Gain an edge on Payroll Management with SuiteApp for NetSuite - PayEdge

NetSuite SuiteApp for Payroll Management

NetSuite ERP is a cloud-based, developer-hosted, cloud ERP software platform offered on a software-as-a-service (SaaS) basis. NetSuite ERP is the world’s most deployed cloud ERP solution and used by over 40,000 organizations in 160+ countries. The ERP management functionality can support departmental finance, operations, sales, service, and HR needs.
Payroll management functionality, an important aspect of HR needs takes care of Payroll disbursements; withholding management; automated tax management & filing.

And Inspirria’s PayEdge module further enables the payroll lifecycle by providing features for processing and compliance. There is a process group functionality that logically groups employees to manage location-based specifications. The software is user-friendly and agile digitally-enabling the payroll process and eliminating paper work. The cloud-based system is also closely integrated with NetSuite, providing a greater visibility of payroll data across locations and subsidiaries, ensuring optimal budget monitoring, better visibility and control.
At a high level, here are the features that can be highlighted:
1.Single click payroll processing
2.Increment and arrear calculations
3.Variable payment and deductions
4.LOP reversal and adjustment calculations
5.Salary hold arrangement and final settlement
6.Multi-currency support
Furthermore with PayEdge, you can create a single system of record for global employee teams including local and offshore. Net and gross calculations are done in a single system, which means global organizations can add new markets with ease and address associated complexities. Compliance is also benefited, on the whole, as there is improved accuracy achieved through standardizing data along with adherence with all payroll policies, including monthly and year-end tax processes. Don’t forget that all of this available in a flexible cloud platform and capability to process payroll in over 150 countries.
With 14+ years experience in cloud technologies and over 500 clients around the world, we have collaborated many global companies across industries. This industry experience, coupled with cloud-based strategic service offerings, has helped businesses drive operational excellence and improve ROI.

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