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Found our list of Payroll Management Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!
Buyers Guide Content
Payroll software helps small businesses track logged hours for every employee and calculate paychecks. Taxes and deductions can also be managed efficiently with payroll software. You can take payroll management software as an independent application or incorporate this as a module with your HRMS software.
By easily calculating paychecks with payroll management software, your accounts professionals can quickly deposit funds into employee accounts as per their pay structure and ensure that they are remunerated on time. This is the ideal software to ease your payroll burden in a few clicks. From calculating accurate salaries to reimbursements, advances and loans, all can be managed with payroll software.
Payroll system software helps organizations manage compensation and other employee payment related details accurately and automatically. HR & payroll software can be integrated with leave & attendance system to track working days, overtimes of employees at the time of salary processing.
Payroll management system supports employee compensation in multiple ways, such as, cheque, bank deposit, payment card, etc. The software also provides insights about employee earnings and expenses across different departments. Such insights help the management take informed decisions to stay in control of their finances.
Overall, payroll systems make the entire payroll flow simple to help businesses manage tax and compliance for different branches across different locations. Employees can use payroll HRMS software to manage their personal information, reimbursements, tax declarations and other details.
All kinds of businesses, having twenty or two thousand employees, require payroll systems software to take care of their payroll needs. The essential purpose of any payroll solution is to process employee salaries on time without any hassle. The software helps manage all types of payment records related to your employees.
Payroll is an integral function for any growing business, whether it is a small business or a large enterprise. To rack and manage employee payments, it’s better to invest in a payroll systems software. Taxation is also simplified as the HRIS and payroll software helps manage tax related details as per the pay structure of every employee.
Payroll management software helps accounting professionals save time and money in tax preparation, payroll processing, rewards and remunerations. Most importantly, payroll systems software is critical for accountants and small business owners who otherwise spend a lot of time in manually calculating wages and benefits.
With the use of payroll processing software, businesses can stay up to date with tax rules and compliance tools. Above all, the software is secure to use and keeps the data of your employee salary confidential.
Payroll management system is equally preferred by employees, who can access all their salary, loans and advance related details at a single portal. They can also access their pay slips and update important tax related documents.
Here are the reasons why organizations use payroll software:
Here are the reasons why employees prefer payroll software for organizations:
You can access and print all important tax and salary related forms. Employees can also access forms at ease and ensure updated tax-related records.
Payroll software helps accounting professionals and business owners streamline all the processes related to regulatory compliance, employee salary processing and taxation. It helps with tax calculations based on the salary structure of every employee and bonus, and ensures timely tax filing based on pre-set timelines.
With the help of payroll management software, accounting professionals and auditors can track any discrepancy in taxation and salary processing. This way, all data related to employee benefits, company expenses and earnings are maintained accurately for audit purposes.
Top payroll software solutions offer quite a few benefits to businesses and help bring a level of efficiency, efficacy, and order to the organization. Some of the benefits of payroll software system are:
If you’re looking to buy offline or online payroll system software, there are certain criteria that you may need to evaluate first before taking the leap. Let’s find out what you need to keep in mind before investing in a payroll management solution:
Author: Kalpana Arya
(Showing 1 - 20 of 134 products)
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By Keka
Starting Price
₹6,999/Month
KekaHR is a trusted software for modern HR teams that helps them streamline the processes related to employee performan... Read More About Keka HRMS
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Price On Request
Spine HR software is a cloud-based HR solution that consolidates payroll, compliance, and human capital management for... Read More About Spine HRMS
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Starting Price
₹1,750/Month
Farsight software is HR management software that helps an organization with core HR processes like recruitment and onbo... Read More About Farsight HR
Read Farsight HR Reviews
By OpportuneHR
Starting Price
₹4,500/Month
OpportuneHR is an industry specific HRMS solution on cloud. Designed on 15% HR Automation principle framework, already... Read More About OpportuneHR
Read OpportuneHR Reviews
No, you don’t have to. You simply need a computer device whether it may be tablet, mobile, laptop or desktop with a good internet connectivity and you’re good to go.
If you believe the expense management module of the payroll solution would help you better take care of company’s daily expenses, go for it. If you accidentally processed wrong salary, payroll management is what you’re looking for. So, coming back to the question, do you still need to buy payroll software? I guess you know the answer.
On-premise is best suited for companies having their own IT team and dedicated infrastructure for IT applications. On the other hand, online HRMS & payroll software is ideal for firms who do not have a dedicated IT resource team. Plus, on-premise payroll salary software requires considerable investment vis-Ă -vis license purchase, annual maintenance cost, etc. Cloud payroll solution offers the freedom to pay on a monthly/yearly basis and even pay by use model.
Annual maintenance fees is applicable only for on-premise software licences purchased by the company. If you’re paying subscription fees for cloud payroll solution, you do not have to pay annual subscription fees on them.
Starting Price
₹4,237/Year
PagarBook is a payroll and attendance management software for small and medium sized businesses to manage financial rec... Read More About PagarBook
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Starting at
₹34
PeoplesHR Turbo is one of the most user friendly and cost-effective cloud-based HR & Payroll Software Solution that... Read More About PeoplesHR Turbo
Price On Request
GoForHR is a comprehensive HR solution developed for small and medium sized businesses to manage and streamline all co... Read More About GoForHR
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By HivePayroll
Starting Price
₹25/Month
HivePayroll is a cloud based HR and payroll software with advanced accounting, process designing and ERP functions. It... Read More About HivePayroll
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Starting Price
₹6,000/Month
Webtel HR Pearls is an HR software for SMEs and start-ups to administer and streamline their payroll and other core HR... Read More About Webtel HR Pearls
Price On Request
Paywell is a robust and flexible payroll management software deployed for managing attendance, leaves and salary proce... Read More About Paywell Payroll
By SenSys
Price On Request
SENSYS HRMSThread is a human resource management solution designed for companies to monitor the work of their employee... Read More About SENSYS HRMThread
By M2H Infotech
Starting Price
₹1,500/Month
OfficeKit HR is a talent management solution that helps with applicant tracking, talent acquisition and onboarding. The... Read More About OfficeKit HR
Read OfficeKit HR Reviews
Starting Price
₹50/User/Month
BIZHRS is one of the largest providers of cloud based HR and Payroll Software solution. With a customer base in India a... Read More About BizHRS
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By Greytip
Starting Price
₹3,495/Month
greytHR is a comprehensive HR and payroll software that helps businesses streamline their HR processes, improve efficien... Read More About greytHR
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Starting Price
₹110/User/Month
EmployeeVibes is a web-based HR management solution helping organizations in digitizing their entire business processes... Read More About Employee Vibes
By Brio
Starting Price
₹1,495/30 Users
Perk Payroll is a cloud-based solution, aiming to streamline payroll management for enterprises. It systematizes attend... Read More About Perk Payroll
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By Marg ERP
Starting Price
₹12,600
Marg Payroll Software is a cloud-based solution, aiming to provide comprehensive payroll service to enterprises. The pa... Read More About Marg Payroll Software
Starting Price
₹5,000/Month
InfowanHR is one of the most cost-effective human resource management software available in the Indian market. This is... Read More About InfowanHR
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Price On Request
Spine Payroll Software is an accurate, flexible and user-friendly employee payroll management solution. It takes care o... Read More About Spine Payroll Software
By Paybooks
Starting Price
₹1,800/Month
Paybooks Payroll Software is one of the best Payroll Management Software in India. Paybooks offers a holistic payroll s... Read More About Paybooks
Read Paybooks Reviews
Last Updated on : 21 Jun, 2023
Payroll software helps small businesses calculate logged hours for every employee and calculate paychecks. Taxes and deductions can also be managed efficiently with payroll software. You can take payroll software as an independent application or incorporate this as a module with your HRMS software.
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Payroll Management Software Cost | ||
---|---|---|
Best Payroll Management Software | Price | Ratings |
Keka HRMS | ₹6999.00 /Month | 4.5 |
Farsight HR | ₹1750.00 /Month | 4.7 |
OpportuneHR | ₹4500.00 /Month | 4.7 |
PagarBook | ₹4237.29 /Year | 5 |
HivePayroll | ₹25.00 /Month | 4.9 |
Webtel HR Pearls | ₹6000.00 /Month | 4.7 |
OfficeKit HR | ₹1500.00 /Month | 4.7 |
BizHRS | ₹50.00 /User/Month | 4.6 |
greytHR | ₹3495.00 /Month | 4.5 |
Employee Vibes | ₹110.00 /User/Month | 4.8 |
P
Priyanka
review for Keka HRMS
"Really easy to use and can customize according to business requirements. This has made managing our daily tasks efficient."
RC
Ritu Chauhan
review for Spine HRMS
"Spine HR is a powerful tool that is also simple to use. Unlike any other HRMS software, it focuses on daily mundane processes rather than flashy graphs."
P
Priyanka
review for Farsight HR
"This system helps us to manage the applicants data at one placed. It is very easy to track the recruiters activities."
AN
Abhishek Nair
review for OpportuneHR
"It manages all the payroll-related tasks easily and leads the entire process effortlessly."
SB
Soumyakanta Bohidar
review for PagarBook
"Best in the market with maximum features. Easy to manage staff attendance, automatic salary calculation is easy.Provides quick support."
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Yes, you can purchase modules as per your company requirements. If your primary need is to process employee salaries, choose payroll management module. Keep track of employee punch ins/outs with time and attendance management module. Basically, you can pick and choose which module you want and build from there or buy the employee payroll software complete with all the glitz and glamour!
Payroll management software helps organizations with accurate payroll calculation processing, resulting in satisfied employees and zero revenue loss. Also, businesses can track expenses by employees and ensure reimbursements in real time. Tax and benefits are calculated automatically to ensure that your business comply with the policies of your state. Payroll software further helps with deep business insights for budgeting and forecasting. Such insights help businesses control costs across different departments.
Payroll software is a winning deal for employees, as it ensures that they get their salary on time without any discrepancy. The software brings transparency to the payroll process with pay slips shared over email. Also, payroll management software provides access to the self service portal where employees can track the status of reimbursement claim status, manage tax declaration, download pay slips and more.