
Colvir has presented a new Colvir ERP Payroll module.
In 2022 Colvir Software Solutions has performed refactoring of the Payroll module that actually involved complete module reworking as a result of which the module inter alia now has a new mechanism for accrual and withholding calculation that facilitates easy modifications. Another important change is the newly acquired support of calculations within a single application making the accounting officer’s job user friendly, and making all calculations transparent.
Payroll is one of the most relevant ERP modules for any company. Colvir keeps using its best efforts to ensure module enhancement to keep up with market developments and emergence of new trends, as well as to facilitate responding to new challenges that its customers may face. That is why Colvir has initiated module refactoring of its own accord. What has prompted this move was a combination of the complexities involved in processing the existing calculation pattern and in outcome reconciliation, as well as the excessive labor input required for adding new accrual and deduction types, or modifying existing ones.
The resultant product is quite generic and ready for implementation in different banks in different countries. On December 14, 2022, Colvir will stage a webinar dedicated to the new Payroll module that will give employees of Colvir ERP user banks an opportunity to get to know more details of the module refactoring, see for themselves the single-window computation setup process, and ask questions that they find pertinent. Registration for webinar participation is available to Colvir customers via the link.
To ensure that Colvir products continue to be relevant in the constantly changing market, and stay current with customer needs and legislation in its countries of presence, Colvir keeps investing funds in the further development and updating of its solutions. Our plans for 2023 include provision accounting automation under administrative contracts and full integration with the Non-Performing Loan module. Virtual warehouse synchronization will also be implemented, as well as further development of fixed asset reports. Some further development will also impact the staff schedule functionality to support payroll planning, modelling and flexible management.
For a demo of Colvir Software Solutions, please contact us via email sales@colvir.com. We invite you to subscribe to Colvir Software Solutions on LinkedIn / Facebook / Telegram.