HRMantra.com has Launched India’s First Internet Based Pay Per Use Payroll Software Solution

(PRWEB) March 20, 2006

HRMantra software Pvt. Ltd has become India’s first Payroll Application Service Provider (ASP) by launching India’s first Internet based pay per use payroll software.

This is the newest business model in which the software developer does not have to install its software at a client’s office but allows them to use its software from the developers website for a monthly fee.

Clients do not have to buy any payroll software nor invest any money in a server. Clients can do their payroll form anywhere and anytime in two easy steps. They do not have to worry about the loading the software, maintaining it and worrying about data backups.

Through HRMantra, not only is the income tax estimation very accurate but payslips, adhoc slips and income tax estimation slips can be emailed to an employee doing away with printing costs. The access to the software is through a secure 128-bit SSL technology from Verisign.

Companies having multiple locations and where payroll processing is not done from one central location, this will be a great relief since across all the locations the data will be automatically collated by HRMantra. The companies will be able to see company wise, location wise, department wise, grade wise and designation reports in seconds.

Per month cost per employee of doing online payroll processing through HRMantra will be just Rs 30 and it gives 450% savings over the cost incurred (Rs 135). Apart from the monthly payroll processing costs, there is a one-time setup fee of Rs 200 per employee towards the cost of initial client account setup, training, SSL technology, backup and other softwares.

Online Payroll Services offered by HRMantra

A)    Maintenance of the employee masters and databaseB)    Salary Statement, Salary Register and the Salary Slip C)    Adhoc Statement, Adhoc Register and the Adhoc Slip D)    PF, ESIC, TDS forms and ChallansE)    Bank Statements. Bonus Calculations. Profession Tax & LWF statements.F)    Report as per Section 217 2(A) of the Companies ActG)    Employee Cost to the Company and reconciliation ReportH)    Form 16, 16A, 16 AA & Form 12 BA, e-form 24Q and e-Form 24I)    Increment & Arrears calculationsJ)     Location wise / Department wise / Grade wise / Designation wise Reports

Along with the above pure internet based software model, HRMantra has also launched a unique franchisee scheme in which payroll Experts, Practicing Chartered Accountants, PF or ESIC or Income Tax Consultants, HR Professionals, Investment and Insurance Consultants get a fantastic business opportunity.

Franchisees can do payroll processing of companies using the above HRMantra’s online payroll processing software and earn handsome money without virtually any kind of investments. They do not even need an office to start this business venture. By just sitting at home, they can do the payroll processing activities by using our online payroll software.

So if a franchisee does payroll for about 1000 employees then he could earn Rs 15,000 to Rs 45,000 from HRMantra every month. If and when HRMantra receives enquiries from clients asking for someone to do their payroll, they will happily pass on the enquiries to them, If it falls in their area though they are expected to generate and manage your own clients. So it is entirely up to a franchisee how much he would want to earn per month.

In case large companies having employee strength of over 500 employees insist on purchasing a HRMS, Payroll or Sales ERP software, then you could pass on the enquiries to us. If these enquiries result into an order, then we will give you good commissions.

HRMantra ERP Software has primarily 3 major modules:

1) HR modules automating functions like manpower planning, recruitment, test, induction, training management, appraisals, leave management, attendance and career planning.

2) Payroll module- very user-friendly payroll software

It contains all the statutory reports like pay slip, salary register, PF Forms, ESIC Forms, TDS Forms, Form 16, Form 24, EDLI Forms, MIS Reports, etc- in short every thing required to handle payroll.

3) Sales Module- effective sales team management software.

It includes sales professional’s details, daily call reports, sales analysis, charts and reminders.

HR, Payroll & Sales modules can be sold separately or together. HRMantra ERP software will be implemented only in major metros and in companies where the numbers of employees are over 300. The pricing of the HRMantra software starts from Rs 8 lakhs.

Mr Pankaj Bhargav, who has over 18 year’s of experience in the information technology industry, leads HRMantra. His vision is to make HRMantra into a world-renowned software brand. Right from inception, HRMantra has focused into pure software product development and its payroll ASP offering is the latest craze worldwide-to offer the software developed as a service. We have spent over 200 man-years developing our software. We have developed our own report designers and the software is like a portal.

For further details, kindly contact: Mr. Pankaj Bhargav

HRMantra Software Pvt Ltd

303, Linkway Estate, Link Road, Malad (west), Mumbai- 4000 64.

Tel: 022 56790970

You can find further details about us from our website http://www.hrmantra.com

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