Automatic Salary Calculation

Salary Management Software

Is repetitive salary calculation giving you a headache? Automate the entire salary calculation and payroll process with the NYGGS cloud-based salary management system. Eliminate errors caused by manual calculations, accelerate processing, and ensure employees are paid accurately and timely.

Let's Connect
equipment management software
nkc projects logo
urc logo
delhi jal board logo
vanbros logo
ecl logo
rsv logo
yashoda hospitals logo
cds logo
sps logo
dev yash project and infrastructure pvt. ltd logo
vinshu prakash r punglia pvt. ltd
apm india logo
asvpl logo
bharat group logo
clear dekho logo
d2v logo
gccsl logo
hr service logo
i4 technologies logo
india blended logo
life express logo
ajm logo
celgall logo
indian bank logo
saharanpur nagar nigam logo
vdb prohects logo
Overview

NYGGS Salary Management Software

Managing the salaries of a growing number of employees becomes every month's headache. It is more than just calculating pay—it’s about being accurate, following the labor rules, and keeping employees satisfied. NYGGS Salary Management Software is an all-in-one tool that makes complicated payroll tasks easier. It offers quick salary calculations, the ability to create custom salary structures, and automated compliance management, making it the go-to choice for top Indian companies that want to manage their salaries smoothly.
salary management software 1
salary management software 2
What makes NYGGS special? It’s designed specifically for Indian businesses and considers everything from legal requirements to flexible payment options. Think of it like having a supercharged payroll team that handles everything from simple salary calculations to more complicated reimbursements, saving up to 70% in processing time. Plus, employees can access their salary information themselves through their ESS, reducing HR queries by up to 85%.

Key Features of Our Salary Management Software

We have developed compliant salary calculation software to take the stress out of payroll processing. The system is designed to reduce administrative time and simplify employee payroll. Some key features include:

Quick Salary Calculation

Automated system that processes employee compensation instantly, considering all variables like overtime, bonuses, and deductions for accurate and timely payment calculations.
Benefits:
  • Reduces calculation errors
  • Saves processing time
  • Ensures payment accuracy

Salary Sub-Type

Flexible framework that handles various compensation categories including basic pay, allowances, bonuses, and special incentives while maintaining clear classification.
Benefits:
  • Better payment organization
  • Simplified compensation tracking
  • Enhanced salary structuring

Custom Salary Structures

Configurable salary frameworks that can be tailored to different employee levels, departments, and organizational needs while maintaining consistency.
Benefits:
  • Supports diverse roles
  • Enables competitive compensation
  • Improves retention rates

Compliance Management

Built-in features ensuring all salary calculations and deductions comply with current labor laws, tax regulations, and statutory requirements.
Benefits:
  • Prevents legal issues
  • Ensures regulatory compliance
  • Reduces compliance costs

Employee Self-Service Portals

Digital platform allowing employees to access their salary information, download pay slips, submit requests, and track their compensation history independently.
Benefits:
  • Increases employee satisfaction
  • Reduces HR workload
  • Improves information accessibility

Working Hours Tracking

Integration with a time-tracking system that monitors regular hours, overtime, and leaves to ensure accurate salary calculations based on actual work duration.
Benefits:
  • Accurate overtime calculation
  • Better attendance monitoring
  • Fair compensation distribution

Deductions Based on Pay Structure

Automated system for calculating and implementing various deductions including taxes, insurance, loans, and other statutory or voluntary deductions.
Benefits:
  • Streamlines deduction process
  • Ensures calculation accuracy
  • Maintains deduction compliance

Advance & Loan Management

Integrated system for processing, tracking, and managing employee salary advances and loans, including automatic installment deductions from monthly salaries.
Benefits:
  • Simplifies loan processing
  • Tracks repayment effectively
  • Reduces administrative burden

Seamless Reimbursements

Efficient system for processing and tracking employee expense reimbursements, integrating them directly with the salary processing system.
Benefits:
  • Speeds reimbursement process
  • Reduces paperwork
  • Improves expense tracking

Facilitate Multiple Pay Periods

Flexible system accommodating different payment frequencies including monthly, bi-weekly, or weekly payrolls for various employee categories.
Benefits:
  • Supports diverse schedules
  • Increases payment flexibility
  • Improves cash management

Instant Salary Report Generation

On-demand generation of comprehensive salary reports including individual pay slips, department-wise summaries, and organizational salary analytics.
Benefits:
  • Enables quick analysis
  • Supports decision making
  • Improves transparency

Security & Data Protection

Robust security measures protecting sensitive salary information through encryption, access controls, and secure data storage protocols.
Benefits:
  • Ensures data confidentiality
  • Prevents unauthorized access
  • Protects sensitive information

Schedule Paydays

Automated scheduling system ensuring timely salary disbursement by managing payment dates, processing timelines, and necessary approvals.
Benefits:
  • Ensures timely payments
  • Reduces manual intervention
  • Improves payment reliability

Integrates With Payroll Software

Seamless connectivity with various payroll systems enabling smooth data transfer and processing for efficient salary management and disbursement.
Benefits:
  • Eliminates double entry
  • Ensures data consistency
  • Streamlines payment process

Integration With HRMS Modules

Complete integration with HR management systems allowing smooth data flow between various HR functions and salary processing.
Benefits:
  • Improves process efficiency
  • Enables data synchronization
  • Reduces administrative work

Individual Advantage

Salary management software is important for companies as it helps make payroll processes smoother and more efficient. Key users like HR managers, finance managers, and employees enjoy its automated features, which ensure compliance with regulations and allow for self-service options. Here are the detailed benefits for individuals:
Human Resources (HR) Managers
HR managers use this software to automate how salaries are paid, making sure everything is accurate and on time. This software helps them keep track of employee information and attendance and follow labor laws, allowing them to focus on important projects instead of routine tasks.
Finance Managers
Finance managers use payroll software to oversee budgeting and financial planning related to employee compensation. The software provides essential reports and analytics, enabling them to monitor payroll expenses, manage cash flow, and ensure regulatory compliance, ultimately supporting informed decision-making.
Employees
Employees can take advantage of this salary management through self-service portals where they can check their salary details, download pay slips, and update personal information. This openness builds trust and satisfaction among employees while easing the workload on HR departments.

See how this software keeps errors out of salary management!

Frequently Asked Questions

A salary management system is a comprehensive solution designed to automate the calculation of salary within an organization. It includes various functionalities, such as attendance management, computation of benefits and deductions, and ensuring compliance with statutory requirements.

By integrating with biometric devices for attendance and time tracking, the software automates payroll calculations, achieving high levels of accuracy.

Yes, NYGGS Software is consistently updated to align with the latest Indian labor laws and regulations, ensuring full compliance with requirements such as PF, ESI, and TDS.

Yes, NYGGS Salary Software is capable of managing various payroll schedules, including weekly, biweekly, and monthly payment cycles.

Yes, the NYGGS Salary Management Software is regularly updated, and new features are automatically implemented in response to any changes in regulations, ensuring that you always have access to the latest tools.

Interested in working with us?

LET’S TALK AND GET STARTED

mail to our sales department sales@nyggs.com
Our Whatsapp Number +91 8448898635

& What's you will get:

  • Excellent Customer Support
  • Product Consulting by Experts
  • Integration with 3rd-party Apps
We're Here for You – Reach Out Today!
Contact Now

Let's discuss with a cup of coffee

We hate spam, and we respect your privacy.