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Payroll software is an Xceed product, which aims to streamline and automate the process of paying a company's employees. Functions of payroll software include automatically calculating with holdings or deductions, processing direct deposits, void payments and generating tax forms and other reports. Some systems also feature check printing capabilities. Xceed is continuing to maintain and developing additional application modules such as employee administration, Leave management and HRMS related enhancements.
By adopting payroll software, organizations can speed up transactions, reduce cycle times and manual errors. It also helps establish financial transparency between employee and employer. Third-party providers can use the software to manage payroll processes for customers on their systems. Apart from reducing costs, there is greater control as opposed to using a professional service Our product goes that extra length to offer you payroll systems that are tailored to suit your business needs, whether you are just starting out as a micro-enterprise or in need of some advanced, premier accounting tools.