ABS Business Services Pvt Ltd

ABS Business Services is destined to create its own space in the ‘ ‘ HR industry by providing Cost Effective, Technology based customizable solutions for you. ‘ ‘

How do you envision on sustaining your company’s competency in this ever-cutthroat and volatile business ecosystem?

The best way to succeed in this cutthroat and volatile business ecosystem is to go your own way, the new way! We don’t try to compete with any company. We focus majorly on delivering business satisfaction, not services, to our clients. Flexibility, customized solutions and cost-effective models are the key to sustainability.

As an established business leader, what would be your advice to the budding entrepreneurs aspiring to venture into the payroll services industry?

I would advise them to understand and study the market conditions thoroughly and accordingly make customized plans for their customers. Staffing Industry is still doing well and has huge potential in future too. Systematic approach, step by step planning are the keys to success! Our important mantra is to find a solution to every problem

DELIGHTED CLIENTS I would like to extend my heartiest appreciation to ABS Business Services and the team members for handling Pay roll, Labour Compliances and Recruitment. Without your contribution, it would have been entirely impossible to complete such a big order. It’s a priviliege for us to have a business association with an organization like yours. – Kapil Kumar, Halfen Moment India Pvt. Ltd.

Our association took place at a very critical time to support business. I must acknowledge that your business understanding, experience, professionalism and commitment has made our association efficacious. – Utsav Khandelwal, Zimmer Biomet.

ABS Team

MANAGEMENT HOUR SYSTEM IS NEED OF THE

It is believed that employees being the lifeblood of the company could make or break business success. Of course, it is true. Behind every successful organization is its team whose members are putting their heart and soul in it to make the business reach new heights. It is certainly the employees of the business who carry the potential to transform a brilliant idea into a high performing organization.

There stands no doubt as to why employees are considered to be the real assets of any organization. If businesses would help their employees succeed, ultimately they would succeed. Any business which wishes to climb the ladder of success in a certain period would definitely require a team of motivated individuals. But the question stands how these individuals could be kept motivated throughout their tenure? This is where a suitable Human Resource system comes into the picture, as it keeps everyone connected. After businesses realizing the importance of having an HR department, there has been an immense growth in its adoption.

With the continuous advancement in the latest technologies, the management of employees and their records has become tough to handle, especially if they don’t have any expert team to look into it. Secondly, the current pandemic scenario has disrupted the normal working process of the organizations, resulting in employees working from home. This has, to some extent, made it difficult for the HR department to keep in touch with the

Easing Payments

employees and also a track of their activities.

This is when they need sound payroll management software that makes such things easier to deal with. For companies to conduct their businesses’ administrative tasks, especially during today’s critical times, a good payroll system becomes an essential element.

Let’s shed some light on the advantages payroll software come with:

Enabling Measure Productivity

The primary motivating factor for any employee is their pay scale and they cannot cope up with any mistakes in that. Payroll mistakes happen too often. Every year billions of dollars fines are issued to business owners in the United States for payroll errors. If an employee doesn’t get paid properly or accurately, he/she might lose motivation to work and this will ultimately affect business productivity and no owner would want that. It often becomes difficult for one person to calculate all these things by himself/herself that results in mistakes. To avoid that kind of a mess, companies need to think about using payroll software which makes these calculations easier.

Payroll software not only simplifies

HR procedures but also contribute to the company’s productivity by influencing growth and development. It can keep records of entry and exit time of employees, leaves taken in a month, and many essential HR functions. Some payroll software also allow HR personnel to monitor login and logout time of employees. Thus, authorities can check on average working hours spent by their employees and measure their productivity.

Not only this, but payroll software also upgrades the overall work processes of the company. Real-time tracking of all activities maintains live employee data, monitors and controls flow of information, and ensures tight security. All of these factors significantly improve the company’s productivity and provide better results.

Making Employees Efficient & Accurate

It is a tough job for a human to track and maintain business records without any error. In that case, payroll management software is like an asset to the company. With an automated payroll system, there is little to zero chances of error, enabling companies easily omit mistakes in data entry and processing. It helps to maintain transparency across all departments. Thus, employees give their best and become more efficient and accurate in their work.

Such software also has an automatic reminder facility. Be it employee payments or project deadlines or submitting corporate taxes, automatic reminder won’t let one miss anything.

Ensuring Security & Maintaining History

Payroll information is sensitive. Using good payroll software gives extra security to that information, as information is stored securely with limited access, preventing the exposure of data. Secondly, it also maintains payroll history for each employee.

Concluding Statement

Technology has truly redefined every process of businesses; HR administration being the one. To thrive and stay ahead of the curve, businesses must adopt robust payroll management software. They would see the benefits it brings to their operations, once the right one has been selected.

Offering Reliable and Quality Enterprise Soluons

To a layperson not in the know of things, it would come as quite a shock to be told that one of India’s most prolific pay-roll companies, S & IB Services Private Limited started its journey in little more than a shack with hardly a roof, a gate or even a table.

Thus, began the S&IB journey

The year was 1985. To ward off unemployment and earn his share of living, Shyamal Karmakar, the illustrious Managing Director of S&IB, started his entrepreneurial journey with a princely sum of Rs 350.00 spent on creating a rubber-stamp and letter-head. The first income, all of Rs 1050 brought them an income of Rs 150.00 of which Rs 50.00 was spent paying the instalment of an old bicycle. Precarious situations, such as these persisted for some years in the life of M/s Security and Investigation Bureau (S&IB).

The Current Scenario

S&IB today provides services in Total Security Solutions, CCTV and e-surveillance, Integrated Facility Management, Outsourced banking services, ATM cash management, Cashvan services, Cash-sorting and cash processing. It also deals with Transportation of notes and coin, Mobile tower erection and maintenance, Optical fibre cable laying (Aerial), Logistics, Housekeeping, Outsourcing and Payroll management, Property maintenance, Electro-mechanical repair and maintenance, Pest control, Fire safety and Risk management. All these aspects and more give them a combined turnover of around Rs 436 crores.

Their clients include the best and more known among Banks and Financial Institutions, IT companies, MNCs, Government Establishments, Healthcare, Hospitality, Telecom companies, Warehouses and Logistics, Retail, Education, Research Institutes, Media and Entertainment, Construction, Residential, Malls, FMCGs, Textile, Power Plant, Oil Refinery and other production units. These they serve from branches in practically every city in India cementing their PAN India presence.

The Upper Cut

Describing their USP gives Shyamal Karmakar, S&IB’s charismatic MD a sense of immense pride. He says they include:

• Unrivalled & unparalleled knowledge gained over 35 years in the Indian Market. • Remote Monitoring Solutions • Extensive use of technology to improve efficiency and optimise on costs • Unbeatable 24*7 services with extensive backup and hand holding • Distinctive value-added services • Transparency and prompt response to every query • Ability to quickly ramp-up any new business venture they get into • Ability to learn and adapt any new business with low costs and low turn-around time

Words of wisdom

He’s been there, done things, established businesses and succeeded. In the process, he has learnt a lot about client servicing and business management. To this end, Shyamal, the ever-positive business-head who has withered many business battles and reversals like a true veteran, has a few words of advice for those who fear competition or find it daunting. He says, “when faced with the cut-throat competition of the kind that he has seen in his over threedecade-long existence and growth in entrepreneurship, one should use their employees as their true “Brand Ambassadors”, employees. Right down from an office boy, all the way up to the owner himself. In doing so, one may have to