Best HR and Payroll Software in Bangladesh

Attendance Management:

Get continuous attendance information from any sort order, naturally, all around and figure late coming, early going, and extra time approaches or overtime policies.

Leave Management: 

Web For Solution Ltd. HR programming has a worldwide leave module where you can set leave framework for any of your workers or employees and keep track of the leave all in one place.

Payroll Management:

Regardless of whether you have the most mind complex finance on the planet, Web For Solution Ltd. Payroll Management can deal with it easily. Make unlimited pay heads utilizing extremely amazing formulas and parameters to calculate credits, rewards, salaries, bonuses, loans and tax estimations.

Help desk Management: 

Any sort of work process demand issues can be raised, referred to the suitable representatives and its encouraging can be followed to see whether that issue is as yet resolved or hung up.

Say goodbye to the pressure, stress, and hassle of business payroll and Human Resource system. Our all-in-one online HR and Payroll limits manual information passage, data entry, record keeping, and guarantees more accurate all over the payroll and HR solution. Our HR software arrangements help to change over manual recording frameworks and administrative work to electronic documents.

This can decrease the potential for mistakes and representative data releases and misfortunes, all while serving to significantly improved association inside the organization. Via robotizing these procedures, organizations can take a glance at post-employment opportunities to choose from social media and other chosen destinations. This procedure expands candidate pools and preferably helps the nature of the organization workforce.

Web For Solution Ltd. HR and Payroll software company in Bangladesh. We offer to learn the executives or employee frameworks that keep tabs on whole working units’ development through preparing modules. This software likewise refreshes the data to incorporate new qualifications for positions and key perspectives that needed to be noted on the final recruitment program. We also provide chat services and different sorts of a communication system for better communication among the administrative panel,

Web For Solution Ltd. helping HR and Payroll Software solutions in Bangladesh. We offer intelligent human resource and Payroll management system in Bangladesh.

HR & Payroll Management:

Organizational Setup

Company Information

Location, Department, Designation

HR Responsibilities Setup

Organogram Setup based on Department, Designation & HR Responsibilities.

Currency (Organizational base-currency by which Org make money transaction)

Shift (Attendance Schedule)

Roster Plan

Holidays (Public or Occasional holidays such as Eid, Independent Day, etc.)

Department Requirement Policy (DRP): In this module, a Department is configured by the number of designations, a weekly day off and its schedule (Shift)

PIMS

Employee Information (Both English & Bangla)

Employees biometrics information managing

Employees’ ID Card Management.

Employee Management (OSD, Termination, Discontinuation, Disciplinary Action)

Employee event history (Employment Service History)

Letter Management (issued latter mgt)

Appointment Letter (Re-Print)

Experience Letter

Salary Certificate

Transfer, Increment & Promotion Letter

Release / Termination Letter

Attendance Information System

Attendance policy management (e.g. working calendar and shift will be applied on the individual employee)

Attendance Session declaration

Attendance Session Holiday declaration

Attendance Scheme

Attendance Scheme Upgrade with history.

Data collections from third party fingerprint or card punch devices.

Attendance Process (Rollback, Re-Process, Freeze)

Attendance Record

Manual Attendance

All sorts of attendance reports; individual, group-wise, floor wise, department wise, late, absent, overtime, etc.

Leave management

Grade and scale-wise leave policy management

Employee wise leave policy management

Online leave issue, approval, cancellation, reconciliation management

Individual Leave account management

Reports on leave management

Payroll

Salary Head Information (Both English & Bangla).

Salary Scheme; Grade and scale-wise payroll policy & rule configuration (user-defined dynamic equations)

Payroll process management (for both salary-based or wages based schemes)

Other allowance that depends on attendance & other action

Taxation

Bonus and arrear management

Set Employee Salary Structure.

Working documents automatic generation like salary sheet, bank advice, individual payments slip, etc.

Wide range of reporting on payroll management

TDS, PF (Provident Fund), and Gratuity.

Reports, Utilities & Value addition features:

Organizational Hand Book (Department wise) at a glance.

Department wise Handbook

Recruiting

Candidate CV

Sorted Candidate List

Interview Result

PIMS

Employee CV

Employee History (Performance & action event)

Attendance

Daily Attendance record

Monthly / Yearly Attendance Report

Employee wise attendance report

Daily Attendance Monitoring

Daily Absent report

Salary Scheme List

Employee Salary List as per the scheme

Bank Advice

Employee Wages Report (Production Base)

Wide range of DSS reports as well as customized reports

Management Dashboard

Employee Dashboard

DSS & MIS

DSS & MIS configuration

DSS & MIS tools (data mining)

Dashboards

Technologies & Practices Standard Compliance

Software development environment and approach:

An ICS extended technology using the following tools, technologies, and environment the whole service will be ensured;

Development environment: .net in Microsoft Visual Studio 2013

Development language & Script: C#, ASP, Java Script

Database: Microsoft SQL Server 2012

Development Approach: In order to deliver a quality software product, the Software Engineering approach will be followed in the total life cycle of service/software from initialization to cut-over/ hand-over/ support-service and configuration management.

Employee Salary Sheet for a particular month

Pay Slip

Why HR and Accounting software needed and its 10 advantages

Accounting is one of the most drawn-out, dreary, and tedious undertakings in any association. It is additionally the most fundamental part of the business. Nonetheless, a greater part of bookkeepers today feel that conventional accounting is as of now insufficient to remain serious.

That is the place where accounting instruments come into the image. They make the records division’s work simpler, quicker, and smoother while giving them more opportunity to zero in on the dynamic parts of money and accounting.

This is presumably why over 64% of SMBs are utilizing accounting devices in their association. In any case, that is not it. There are more ways an accounting instrument can help your business. Let’s check out them.

 

How Might The Accounting Tools Make Benefit For Your Firm?

1-Save Time

The greatest advantage of accounting instruments is that they save a ton of time. The accounting framework makes a large portion of the accounting measures a lot quicker, including invoicing, explanations, detailing, and planning.

Also, the majority of the information you would physically check and enter can be naturally recorded by the accounting instrument. For example, when your representative makes a cost guarantee, it consequently gets matched up with your accounting apparatus.

Thus, what ordinarily requires days to physically enter everything (sum, records, and other essential data) should now be possible in minutes.

 

2-Reduce Operational Costs

However accounting instruments themselves require speculation, they assist you with setting aside a ton of cash over the long haul. Accounting instruments dispense with the need to employ a clerk or bill for the extra time needed to look at your books’ exactness.

An accounting framework lessens the time needed for information passage, along these lines permitting your money group to invest more energy assessing business execution more.

Another way an accounting device can lessen your functional expenses is by smoothing out your income. It gives an elevated on your payables and receivables, so you know where your cash is being spent.

 

3-Enhance Data Accuracy

We as a whole commit errors, isn’t that right? The equivalent goes for bookkeepers. And while blunders are normal, they can cost your association a tremendous sum. Hertz, a vehicle rental organization, found $46.3 million worth of blunders in its 2011 financials. For another situation, Groupon lost more than $22 million because of monetary slip-ups in 2012.

With an accounting mechanization framework, you can fundamentally lessen these mistakes. Regardless of whether the computations engaged with your financing explanation are confounded and extensive, a decent accounting instrument won’t let you down.

The main thing you ought to guarantee is that the information entered in the instrument is right.

 

4-Provide Financial Statements Quickly

Fiscal summaries, for example, benefit and misfortune reports, monetary records, and income proclamations are an essential piece of any business. They assist you with understanding the current monetary circumstance of your association.

Without an accounting framework, your money the executive’s office would need to go through many records to recover (or audit) an archive. And, in case they are obsolete, you should hang tight for quite a long time to get the assertion you need.

Accounting apparatuses, then again, permit you to make monetary reports in practically no time. You should simply choose the date and hit on “make the report.”

The most awesome thing? Most accounting instruments don’t expect you to have broad preparation to utilize them. Along these lines, you can create monetary reports without relying upon any monetary master.

 

5-Make Tax Filing Convenient

Personal expense documenting is one of the most incredibly feared methodologies for anybody in the accounting division. With such countless laws and arrangements to conform to, it could rapidly get befuddling.

That shouldn’t be a reason to make blunders in charge of documenting. Indeed, even a minor mix-up could welcome a weighty punishment to your association. With accounting software, charge documenting simply gets helpful.

It can assist with getting sorted out the entirety of your receipts and solicitations for you so that charge consistency and duty recording become smoother. Some high-level accounting instruments can design solicitations naturally to additional facilitate bookkeepers’ work during charge seasons.

 

6-Can Be Integrated With Existing Business Applications

As you digitize your organization measures, you will require arrangements that work with one another. Contemplate having various instruments to make your work simpler that don’t coordinate with one another. All things considered, that doesn’t sound simple.

Most current accounting devices incorporate your current business applications. This implies your accounting framework gets data from your HR software, spends the executive’s software, and so on.

Thus, you won’t ever have copy sections and have constant information across all stages.

 

7-Strengthen Data Security

To prevent cyberattacks, the requirement for information wellbeing has become more significant than any time in recent memory. In 2020 itself, there have been more than 445 million cyberattacks, twofold than 2019.

The present web-based accounting software is ensured by additional security layers, like two-factor confirmation, approved admittance, and ordinary reinforcement. Progressed organizations even utilize extra safety efforts to secure your information, for example,

 

Encryption

Information stockpiling in different server farms (to forestall information misfortune)

Insurance from phishing assaults employing firewalls

Expanded Validation (EV) SSL

You can even set up job-based admittance to guarantee just approved people access touchy monetary data.

 

8-Can Be Accessed From Anywhere Anytime

Picking a cloud-based accounting instrument gives you the adaptability to work from anyplace. You can get essential monetary information from anyplace and whenever. All you will require is a web-associated gadget.

This is incredible for chiefs who frequently travel for business purposes. You will want to rapidly handle an installment, really take a look at a record, make monetary reports, and more without being available in the workplace.

This ensures that the accounting device you pick has a portable application so you can safely sign in and see information as and when required.

 

9-Make Invoicing Easier

Invoicing is a drawn-out and tedious assignment. And, whenever done in a rush, the odds of blunders are high. In any case, with accounting apparatuses, you can make advanced solicitations in no time.

The accounting framework will utilize the recently recorded information to make the receipt. You should simply enter the date and party included. And the instrument will wrap up naturally.

This is very valuable as it permits you to rapidly send reports to customers (without making them sit tight for the specific installment subtleties), prompting higher consumer loyalty.

 

10-Support extensions with Scalability

As your business develops, so will your records. From adding new workers to onboarding customers, a great deal goes into expanding activities. In the conventional accounting framework, you should recruit more bookkeepers to keep things running.

With an internet accounting framework, you will simply overhaul your arrangement. You will not need to go through the issue of discovering new software or employing bookkeepers, so far as that is concerned.

You can even downsize your arrangement as and when required. This opportunity permits you to keep your business moving along as expected.

 

Last Thoughts

However an accounting instrument itself is a speculation, it can demonstrate help over the long haul. It doesn’t make any difference in case you are a startup (with 10-15 workers) or an undertaking with 500+ staff, an accounting instrument can upgrade your activities.

In any case, make a point to pick the right accounting instrument for your business to take advantage of your venture.

Maintaining a bid company involves efficiently managing human resources, payroll processes, and other critical aspects of the business. Here’s how HR and payroll software can contribute to the effective management of a bid company:

Automated Payroll Processing:

Utilize payroll software to automate the calculation and disbursement of employee salaries, benefits, and deductions.
Ensure that the software can handle various pay structures and complexities related to bidding projects.
Time and Attendance Tracking:

Integrate time and attendance tracking features to accurately capture hours worked, especially for projects with specific timelines.
Enable project-specific time tracking for accurate billing and payroll calculations.
Project-Based Compensation:

Configure the payroll software to handle project-specific compensation structures and bonuses.
Link employee pay to project milestones or achievements.
Contractor Management:

Manage contracts and payments for contractors or freelancers involved in bid projects.
Ensure that the software supports easy onboarding and payment processing for external resources.
Compliance with Labor Laws:

Choose HR and payroll software that helps in complying with local, state, and federal labor laws, especially if your bid company operates in multiple locations.
Stay updated on regulatory changes and ensure that the software is regularly updated to meet compliance requirements.
Employee Self-Service (ESS):

Implement ESS features to allow employees to access their payroll information, update personal details, and view project-related compensation details.
Empower employees to manage their own information, reducing administrative overhead.
Expense Management:

Integrate expense management features to track project-related expenses.
Streamline the approval and reimbursement process for employees incurring project expenses.
Project Budgeting and Forecasting:

Utilize HR and payroll software that integrates with project management or accounting tools for effective budgeting and forecasting.
Monitor project costs and adjust budgets as needed.
Performance Management:

Implement performance management features to assess employee contributions to bid projects.
Link performance reviews to project outcomes and use feedback for future bidding decisions.
Training and Development:

Utilize HR software to identify training needs for employees involved in bid projects.
Provide training resources to enhance skills required for successful project execution.
Global Payroll Capabilities (if applicable):

If your bid company operates globally, choose HR and payroll software that can handle international payroll complexities.

The demand for HR and payroll software has increased over the years due to several factors, reflecting the evolving needs of businesses and the desire to streamline and optimize human resource management processes. Some key reasons for the growing demand include:

Efficiency and Time Savings:

HR and payroll software automate many manual and time-consuming tasks, saving organizations significant amounts of time and resources. This increased efficiency is particularly crucial as businesses strive to operate more effectively.
Accuracy and Compliance:

Automation reduces the likelihood of errors in payroll calculations and helps organizations stay compliant with complex and ever-changing labor laws and tax regulations. The need for accurate and compliant payroll processing is a major driver for adopting dedicated software solutions.
Growing Complexity of Payroll Processing:

As businesses expand and diversify, payroll processing becomes more complex. HR and payroll software can handle various pay structures, benefit plans, and compliance requirements, providing a scalable solution that can grow with the organization.
Remote Work and Mobility:

The rise of remote work has increased the demand for software solutions that facilitate HR and payroll processes from anywhere. Cloud-based HR and payroll software, accessible through web browsers or mobile apps, support the needs of a dispersed workforce.
Data Security and Confidentiality:

With an increasing emphasis on data security and privacy, organizations are turning to HR and payroll software to ensure the secure storage and management of sensitive employee information. These systems often come with robust security features and access controls.
Employee Experience and Self-Service:

Modern employees expect convenient and self-service options for accessing their HR and payroll information. HR software with self-service portals empowers employees to manage their own data, reducing the administrative burden on HR departments.
Analytics and Decision Support:

HR and payroll software often include analytics and reporting tools, providing organizations with valuable insights into workforce trends. This data-driven approach helps in making informed decisions related to talent management, workforce planning, and compensation strategies.
Globalization and Compliance Challenges:

For organizations with an international presence, the complexities of managing global payrolls and complying with diverse tax and labor regulations are significant. HR and payroll software with global capabilities help address these challenges.
Integration with Other Systems:

Businesses use various software applications for different aspects of their operations. Integration capabilities of HR and payroll software ensure seamless data flow between systems, eliminating the need for manual data entry and reducing errors.
Cost Savings:

While there is an initial investment in implementing HR and payroll software, the long-term cost savings in terms of time, efficiency, and reduced errors often outweigh the initial expenses. This is particularly attractive to businesses looking to optimize their operational costs.
Regulatory Changes and Updates:

The frequent changes in labor laws, tax codes, and other regulatory requirements necessitate a software solution that can adapt quickly. HR and payroll software vendors often provide regular updates to ensure compliance with the latest regulations.
Pandemic Response and Flexibility:

The COVID-19 pandemic highlighted the importance of flexible and adaptable HR and payroll processes. Businesses that could quickly adjust to changes in working arrangements, government support programs, and compliance requirements often relied on robust software solutions.
The combination of these factors has led to an increased demand for HR and payroll software as organizations recognize the strategic importance of effectively managing their workforce while staying compliant with regulations and adapting to the changing business landscape.

Payroll software is designed to streamline and automate the process of calculating and disbursing employee salaries and benefits. It plays a crucial role in ensuring accurate and timely payment to employees while also helping organizations comply with tax regulations and other financial requirements. Here are common functionalities found in payroll software:

Salary Calculation:

Automated calculation of gross and net pay based on hours worked, salaries, and deductions.
Handling different pay structures (hourly, salaried, commission-based, etc.).
Tax Deductions and Withholding:

Automatic calculation and deduction of federal, state, and local taxes.
Withholding for Social Security, Medicare, and other statutory deductions.
Benefits Administration:

Management of employee benefits such as health insurance, retirement plans, and other deductions.
Integration with HR systems for seamless benefits tracking.
Time and Attendance Integration:

Integration with time and attendance systems to accurately calculate hours worked.
Handling overtime, paid time off (PTO), and other time-related variables.
Direct Deposit and Payment Processing:

Facilitation of direct deposit payments to employees’ bank accounts.
Printing of physical paychecks if required.
Support for multiple payment methods.
Compliance and Reporting:

Ensuring compliance with tax regulations and labor laws.
Generation of payroll reports for tax filings and audits.
Compliance with local, state, and federal regulations.
Year-End Processing:

Facilitating year-end processes, including W-2 and 1099 generation.
Handling tax form distribution to employees.
Generating reports for tax filing.
Employee Self-Service (ESS):

Providing employees access to their pay stubs, tax forms, and other relevant information.
Allowing employees to update personal information and tax withholdings.
Automated Deductions:

Deductions for benefits, retirement contributions, and other voluntary deductions.
Tracking and managing employee loans or advances.
Multi-State and Global Payroll:

Handling payroll for employees in different states or countries.
Compliance with international tax and labor regulations.
Integration with Accounting Systems:

Seamless integration with accounting software for financial record-keeping.
Automatic updates to general ledger accounts.
Data Security and Confidentiality:

Ensuring the security and confidentiality of sensitive payroll information.
Access controls and encryption for data protection.
Audit Trails:

Maintaining detailed audit trails for all payroll transactions.
Ensuring accountability and transparency in payroll processing.
Automation of Statutory Filings:

Automated submission of payroll-related filings to tax authorities.
Compliance with deadlines for filing payroll taxes.
Mobile Accessibility:

Access to payroll information through mobile devices.
Mobile-friendly interfaces for on-the-go payroll management.
Employee Garnishments and Deductions:

Handling legal deductions, such as wage garnishments.
Compliance with legal requirements for various types of deductions.
User-Friendly Interface:

Intuitive and user-friendly interfaces for payroll administrators.
Streamlined workflows for efficient payroll processing.
The functionalities of payroll software contribute to accuracy, efficiency, and compliance in payroll management, ultimately benefiting both the organization and its employees. The specific features may vary among different payroll solutions, so organizations should choose software that aligns with their unique payroll processing needs.

HR software encompasses a wide range of functionalities designed to streamline and manage various aspects of human resource management within an organization. The specific features can vary among different software solutions, but here are common functionalities found in HR software:

Recruitment and Applicant Tracking:

Job posting and distribution
Applicant tracking and management
Resume parsing
Interview scheduling and feedback
Employee Onboarding:

Electronic document submission and processing
Onboarding workflows
Employee orientation and training tracking
Task management for new hires
Employee Database and Records:

Centralized employee information repository
Personal and professional details
Employment history and performance records
Time and Attendance Management:

Time tracking
Attendance monitoring
Leave and vacation management
Overtime tracking
Performance Management:

Goal setting and tracking
Performance reviews and appraisals
Feedback and coaching tools
Competency assessments
Learning and Development:

Training program management
Skills assessment
Certification tracking
E-learning platforms integration
Compensation and Benefits:

Salary administration
Benefits administration
Compensation planning and analysis
Payroll integration
Employee Self-Service (ESS):

Access to personal information
Benefits enrollment and changes
Time-off requests and approvals
Performance feedback and goal setting
HR Analytics and Reporting:

Customizable reports and dashboards
Workforce analytics
Turnover and retention analysis
Compliance reporting
Succession Planning:

Identification of high-potential employees
Talent pool development
Succession planning workflows
Career path planning
Employee Relations:

Case management for employee issues
Employee surveys and feedback
Grievance handling
Conflict resolution tools
Compliance and Legal Management:

Compliance tracking with labor laws and regulations
Policy management
Document storage for legal and regulatory documents
Audit trails for data changes
Workforce Planning:

Forecasting workforce needs
Scenario planning for staffing levels
Skills gap analysis
Recruitment planning
Mobile Accessibility:

Mobile-friendly interfaces or dedicated mobile apps
Access to key HR functionalities on smartphones or tablets
Remote work support
Integration with Other Systems:

Seamless integration with payroll, accounting, and other business systems
API support for third-party applications
Data synchronization for consistent information across platforms
These functionalities collectively contribute to the efficient management of human resources, enhance employee experience, and support organizational goals. The selection of HR software depends on the specific needs and priorities of the organization.

 

 

Why HR and Payroll software

Human Resources (HR) and payroll software play crucial roles in streamlining and managing various aspects of employee administration within organizations. Here are some reasons why businesses often opt for dedicated HR and payroll software:

Efficiency and Automation:

Time Savings: Automation of routine HR and payroll tasks can significantly reduce the time spent on manual data entry and processing. This allows HR professionals to focus on more strategic and value-added activities.
Accuracy: Automated processes reduce the likelihood of errors in payroll calculations and other HR-related functions, ensuring that employees are paid accurately and in compliance with regulations.

Compliance and Legal Requirements:

Regulatory Compliance: HR and Payroll software often come with built-in compliance features that help organizations adhere to local, state, and federal labor laws and tax regulations.

Reporting: These systems can generate reports that assist in audits and compliance checks, helping organizations maintain accurate and up-to-date records.

Data Security:

Confidentiality: HR and payroll data often include sensitive information. Dedicated software provides secure storage and access controls to ensure the confidentiality and privacy of employee data.
Backup and Recovery: Automated backup features help in protecting data from loss or damage, ensuring that critical information can be recovered in case of emergencies.

Employee Self-Service:

Empowerment: HR software often includes employee self-service portals, allowing employees to access their payroll information, benefits, and other HR-related details. This reduces the burden on HR staff and empowers employees to manage some aspects of their employment.

Scalability:

Adaptability: As businesses grow, their HR and payroll needs also evolve. Dedicated software solutions are scalable and can adapt to the changing requirements of a growing organization.

Integration with Other Systems:

Seamless Operations: HR and Payroll software can integrate with other business systems, such as accounting, time and attendance, and ERP systems, ensuring smooth data flow and reducing manual data entry errors.

Employee Management:

Employee Records: These systems provide a centralized repository for employee data, making it easier to manage and retrieve information about personnel, including performance reviews, training history, and career development.

Cost Savings:

Resource Optimization: By automating repetitive tasks, organizations can optimize their resources and reduce the need for additional staff to handle administrative work.

Analytics and Reporting:

Decision Support: HR and Payroll software often come with analytics and reporting tools that provide valuable insights into workforce trends, allowing organizations to make informed decisions about staffing, compensation, and other HR-related strategies.

Mobile Accessibility:

Flexibility: Many HR and Payroll software solutions offer mobile applications, providing flexibility for both HR professionals and employees to access relevant information from anywhere.
In summary, HR and Payroll software streamline operations, enhance accuracy, ensure compliance, and contribute to overall organizational efficiency and effectiveness.