Keep HR Payroll Process In-house at a smaller Price Microsoft Dynamics NAV

Outsourced HR

Activities

Recruitment

Payroll Managem

ent

Talent Managem

ent

Payroll Managem

ent

Stipulating salary

Integrating Holiday

pay

Insurance, Pension Benefits, PF etc.

Taxes

A Case Against Outsourcing Payroll

Cost cutting for large companies

No difference in costs to outsource payroll activities to HR consultancies for mid-sized companies

Pre-employee set-up charge paid to HR Consultants

The payroll amount (including taxes) has to be transferred to the consultancy’s account before the pay date so that the employees receive their pay on time

By retaining the payroll function the total amount can be kept in interest bearing account till the pay day to earn income on the idle cash.

Payroll Module on Dynamics NAV

Dynamics NAV

PayRoll Module

Position Managem

ent

Recruitment

Pay Structure

General ledger

Integration

Multiple Bank

Accounts

Payroll reporting

Security

Payroll Module on Dynamics NAV

Post payroll details directly to the ledger

Manage employee details

Insert customized payroll control such as expenses, hours, earnings etc.

Manage employer expenses

Track and calculate commissions

Payroll Module on Dynamics NAV (Contd…)

Insert pay advice messages

Manage multiple bank accounts

Manage multiple companies

Secure operations that allow only the authorized personnel to access data

Post liabilities to purchases and payables automatically

Define pay scales (full time, part time or casual employment)

Perks of Adopting Dynamics NAV for Payroll

Dynamics NAV Payroll Module

Simple /Complex

payroll managed

Insight on payroll

expenses

Fully automated

payroll processLess training

Better ad-hoc reporting

Perks of Adopting Dynamics NAV for Payroll

Dynamics NAV Payroll Module

Integration

HR functions

Job costing and General

ledger

Automatically updating the payroll

related areas

Perks of Adopting Dynamics NAV for Payroll

Managing Payrolls• Manage simple

as well as complex payrolls

• Manage different criteria such as holiday pays, taxes, annuities etc.

Control over Payroll Expenses• View Payroll

expenses, different payment types

• Analyze payroll expense with respect to business departments, location, project etc.

• Categorize pay type into into earnings, accrual, allowance, deduction etc.

Automate Payroll process• integration of the

payroll process with the various HR functions

• Automatic entries into the general ledger journals, reflect time sheet results on the payroll, assess job/project costing, leave entitlement accrual etc.

Reporting Advices• Email customized

pay advices to individual employees or groups

• Employee time management system reports can be integrated with the payroll function to correlate work hours with pay

A Complete Solution….

Can be managed by a single manager in the office

Requisite information simply needs to be inputted on the system for analysis and calculations

Offers better control

Reports are concise and lucid so that at a glance a company performance overview can be made

Thank You!You can read the complete article on:http://www.metaoption.com/Services/Dynamics-CRM.aspx