#Osource Global

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HR, IT, Finance & Accounting Software | Osource Global

Osource Global provides HR, IT & Accounting solutions to businesses to delight them through a combination of operational excellence, industry expertise & transformation capabilities.

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Onex Flow Document Management System | Osource Global

Onex Flow Document Management System is proof that the digitalization of business processes is dynamic and lucrative. One of the key elements of Onex Flow is efficiency achieved with streamlined, standard operating procedures in place. The Onex Flow observes a highly secured, short turnaround time. You can now contact us at: info@osourceglobal.com or +91 98331 20440

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Team Leader Accounts Job Openings In Mumbai > Osource Global

Team Leader Accounts Job Openings In Mumbai > Osource Global

Job Description:

Hiring for TL-Accounts Accounts Payable Process TDS/GST Accounting and returns MIS preparation & Reporting Client Handling Month End Provision/Capitalization handling team of 2-3 Members Bank reconciliation and Sun/Expensing,

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Walk-InUrgent Opening for Compliance Officer with Osource India Pvt Ltd

Walk-InUrgent Opening for Compliance Officer with Osource India Pvt Ltd

[ad_1] Gob title: Walk-InUrgent Opening for Compliance Officer with Osource India Pvt Ltd Company: Gob description: Osource India Pvt. Ltd., one of the leading platform enabled business process management company, was set up in January 2004 in India. Osource being a global business operator focuses on integrated end-to-end outsourcing solutions and deliv… Expected salary: Rs.100000 – 300000 per year L…

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Onex Spend Management System Software | Osource Global

Onex is a comprehensive ERP solution and Spend management Software.

The Spend Management software framework encompasses multiple activities like PO process, Vendor Payments, Employee Claims Reimbursements, Petty Cash Expenses, Travel Requests. etc. It is a collaborative work-flow based system, which ensures that all requests and approvals can be seamlessly executed on this web platform.

When initiating a request, the user enters the details of that particular request and the pre-set workflow engine automatically takes that request to all required reviewers and approvers. The system is also having a notification engine configured to send suitable email-based notifications to the users, reviewers, and approvers.

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7 Tips for Successfully Managing Your PayrollAre you worried about

Are you worried about month-on-month payroll management that consumes more resources and time? Leave the worry to Osource. We will manage your payroll, removing the stress on resources.

Timely management of payroll is an essential part of human resource management—payroll management systems process employee earnings salaries, bonuses, deductions, and paychecks.

Whether an organization is small or big in terms of employee count, inefficient & unmanaged or even manually managed laborious payroll processes leads to the possibility of financial loss.

Here are the seven universally acknowledged practices that will make your payroll management process more accurate and efficient to avoid such common mistakes.

Align your Pay Schedules :

According to the owner/founder of Washington Accounting Services, "Minimizing pay cycles can help prevent duplication of multiple processes so that the payroll department can operate more efficiently."

Companies require unique pay schedules such as monthly, weekly, or bi-weekly for employees based on the nature of the industry involving a different type of calculating the earnings of the employees. Using an unaligned structure may not suit the requirement of an organization.

A predefined pay schedule is critical to handle the inputs required for timely payment of compensation month on month after applying deduction towards the cost. It allows the payroll department to focus on a regular calendar to analyze dates that might require a lag. OnexPoint offers an automated payroll calendar with inbuilt due notifications. It will also lessen the chance of delay during the payroll process.

Streamline your System :

Streamlining existing methods periodically is required to ensure an efficient payroll process. Reviewing and regularly revising the stages involved in the payroll process is an efficient way to optimize the payroll process. Instead of analyzing the process at every step, Osource's Onex Points intelligent design reduces the time required to analyze payroll data.

Automate your Payroll Process:

Manual processing of payroll is time and resource-consuming. It is easily susceptible to human error that can result in severe financial impact, and often gets unnoticed. With limited Human Resources, payroll processing can become a challenge, and the dependence on the team will be more.

Automating your payroll process is the easiest way to keep up with time-consuming tasks. A complete automated upload is best to calculate CTC Expense Reimbursement & Investment Verification Processing error-free as manually making provisions for considering these month-on-month changes will be difficult.

Osource Onex PIP, an advanced payroll management software, allows automated management of employee payroll, yearly bonuses, and retirement benefits calculations.

Turn to Paperless Payroll Processing:

Paperless payroll is the result of improved data storage and analytics technology. It serves to expedite payroll operations. 'Going green' is not only a step towards environmental preservation but also a leap towards cutting costs of erroneous manual processes and breach of data confidentiality. Also, a user-friendly human resource system has become the requirement to survive in the industry. The working force expects technology advantage for handling their obligations and is opposed to manual operations.

An online portal system should replace cards or timesheets, physical paychecks, and paper pay stubs. This eliminates paper-use as most employees prefer to receive their check stubs and pay information electronically.

Upload Documents and Make Revisions:

Documentation of payroll methods is an important management responsibility. Proper recorded documentation of payroll schedules helps analyze and audit payroll systems. It splits down each stage and makes it easier to identify weak points.

Once the desired payroll process is developed, it becomes necessary to document these procedures and share them with the payroll team.

Maintaining the confidentiality of the payroll records is also equally important. The Onex payroll process guarantees precise and encrypted handling of all the payroll information, allowing access to information on a need-to-know basis.

Documentations of the steps, filing payroll registers, and tax reports, along with the names of the individuals, can be fed to the software, after which multiple configuration settings align payroll management as per the convenience of the business.

Audit Your Payroll Process:

A periodic audit of the payroll process of every organization is a must to ensure that the system meets the requirements of the audit. Today, most auditing tools & techniques can simulate failures and quickly engage in the correction process. As such, a fail-safe gate generates when actual discrepancies occur, which are still minimal when the data is stored under a protected environment in the cloud.

The time saved in managing the payroll process over the cloud makes it cost-effective as there is no need for investment of hardware and software, and the focus could be more on core business operations. Besides, an efficient technology-based payroll system with inbuilt features for safety, confidentiality which uses data management under a cloud system, is more reliable than relying on a specific team of individuals on their manual operations.

Verifying, accounting, and reconciling payroll and cash documentation is also equally important, which has become more accessible in the software-driven process than the manual process.

Audit Your Payroll Process:

Outsource Your Payroll Process:

Many organizations have already understood the need for outsourcing payroll management to use technology to process payouts accurately and generate required reports for compliance.

Most business owners do not have the time or resources to build a new payroll system or update the existing one. In such cases, outsourcing to a licensed, full-service payroll management company can be a strategic and cost-effective option.

With increased cloud technology dependency, approximately 70%+ of mid-large size companies tend to be more likely to outsource payroll for optimizing security, integrity, and dependability.

An efficient payroll function should be cost-effective, user-friendly, time-saving, and data security besides meeting compliance requirements. The critical challenge for any Payroll administrator is to drive competence by integrating systems and data for precision and tracking.

With over 18 years of experience in delivering payroll services and currently processing five million payroll transactions across 300+ satisfied customers across the globe, Osource is one of the leaders in the payroll outsourcing industry.

Wish to outsource your payroll management processes and reduce the risk of inaccuracy?

 Osourceglobal is one of the leading providers of technology services and end-to-end business process outsourcing solutions.

 We empower you to unlock the true potential of your business. Call us on +91 22 61551600 today for more information.

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Onex Software - Osourceglobal is one of the leading providers of technology services and end-to-end business process outsourcing solutions. We combine our operational experience along with technical expertise to deliver high impact outsourcing solutions to companies. source provides a wide range of business processes and technology services like Vendor Payment, Employee Expense Management, Fixed Asset Capitalization & Management, Receivables Management, Payroll, Staffing, Analytics, Software, and Information Security Consulting.

Address: Phoenix House, Osource Global Pvt. Ltd Unit 4, 5th Floor, High Street, Pheonix, Mumbai, Maharashtra 400013

Contact us on: +91 22 61551600

Email us at :info@osourceglobal.com

Visit us  : https://osourceglobal.com/

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Maintaining an accurate and reliable fixed asset inventory is a challenging, labor-intensive task for any organization.

With a team of highly qualified professionals, the objective of Osource is to become a one stop destination for services related to fixed asset management for our clients. While Osource’s fixed asset management service will assist you in meeting external/internal audit requirements, it can also be extremely beneficial in meeting your capital budgeting, financial and risk management reporting requirements.

Fixed asset verification is an important concern of every company, regardless of its size. Many organizations face a significant challenge to track the location, quantity, condition, and maintenance and depreciation status of their fixed assets. Osource’s comprehensive approach cleanses and fortifies the fixed asset register to establish a strong foundation for effective Fixed Asset Management.

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Payroll Outsourcing Company in Mumbai - One of the core responsibilities of the HR Function is to ensure each employee is paid accurately and on time. Efficient payroll function is about considerable cost, effort and time saving as well as security and clarity around compliance and penalty. 

Address: Phoenix House, Osource Global Pvt. Ltd Unit 4, 5th Floor, High Street, Pheonix, Mumbai, Maharashtra 400013

Contact us on: +91 22 61551600

Email us at: info@osourceglobal.com

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Onex Asset Liability Management System ALM provides an integrated risk management solution that enables full and multi-dimensional analysis of the balance sheet. It also allows you to easily and accurately model customer behavior, economic valuation, interest rate scenarios and a wide range of other variables. Onex Asset Liability Management System ALM helps you optimize both the size and the use of your surplus cash reserves – releasing strategic cash for revenue generation.