Here’s why your company needs an expert compliance management service provider
Every business ranging from start-ups to SMEs, every organization in India needs to adhere to several rules and regulations related to the compliances. When an individual engages in business, there are enormous formalities and documentation a company must uphold.
What happens when you manage payroll inhouse? Inhouse payroll function is prone to human errors and mistakes. It is a complex process which involves employee salaries, employee MIS, hire to retire entire payroll management, documents and most importantly it involves compliances and regulations. When it is about law, you have to be proactive in Indian payroll management. When payroll is managed internally, employees manage it just like any other business function which leaves a chance of delay and mistakes..
What is compliance management?
Compliance Management is the process by which managers, plan, organize, control and lead activities that ensure compliance with laws and standards. (as per source)
These activities can include:
- Internal audits
- Third-party audits
- Security procedures and controls
- Preparing reports and documentation
- Developing and implementing policies to ensure compliance
The value proposition we deliver:
Compliances to be updated with government rules, changes and amendments: Every business needs to comply with state and local regulations carried out by government rules and regulations. Each compliance must be updated with latest changes and amendments and experts are in and out involved in the same work and are habitual of such important tasks.
To take care proper company registrations: Registering business name is very important to create a brand and security reasons. When a company is registered, legally business is eligible for running, purchasing and selling of products/services. There are multiple types of company registrations. An expert as a over all idea about which business entity is different from other. Following are the types of company registrations; Sole Proprietorship, Partnership Firm, Private Limited Liability Company, Public Limited Liability Company.
To maintain proper registers- PF, PT, ESIC, LWF etc: The compliance management expert if=s meant to keep your business compliant with the statutory compliances in India. Your company missed nothing and keeps your payroll process hassle free. There are enormous factors to be taken care in payroll compliances (PF, PT, ESIC) and are directly connected to the employee payroll. Such areas need expertise that must not be compromised.
To make sure Quarterly, Annual returns are filed on time: To make sure that quarterly and annually returns are filed on time is a responsibility in a business and if not done properly, it may lead to unnecessary issues. The compliance management experts take care of such important tasks and keeps you hassle free.
Preparation of challans and Remittances in bank: being on the right side of the law and preparing challans and remittances is one more responsible task in a company. Remittance challan is a form used by customers of a bank for depositing cash or check into their bank account. The payroll & Compliance outsourcing service providers covers each payroll responsibility including compliances. Organizations with growth plan are these days making the smart move of handing over the entire payroll headache and focussing on actual business growth. Picking the right outsourcing partner is very important and tricky task. This decision must be taken after investing an amount if hours in understand the current situation and learning the gaps. Outsourcing payroll will save a lot of time and efforts which can be multiplied for other business areas. As an entrepreneur, you have to understand that you are not losing control over the payroll by outsourcing it. Rather, you are hiring an expert who works for your company. With the involvement of payroll outsourcing partner, the hassle and pain associated with long payroll process is chopped off. You provide the basic information and the payroll comp any takes care of the rest for you. There are lots of points to be added in the lines of peace of mind achieved by several business owners after hiring payroll partners. All you are left with clear and focussed mind which is left to focus on running a profitable business.
What They Say
Beehive HRMS software, glad to working with Beehive Team. Software is good enough for day to day activity and team are always ready for change and innovations. From last 2-3 Years we are taking service from Beehive Team where we never found any delaying in service. Support team is always very supportive . Thank you Team Beehive
We have been associated with the Beehive team for the past 3 years. The team is highly professional and proactive. The feedback shared is considered at utmost priority and response is highly appreciated .Anytime and Anywhere..........They have been working on the product consistently considering the best practices in the industry which will help every stakeholder. The workflow is simple and application is User friendly. We are happy to associate with the Beehive team. kudos & Best Wishes to Team Beehive
We have been associated with Beehive and team for more than a year now, their continual development over the product and services, support and action on raised queries makes them unique in the market. I have seen their progress during the time and found them outstanding in their filed. I am sure they will come up with more creative work and looking forward to founding them as the only choice of consumers. I wish them all the very best!!!
"We have been associated with ‘Beehive Software Services’ since 2017 and it has been an evolving journey since then, both for Beehive team - to improvise & modify their services so as to meet our requirements and for NYK – to optimize the usage of their product offerings with the changing needs & business requirements. Throughout this phase, the entire team has been cooperative and have ensured to extend their support to the way possible" -Best Wishes from NYK Group
Beehive HRMS has been a good experience in terms of usability and solving up the desired requirement for end customer. We have been using Beehive HRMS from last 3 years and the best part among the tool was easy to use format which makes it very easy for user to understand the flow. We have been using many of the modules of Beehive HRMS and have been able to customize it based on our requirements. For a small size company who are looking for good solutions in terms of complete HRMS to be done online, would recommend to try Beehive once and then you can experience the difference.
“We have had a wonderful experience since the time we began working with Beehive. Setting up a convenient, accurate, and cost-effective HRMS system is a challenge that most startups face. However, by using Beehive we have been able to set up a user-friendly system that allows us to track attendance and leaves, streamline our monthly payroll process, Expense reimbursement, PMS, RMS, E- Separation and reduce costs and paperwork. Using Beehive has not only helped make the whole process efficient but also extremely hassle-free. we’re very happy to be aboard Beehive!”
Ever since we’ve started using Beehive software for our employees, we found it to be even more useful than expected and it has the best applications required for an HR solution. For an organization that aspires for a paperless office, I feel the use of Beehive will be a great advantage.
Beehive has made our lives easier by assisting all our HR activities, with dynamic configuration options. It also has a facility to complement our flexible work environment. Thanks to the mobile app, I can access all of the employee data, their movement, and applications anytime, anywhere.