If you are looking for a payroll Management System in India, you have come to the right place. In this blog post, we will be discussing the 20 best systems that are available in the country.
But before we go into details about Payroll Management systems, let us first understand what payroll is all about.
What is Payroll and What Does a Payroll Management System Do?
Payroll refers to the total of salaries, wages, and other benefits paid to employees by their employers. It also includes deductions from employees’ salaries such as income tax, provident fund, etc.
The process of calculating and issuing payments to employees is called payroll processing. You can do this process manually or through a payroll management system.
A payroll Management System (PMS) is software that automates the payroll process. It calculates employees’ salaries and wages, deductions, etc., and issues payments accordingly.
Thus, a PMS helps organizations automate and manage their payroll processes efficiently.
Importance of Payroll Management Systems
Organizations that do not have a PMS often face the following problems:
- Inefficient and time-consuming payroll processes
- Lack of visibility into employee’s salary and wage information
- Error-prone calculations
- Poor tracking of leave and attendance
- Tax declaration and compliance issues
Therefore, it is evident that a payroll management system can help organizations overcome these challenges and improve their payroll processes.
Now that we have understood what payroll is and the importance of a PMS, let us look at some of India’s best payroll management systems.
Best Payroll Management Systems in India
Payroll management is a challenging task for any organization. However, the best payroll systems can help overcome the challenges mentioned above and improve your company’s process to be easier from now on!
If you are in the market for payroll software, there is no shortage of options. Some Indian companies go with homegrown solutions, while others prefer international brands like ADP or Paycom because they offer more features and integrations than most local offerings can provide alone!
#1. Zoho People
Imagine a world where you never have to worry about missing payments or inaccurate accounts again.
With its cloud-based payroll software system, Zoho Payroll can help make this happen for your company. It streamlines the tedious tasks involved in seamlessly managing expenses and remuneration functions online!
With the help of Zoho Payroll, businesses can centralize and store records for employees securely. In addition, the payroll calculator can automatically do all calculations needed in just a few steps!
#2. Razorpay
Razorpay is a payment gateway that allows businesses to accept online payments. In addition to its core payroll management features, it also offers additional features such as invoicing and recurring payments. This multitasking ability makes Razorpay an ideal solution for businesses of all sizes.
The software ensures that you do not have to calculate the payroll every month and helps save time manually. In addition, compliance payments and statutory filings are taken care of so that you can focus on your core business.
It also has an inbuilt leave management system which helps keep track of employee leaves and records the same for future references.
#3. SumHR
sumHR is a cloud-based HR & payroll software designed for businesses across India. The easy-to-use interface and one-click feature make it an excellent choice in today’s world of quick-paced business transactions.
Its features include CTC management, income tax calculations, deductions, and bonus or appraisal planning.
The program automatically calculates expenses based on employee attendance rates for each day; It is mechanized to create an accurate report of money made during their time with your company!
#4. Paycom
Paycom is a cloud-based payroll management system that offers many features, such as time tracking, leave management, and attendance tracking. It is ideal for businesses of all sizes.
Its intuitive interface makes it easy to use, even for those unfamiliar with payroll processes. It also offers a host of features that can help you manage your payroll more efficiently.
Paycom HR Suite offers all of these benefits:
Paycom HR automatically pulls information from employees’ profiles, making the payroll processing quicker; Time clocks are built in the employee systems to be aware of future deadlines.
#5. HRXpert from Marg
Marg Payroll Software makes your life easy! You can easily integrate it with a biometric machine, like the ones found at most retailers these days. And then Marg will take care of all information related to paychecks – no more worries about how much someone got paid or when they should be paid again ever again (especially if you use their HRXpert tool).
#6. Spine Payroll
Spine Payroll is a cloud-based payroll management system that offers many features, such as time tracking, leave management, and attendance tracking.
Spine Payroll’s HR software streamlines the entire process, from hiring to retiring/resigning. It provides a range of specialized software to businesses in India, with its solutions being both flexible and user-friendly.
The intuitive interface allows you complete peace of mind as your company grows with them and ensures efficiency in all areas – leaving more time for work!
#7. Qandle
Qandle HRMS is a revolutionary payroll software that allows your employees to work seamlessly without worrying about manual punch-ins and outs.
As soon as they enter the office premises, Qandle automatically starts recording their time using advanced biometric technology, so there are no more worries of lost data or clocks getting out of sync!
In addition, on-field employees can use the Qandle app to track their attendance and submit expense slips directly from it. This function makes payroll management easier for you!
#8. Keka HRMS
In the world of payroll, there are many different systems from which we can make our choices.
Keka HR is one such system that offers an innovative and easy way for employers large or small with multifaceted operations in need of a state of -the art solution focused on enhancing your user experience while streamlining everything at once!
The company’s cloud-based system allows managers to monitor and control the workforce remotely.
The HRMS control is with the senior authority, making the data secure. It can only be accessed by those who need access to manage tasks or scheduling across different locations.
#9. HRMThread
HRMThread streamlines payroll processes and makes them easier for you.
It is a fast, easy-to-use system that takes all the headaches out of managing employees’ wages while providing comprehensive supervision over their hours worked!
Its time tracking tool is the most efficient way to schedule salary slips.
HRMThread makes leave management and arrear reimbursement hassle-free. Apart from taking care of compliance, this program also helps manage employee exits and recruitment needs!
#10. Beehive
Beehive helps HR managers with the entire payroll management process. It’s got everything from wages, bonuses, and incentive programs all in one place!
Beehive HRMS offers a sturdy system that can manage an employee’s life cycle details. Not only does it assist with leaves, but Beehives also takes care of salary approvals and leave management, so you never have to worry about missing anything important!
#11. ADP Vista HCM
ADP Vista HCM is a payroll and HR system that makes managing employees easy. This platform saves you from extra hassle or investment with accurate pay cycles!
ADP Vista HCM provides a comprehensive HR suite that combines the best of both worlds – cloud-based access and security with state-of-the-art tools for efficient payroll management. In addition, it includes modules like employee self-service, leaves policy compliance reports, tax deductions, or even easier ways to do business in today’s demanding world!
#12. GreytHR
GreytHR is one of India’s most popular HR & payroll management software.
GreytHR provides a single, integrated system to help you manage your company’s every aspect from payroll and work processes seamlessly. Its automation features for critical tasks like employee attendance management or time tracking can also reduce costs by cutting down on paper-based reports that are required in most businesses today!
#13. GoForHR
HR professionals and employees alike can now access their payroll information from anywhere, thanks to GoForHR’s cloud-based platform.
Designed for businesses looking at increasing staff or growing rapidly in size, this service provides a streamlined experience with all of your company’s compensation needs to be brought together under one roof, so you never miss an important detail again!
This payroll management system is a dream come true for any employer. The self-service module gives you access to your employee’s database, attendance records, and leave requests all in one place with no need for technical know-how!
You can also manage an expense claims process easily through this platform without worrying about anything else that might distract from running smoothly at work because it automatically takes care of updates.
#14. Saral PayPack
HR and payroll are two tasks that often get Automated with Saral PayPack. A single solution helps in managing the processes related to human resources as well as salaries of employees- all within minutes!
To ensure that your company’s sensitive data stays safe, Saral PayPack provides a comprehensive suite of security features to protect you from external attacks as well as internal threats.
It truly is one convenient solution with an easy-to-use interface and multi-layered access architecture for employees depending on their role in the organization!
#15. SmartH2R
With its innovative features and tools, SmartH2R is the perfect choice for any company looking to take its HR management needs into a new era.
The platform was recently awarded as one of thirty best tech companies by Silicon Review in 2017 – showcasing how advanced this software is!
The HRMS meets the specific needs of businesses across various industries.
#16. Nitso Technologies
Nitso Technologies offers a modern and appropriate payroll solution precisely designed for Indian businesses.
The software provides some state-of-the-art features that help businesses manage their finances more efficiently, giving them peace of mind when paying employees on time every month!
Nitso Technologies helps you to set pay according to the different periods in which employees can receive their salary, such as monthly or annual.
The software automatically calculates how much an employee should get based on when they took leave and other relevant factors like the number of days worked per month/year.
#17. ZingHR
ZingHR is a payroll and HR management software designed for employees.
It has adopted an approach that prioritizes mobile devices, making it more convenient for employees to get their work done on the go or at home while also saving them time by not having to print documents like invoices all too often!
#18. Quikchex
Quikchex payroll software makes your company’s HR department more efficient.
The interface allows users easy access and control over many aspects like managing employee salary benefits, CTCs, and expense reports. Users can also check the details of how many expenses have occurred each month.
With Quikchex, you can manage payroll for all employees in just five simple steps. The software also allows putting workers on hold and processing payroll batch-style with ease!
#19. HRMantra
HRMantra automates tedious and time-consuming tasks so that you can focus on your core business.
Their payroll software is full of features to ensure every employee gets what they deserve without any hassle or confusion – all while saving hours each month by cutting down the manual paperwork!
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#20. Ezpayroll
What’s more, ezpayroll provides payroll software that’s both simple and easy to use.
Features like a stepwise breakdown for efficient management will help you handle your company finances faster than ever before!
The payroll software from ezpayroll works as per Indian businesses, and it can process multiple tasks at once. Moreover, the interface is simple, so users don’t get overwhelmed by all the given options.
This tool is perfect for small-scale enterprises and startups who need help managing their employees’ wages and collecting data on what they’re earning each month.
Conclusion
There are many payroll management systems in India, but not all of them can deliver on what they claim. We’ve compiled a list of the best 20 and outlined their key features to help you make the right decision for your business needs. Check out our blog post and give us feedback or share it with other small businesses who may need guidance when choosing which system is right for them!
