Statutory Management Software

Maintaining the perks which the company provides to its employees is quite difficult.
The management team is responsible for managing this. It becomes critical for them to handle every detail when they have multiple jobs to handle, hence, statutory compliance software comes to the rescue. Because of this, businesses are choosing statutory management software that could lighten their workload. Many businesses, both large and small, use Insypay HRMS to cater their different needs.
Digitise your payroll and HR procedures instantly
Key Features
Automatic updates of Compliance
The management can safely recover each database with its assistance and produce it as needed. Correctly calculating the ESI and provident fund is crucial. This statutory reporting software makes it simple to perform all calculations. Statutory software aids in continuously monitoring changes and timely updating the compliance repository.
Timely alerts and ESI computation
Regular alert features are a must. When certain thresholds are exceeded, task owners receive predetermined email alerts that are escalated. For simple compliance, salary structures are configured with ESI computation and applicable criteria automatically. Automatic creation of the output files necessary for filing returns.
PF configured system
Establish PF regulations depending on employee categories to maintain compliance. the auto generated ECR files after payroll have been processed. Through outlined workflows and a customizable escalation mechanism of the Statutory software, this regulatory compliance management system in India has control over the compliance process.
Regular verification and updates as per laws
The software constantly verifies and updates the laws and regulations. There is no need for you to be concerned about new laws and restrictions. Additionally, it saves you the time and effort required to identify new laws and regulations and modify them to fit your company.
Real time updates and gap fulfillment
One may evaluate the present situation and possible hazards of unfulfilled compliance requirements using this compliance management software from India. Status updates in real-time with granular analysis tailored to your needs.