This application offers a one-stop solution for managing compensation for your employees. It streamlines data entry, automates complex calculations for overtime, wages, and taxes, and provides a flexible framework for handling other earnings and deductions.
The system prioritizes accurate and timely employee payments. It streamlines the process with a checklist-driven approach for managing exits, end-of-service settlements, loans, and arrears, and automates journal entries to ensure all transactions are properly accounted for.
Preview of Paysif
Ensure secure, reliable payroll processing
Employee database
Securely store all employee information, including name, designation, manager, location, contact details, and bank accounts. Optionally, manage ID information, like passports or national IDs.
Salary processing
Seamlessly fetch employee information and record salary details with earnings, deductions, and provisions.
Smart overtime calculator
Track and process overtime payments accurately.
Leave management
Sync the app with your employee database to allocate, track, and display leave balances (available, taken, paid, sick).
Financial reporting
Empower your finance team to manage journals, account charts, and company information, and generate payroll reports.
Loan processing
Manage the entire loan process, including eligibility checks, mortgage periods, and installment breakdowns.
Exit clearance
Record asset handling, leaving dates, final pay processing, notice periods, and document handovers for a smooth exit process, including IT equipment.