Inventrar’s vision: To empower growing businesses with seamless, secure, and scalable operations—so you can focus on what matters most: serving your customers and scaling your impact.
With that in mind, our Payroll Management offering not only automates pay runs but ties them into your entire Inventrar ecosystem, delivering real-time visibility, airtight compliance, and radically reduced administrative overhead.
1. Profile-Driven Pay Rules
- Flexible Compensation Models:
- Define unlimited pay profiles—salaried, hourly, commission-based, or hybrid—each with its own allowances (housing, transport, meal stipends) and rules for overtime, shift differentials, or project bonuses.
- Support multiple pay cycles (weekly, bi-weekly, monthly) per employee or department, so your retail staff, warehouse teams, and back-office all align with their unique cadence.
- Statutory Deductions & Benefits:
- Configure local statutory deductions—income tax, pension contributions, healthcare levies, NHF, and others—directly within each profile.
- Add employer-side contributions and benefits packages (e.g., matching pension, health insurance subsidies) so total compensation is transparent for both employer and employee.
- Tenant-Specific Customization:
- In a multitenant setup, each merchant can tailor pay structures to their region’s regulations and internal policies, yet leverage the same proven platform.
2. Time Tracking Integrations
- Plug-and-Play Clock Systems:
- Out-of-the-box connectors for leading time clocks (RingCentral, bubbaClock, TimeTech) let you pull accurate punch-in/out data automatically.
- Import legacy CSV or Excel timesheets for ad hoc or seasonal workers, ensuring no one falls through the cracks.
- Automated Calculations & Alerts:
- Breaks, overtime, night shifts, weekend differentials, and holiday pay are calculated in real time—no more manual Excel gymnastics.
- Setup threshold alerts (e.g., “Warning: John’s weekly hours exceed 48”) to curb unplanned overtime and control labor costs.
3. Tax & Contribution Calculators
- Global Compliance, Local Expertise:
- Pre-loaded tax tables for major jurisdictions—from Lagos to London—keep you compliant across borders.
- For emerging or niche schemes (industry-specific levies, regional surcharges), easily define custom rules or upload rate tables.
- Automated Aggregation & Remittance:
- Each pay run generates consolidated contribution summaries—by employee, department, and merchant tenant—ready for direct upload to tax portals or print-and-mail filing.
4. Automated Payslip & Remittance Files
- Beautiful, Branded Payslips:
- Generate PDF or XLSX payslips that carry your logo, corporate colors, and explanatory notes (e.g., “Overtime paid at 1.5x”) for absolute transparency.
- Bank-Ready Payroll Batches:
- One click exports a CSV formatted to your bank’s spec (GTBank, Zenith, Access, etc.)—no more copy-pasting or painful field mapping.
- Regulatory Reporting:
- Produce compliance-grade reports for tax authorities, social security boards, and pension administrators—custom templates per locale, scheduled or on-demand.
5. Self-Service Portal
- Empowered Employees:
- Through a secure web/mobile portal, staff can:
- View and download current and historical payslips
- Submit leave or advance salary requests
- Update personal bank or tax information (subject to approval workflows)
- Download statutory certificates (e.g., year-end tax statements)
- Streamlined HR Admin:
- HR managers see pending requests at a glance, approve or reject with notes, and track response SLAs.
- Built-in dashboards display headcount by department, payroll cost trends, and upcoming compliance deadlines—so you never miss a filing or audit.