Could HRIS Self Service Reduce Scheduling Issues?

When time-off requests are filled physically and employee have to recover their schedules from a piece of paper, which is in the workspace, the possibility for mistakes and conflicts is high. Employee might write their schedules down wrong or fall short to see modifications made after the schedule is discharged. Time-off requests might also be missed or inappropriately communicated, leading to dissent.

Launching self-service options that permit employees to see their schedules and request time off might support to organize procedures and lessen scheduling issues. This might be as useful to management as well as employers as it is to employees.

Increase Schedule Accountability

When employees could simply recover their schedule from any mobile devices, it could support to augment accountability and lessen the potential for mistakes. Employees 

could not say that the schedule has been altered or that they wrote down the erroneous days or times. Employees are both responsible for their own schedules as well as empowered to recover the information at will.

Streamline Time-off Request Processes

Time-off procedures could be chaotic when they are managed by using paper as well as scheduling books. Requests might be lost, managers or HR personal might not remember to put requests in, and approvals or rebuffs for requests might not be communicated in a timely method. Using self-service for time-off requests permits employees as well as managers to intermingle over a request in seconds from any place and sternly decreases the chances that the request will be overlooked.

Simplify Schedule Release Days

When schedules are discharged by using the physical way, employees frequently swarm to the schedule board or book. This could distract employees from their work, lessening productivity. Discharging schedules by using the HRIS self-service permits employees to access their schedules on their own time, lessening the disturbance during work hours.  

Improve Communications about Scheduling

There are likely to be alters to the schedule sometimes when employees call out or when unexpected emergencies happen. If the HRIS self service portal permits instant messaging, this alternative can assist to speed communication up when these events occur. After effectual communications, managers can also change the schedule in the system directly to lessen confusion and make sure that all shifts are covered effectively.   

Track Absences and Attendance

Depending on the kind of workplace, it might be probable to use self service portals for attendance as well as absence tracking. This might be specifically helpful if few or all of the employees work from remote places. Permitting employees to ‘cloud in’, track hours, and report absences by using a self service portal could make payroll as well as compliance reporting simpler and can ahead empower employees.

If required, information entered via self service portals might also be saved and used to assess and back up rewards, discipline, and performance reviews. Having the scheduling as well as attendance information all in single place could make it simple to recognize a pattern of absence or pinpoint that employees are offering the best client service or performing the best. By using HRIS self service for schedule tracking, communication, and distribution can enhance the scheduling procedure in several methods.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Before Implementing ERP, Understand Its Many Components

If your manufacturing company faces difficulties in extracting business information from your present systems or your company is suffering from an inability to synchronize order fulfilment or your clients, it might be time to twist to a trusted and loyal ERP (enterprise resource planning) solution. Sources state that when approaching the execution of an ERP system, there are 5 important components that should first be considered as well as researched. These software components emphasize on functionality in HR (human resource), CRM (customer relationship management), business intelligence, and procurement & purchasing.

Every manufacturing company either it small or large, needs to be capable to trail as well as consolidate all of its sales data and client information in one central system.

Though, advanced software ERP emphasize on supply chain management is also required to make your day-to-day works run effortlessly. Overall, the most significant consideration is merely knowing your company’s procedures and what kind of ERP solution will be perfect for you.

‘A manufacturing looks integration of its manufacturing procedures’, explains sources, ‘and begins with material needs planning-style ERP, which could solve its integration

problems of tracking orders, starting with order placement as well as origination and then fabricating all these orders all the way through the operations of processing, delivery/ distribution, and order completion and payment. The company also desires to get rid of the data differences as well as software licensing prices from using disparate systems for single function’.

At Megasoft Solutions, we can proficiently and knowledgeably deploy, check, watch, and troubleshoot a latest ERP system, which centralizes operations at your enterprise and permits for more efficient decision making.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Why Is ERP Important To A Company?

Any organization which has no ERP will be operating on several types of software that do not permit interaction. Customization also might be complex it in few cases. This will pessimistically affect the optimized working of organization’s business activities.

The organization will be facing adversity in so many fields of its functions. The engineering design of the software will be required in order to enhance the product, and to chase the client’s action as well as choices since the first contact is quite significant. Administration of the diverse receipts interdependence will be very difficult, such as invoices related to materials purchases, salaries or common expenditures.

All of above things alter when an ERP system is implemented. Information flows continually and permits you to chase a client’s procedures at any moment, no matter that slice of the procedure they are going through. Purchases as well as expenditures are listed in a centralized database that permits you to have very close control over these activities. In this regard, ERP assists you to prevent possible abuse.

A strongly integrated ERP system facilitates interactions of sales, marketing, quality control, products procedures, supply lines, stocks, and several other fields and it can be in a single database.

This will eradicate the occasional loss of and retying mistakes. It incorporates all divisions as well as functions across a company in a only computer system, which is able to cater all those diverse division’s specific requirements.

As ERP system also computerizes business procedures by placing them into a useful layout, which is standardized as well as general for the whole organization. Furthermore, it could even be used between their suppliers and clients.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Outsourcing Human Resource Functions, Choose The Right Company For Your Success

Are you thinking to outsource your HR functions? It is helpful decision you have taken for the growth of your organization or business. The HR division is answerable for a broad array of functions related to the employees.

The Benefits Of Outsourcing Human Resource Functions

• Lessening in price
• Organize the HR functions
• Get the best talent to work from the employee data bank
• Search the correct job for the broad job options accessible
• HR company and you could emphasize and plan strategy more efficiently
• Lessens the risk, proffers flexibility and make sure no absenteeism of employees

The Disadvantages Of Outsourcing HR Functions

• The primary price might impact the budget
• The HR outsourcing company might fail to deliver
• Other employees might proffer resistance

How To Opt The Appropriate HR Outsourcing Company

Select a complete service staffing company, which has a vast panel bank of candidates as well as job functions. Years of experience make sure best recruitment that eventually results in job satisfaction. A human resource outsourcing company lets you sustain day-to-day control over the employees.

Services That A Well Reputed HR Outsourcing Company Will Proffer

Payroll Administration : - the payroll procedure manages all taxes, direct deposits, and inference. Get the payroll reports according to the customer’s need

Human Resource Management : - the HR outsourcing company should comply with the local, state, and federal regulations. They must sustain a whole personnel file for every employee, conduct a milieu check, motor vehicle records, etc

Workers’ Compensation : - prevention of loss by tailoring the safety plan is very complex in keeping the prices that gives you a competitive edge. An excellent HR outsourcing company will facilitate you to tailor this safety plan

Health Care : - the Human Resource Company attains a complete strategy to suit your requirements at the most competitive prices. It also proffers retirement advantages that are custom made for each customer need

These are some points you should keep in mind when you sketch to outsource HR management. Megasoft Solutions delivers all these services in the most efficient way at competitive rates that finally benefits your business.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Choose The Right Amongst The Various HR Management Companies

Involve the services of the appropriate human resource outsourcing companies for your business to make sure the right functioning of all divisions. As the Human Resource is becoming a significant facet of the business with ever changing roles and the method employees look information. It is certainly important that employee involvement is managed with maximum care. Along with this, involving employees the correct mode is even more significant as today the industries as well as business organizations are marred with the high attrition prices as well.

Therefore, with a rising number of human resource outsourcing companies in the field, how can one make a decision about selecting the perfect human resource information system to cohort with.

Guidelines that support you shortlist the appropriate HR management companies for your small as well as big business:

• Expertise
• End to End Solutions
• Package of services
• Reduce cost
• Maximize Productivity

With an impressive milieu of offering more than thousands of esteemed clients across industries, we deliver a spectrum of services underneath the human resources services. At Megasoft Solutions, we assist and help you save costs significantly with our technologically latest human resource information system, specialized operations and with a panel of highly skilled and qualified personnel.

With operations across several countries worldwide, Megasoft Solutions is one of the leading service providers and deals in a gamut of business procedures in Human Resources, Consulting & Audits, Finance and Accounting, Information Technology, etc.

Touch base with us for proficient managing and human resource information system management or know more at www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

How To Easily Manage Payroll From Anywhere

Advanced technology has changed the world in many ways than one, and it seems to be ever changing, affecting every facet of our lives, comprising business. It’s made us much more proficient, more connected and best of all, it is made several things much simpler to do. So much so, that even the method you manage payroll has been forever modified, all to help you better handle the needs of your business while organizing the most significant core facets of its operations. Flexibility is the main key and now you could handle employer records from anywhere in the world.

Cloud-Based

We never really know what life will throw at us – an unexpected work emergency whereas you are out of the country, a mistake that needs you to travel to work on a day off – these are little-little things that we have skilled and experienced that we had rather not do it again. An easy cloud-based system makes all the difference. This means that whether you are in the office, on holiday, on vocation or at home, you are able to make easy changes or complex additions from anyplace, as long as you can right to use the internet. If your company proclaimed a new join though you were away, you can add them to payroll as early as possible without having to go anywhere. If an employee requires information updated, like a last name or address, which could be managed with ease as well. Trail vacation days, sick says, personal days all from one place, or access invoices. Best of all, with a single snap, you could send your payroll for processing to your PEO without having to worry about a single thing.      

Protection

Single click payroll assumes like a dream, but obviously there could be concerns – what if errors aren’t caught? The good news is that when we accept your information, we don’t easily process it without oversight. Payroll is completely reviewed as well as approved by experienced experts before going forward – a good payroll provider will make sure that every single pay cycle is fully compliant with the Employment Standards Act. The system itself is well designed to manage any anomalies that may arise, like incorrect hours, a missing pay cheque or more. After all, a simple as well as suitable payroll tool would not be simple and convenient if it resulted in faults and legal violations.

Setup and Customer Service

Not everyone could be familiar with latest technology as it comes out of the box – in fact, some people are. And, there is slight use in a system that is hard to comprehend and comes with bare instructions. Fortunately, best payroll providers can support. They will make sure that everything is set up perfectly as per their own very high standards and that your workforce comprehends the system fully. You want to cohort with a provider that is more than glad to deliver in-house training for your workers and even stay with you as you route the initial few pay cycles to make sure that nothing goes off beam.

You should never be so concerned about getting poor or impersonal customer service. Best providers are accessible in real-time and can respond any queries that arise because they comprehend its importance – not merely for your company and its legal obligations, but because it unfavourably affects your employees and their lives as well. 

A best provider will be there to give you the aid you require, no matter where you are or what time it is. Think swapping to an opportune payroll system, one that perfectly works on your schedule instead of the other way around. When you could handle any problems that arise on the place, you save money, time, and resources as well as stress and it is difficult to search that type of peace of mind with any other system.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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3 Myths Debunked About Outsourced Payroll

Outsourcing could be a filthy word, depending on the circles you are with. Certainly, there are few logical concerns about outsourcing payroll that require to be addressed, but there are also various misconceptions that require to be cleared up. Since, we have the information; we have taken it upon ourselves to expose few of the most common (and harmful) misunderstandings about outsourcing payroll.

It’s Expensive : -

The initial compliant frequently heard is that outsourcing payroll is far too costly – whether it is coming from the mouths of main corporations CFOs, or petite business owners, the concern remains the same. The concept that sending payroll, mainly an administrative detail taken care of in-house, will price more money is enveloping but fortunately, it’s fallacious.

For mainly companies, even big ones, outsourcing payroll responsibilities is much cheaper than handling it in-house, and not merely in terms of money – it saves a lot in terms of resources that means additional time spent straightly on operations and furthering the aims of the company. Obviously, the price depends on the company selection. Few companies feature one cost, but comprise hidden fees that could build up and take your budget out of control. That stated, a good payroll cohort will show you what it will price single month with no additional fees and hand you a single, neat invoice once a month. Instead of paying various full-time employees to handle the complex facets of payroll, you can organize it all into a single invoice and put your resources to better use.

It’s Complicated : -

It is usually thought that the more people engaged in each facet of business, the more complex it gets – when you have 3, 4, or 5 companies handling several things, it’s simple to see how faults as well as misunderstandings occur. That enunciated, what about how complex it is to handle payroll, human resources, and legal compliance in-house?

 When you think outsourcing payroll, you are not merely getting payroll services – you are getting the bulk of the most difficult human resources work out of the way as well, and the experience of professionals well-trained in payroll as well as taxation law without the price of a panel of lawyers. Once you get that out of your way (and streamlined into a single invoice), a lot of work becomes easy and simple. You no longer have the saddle of complex monthly (or biweekly) processing, watchful audits at tax time, or subtracting things like unemployment insurance, retirement pension strategies, and more from single pay cheque. As your payroll cohort stays in contact with you and facilitates to answer any queries you may have, you are mainly getting the complete package without the whole price and, most prominently, less hassle.

It Hurts Jobs : -

Indeed, there is a concern that outsourcing payroll to a 3rd party company can take away from the jobs of your own payroll processors, HR staff, and legal professionals, but that’s only one way to consider about it. You have these wonderful, talented people on your workforce already – would not it be great to put them to better use?

When you begin outsourcing payroll, you are really freeing up employees to take on a broader variety of significant jobs within your company. If you assume outside the box, these workers still have a place within your company, but could be using their creativity as well as talent in ways that more straight forward effect your operations.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Megasoft Wins "Best HR Outsourcing Company Of The Year" Award From World HRD Congress

After being ranked as a Leader in Compliances & HRMS and winning GlocalizedHR Who's Who Award for long-term association with clients, in-house capabilities & expertise in the same, Megasoft bags top award for Best HR Outsourcing Company of the Year at the Human Resources Vendors Awards 2016 event organized by World HRD Congress in Mumbai, India on 16th February 2016.

The long running event was graced with the presence of Union Minister for Road Transport & Highways and Shipping Shri Nitin Gadkari as a chief guest. At his valuable presence, Sanjeev Jain, Founder & CEO - Megasoft Solutions received the award for Best HR Outsourcing Company of the Year on Tuesday evening. The HR Vendors 2016 awards ceremony in India was organized by World HRD Congress to honour companies, which offer best solutions in the field of human capital.

Acknowledging the award, Mr. Sanjeev Jain, CEO, Megasoft Solutions, said, “We are very excited to triumph the most coveted HR award in APAC against global majors. While most HR vendors are endeavoring to comprehend the nuances of the multi-cultural, multi-lingual APAC market, we pride in bringing international best practices with local compliance through a comprehensive, yet refreshingly simple HRMS application. The Best HR Outsourcing Company award is a testimony of the customer belief and solutions/ service capability built over the years. With the launch of Megasoft HRMS in Dubai and Africa, we have been creating disruptive waves across the globe”.

Furthermore, Megasoft was chosen as the winner over 3 other HR service providers. A jury of over 8 senior HR leaders from some of Asia’s largest employers assessed all nominees based on level of innovation, the fine quality of its solutions & services, and valuable feedback given by its national as well as international clients. By combining all these parameters, the verdict of the jury was Megasoft as the best HR Company of the Year.

Winning this prestigious HR Outsourcing award proves that Megasoft is not only recognized for the innovation and first-rate quality it offers through HR solutions & services, it also confirms that our strategy, services and people are capable to help companies and their HR departments to become better employers, in a highly competitive and swiftly changing business environment.

This recognition confirms our strategic choices as well as objectives and encourages us to continue being the favorite supplier for our esteemed customers. Hence, we want to thank all of them for their confidence in Megasoft Solutions.

Megasoft Solutions (India) Pvt. Ltd. is the leader in providing Payroll, Compliances, HRMS, and Finance & Accounting services ranging from small to Fortune 500 companies worldwide. Coalescing the power of people, process and technology, Megasoft has been a pioneer in this industry for the past 20 years. Our helpdesk engine resolves more than 20,000 queries in a month and we keep about 2.5 Lakh employees of our clients happy every month by managing back office activities. Moreover, Megasoft is complaint with statutory and taxes across globe including Singapore, Dubai, Hong-Kong, Australia, Ghana, and Germany.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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How A Fixed Asset Management System Saves Money & Time

Megasoft helps its esteemed clients in Fixed Assets Management, a procedure that facilitates trail a company’s fixed assets for the aims of financial accounting, theft evasion, and preventive maintenance. Megasoft recognizes Capitalization & Fixed Asset Management as a regimented project solution that is prioritized for highest impact with a clear Return on Investment (ROI) for our previous client. We have inventoried as well as capitalized fixed assets right from those owned by a small scale facility to multi-billion dollar organizations with several businesses as well as sites spread across diverse geographical areas.

Varied activities are carried out underneath fixed asset management with a wide scope of activities mentioned as below : -

• Monthly capitalization and inventory reconciliation
• Planning, preparation, and maintenance of fixed asset register
• Physical verification as well as tagging of Assets
• Operating depreciation calculations as per statutory laws as well as US GAAP

Underneath capitalization initial activities carried out are : -

• Tag assets with bar code labels for simple identification of assets
• Provisional Capitalization (in cases where information is not accessible)
• Creation of location Ids in sync with precious client
• Applying Internal Controls systems over expenditure on fixed assets
• Capital work-in-progress (CWIP) analysis to kick off capitalization procedure
• Identification & Physical verification of client assets across all locations to suit the physical records with the book records

• Capitalization procedure for a specific month would be finished on a pre-decided date in following month

One of the main challenges witnessed by Companies is to have a normal verification of the Fixed Assets owned by them. Several times it happens that the management is not confident of the subsistence of all the Fixed Assets that reflect in records, the simple answer is to conduct complete fixed assets and inventory verification work out. Megasoft helps esteemed clients to carry out fixed assets as well as inventory verification.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Easing The Pain From Finance & Accounting – OUTSOURCE!

Finance and accounting (F&A) is among the very initial back-office procedures to be outsourced by companies. Still today, the demand for FAO continues to grow and mature year-on-year. In a search for organizing their FAO procedures, corporate are on the sentinel for outsourcing novelty in new sections of F&A. Still, new minor sized companies as well as industry segments that have not used outsourcing are also attempting out F&A Outsourcing.

The very first objective of outsourcing has moved from cost-reduction to more strategic matters like efficiency improvement in technology and procedures or even as an outcome in the whole company. The most often outsourced services in the F&A realm are accounts payables, accounts receivable, vendor management, inventory accounting, etc.

Organizing, standardizing, and shortening the finance and accounting function is very important to the growth of companies, especially big organizations with subsidiaries in order to keep constancy and centralization across different procedures as well as functions. At recent days, in the corporate world; mergers, acquisitions, and other financial transactions have become very often and the making of subsidiaries lead to potential discrepancy as well as disparate systems and procedures.

The easing out of Finance & Accounting procedures facilitates lessen the turnaround time to close books of accounts. Therefore, companies are able of developing enhanced benchmarks along with the standard financial procedures for fulfilling with regulatory needs.

The wider scope of outsourcing can multiple the advantages as well, owing to the lucidity in procedures that the outsourcing service provider gains whereas managing the complete Finance system.

This way the provider can optimize as well as boost the efficacy of internal procedure. Therefore, these aspects finally drive several procedure enhancement advantages for any organization that outsources its F&A Function.

Outsourcers have advanced technology and offer customers with their expertise through proficient Human Resources to make simpler procedures irrespective of subsidiaries and / or geographies. Currently, outsourcing providers also comprehend and endeavor to provision their services in-line with customer’s well-planned objectives.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Data Management And Entry Services : A Vital Success Element For Contemporary Businesses

Accurate Data Management is utterly crucial in the present business world. Companies should have all their data readily accessible and also in perfect order for recovering any essential information at any given point in time, consequently to keep forward of the competition. Handling data on-premises is a rather redundant procedure and even deputing a crew for the same, might lead to needless corporate expenditure.

Outsourcing this procedure to a 3rd party data entry vendor is certainly a boon to business owners. Data entry services comprise of management of lists, reports, databases, and records.

It also contains online data entry solutions and offline data entry solutions. Megasoft’s USP in this regard is that ‘We add value to a easy data entry job by adding validation procedures that throws up mistakes and conducts sanity / logical tests. We have also developed latest software to make sure swifter as well as precise MIS reports for clients and offering a much required linkage from the data record to the physical record at a click of a button’.

Here are few advantages of availing Data Management Services : -

• Cost Efficiency & Time Saving
• MIS / Systematic Reporting Capabilities
• Confidentially of Vital Company / Client Data
• Enhanced Productivity
• Better Control as well as Visibility over diverse projects
• Improved Precision and Workflow
• Hence, Enhanced Project Management
• Evading Manual Mistakes through the perfect use of Validation Procedure
• Services in-line with the advance technology platforms as well as software

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Experience The Best Finance And Accounts Outsourcing Services

Tired of managing your finance and accounting management?

It is a perfect time to upgrade your finance and accounting management with the appropriate solutions for your every day inquires / questions / doubts. Employ the correct finance and accounts management services and relieve yourself from the extra added saddle.

With mammoth experience in delivering finance and accounts management, Megasoft Solutions proffers highly integrated finance and accounts outsourcing services. We deliver solutions with a purpose to optimize resources as well as attain financial objectives of our goals.

Furthermore, we always make sure that along with surpassing the need of finance and accounts management and the financial objectives, compliances linked to taxes are 100% met, without any fines to our esteemed clients. With constant enhancement in our services, we intend to add value to our services for our valuable clients.

We strongly believe that with the precise plan of finance and accounting management our precious client’s business success is in the correct way and support to diminish a main chunk of their price. 

We proffer a balance of both on-site as well as off-site services, with highly managed SLAs to make sure quicker turnaround time.

A well-renowned and international service provider in the field of human resource outsourcing, finance & accounts outsourcing services, customer relationship management along with the audit as well as consulting services for several business procedures. With a strong foothold in over 60 countries, we have a large number of pleased clients from different industry verticals.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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