Olympus |

Payroll Processing

Leverage the

power of

streamlined

payroll

processing

Optimize payroll procedures and guarantee timely payments through our secure and efficient platform for a stress-free salary disbursement experience

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Complete KYC Process

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Process

Bulk

Payment

Cash-Flow

Visibility

Approval

Process

Sending out employee salaries used to be a drawn-out and manual task. With traditional methods, errors and delays were not uncommon in calculating salaries.

With EnKash, quickly calculate and send employees their accurate salaries directly to their bank accounts, giving them quick access to their funds.

Simplify payroll payouts

with our advanced solutions

Employee Data Verification

Efficiently collect and validate crucial information about your employees with e-KYC, before initiating the payroll system, ensuring accuracy and compliance with regulatory requirements

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Salary Account Validation

Utilize the penny-drop method to validate salary account details before processing payroll transactions, minimizing the risk of payment errors and enhancing financial security

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Multi-Branch Disbursement

Simplify the complexity of the payroll system across multiple branches with one click. Easily initiate the employee salaries of different branches with a single dashboard

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Seamless ERP Integration

Integrate effortlessly with your existing ERP system and banking partners to streamline the entire payroll processing workflow

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Flexible Functionality

Ensure timely payment for interns, contractors, and full-time employees, handling both regular and off-cycle payroll effortlessly. Additionally, swiftly process reimbursements alongside monthly payroll

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Efficient, accurate, and

hassle-free payroll management

How does it work?

1/4

Quickly upload employee data, set the approval flow, and disburse salaries – all within our user-friendly platform

Learn how our payroll processing can revolutionize the way you work!

Read Blogs

All You Need to Know about Employee Expense Reimbursement

Dec 23, 2022

Employee expense reimbursement is a process where an employer reimburses an employee for expenses incurred while performing job-related tasks. These expenses may include travel, training, equipment...

7 Benefits of Payroll cards for Employees

May 11, 2023

Caring for employees makes a business seem thoughtful and reliable. Employee satisfaction is a two-way street and payroll cards for employees is a good start. The easiest way to make employees happy is to pay them on time...

How to Use Bulk Payment Effectively for Better Results?

Aug 15, 2023

Today, ensuring your business is up and running consistently is considered a necessity. With the increasing competition, any break in your supply of goods or services to your customers can result...

Got Questions?

Don't worry! Our FAQs section will help you learn about payroll processing in detail

What is payroll processing?

Payroll processing involves the calculation and distribution of employee salaries, ensuring accurate and timely payments. It encompasses tasks such as salary calculations, approval workflows, and disbursement of funds.

How does EnKash payroll processing work?

EnKash payroll processing streamlines the entire payroll procedure by providing a secure and efficient platform. Users can quickly upload employee data, set up approval flows, and disburse salaries within the user-friendly interface.

How can payroll processing software help my business?

Payroll processing software helps businesses by automating and optimizing payroll procedures, ensuring timely and accurate payments to employees. It improves efficiency, reduces errors, enhances financial security, and provides real-time visibility into cash flow.

How do I calculate the amount for payroll processing?

The amount for payroll processing is calculated based on various factors including employee salaries or wages, overtime pay, bonuses, deductions for taxes, insurance, retirement contributions, etc. Automated payroll systems like EnKash simplify this process by allowing users to input relevant data and automatically calculate the amounts.

What are the common challenges in payroll processing?

Common challenges in payroll processing include manual and time-consuming tasks leading to errors and delays, limited capacity for bulk payments, lack of real-time visibility into cash flow, and inefficient approval processes.

Seeking further understanding of payroll processing?

Payroll processing is how a company makes sure its employees get paid the right amount, on time. It's all about calculating and handing out salaries and wages to everyone who works there.

Explore our comprehensive guide

What is end-to-end payroll processing?

End-to-end payroll processing refers to the complete process of managing payroll from start to finish, including tasks such as collecting employee data, calculating wages, deducting taxes, processing payments, and generating reports. EnKash provides end-to-end payroll processing by offering a comprehensive platform that covers all aspects of payroll management.

What are the key components of effective payroll processing software?

Key components of an effective payroll processing software include automation of tasks, accuracy in calculations, compliance with regulations, security of financial data, scalability to handle varying volumes of transactions, integration with other systems such as ERP and banking partners, and robust reporting and analytics capabilities.

What is the difference between payroll processing and payroll management?

Payroll processing specifically refers to the technical aspects of calculating and distributing employee salaries and wages. On the other hand, payroll management encompasses a broader range of tasks including strategic planning, policy development, compliance with labor laws, employee benefits administration, and overall oversight of the payroll function within an organization.

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Corporate cards, payments, or other related services are provided by RBI-licensed banks and/ or in accordance with RBI regulations and/ or RBI compliance maintained by banks & regulated entities. EnKash is not a bank and doesn’t hold or claim to hold a banking license. *Powered by Banks/REs. ^# Launching soon as per RBI's PA (Online) authorization

Olympus™, an EnKash** product, is a licensed online payment aggregator authorized by the RBI

**EnKash is a commercial trade name owned by the legal entity, Nehat Tech Solutions Pvt. Ltd.

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Mumbai

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Bengaluru

Payroll Processing

What is payroll processing?

Payroll processing involves the calculation and distribution of employee salaries, ensuring accurate and timely payments. It encompasses tasks such as salary calculations, approval workflows, and disbursement of funds.

How does EnKash payroll processing work?

EnKash payroll processing streamlines the entire payroll procedure by providing a secure and efficient platform. Users can quickly upload employee data, set up approval flows, and disburse salaries within the user-friendly interface.

How can payroll processing software help my business?

Payroll processing software helps businesses by automating and optimizing payroll procedures, ensuring timely and accurate payments to employees. It improves efficiency, reduces errors, enhances financial security, and provides real-time visibility into cash flow.

How do I calculate the amount for payroll processing?

What are the common challenges in payroll processing?

Common challenges in payroll processing include manual and time-consuming tasks leading to errors and delays, limited capacity for bulk payments, lack of real-time visibility into cash flow, and inefficient approval processes.

Payroll processing is how a company makes sure its employees get paid the right amount, on time. It's all about calculating and handing out salaries and wages to everyone who works there.

Spend Smart. Collect Fast.
Grow More.

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Payroll Processing

What is payroll processing?

Payroll processing involves the calculation and distribution of employee salaries, ensuring accurate and timely payments. It encompasses tasks such as salary calculations, approval workflows, and disbursement of funds.

How does EnKash payroll processing work?

EnKash payroll processing streamlines the entire payroll procedure by providing a secure and efficient platform. Users can quickly upload employee data, set up approval flows, and disburse salaries within the user-friendly interface.

How can payroll processing software help my business?

Payroll processing software helps businesses by automating and optimizing payroll procedures, ensuring timely and accurate payments to employees. It improves efficiency, reduces errors, enhances financial security, and provides real-time visibility into cash flow.

How do I calculate the amount for payroll processing?

What are the common challenges in payroll processing?

Common challenges in payroll processing include manual and time-consuming tasks leading to errors and delays, limited capacity for bulk payments, lack of real-time visibility into cash flow, and inefficient approval processes.

Payroll processing is how a company makes sure its employees get paid the right amount, on time. It's all about calculating and handing out salaries and wages to everyone who works there.

Spend Smart. Collect Fast. Grow More.

Receivables#

Payables

Loyalty Lounge

Solutions

Corporate Cards

Expense Management

Resources

Company

Help and Support

Policies

Spend Smart. Collect Fast.
Grow More.

Receivables^#