AccordHRM: A Module-by-Module Breakdown
AccordHRM is a leading HR and payroll software in Bangladesh, designed to simplify and automate workforce management for businesses of all sizes. With features ranging from payroll, attendance, and leave tracking to provident and gratuity fund management, AccordHRM ensures efficiency, accuracy, and compliance. Delivered as a cloud-based SaaS solution, it provides both managers and employees with secure, user-friendly web and mobile access to HR processes.
General Overview
- Cloud-Based SaaS Model
- Integrated HR & Payroll Modules
- Employee Self-Service (ESS)
- Mobile Access
- Smooth Integration
- Data Security & Compliance
- Scalable Infrastructure
- Automated Reporting & Certificates
Centralizes all employee records, job details, and organizational structures in one platform. Streamlines HR operations, making data easy to manage, update, and retrieve when needed.
Employee Management:
- Manage full employee lifecycle
- Custom field options for any employee data you want to retain
- Create contracts with customizable salary structures
- Robust employee directory with filtering options
- Paperless, electronic onboarding
Documents Management:
- Send bulk or targeted email to your employees
- Set reminders or alerts through notifications and emails
- Customizable communication templates
- Policies and templates database
Organizational Chart:
- Create and visualize the organisation’s hierarchy and reporting structure in an easy-to-understand graphical format.
- Supports multi-level charting & indirect reporting
Delivers accurate salary calculations, deductions, and disbursements every cycle. Eliminates errors and reduces manual work through fully automated payroll processing.
Configurable Pay Structure:
- Fully configurable salary structure with tax optimization feature
- Add unlimited salary components to match company policies
- Easily activate or deactivate non-cash benefits options
- Create contracted future income/benefit with immediate tax impact
- Create pre-gross and post-gross deductions with defined logic based on hours or days.
Detailed Tax Management:
- Setup area wise minimum tax impact
- Easily activate or deactivate Maximum Investment
- Assumption basis for calculation
- Customize to spread tax or deduct upfront tax variable components
- Automatic exemption limit capture based on gender age and other defined parameters
Payroll Management:
- Multiple types of payrun (Regular, Off-Cycle, or Final Settlement) with tax automated calculation
- Wizard facility for easy guided payroll processing
- Bulk import and export features for large volume processing
- Facility for Department wise or Work Location wise payrun
- Automatic apportion of salary for any mid-month change
- Salary projection control for contractual employees within the income year
- Automatic impact of actual investment data and declared AIT data
- Maker-checker facility with activity log
Post Payroll Processes:
- Download scheduler of all payslips and tax cards
- Email facility for password-protected payslips and tax cards
- Bank file generation for salary payments
Provides built-in statutory reports, challans, and filings to meet legal requirements. Keeps businesses aligned with regulations while reducing audit risks.
Compliance:
- 100% compliant with Bangladesh tax laws and regulations. Changes in tax regulations managed by us so that user does not need taxation knowledge.
- Regulatory changes automatically implemented as soon as enacted
Challan:
- Automatic report generation to upload to e-TDS environment
- Downloadable manual challan format in both Excel and PDF as per Govt. prescribed format
- Archive facility of A Challan copies with reference number
- Direct link with Income Tax Deduction Certificate for instant generation
Functional Reporting:
- Customized payroll report for analysis
- JV generation with cost center for accounting software
- Tax Computation Sheet for review
- Variance report generation for analysis
Regulatory Reporting:
- Tax reporting tools updated for changes to regulations
- Generate detailed statement of salary payment on an annual basis in compliance with section 177 of the Income Tax Act 2023
- Generate tax deduction from salary report on a monthly basis in compliance with section 177 of the Income Tax Act 2023
- Generate statement of employee(s) tax return on an annual basis in compliance with section 177 of the Income Tax Act 2023
Automates provident, gratuity, and profit-sharing fund calculations. Generates detailed reports to ensure error-free management and transparent employee benefits.
Policy Configuration & Advanced Settings:
- Configure fund policies aligned with trust deed requirements
- Define multi-level approval hierarchies to ensure compliance
- Automatic contribution calculations, integrated with payrol
Fund Operations & Periodic Processing:
- Efficient and automated handling of advances, deregistration, and settlements
- Profit distribution with an option to waive profits (i.e. to forego interest)
- Automated fund allocations and accruals for streamlined processing
Investment Management:
- Set up and map the Chart of Accounts for structured financial tracking
- Manage bank accounts and instruments (e.g. FD, BSP, T-Bonds, T-Bills, Corporate Bonds etc.)
- Automate accruals and processes like fund transfers, purchases, and encashments of instruments
- Complete accounting of fund transactions including automated generation of fund financial statements.
Advanced Reporting & Insights:
- Monthly and Yearly PF statements for comprehensive fund analysis
- Individual PF schedules to monitor employee-specific fund contributions and withdrawals
- Detailed reports on PF advances, settlements, and fund activities
- Real-time insights into investment performance via Balance Sheet & P&L
- Trial Balance, General Ledger, and JV reports for financial statement preparation
Employee Self-Service (ESS) Portal:
- Provide employees with real-time access to fund balances
- Enable statement generation for personal use
- Manage advance applications and approval processes seamlessly
- Offer deregistration and settlement requests directly through ESS
- Grant specialized access for the Board of Trustees for enhanced oversight
Monitors attendance, shifts, and leave requests in real time. Includes multi-level approval workflows that improve accuracy and reduce conflicts.
Features:
- Real-time monitoring of employee attendance Creates and modifies shifts effortlessly.
- Easy and accurate leave application and approval management
- Configure customized leave policies with carry forward feature
- Record real-time attendance by connecting with external hardware through API
- Monitors and calculates overtime hours
- Generate customizable attendance & leave reports
Simplifies the process of creating, approving, and disbursing employee loans or advances. Tracks repayment schedules for better transparency and control.
Features:
- Detailed loans & advances management features
- Flexible installment, interests, and terms
- Integrated with payroll
- Comprehensive loan & advance reporting
- Individual loan schedules for tracking
Streamlines the full expense claim and approval process. Automates reimbursements to employees while minimizing paperwork and errors.
Features:
- Streamlined process for employees to submit their expense claims digitally
- Reduce manual intervention for expense review and approvals
- Upload and attach receipts to expense claims for verification
- Generate reports on expenses, trends, and patterns for informed decision-making
- Access module through mobile devices for on-the-go expense management
Gives employees direct access to payslips, leave applications, and personal data updates. Ensures 24/7 availability through both web and mobile platforms.
General:
- View and update employee information
- Access company directory
- Alerts and notifications of communication from employersl
Payroll:
- View payroll information
- Download payslips & tax cards
- View contact details
- Declare Investment and AIT
Leave & Attendance:
- Geo-fence & remote attendance through mobile app
- Manage leave and attendance for yourself and for your team
- Punch in to record attendance
- Check-In & Check-Out options for employees
- Manage work locations through geofencing
Loan & Advance:
- Apply for a loan or advance
- Customize instalment interest and terms
- Request for, pause and resume loan.
- Track repayment history
PF & GF:
- View & download PF & GF statements for employees
- Opt-in /Opt-out for employees directly
- Request loans against their PF balance
- Manage PF loan requests for the team
Expense Reimbursement:
- Apply for expense reimbursement
- Review the status of approvals
- Be notified of any changes in status
1. Essential Plan
৳ 80 /employee* billed monthly
– Attendance
– Leave
– Reports
– Employee Management
– Employee Self Service
2. Standard Plan
৳ 100/employee* billed monthly
– Attendance
– Leave
– Reports
– Employee Management
– Employee Self Service
– Payroll with tax
– Expense Reimbursement
3. Premium Plan
৳ 150 /employee* billed monthly
– Attendance
– Leave
– Payroll with tax
– Reports
– Employee Management
– Expense Reimbursement
– Employee Self Service
– Provident Fund
– Gratuity Fund
– WPPF
– Tax (108 & 108A)
4. Enterprise Plan
Mentioned in Quotation
Installation Charge:
- Not Mentioned
Free trial/demo availability:
- No
Alternatives of AccordHRM
Looking for other HR software options? Explore these top alternatives to Alternatives, each offering powerful features to help businesses in Bangladesh manage operations more efficiently.
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