Outsourcing entered the business lexicon in the 1980s and often refers to the delegation of non-core operations from internal production to an external entity specialising in the management of that operation. The decision to outsource is often made in the interest of lowering firm costs, redirecting or conserving energy directed at the competencies of a particular business, or to make more efficient use of worldwide labour, capital, technology and resources. Though often used interchangeably, outsourcing differs from offshoring in that outsourcing is relative to the restructuring of the firm while offshoring is relative to the nation though the two are not mutually exclusive, especially under conditions of globalization. Fundamentally and historically, outsourcing is a term relative to the organisation of labour within and between societies.
Some of the major advantages that today’s organizations can expect to obtain through outsourcing include the ability to purchase intellectual capital, to focus on core competencies, to better anticipate future costs, to lower costs. Overall outsourcing is viewed by many organisations as a strong business tactic that ultimately is a superior economical approach to developing products and services.
We provide end to end solution for Payroll and Employee's Trust Fund Administration and Management.
Understanding customers’ payroll needs and delivering what they require quite simply comes naturally to us. Providing value addition continuously is what we do better. We offer you these services using our proprietary specialized software solutions. Each Software solution can be designed as per your choice to get the desired output. Our high level of interaction with our clients have helped us to inbuilt the best practices of the industry into our Software Solutions.
The services offered under Payroll Management, is designed to serve as a one-stop solution to all aspects related to employee compensation:
- Payroll Processing
- Disbursement Management
- Statutory Compliance
- Claims & Reimbursement Management
- Retirement Benefits
- Query Management etc
The following are the most critical factors which affect the performance of Payroll Management, especially in case of Payroll Outsourcing
- Security & Confidentiality
- Communication &
and we try and improve upon each of these factors by benchmarking best practices in the industry.
All this with a comprehensive Employee Self Service(ESS) Portal:
- Employee Self Service Portal with individual user id and password
- Online Payslips
- Reimbursement Payslips
- YTD Statements
- Loan Details
- Reimbursement Statements
- Income Tax Statements
- IT Declaration
- IT Calculator
- Reimbursement Online Claims Workflow
- Digitaly Signed Form 16
- Online Attendance & Leave Module
EXEMPTED PF TRUST - ADMINISTRATION & MANAGEMENT
Triple A Solutions can take charge of your Retiral Benefit Fund Administration & Management, offering a wide range of options that allow you to select the areas that best suit your requirements. We offer you these services using our proprietary specialized software solutions. Each Software solution can be designed as per your choice to get the desired output. These services are applicable for:
- Exempted Provident Fund Trusts
- Superannuation Fund Trusts
- Gratuity Fund Trust
We take care of the following:
- Refundable Loan
- Non-Refundable Withdrawal
- Interest Genaration
- Invetsment Purchase
- Int./Red. Receipts on Investments
- PF/Pension Membership
- Nomination Details
- Complete data relating to an Employee
- Filing and Remittances of challans and returns
- Inspections and audits
- Statutory processes, and
- Finalization of Trust accounts.
- PF Slips
- SAF Slips