Xceed brings you a Prompt, Reliable and Hassle-Free digital payment system.
Processing payments need not be a hectic and time consuming task anymore with Xceed’s Payroll Management System, get access to a tool which ensures timely payments and also scalable to schedule it at any time and day as per the necessity.
The payment can be automated to be processed across various department employees simultaneously with your choice of timing and also it reduces the additional communication hassle between the employees and the HR team in order to request for the payslips as they can be accessed from the comfort of the employees Mobile.
Stakeholder Satisfaction
It’s essential in every organization to satisfy the Stakeholders especially when it comes to transparent evidence of the processed payments so keeping that in view Xceed’s tool helps to automate and digitalize a lot of processes such as having digital documents with clear up-to date information and it also allows you to send any kind of request to the supervisors or the stakeholders for the approvals without having to engage in additional conversations and follow-ups while ensuring the payments will be done accurately on the approved timeline.
Providing Transparent Information
The payment structures can be quite complicated as the break-ups of the salaries would include various components which have to be calculated correctly and Xceed’s solution ensures accuracy using a crisp and methodical process and allows you to view the detailed calculation involved in the structure including all the break-ups and deductions
Crucial Time Saving
Xceed’s tool automates many of the payment processes and it provides access to various information at the click of the finger tips using the mobile. The tool is also designed to send reminders based on various Triggers which have been set and it harnesses the power of AI.
Processing the Payroll
It’s pertinent to process the payments to the employees as well as the vendors on time to maintain the trust and integrity of your organization and our payment processing solution ensures that the process will be done as per the scheduled time without any kind of hassles ensuring the smooth flow of the whole related payment process.
You can adjust the Payroll cycle as per the company policy and accordingly it generates payslips and remits the payments directly into the accounts and additionally it takes into account any leaves which have been taken by the employees without pay. Also all the information can be alerted to the stakeholders via notifications.
Settle Benefits and Expenses Automatically
There can be additional benefits and expenses which need to be credited into the employees account out of the usual payment cycle and this can be automated using the tools while allowing the employees to set the benefit pay options flexibility as per their needs.
Employee Records Management
Checking for the accuracy of the data across various departments is no longer necessary as the Xceed’s tool allows the automation of the changes related to the employees records across various modules such as promotions and transfers.
All the information related to the newly hired employees or the ones who are about to or have already exited can be updated in a bulk without any hassle. And if there is any hike for an employee it can be automatically reflected in their respective package information.
Compliance of Data Confidentiality and Privacy
Unlike the manual records which can be breached easily, our digital payroll solution is designed robustly to withstand any malicious attacks and internet threats.
The application ensures that the digital records related to the payment slips, expense reports and reimbursement data is digitally secured to avoid any kinds of breaches or leaks.
Reporting
The tool provides access to canned reports related to the finances which displays clear and concise information which can be used to make various business decisions and analysis. The reports and dashboards can be further customized based on various parameters such as location, dates and levels.
A special set of reports can be created and sent to the finance teams while various other reports can be scheduled and shared simultaneously to the respective departments.
Frequently Asked Questions
Traditionally the employees performance is monitored over a period of time and reviews are held either once or twice a year and those are even prone to discrepancies and biases.
The Xceed’s performance management module provides you access to transparent and reliable data which is up-to-date and it can be monitored regularly based on which frequent reviews can be conducted if necessary and the data can also be used to appreciate the performance of valuable employees to boost their morale.
- The application can be used to monitor and establish goals
- Transparent and Reliable Data about each individual employees progress
- Monitor the status of any assigned tasks or objectives
- Automate the evaluation process and assess the progress at flexible cycles
- Establish a single point of communication pertaining to any task or project to reduce the clutter and stay informed about the progress
- With regular monitoring of the project status, appreciate the employees and boost their morale
Being able to monitor the project or the assigned tasks or projects regularly gives you the power to make impactful decisions which can be used to shape the decisions pertaining to the employees either for appreciation or course correction.
