It can be easily said that our businesses are running because of the employees that are working for us. The least we can do is give out their salaries on time. A bonus here and there sounds good too, but it’ll be a tiresome process to sort out finances for each and every employee every month! And with a growing business, the workforce will also increase simultaneously.
When you think about starting your own business, one of the biggest challenges comes in the form of employees and their finances. With many aspects of a business to deal with, finance and accounting gets pushed towards the back. Accounting side of a business needs to be completely error-free and customized according to each employee. Income tax filing, deductions, incentives, leaves and many such factors are to be taken into account while managing payroll. That is why some companies opt to go for a Payroll Software, which seamlessly integrates with an attendance management tool and takes care of their employees’ salary and also saves time!
Here are top 10 Payroll software in India that are popular-
5. Saral PayPack
6. People Apex
7. Pocket HRMS
8. Akrivia HCM
11. Wave Payroll
sumHR comes with a 7 day trial. It has flexible plans to suit your every need with tax benefit calculations as well. The software manages your employees’ salaries and also keeps a check on their performance. It can also be used for any loan/advance salary needs of your employees. With F&F Policies, the separation finance calculation between both the parties is hassle-free and uncomplicated.
Calculate the payroll and automate filings of TDS, PF, ESIC, PT and many more using the Razorpay Payroll software. It also helps you in managing your employees from their onboarding to exit with additional features like offer letter and CTC calculator. The employees can also access their pay slips and manage and make tax declarations using this software. The plan comes with 3 variations namely the pro plan, free plan and other payrolls. They also offer 1 month free trial on their pro plan. In case you wish to make a purchase, you can sign up for the trial and then take your call.
With around 20 years of experience, GreytHR provides its customers with easy and hassle-free payroll software. Quick report generation is one of the most sought after features of GreytHR. It is India’s leading cloud-based payroll software which sees all the aspects of payroll and adheres to all statutory compliances. Automated reimbursements, loans and advances are also taken care of by the platform.
Keka is one of the leading payroll software used in India. Unlike many of its contemporaries, it is quite user-friendly and employee-centric. It enables access to the data from remote locations as well. It focuses on making the software user-friendly so that it may be widely used by all. Keka claims that it is the “only HR payroll software in the industry that facilitates easy participation of non-finance roles such as HR members in salary operations”. It also allows users to release their payslips digitally or in SMS format too.
factoHR is one of the distinguished HR and Payroll management solutions in India that is helping its customers to automate all the payroll operations. Because of its simplified and intuitive interface, the entire workflow beginning from managing to salary processing is handled effortlessly. This is why factoHR is called a perfect cloud-based payroll solution that is secured and integrable enough to bring more ease in financial controls.
Saral PayPack is an easy to use software to sort out your employees’ salaries. Its USP is that it provides multi-level access architecture to help navigate your files easily. It captures both personal as well as professional details of your employees. You can also generate forms, and PF accounts through the software quite simply. Moreover, it lets you customize your payroll according to your business size, segment and industry.
PeopleApex comes with a full attendance system to keep a track of your employees’. Some of the features include its ability to define multiple payrolls according to organizational needs, comprehensive coverage of all applicable tax laws. Since it is a globally used platform, it has country specific bank information for employee pay bank transfer. Employees can themselves fill in their tax information too. Organizations of all sizes, like startups, small to mid-size enterprises and MNCs can make use of this solution.
Pocket HRMS is the winner of “Best HRMS Software Award” at the 29th Edition of World HRD Congress 2021. It provides a user-friendly software for all your payroll related needs. As it is a cloud-based system, it helps in mobility and can also assist HR in their busy life! It is a one-stop solution for all the expense management, which has a self-service portal for an engaged workforce. The best part is it also comes with a AI enabled chatbot which helps the modern HR.
Akrivia HCM is a global HR and payroll solution provider that makes payroll processing compliant and efficient. Their flexible Payroll Management System is designed to integrate with existing software and allow companies to build a new generation of workforce management. This multi-country payroll helps companies to automate the payment of employees and keep track of their expenses as well as mitigate the risks of human error by calculating, automating and generating comprehensive reports easier. While this software takes care of all payroll needs, the focus on giving the best employee experience makes it stand out.
HROne touches upon all the complexities of payroll management easily. The process is completed in three simple steps starting from collection and analyzing the data and then finally reporting the same, keeping in mind the statutory compliances. It can be seamlessly integrated across modules like attendance management software, recruitment management software, etc.
Analyzable employee data with accurate leave, exit, payroll and travel management, Beehive provides its customers with various options for their employees. It covers the entire gamut of HR activities for employees and HR in the organization. Beehive’s HR modules are equipped with best-in-class configuration wizards which can accommodate almost any HR requirement and provide an end to end solution. Beehive is available to deploy on cloud, on-premises and hybrid models and the access can be defined as per company IT policies.
Wave Payroll is an easy to use software, giving small business owners a one-stop solution for all their financial management. With unlimited expense tracking, it helps your accounts department in maintaining records of every employees’ financial transactions. It also has additional features like profit and loss statements or sales tax reports which makes your payroll activities easier.
Get healthcare benefits for your employees
Pazcare offers employee healthcare benefits like group health insurance, group personal accident insurance, group term life insurance, and employee wellness programs. In India, employee insurance and healthcare benefits are a nightmare to design and implement as it is mostly manual, slow and monotonous. Pazcare is changing the landscape of employee benefits, specifically employee insurance by making it tech-enable With Pazcare HRs get a sophisticated dashboard to manage your employee benefits. HRs can easily add/remove employees, track the policies and claims without hassle