Project Overview
Project: Payroll Processing & Daily Reporting
Client Profile: The client is a leading manpower service provider in India, managing a workforce of over 1,500 employees.
Challenges
- Payroll Accuracy: Ensuring accurate attendance tracking, tax computation, and statutory dues payment for over 1,500 employees.
- Timely Salary Disbursement: Disbursing salaries and distributing payslips without delays.
- Transaction Monitoring: Recording daily and monthly transactions including sales, purchases, bank activities, and cash flow.
Solutions Provided
- Real-Time Transaction Recording: Implemented a system for real-time tracking of account receivables, payables, and pending dues, ensuring a clear financial overview.
- Timely Payroll Processing: Ensured monthly salaries were processed and disbursed on schedule without delays, enhancing employee satisfaction.
- Monthly Growth Reporting: Prepared and presented detailed growth reports, enabling management to identify profitable clients and services while pinpointing areas of loss for corrective action.
Partnership with BSS – Key Benefits
BSS collaborated closely with the client to optimize payroll and daily transaction processes. The key achievements included:
- Enhanced payroll accuracy and timely disbursement.
- Streamlined daily financial reporting for better decision-making.
- Improved operational efficiency and employee satisfaction.
Outcome
Through these measures, BSS optimized the client’s payroll and accounting operations, resulting in improved financial oversight and operational efficiency.