Payroll Processing

From payroll management to leave/attendance management, reimbursement management, statutory compliances, we can help you.

KGMC is a payroll outsourcing companies in india. While HR needs to focus on talent acquisition and retention, transactional HR & payroll activities can be outsourced. Managing payroll within the organization can be a tough task because of penalties for non-compliance to statutory requirements, employee satisfaction, timely generation of payroll and other issues. In terms of cost also, the companies that do their own payroll processing finds that it is not that all cheap and simple, especially when you consider the time that is spent in managing the entire process. Further, generally HR or accounts department process payroll in the organization. Considering sound business control & process, payroll should be processed independently of HR or accounts department.

We can provide completely customized solutions to all organizations starting from payroll processing to statutory compliances including attendance & leave management, employee reimbursement, employee self-service, manager self-service, and reports & MIS are offered as managed payroll services, regardless of their size and the domain that they are in. Here are some of payroll services we provide

Payroll management
Employee letters management
Attendance management
Leave management
Employee reimbursements
Employee self-service/Manager self-service
Performance management & appraisal
Statutory compliances including PF, ESI, LWF etc.
Replace excel based processing to web based processing

Following are the few benefits of outsourcing the payroll processing -

Processing of payroll independent of HR or accounts department
SLA driver approach
Anywhere access to payroll data throught employee self service portal/manager self service portal/web application
Employee lifecycle management, right from recruitment to exit
No investment in IT infrastructure
Best industry practices
Speedy & effective resolution of employee problems
Better statutory compliances
MIS as required by management
Streamlining off all payroll processes

From payroll management to leave/attendance management, reimbursement management, statutory compliances, we can help you. We work on fully variable basis. Our plans are structures per employee basis. These could be customized basis requirement of an organization.

Cost benefit analysis

In- House Operations

Manpower costs- Processing and supervisory staff
Other indirect cost such as staff welfare, incentives etc
Cost of software application and implementation
Cost of database license, Software and database AMC
Infrastructure cost such as workstations, servers and desk
Dependency on the software application provider for implementing the required patches.
Over -burdening of the processing staff leads to avoidance of the queries
More time is spent on ensuring accuracy and compliance
Lack of exposure to the industry-best practices

Outsourced Operations

Lump-sump, generally based on the employee strength/number of transactions, may results in savings
Assured quality & Service levels
Enhanced Query resolution
Allows organizations to concentrate on core business
Outside expertise & adherence to the best practices in outsourced setup

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Other Services

Accounting & Compliance Outsourcing

Outsourcing the technically demanding accounting activities such as general ledger accounting allows businesses to concentrate more on their core activities.

Internal audit

Internal auditors,appointed by the management, is an independent function which helps in understanding and assessing risks and evaluates the internal controls.

Financial Reconciliation – Modern Trade Retail

KGMC can help organisation to reconcile the account with MTR. We have experience in dealing with MTR be it centralised operation or decentralised operation.

Sales Invoice Processing & Auditing

In any organization, sales is the only department that generates revenue. What do you think could be the best way to handle invoice processing?

E-commerce Reconciliation Process

The reconciliation work for e-commerce business include the process of reconciling payments, receipts, commission, sales returns, orders with e-commerce partner.

Accounts Payable Management

No matter what size your business is or what industry you are operating in, paying vendors will always be part of it.

Employee Travel Claim Process

Expense reimbursement is a very common process in every company. Unfortunately, most companies find the administration of this process difficult and time consuming.

compliances-and-reconciliation-with-taxes

Compliances & Reconciliation with Taxes

If your ERP system do not support the reconciliation as required under various laws such as GST, TDS etc,We can do reconciliation of enormous data generated by ERP system.