How Radiant Payroll can help streamline your payment processInga Greidane
A one-stop solution for maritime payroll calculation, Radiant Payroll is specifically designed for the maritime industry and boasts wide functionality with emphasis on ease of use. Human Resource teams can eliminate the hassle of managing monthly payrolls via excel sheets, thanks to a cloud-based system that prepares payroll calculations automatically in a few seconds.
Radiant Payroll: The Benefits
- Efficiency: Easily and efficiently execute your payroll and integrate everything from contracts, timesheets to expenses and advance payments
- Accuracy: By setting up wage scales, you can accurately calculate and standardize your crew’s wages
- Visibility: Keep your cash flow and profit margins under control by creating and using budgets. Identify budgetary deviations by comparing your vessel planning with your forecast
- Multicurrency: Use multiple currencies and establish currency exchange rates via APIs for simplified global payroll
A Modern Payroll System for Efficient Operations
Radiant Payroll is an advanced system that allows fast and simplified payroll processing. With a clear user interface and powerful tools at your disposal, you can perform a wide range of functions that allow you to be in complete control of your payroll.
Radiant Payroll’s most important functionalities include:
- Creation of accurate wage scale calculations that are based on your organization’s specific requirements
- Payroll requirements can be separated by employer companies or groups of vessels with different calculation specifications, policies and processing dates
- Allocation of funds to and from specific accounts
- Easy tracking of crew contracts, wage scale details, and bonuses
- Receive important information from the vessel including sign on/sign off confirmations, expenses and cash advances via the Vessel Client
- Ability to make once-off manual payments that are not included in crew members’ contracts
- Easy comparison of vessel planning alongside budget in order to quickly identify any budgetary deviations
- Automatic payslip generation
- Crew can access and view their payslips via the Radiant Crew Portal
- Easy export of files and payment data for salary payments by external partners or financial institutions via simple CSV exports or API integrations
Cloud Based and Flexible
Radiant Payroll is entirely cloud-based. It does not need to be tied to a single server and accessed via remote desktop; rather, with cloud operability and industry-leading security, Human Resource teams can access Radiant Payroll from any location across the world.