MAGNAR Payroll Processing is second to non in flexibility, performance and security

Specifically designed for any company size and location based on the features and modules Below
 
1Employee Benefits Management
There is no limit to the benefits that can be flexibly configured with Magnar. The benefits configuration engine is a formula based engine that allows the creation of all kinds of benefits that can be linked to the Employee Type , Grade, Level, Years of Experience , etc..
1Social Security Management
Social Security is a key item in any HR system. With Magnar the social security benefits are configured based on the country labor law and takes into consideration all the country rules to ensure the employee and the company are complaint to labor law.
1Income Tax Processing
Income Tax is usually a complex part of any HR system and with Magnar it could not be easier. Tax brackets and related income tax percentages are easily configured and linked to the taxable benefits for each employee type and country tax rules.
1Accruals and Provisions
Magnar allows to take provisions for any benefit that needs to be paid in the future whether it is a Bous, a ticket, and extra month or any benefit that needs to be accrued.
1Multiple Calendars and Shifts
Multiple Calendars are supported and linked to different employee types taking into consideration the working schedule and holidays at the company and country level.
1Off-cycle Processing
Official payroll processing is a must and allows the payment or calculation of any benefit outside the normal payroll run and can be for one employee a group of employees or the entire company.
1Off-cycle Leave Processing
Pay Annual Leaves in advance before employees goes on there long vacation.
1End of Service Settlement
Make the financial calculations for EOS based on company and country rules and policies.
1Leave Encashment
Employees are able to Cash Back leaves that are not utilized subject to management approval.
1Flexible Formula Based Payroll Engine
Magnar Payroll is equipped with an intelligent formula based excel like engine that allows a flexible configuration of any pay element.

Products Features

A Loosely Coupled application that works with your ERP deployed on Cloud
  • Easy and affordable deployment
  • Secure browser-based access from anywhere, at any time
  • Access to the most up-to-date functionality without having to use rely on in-house IT resources to maintain the solution
  • Manage critical business functions in your Web browser.
Magnar offers On-premise deployment options
  • Easy and affordable deployment
  • Secure browser-based access from anywhere, at any time
  • Access to the most up-to-date functionality without having to use rely on in-house IT resources to maintain the solution
  • Manage critical business functions in your Web browser.
Magnar HCM is a highly secured system
  • Role based security
  • Data security at records level
  • Payroll data is secured to ensure financial information are only accessed by the authorized payroll admins.
When it comes to payroll processing performance is a key requirement.
With Magnar you can process the payroll for 1000’s of employees within seconds
  • Role based security
  • Data security at records level
  • Payroll data is secured to ensure financial information are only accessed by the authorized payroll admins.