Mitrefinch Pricing, Reviews and Features (September 2023)

Mitrefinch Features Show All Features

HR Features

Training ManagementAutomates the documenting processes involved in training management and records the performance of employees during training sessions
Time Off ManagementTime off management feature allows organizations to create time-off policies, manage holidays, and automate approval workflows.
Recruiting ManagementThe method of hiring and choosing staff is referred to as recruitment management. It entails tasks such as posting work ads to recruit candidates, updating application forms, and arranging interviews. Automation is often added to a recruitment management system, standardizing, simplifying, and speeding up the recruitment and selection process.
Performance AppraisalA routine assessment of an employee's work performance and overall contribution to an organization is called a performance appraisal. A performance appraisal, also known as an annual review, performance review or evaluation, or employee appraisal, assesses an employee's abilities, accomplishments, and growth—or lack thereof.
Payroll ManagementPayroll management is the process of keeping track of workers' salaries, benefits, bonuses, net pay, and deductions in a financial system.
OnboardingOnboarding refers to the process of welcoming new customers, ensuring that their questions or concerns are answered, and providing new products and services as needs arise. Onboarding can take many forms, depending on the company, from welcoming calls to user groups to training sessions. Many companies struggle with both the coordination of onboarding measures and their execution through various divisions, despite the fact that it is widely regarded as a requirement for maintaining customers and deepening their relationships.
Employee DatabaseAn employee database contains critical information, such as each employee's personal information, as well as company-related information such as their payscale, hire date, and more. That database can be used to help you better understand your employees and make data-based decisions that push your company forward.
Time & Attendance ManagementTime and attendance management is used to track and monitor when employees start and stop work. A time and attendance management system enables organizations to monitor their employees’ working hours and late arrivals, early departures, time taken on breaks, and absenteeism.
Applicant TrackingAn applicant tracking system acts as a database for clients. It is used by companies of all sizes to organize, search, and communicate with large groups of customers. Its main goal is to make life easier for organizations by automating and searching for specific applicants.
Self Service PortalA self-service portal is a website that offers information and resources to help users find answers and resolve their issues. The job of any self-service portal is to help users address common needs efficiently and without outside help.
Employee Lifecycle ManagementEmployee lifecycle management (ELM) refers to various stages that an employee goes through when working for a company. HR's position in ELM is critical, and it starts even before the employee is hired. There are usually six stages in ELM namely outreach, recruiting, onboarding, growth and training, results, and offboarding. The ELM process includes how the company introduces itself, how it deals with candidates, how it invites people into the company, and how it handles their personal and professional growth.
HR Compliance ManagementHR compliance refers to a company's commitment to follow the working standards set out by employment law. This has an effect on the processes, procedures, and documents. It also means that workers are entitled to all benefits stipulated in their employment contracts. The HR Compliance Management System is a standard software program that incorporates a number of HR features, including benefits administration, attendance and timesheet management, payroll management, and compliance management.
Compensation ManagementManages employee compensation related data in an organized and automated manner
Benefits ManagementFrom the inception of a program or project investment until the last expected profit is realized, benefits management entails defining, preparing, evaluating, and monitoring benefits. Its goal is to ensure that the desired outcomes are precise, measurable, agreed upon, achievable, and time-bound. The terms ‘benefits management’ and ‘benefits realization’ are often used interchangeably.
360 Degree FeedbackCaptures and centralizes a holistic feedback of the target audience that helps in making business decisions.

Payroll Features

Leave Tracking (Vacation)A leave management system, also known as LMS, is a platform that enables a company to easily and correctly allocate, track and grant leave as well as allow for employees to request and track their own leave.
Self Service PortalA self-service portal is a website that offers information and resources to help users find answers and resolve their issues. The job of any self-service portal is to help users address common needs efficiently and without outside help.
Attendance TrackingThe attendance tracking is a functionality that allows you to keep a track of the attendance of students and teachers taking part in your virtual classroom sessions.
Wage GarnishmentHelps in deducting the amount from an employee's monetary compensation including salary as per a court order to pay off debt
W-2 PreparationForm W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship. An employer must mail out the Form W-2 to employees on or before January 31. This deadline gives these taxpayers about 2 months to prepare their returns before the April 15 income tax due date. The form is also used to report FICA taxes to the Social Security Administration.
Multi-countryMulti-country means involving multiple countries. Often, different countries and regions are analyzed. The data and insights gained can be further analyzed for patterns, similarities, differences, opportunities and challenges for a company. The benefits are comprehensive insights for strategic decision making and business growth. Traditionally, businesses only had to worry about the payroll rules of the country they operated in. However, in a globalized economy, many businesses employ staff around the world. So, this adds extra complexity when it comes to achieving compliant payroll. Each country has its own payroll laws, including data laws and different employee benefit rules for example. These change often. Businesses with employees in different markets around the globe therefore have a responsibility to ensure they meet the latest rules and regulations.
Direct DepositThe term direct deposit refers to the deposit of funds electronically into a bank account rather than through a physical, paper check. Direct deposit requires the use of an electronic network that allows deposits to take place between banks. This network is called the automated clearing house (ACH). Because the funds are transferred electronically, recipients' accounts are credited automatically, so there is no need to wait for the money to clear. Common uses for direct deposit include paychecks, tax refunds, and other benefits. Direct deposit is a safe and convenient way to receive payment. Funds are deposited into a recipient's account directly through an electronic network. In order for the funds to be transferred from the payer, the recipient must provide the name of their bank, their account number, and the bank's routing number to the person or business making the deposit.
Deductions ManagementHelps optimizing deductions workflow and assist in calculating various deductions or additions like ESI, PF, integrating leave, performance
Compensation ManagementManages employee compensation related data in an organized and automated manner
Check PrintingIn the old days, check writing was done by hand. Today, there's a digital solution for everything and, when it comes to making prompt payments via check, that solution is check printing software. These programs aren't just used by the payroll departments of large enterprises. They can be useful for small businesses, bookkeepers, accountants, and even individuals who don't have physical checks handy. We reviewed dozens of companies offering either cloud-based or software solutions for check writing. These are the very best check printing software programs in terms of overall reputation, key features offered, and price—the top criteria considered by those shopping for check printing software.
Benefits ManagementFrom the inception of a program or project investment until the last expected profit is realized, benefits management entails defining, preparing, evaluating, and monitoring benefits. Its goal is to ensure that the desired outcomes are precise, measurable, agreed upon, achievable, and time-bound. The terms ‘benefits management’ and ‘benefits realization’ are often used interchangeably.
401(k) TrackingHelps to track and manage matters concerning 401(k) that is a retirement savings plan sponsored by an employer.
Tax ManagementThe aim of tax management is to ensure that the provisions of the Income Tax Act and related laws are followed. Through the tax management function of various tools, you can handle local and foreign tax rates.

Time Tracking Features

Overtime CalculationOvertime calculation is the calculation of the extra hours for which the employees have worked.
Multiple Billing RatesMultiple Billing rate means a temporary indirect cost rate applicable to a specified period that is used for funding, interim reimbursement, and reporting indirect costs on federal or federal pass-through awards pending the establishment of a final rate for the period.
Mobile Time TrackingMobile time tracking is the process of recording working time with mobile devices. Employees can clock in and out using a dedicated mobile app. Some mobile time tracking tools offer GPS tracking and geofencing as well.
Billable & Non-billable HoursBillable hours are the hours you spend doing tasks for a particular project. On the other hand, whenever you're doing tasks that are important for the overall success of your business, such as bookkeeping or looking for new clients, you will mark these hours as non-billable.
Automatic Time CaptureAutomatic trackers completely remove the need to manage timers or manually input data, accurately recording all your work activity for you in the background. Some even use artificial intelligence to create your daily time sheets.
Employee DatabaseAn employee database contains critical information, such as each employee's personal information, as well as company-related information such as their payscale, hire date, and more. That database can be used to help you better understand your employees and make data-based decisions that push your company forward.
Leave Tracking (Vacation)A leave management system, also known as LMS, is a platform that enables a company to easily and correctly allocate, track and grant leave as well as allow for employees to request and track their own leave.
Timesheet ManagementA timesheet is a physical or virtual tool that allows you to record and keep track of your worked time. That means that, as an employer, you'll be able to see exactly how many hours each employee has worked for. Timesheets were formerly known as time books.
Offline Time TrackingOffline time tracking is the time tracking feature that is used to track the time at work, productive time, and idle time when the employee is working without an internet connection.
Billing and InvoicingBilling and invoicing feature allows you to bill project services directly to customers, employees and external service providers. Invoices can be created based on milestones, partial payments and final payments as well as at cost (time and material). Timesheets required in many industry sectors are generated by the system.

Mitrefinch Technical details

Support

Online

Customer Type

Large Enterprises Medium Business

API

Location / Phone Number

Green Lane Trading Estat, York - YO30 5YY / 888-238-8704

Deployment

SaaS/Web/Cloud Mobile - iOS

Official Website

https://mitrefinch.com/

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Mitrefinch Reviews