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Magnar Payroll Processing

Magnar Payroll Processing
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
Employee 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..
Social 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.
Income 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.
Accruals 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
Multiple 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
Off-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
Off-cycle Leave Processing
Pay Annual Leaves in advance before employees goes on there long vacation.
End of Service Settlement
make the financial calculations for EOS based on company and country rules and policies.
Leave Encashment
Employees are able to Cash Back leaves that are not utilized subject to management approval
Flexible 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
Salaries
Benefits Management
Expenses
Expense Claims
Earnings
Employees Benefits
Deductions
Employee Deductions
Cloud Deployment
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.
On Premise Deployment
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.
Highly Secure
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.
Impeccable Performance
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.
Multi Country
Magnar Supports Multi-Country HR and Payroll
Magnar HCM has a highly configurable payroll engine that supports unlimited number of local tax, social Security , and labor laws that supports your business without geographic boundaries within the same system.
Multi Company
Multi Company, Branch Support
Magnar HCM has a highly configurable payroll engine that supports unlimited number of local tax, social Security , and labor laws that supports your business without geographic boundaries within the same system.
Multi Currency
Magnar HCM support multiple currencies
No worries about how you pay your employees as Magnar supports all currencies with no limitations
Multi Language
Magnar Supports Multiple Languages
No worries about how you pay your employees as Magnar supports all currencies with no limitations
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