What Is Payroll Management and How Does It Work?
Payroll management is an essential function for any organization, whether small or large. It involves managing employee compensation, benefits, taxes, and other financial records. Payroll management ensures that employees receive timely and accurate pay for their work, while also maintaining compliance with various laws and regulations. What approach is suitable for your business? In-house payroll […]
5 Advantages of Deploying Payroll Automation at an Organisational Level
At its core, payroll management is the process that makes sure that your employees are paid on time, without fail. It includes different processes such as managing employee salaries, tax deductions, leave encashments, and other aspects of remuneration for employees. Your payroll team is also responsible for the company’s financial records and storing them for […]
MYND’s Finance and Accounts Shared Service Center
What is a shared service center? A shared service center (SSC) provides support services for non-core business activities. SSC can also be defined as a centralised business function that caters to the back-office responsibilities, of different internal departments. SSC enables the consolidation of multiple business operations, such as finance, human resources, security, and others, allowing […]
