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SOAIS 2009 © All rights reserved PAYROLL  OUTSOURCING 2.0
CORPORATE PROFILE SOATECH , the process arm of SOAIS is a full fledged service firm, offering services in the areas of  Book Keeping, Accounting, Payroll, Finance, Budgeting, Compliance and Consulting . It was set up in the fall of 2007 and since inception has expanded smartly with offices in  Chicago, Bangalore and Delhi . SOATECH has a  cumulative experience of over 50 years in F&A services backed by Chartered Accountants, Cost Accountants and MBAs with domain expertise .  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Client Speak “ Everything that we could've ever asked for,  SOAIS   delivered . Their commitment to excellence and customer satisfaction is unmatched, and their final product speaks for itself.”  – Large Manufacturing Firm Administration Payroll Book Keeping B Online A Overnight P
WHY US ? Team Structure CLIENT CLIENT CLIENT Delivery Manager Exec 1 Exec 2 Exec 3 Exec 4 Our team is structured in a manner which allows for maximum flexibility with minimum risk of disruption caused by attrition. Each delivery manager is assigned to 3-4 clients max. depending upon the scope and size of the engagement. Each delivery manager has 4-5 accounts executive reporting to him/her, at 80% utilization. This allows the team to adhere to the TAT norms laid out under the SLA agreements, even during peak months. The executives are also rotated and trained on a periodic basis to ensure that their skill sets are up to the mark.  Employee Speak Vision to be   a one-stop Solution provider in  Finance & Accounting with exemplary service record Backed by Chartered Accountants, Cost Accountants and MBAs with over 50 years exp. in Consulting & implementation Verifiable client base with high percentage return customers “  SOAIS  provides me the right set of tools and resources to carry out my duties well. Its emphasis on articulation, attention to detail and learning resources is what sets it apart from other organizations of similar size and stature. Its job rotation policy also aids in making the job interesting as there is always something new to learn” – Nihar S. Sahoo
CLIENT LIST
BENEFITS OF OUTSOURCING Now that we have deliberated on our people, process and clients, let us give you a brief of the benefits of engaging us as your service providers. We hope you find the information useful. Benefits ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DELIVERY METHADOLOGY Due  Diligence Identification  of service  requirements Development of an implementation frameowrk after identification of risks, training  requirments  and service level  support Conducting pilot studies and test runs Process  Documentation  (Which includes Goals, milestones And support) SLAs and  Agreement sign off  Implementation  And live run  MNCs/Large Enterprises 1 st  month 2 nd  month 3 rd   month SMEs/SMBs 1-2 weeks 2-3 weeks 4 th  week
SOAIS 2009 © All rights reserved SOAIS PAYROLL - INTRODUCTION  Modular online payroll services based on SOA technologies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SOAIS 2009 © All rights reserved SOAIS PAYROLL – COMPARATIVE ANALYSIS  How is it better and different ? - - - - Easily integrated with other enterprise applications Highly customizable and interactive user interface Workflow enabled user access with rules Data tracing and forecasting ability Integrated modules from Induction to Payroll Structured division of functional fields  Automates generation of forms and calculations Web Enabled Access  SOAIS Conventional Core Parameters
What is workflow enabled ? Manual Workflow SOAIS PAYROLL – FEATURES  Data Retrieval What is my leave balance? Consequence Data Storage Leave/Claim  Application
What is workflow enabled ? Automated workflow SOAIS PAYROLL – FEATURES  Data Storage Want to take a trip Let me check my leave balance Data Retrieval Consequence A healthy employee employer relationship Leave/Claim  Application Approved
What about employees with no access to a computer ? For employees with no access to a computer, a  kiosk can be set up at a central place  at all  regional and branch offices  so  employees can access their details . This will  save both the employees and employer substantial time  which can be put to more productive uses. SOAIS PAYROLL – REMOTE ACCESS
What other methods can be used to update employees at remote locations ? For updating employees at remote locations we have incorporated  mobile integration solutions  which allows the  administrator/HR to send updates to employees through SMS . This will  help employees keep up to date with various notifications, salary credits, announcements and event schedules . Send a notification for an upcoming meeting Done SOAIS PAYROLL – REMOTE ACCESS
What is the benefit of a hosted software ? The core benefit of a hosted software is  high speed and low cost of implementation . For example, if a company has one hundred branches, an ordinary payroll application will have to be installed separately in all the 100 branches, even though the software might be web enabled. This is a very time consuming and cumbersome process, and might even lead to cost escalation with adequate infrastructure required to support the software. However, SOAIS offers a  website where the payroll application is hosted  and  every employee is given a unique login id and password , just as you would log in to your personal mail. This  saves a lot of time, effort and money (also incremental costs of owning software such as patches and AMC)  for the company. Another  big advantage is that a server’s computation speed is much faster than a normal computer . Thus for  complex calculations , which might take  ages for the normal computer  to execute, the same can be  achieved in a matter of seconds on a hosted platform. Single  Installation Multiple installations SOAIS PAYROLL – HOSTING OPTION
What is the benefit of integration ? Integration predicates  integrating the software with third party products  and can also be  integrated with other application surrounding the product . This helps  automate the process  and  reduces manual intervention , which can be time consuming. For example, if a  company is planning to develop a “Service Page Record”  for all its employees and wants to develop an application to do this, then  SOAIS will be in a position not just to develop the application  but even to  integrate it with the payroll software . Since the  software is rule based , it can be  customized to recognize the feeds provided to it by the service record application . This would be  extremely beneficial  if the company has  different slabs  for different workers as the  slab rates can then be fed on to the rules field  which will  automate salary and tax computation . It can also be  integrated with biometric devises  thus  automatically updating the employee register  as soon as he/she signs in. SOAIS PAYROLL – EASE OF INTEGRATION
MODULE TREE  PERSONNEL MANAGEMENT Manage employees Manage departments Manage locations EMPLOYEE PERFORMANCE  Appraisals Normalization and communication Reports LEAVE MANAGEMENT SYSTEM  Employee Manager Reports & Notification View leave balance Request leave Check entitlement View leave request Approve/Reject Request SELF SERVICE PORTAL WITH REPORTS Online pay slips Reimbursement & claim management Loan management PF statements IT Statement IT Declaration
MODULE TREE  Training Management Modules Schedules Performance Recruitment Management Induction Profiling Reporting Payroll Administration Salary definitions Data Import/Export Taxes & Provision Slabs Formulas Excel Tally RDBMS Heads PT Computation PF Computation TDS Computation
KPI  What are the key features and benefits ? Based on SOA Technologies Highly customizable and adaptable Workflow enabled rule based interface Tax categories defined by states Allows the edition of tax categories 24/7 online access with push features Allows assigning minimum and maximum  values to different fields Integration with data push and seek features Search enabled with data forecasting Hosted application with induction to  payroll modules Comes at one third the price of an enterprise application Protects the customer from risk of new version release Reduces the burden of paperwork and time devoted  This accounts for differential PT rates in different states  Helps align the software with new tax laws e.g. FBT abolition  Allows employees to receive updates via SMS, declare returns  Online, apply for leave online and submit reports online  This is vital to ensure employee claims correspond to  company policy and do not overshoot limits  Can be easily integrated with other application even RFID and support date import/export to protect against manual entry  Helps trace employees from different geographies and departments and allows forecasting tax liability Saves customer the trouble of investing heavily on infrastructure and managing various vendors
SOAIS PAYROLL – ACCOUNTABILITY  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CASE STUDY  Can the process be explained through an example ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SOAIS Advantage COMPETENCY
CONTACT  Please contact any one of us for a discussion on your specific needs. Log on to the India Finance Community at: www.indiafinance.ning.com SOA IS www.soais.com “ Putting customers first” Gururaja Upendra VP - Operations Cell: +91 9880243025 [email_address] Corporate Office: Unit 9, Level 5 Navigator, I.T. Park Whitefield Road Bangalore – 560 066, India Tel: +91 80 40071234 SOATECH Solutions Pvt. Ltd. #406, 2 nd  Flr, 9 th  Cross, 2 nd  Blk, R.T. Nagar, Bangalore – 32, India Tel: +91 80 40494545 Direct: +91 80 40494522 Fax: +91 80 40494517

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Soais Payroll Outsourcing[2]

  • 1. SOAIS 2009 © All rights reserved PAYROLL OUTSOURCING 2.0
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  • 3. WHY US ? Team Structure CLIENT CLIENT CLIENT Delivery Manager Exec 1 Exec 2 Exec 3 Exec 4 Our team is structured in a manner which allows for maximum flexibility with minimum risk of disruption caused by attrition. Each delivery manager is assigned to 3-4 clients max. depending upon the scope and size of the engagement. Each delivery manager has 4-5 accounts executive reporting to him/her, at 80% utilization. This allows the team to adhere to the TAT norms laid out under the SLA agreements, even during peak months. The executives are also rotated and trained on a periodic basis to ensure that their skill sets are up to the mark. Employee Speak Vision to be a one-stop Solution provider in Finance & Accounting with exemplary service record Backed by Chartered Accountants, Cost Accountants and MBAs with over 50 years exp. in Consulting & implementation Verifiable client base with high percentage return customers “ SOAIS provides me the right set of tools and resources to carry out my duties well. Its emphasis on articulation, attention to detail and learning resources is what sets it apart from other organizations of similar size and stature. Its job rotation policy also aids in making the job interesting as there is always something new to learn” – Nihar S. Sahoo
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  • 6. DELIVERY METHADOLOGY Due Diligence Identification of service requirements Development of an implementation frameowrk after identification of risks, training requirments and service level support Conducting pilot studies and test runs Process Documentation (Which includes Goals, milestones And support) SLAs and Agreement sign off Implementation And live run MNCs/Large Enterprises 1 st month 2 nd month 3 rd month SMEs/SMBs 1-2 weeks 2-3 weeks 4 th week
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  • 8. SOAIS 2009 © All rights reserved SOAIS PAYROLL – COMPARATIVE ANALYSIS How is it better and different ? - - - - Easily integrated with other enterprise applications Highly customizable and interactive user interface Workflow enabled user access with rules Data tracing and forecasting ability Integrated modules from Induction to Payroll Structured division of functional fields Automates generation of forms and calculations Web Enabled Access SOAIS Conventional Core Parameters
  • 9. What is workflow enabled ? Manual Workflow SOAIS PAYROLL – FEATURES Data Retrieval What is my leave balance? Consequence Data Storage Leave/Claim Application
  • 10. What is workflow enabled ? Automated workflow SOAIS PAYROLL – FEATURES Data Storage Want to take a trip Let me check my leave balance Data Retrieval Consequence A healthy employee employer relationship Leave/Claim Application Approved
  • 11. What about employees with no access to a computer ? For employees with no access to a computer, a kiosk can be set up at a central place at all regional and branch offices so employees can access their details . This will save both the employees and employer substantial time which can be put to more productive uses. SOAIS PAYROLL – REMOTE ACCESS
  • 12. What other methods can be used to update employees at remote locations ? For updating employees at remote locations we have incorporated mobile integration solutions which allows the administrator/HR to send updates to employees through SMS . This will help employees keep up to date with various notifications, salary credits, announcements and event schedules . Send a notification for an upcoming meeting Done SOAIS PAYROLL – REMOTE ACCESS
  • 13. What is the benefit of a hosted software ? The core benefit of a hosted software is high speed and low cost of implementation . For example, if a company has one hundred branches, an ordinary payroll application will have to be installed separately in all the 100 branches, even though the software might be web enabled. This is a very time consuming and cumbersome process, and might even lead to cost escalation with adequate infrastructure required to support the software. However, SOAIS offers a website where the payroll application is hosted and every employee is given a unique login id and password , just as you would log in to your personal mail. This saves a lot of time, effort and money (also incremental costs of owning software such as patches and AMC) for the company. Another big advantage is that a server’s computation speed is much faster than a normal computer . Thus for complex calculations , which might take ages for the normal computer to execute, the same can be achieved in a matter of seconds on a hosted platform. Single Installation Multiple installations SOAIS PAYROLL – HOSTING OPTION
  • 14. What is the benefit of integration ? Integration predicates integrating the software with third party products and can also be integrated with other application surrounding the product . This helps automate the process and reduces manual intervention , which can be time consuming. For example, if a company is planning to develop a “Service Page Record” for all its employees and wants to develop an application to do this, then SOAIS will be in a position not just to develop the application but even to integrate it with the payroll software . Since the software is rule based , it can be customized to recognize the feeds provided to it by the service record application . This would be extremely beneficial if the company has different slabs for different workers as the slab rates can then be fed on to the rules field which will automate salary and tax computation . It can also be integrated with biometric devises thus automatically updating the employee register as soon as he/she signs in. SOAIS PAYROLL – EASE OF INTEGRATION
  • 15. MODULE TREE PERSONNEL MANAGEMENT Manage employees Manage departments Manage locations EMPLOYEE PERFORMANCE Appraisals Normalization and communication Reports LEAVE MANAGEMENT SYSTEM Employee Manager Reports & Notification View leave balance Request leave Check entitlement View leave request Approve/Reject Request SELF SERVICE PORTAL WITH REPORTS Online pay slips Reimbursement & claim management Loan management PF statements IT Statement IT Declaration
  • 16. MODULE TREE Training Management Modules Schedules Performance Recruitment Management Induction Profiling Reporting Payroll Administration Salary definitions Data Import/Export Taxes & Provision Slabs Formulas Excel Tally RDBMS Heads PT Computation PF Computation TDS Computation
  • 17. KPI What are the key features and benefits ? Based on SOA Technologies Highly customizable and adaptable Workflow enabled rule based interface Tax categories defined by states Allows the edition of tax categories 24/7 online access with push features Allows assigning minimum and maximum values to different fields Integration with data push and seek features Search enabled with data forecasting Hosted application with induction to payroll modules Comes at one third the price of an enterprise application Protects the customer from risk of new version release Reduces the burden of paperwork and time devoted This accounts for differential PT rates in different states Helps align the software with new tax laws e.g. FBT abolition Allows employees to receive updates via SMS, declare returns Online, apply for leave online and submit reports online This is vital to ensure employee claims correspond to company policy and do not overshoot limits Can be easily integrated with other application even RFID and support date import/export to protect against manual entry Helps trace employees from different geographies and departments and allows forecasting tax liability Saves customer the trouble of investing heavily on infrastructure and managing various vendors
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  • 21. CONTACT Please contact any one of us for a discussion on your specific needs. Log on to the India Finance Community at: www.indiafinance.ning.com SOA IS www.soais.com “ Putting customers first” Gururaja Upendra VP - Operations Cell: +91 9880243025 [email_address] Corporate Office: Unit 9, Level 5 Navigator, I.T. Park Whitefield Road Bangalore – 560 066, India Tel: +91 80 40071234 SOATECH Solutions Pvt. Ltd. #406, 2 nd Flr, 9 th Cross, 2 nd Blk, R.T. Nagar, Bangalore – 32, India Tel: +91 80 40494545 Direct: +91 80 40494522 Fax: +91 80 40494517