Payroll is an substantial process for any business. It includes calculating gross compensation, net salary, deductions, variables, and compliance filings, among others. This is where payroll software comes into the picture. Payroll software helps to organize and manage tax-related activities and employee salary and payments, including salary and reimbursements, among other things. Implementing a payroll system enables your HR and finance departments to easily ensure compliance with tax laws and other financial rules, reducing errors and saving critical time.
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Payroll software refers to the software solution that helps in automating and managing all payroll-related activities, such as calculations, deductions, reimbursement, maintaining records, statutory compliance, and so on. Payroll software solutions can help companies save time, money, and resources while reducing manual errors and providing accurate payroll management and records. They also help enhance operational efficiency and maintain transparency.
PayWheel is an intuitive payroll and HRMS software primarily designed for the Indian market. It provides a comprehensive suite of features, including payroll management, compliance management, attendance and leave management, among others in a centralized platform.
It is a scalable solution which ensures adaptability to growing business needs, while its intuitive interface enhances workflow efficiency. Additionally, PayWheel also provides a mobile application for seamless on-the-go management. PayWheel is a product of Tricon Infotech, a reputable IT software and services company, with over 27 years of experience. PayWheel is known for its customer-centric approach and commitment to continuous customer success. With more than 200+ customers, PayWheel is known for its reliability, accuracy, ease of use, and customer satisfaction.
Top Features
- Payroll Management
- Selfie Attendance
- Automated Payslip Generation
- Time and attendance with Geolocation Services
- Leave and Holiday Management
- Employee self-service portal
- Statutory Compliance
- Reimbursements
- Data Protection
- Loan & Advances Management
- Employee Lifecycle Management
- Exit Management & Separation Management
- Multiple Pay Schedules
- Informative Reports
- Customer Support
Best suited for
It is best suited for small and medium-sized businesses.
Pricing
PayWheel has annual and monthly subscriptions. The advance plan for 25 employees starts at only Rs. 1000 per month.
Pocket HRMS is a cloud-based HR management system and payroll software in India. It is a fully scalable HR solution. This HRMS software streamlines HR processes with advanced features such as automated chatbot, interactive dashboards, mobility, and customizable modules among others.
Top Features
- Payroll Management
- Appraisal Management
- Attendance & leave management
- Loan & Advances Management
- Data Security
- Exit Management & Separation Management
- Expense Management
- Recruitment Management
- Statutory Compliances
Best suited for
It is best suited for small, medium and large businesses.
Pricing
Pricing starts at Rs. 2495 per month for 50 employees.
Zimyo is a cloud-based HR payroll software that caters to businesses of all sizes. It helps to set up and create pay schedules, salary structures, payslips, and other industry-specific features. It also helps to track important employee data like leave, attendance, compliance among others.
Top Features
- Payroll Management
- Appraisal Management
- Attendance & leave management
- Loan & Advances Management
- Data Security
- Exit Management & Separation Management
- Expense Management
- Recruitment Management
- Statutory Compliances
Best suited for
It is best suited for small, medium and large businesses.
Pricing
The basic pricing plan starts from Rs 80 per user per month with a minimum billing for 40 users.
Darwinbox is a cloud-based HRMS solution that also provides payroll software solutions. Darwinbox is known for its intuitive interface and scalability. It is an end-to-end integrated HR system that helps to streamline the employee lifecycle and offers various features like streamlined tax filing and salary disbursal, among others.
Top Features
- Core HR software
- Payroll Management
- Appraisal Management
- Attendance & leave management
- Loan & Advances Management
- Data Security
- Exit Management & Separation Management
- Expense Management
- Recruitment Management
- Statutory Compliances
Best suited for
It is best suited for medium-sized and large businesses.
Pricing
Pricing available on request.
HROne is a high-end HCM software solution in India. It helps to streamline and automate HR and payroll processing. It also has various other features, like compliance management, performance management, and expense management, among others. It is mobile-first software.
Top Features
- Performance Analysis
- Core HR management
- Payroll Management
- Performance Management
- Attendance Management
- Expense Management
- Recruitment Management
- Asset Management
Best suited for
It is best suited for small, medium and large businesses.
Pricing
Pricing available on request.
Workday HCM is a cloud-based payroll software solution with intelligent automation, offering comprehensive support for international businesses. It streamlines payroll processes, workforce planning, talent management, onboarding, and compliance tasks such as tax filing.
Top Features
- User-friendly Interface
- Multilingual Facilities
- Salary Structure
- Employee Data Management
- Data Security
- Performance Management
- Employee Attendance management
Best suited for
It is best suited for medium to large businesses and international businesses.
Pricing
Pricing available on request.
SumHR is a cloud-based HR and payroll software. It is a scalable solution that primarily caters to startups and SMEs and helps streamline their HR and payroll processes. SumHR is known for its reliable service, flexibility, and various features like compliance management and employee lifecycle management, among others.
Top Features
- Payroll Management
- Payroll Reports
- Direct Salary Deposits
- Payroll Tax
- Statutory Compliance
- Asset Management
- Attendance Management
- Expense Management
- Recruitment Management
Best suited for
It is best suited for small and medium-sized businesses.
Pricing
Their basic plan starts from Rs 49 per user per month.
Razorpay is an integrated payment gateway and offers a complete payroll automation solution. It helps to streamline and automate salary disbursal, taxes, and compliance calculations. Some of its major features include payroll, compliance, and attendance tracking among others.
Top Features
- Automatic Payroll Processing
- Automated Compliance Calculations
- Slack Integration
- Basic Attendance & Leave Tracking System
- Letter Generation System
- Monthly and Quarterly TDS Calculation
- Automated Disbursement of Salaries
Best suited for
It is best suited for small to medium-sized businesses.
Pricing
The basic plan starts from ₹2499 for the first 20 employees annually.
FactoHR is a Hire to Retire cloud-based HCM solution that offers a streamlined payroll solution as well. It has various features such as employee attendance tracking, leave management, performance management, and payroll management, among others.
Top Features
- Single-click Payroll Processing
- On-cycle and Off-cycle Payroll Processing
- Time And Attendance with Geofencing
- Employee Self-Service Management
- Leave Management
- Exit Management
- 360 Degree Feedback
- Performance Management
Best suited for
It is best suited for small to medium-sized businesses.
Pricing
Pricing is available on request.
Pagarbook is a staff attendance and payroll management software designed for business owners to efficiently monitor and automate various aspects of staff management, including attendance tracking and salary management, among others. It is not, however, a complete HRMS solution.
Top Features
- Customizable CTC
- Automated Payslips
- One-click Multiple Payments
- Automated Calculation of Advances, Bonuses, etc.
- Mobile Application
- Advance Salary Report
- Employee Exit Report
- HR MIS Report
Best suited for
It is best suited for small to medium-sized businesses.
Pricing
Pricing is available on request.
In conclusion, payroll software plays an important role for businesses as it helps to streamline payroll operations, ensures compliance, and improves overall workforce management. Payroll administration can be made more efficient, accurate, and transparent by adopting the right payroll software solution. HR and payroll software solutions like PayWheel can help in streamlining overall payroll management and while ensuring statutory compliance and thereby improving organizational efficiency.
