filled the Admin can perform certain actions like viewing, accepting or rejecting the request.Admin and Employees are also able to view the history of all expense request from every employee
Expense Tracking
Admin is able to keep track of accurate information about all employees claims history. Email notifications are sent to requesting/approving employee and Admin.