Best Payroll Management Software in 2017

AccuPAY star star star star star_border 4.3 (4)

Employee Payroll System Software
AccuPAY is a comprehensive Payroll management software solution that comes integrated with Payroll features for flawless management of Human resources across the enterprise. Proper Payroll database management is essential to success of any business.
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Paysquare star star star star star_border 4 (1)

Leading payroll outsourcing company of India
Paysquare will take care of the entire payroll management, right from consolidating HR/Finance & employee inputs, to processing of payroll, providing the respective outputs and managing statutory filing, Paysquare helps you manage it all.
smartphone
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Paywings 4.0 star_border star_border star_border star_border star_border

Best HR and Payroll Software in India
Paywings is Windows based Payroll solution which covers a wide sprectrum of your HR needs like absence management, training and development or performance management. Payroll management system or employee salary software helps to reduce administration time in a processing of salaries of employees.
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

PayrollMax star star star star star 5 (1)

Employee Payroll Management software
PayrollMax has been designed to reduce the time and effort that is normally associated with payroll processing and to provide a direct and seamless operation that enables the employer to handle all staff and payment processes in a simple and accurate manner.
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Poise Payroll star star star star star 5 (1)

Software BY Maruti Computers Pvt. Ltd.
POISE Payroll empowers human resources department in payroll management and HR functionalities of the organization. An web based software with workflow, and Indian payroll management features.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Portico star star star star star_half 4.7 (3)

Software BY TopSource
Portico provides a secure and flexible way to store and track your HR and Payroll Data. It allows a client to update employee details, register joiners, leavers, absence and other employee data.
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Keepor - Keep Organize your HR & Payroll star star star star star_half 4.5 (2)

Complete HR & Payroll software
Keepor is a unique tool which organizes and automates company HR & Payroll management process. It allows companies to store their employee confidential information and give access to only authorized persons to ensure that information is both secure and accessible.
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Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

HRStop star star star star star 5 (1)

Software BY Great Developers Info Tech Pvt Ltd
Cloud based HR software solution (Online HRMS) with features like Payroll, Employee Self services, document management, leave reporting. Simplify your HR Management processes so that you save time for other more productive work. Complete human resource information system that generates the Pay Slips & statutory reports.
smartphone
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Wave Payroll star_border star_border star_border star_border star_border

Software BY Wave Accounting Inc.
Wave Payroll management system is guaranteed accurate, affordable software made for small businesses including direct deposit feature. No-hassle online setup. Pay hourly workers, salaried employees and seasonal staff easily. Get Free trial of employee salary software.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

SalesBabu Payroll star star star star star_half 4.5 (2)

Software BY RNT International
SalesBabu HR Payroll Management system is designed as long-term solution to your changing business needs. It is suitable for anything from one to many thousands of active employees and adapts easily to fluctuations in staffing levels. 
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Webpay star star star star star_border 4 (2)

Software BY Technowin Solutions Pvt. Ltd.
Webpay is a complete end-to-end and easy and affordable payroll management software for hr payroll processing in India used by thousands of small and medium businesses, multinationals, finance companies and several other companies across diversified domains.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Spine Payroll star_border star_border star_border star_border star_border

Software BY Spine Technologies India Pvt. Ltd.
Spine Payroll software is a very simple, flexible and user-friendly Payroll Management software & employee salary software specially for india, that takes care of all your requirements relating to accounting and management of employees’ Payroll. Offices based in Mumbai, Ahmedabad, Pune and Chennai.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

myPayoll star star star star star 5 (1)

Software BY Valisha Technologies
"MyPayoll" is the First Indian HR Payroll Software specially designed for SME's and small organizations. The Payroll software covers complete attendance management right from Integration with leading Attendance Systems to generating attendance reports. 
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Payroll21ESS star_border star_border star_border star_border star_border

Software BY G4tech Consulting Pvt Ltd
Payroll21 ESS is extremely simple to use and customers will find it an added advantage to have this along with Payroll21.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

sumHR star star star star star_border 4.2 (12)

Awesome features + Great support + Easy pricing
sumHR is a modern, charmful, and extremely easy to use HR management system that helps startups and SMEs streamline their HR & payroll processes. It is tension free cloud based HR software & Payroll software.
Installed
Onetime
Download Brochure
Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)


What is Payroll Software? Why one should have Employee Payroll Management software?

Payroll software is a tool that aims to restructure and automate the method of paying the employees of a company, making the task of processing payroll less time-consuming and convenient. Payroll management system can be acquired from a human resources management vendor or is contained within as a module of a larger enterprise resource planning (ERP) package.

One of the most fundamental functions to oversee a business is taking care of the human resources. Further more, among the issues one would face about human resources is managing the HR payroll. Managing payroll manually is a tedious task; an organization with few individuals can keep up with a manual process, but, it will however be a time consuming task with loads of data in the excel sheets!

Payroll management software is a trouble to small organizations and simultaneously an important activity which is repeated consistently including complexities identified with computations, derivations and statutory regulations. Small organizations may process the payroll of employees physically, but it will not be possible when the company grows. A potent and practical business payroll solution is an absolute necessity to handle payroll process which in turn simplify the task and to capitalize on the efficiency in the long run of the business.

HR department are not relevant for the small-scale organizations (as they do not justify the cost of employing one). In such cases the obligation of hr payroll administration can fall on anybody, from the managing executive to an administrator. While they can manage payroll manually up to some extent, however this is not the right way. A payroll management system used from the beginning in the business can help save two most important resources which are money and time.

Processing payroll causes a lot of blunder. Calculating salaries is an easy task if an organization have only one or two employees but the same task becomes cumbersome as the business begins including workers. Blunders commonly occur in the full and Final settlement (separation management) and increases when the workers join in the middle of the term as the process is being manually done In the end, organizations may realize that without the right salary software, business cannot grow as expected.

Also payroll management system has the capability to improve the functioning of small and medium scale organizations, improving the general operational effectiveness. HR Payroll management software helps in Computing pay rates including statutory reckoning of PF and ESI, Reimbursements according to CTC norms, the employee documents management, managing emails and documents in an organized way, Keep track of Employee leave taken and loans & advances.

The second motivation to consider this kind of employee payroll management system is that it makes tax obligations much effortless. Estimation of Income tax is another regular and burdensome activity that needs to comply with government regulations and standards. A decent payroll solution can help to robotize this with more productivity and precision.

How Payroll Management Software can help your business?

Looking into the benefits of payroll software:

  1. Effective Costing:  When employees themselves work on the salary management software without seeking help of professionals a lot of money is saved in this process. Thus, no expertise is needed to use the software; making it very user-friendly
  2. Notifications and Updates:  The salary software keeps reminding you of important notifications like tax payments and salary due dates. There are reminders too which keep you in loop about the different tasks to be done.
  3. Employee Calendars:  These calendars are an easy approach to manage different aspects of employee status like check on sick leaves, absence and overtime. Time management software with payroll helps employees to make plans and decisions on a particular day. At a single glance all kinds of information on the employee can be obtained like how long they have taken leave, whether to allow more leave or how much leave is entitled to them
  4. Pay slips:  This salary slip software helps you to generate pay slips so that your employees and company can keep the payment records
  5. Time Saver:  Automation of the data management in this payroll management software helps speeding up the process of your work and saves a lot of time
  6. Negligible Errors/Mistakes:  Errors/mistakes are minimized due to computing and automation benefits
  7. Customer Services:  With saving of time and money your employees can focus on the customers better thereby improving your business standards

The disadvantages:

  1. The salary software needs a lot of data inputs about the employees. Since this is done manually, this may lead to errors/mistakes
  2. If the employer outsources the data work to the service provider;  they have to pay for these services which might be expensive
  3. If the salary management software data task is done by service provider, one cannot expect immediate help from the service providers since they might do providing similar services to many other clients too.

Important features of a Payroll Management Software

Payroll technology consolidates and automates the process of paying salary and other compensation/dues to company’s employees.  Now a days, the software does more than calculate salary. It supports you in giving you updated information about the total cost of employment and also keeps track of the individual employees. You can add more features to your software as your company grows – this is the beneficial option in buying payroll management system.

The software now a days can be customized to your requirements and employee capabilities. Using this software enables you to cut administrative costs and also aids in a number of HR tasks. It can automatically and accurately perform a range of tasks. You can monitor your employees and their performance, manage office data and records and even decide on employment opportunities that might arise.

  1. Customization:  This employee salary software can be customized for any kind of business. You can even add the different departments for increasing the software data usage across your enterprise and also be updated on all employees’ information
  2. Payroll Management:  The most sought-after feature which allows you to customize or change payroll calculations based on the prevailing financial scenario. This is done by altering the formulas for taxation and allowance benefits.
  3. Generate Pay slips:  You can easily generate pay slips for all the employees through payroll management system or salary slip software. All the necessary calculations like taxes and allowances/benefits too are added in these slips. You can also print these slips without any hassles.
  4. Employee Management:  The employee salary software also helps indirectly in managing your employees especially in terms of their work and leave status and the related attendance records. Some software also have the feature of providing leave encashment and also transfers the data/tasks for the next year too.
  5. HR Management System:  The software is really helpful in providing support to manage several HR activities through following features:

1) One essential feature in this software is that it helps employers in monitoring the employee performance and also keeps records of these.

2) The office documents needed by the employees are managed effectively so as to enable the employer or any other user to access it anytime. These documents are related to employee records.

3) Records are saved about the employees who had appeared for the interview in the organization. This comprises of details of candidates, their interview status and results and the status of the job offered.

4) Several reports related to payroll, performance and leave of the employee is generated and any decision in this direction is then taken.

Which One Should You Select: Payroll Software or Payroll Service?

  1. Staffing:  Staffing is essential in order to decide the managerial roles. Payroll service processes are sleek and upto date. But keeping track of and submission of the number of hours worked to the payroll service is necessary. With the software however, the person in charge of payroll ends up investing time in only managing it, because all the functions will be done internally.
  2. Cost:  Cost is an important factor associated with payroll services as well as payroll software. Since payroll service takes most of the work-load off your shoulders, it costs more. You just need to make sure that the pricing info is inclusive of all the required functions. There are several add on functions that can incur an additional fee hence, receiving a quote for all the ordered payroll functions will save time and keep you from bearing new expenses down the line. Also, with fewer employees, the cost for payroll service becomes inexpensive but as your employee number increases, payroll service costs can go up.
  3. Data Security:  Payroll information needs to be protected with strong security. With payroll service, the internet is used to access your data, hence make sure that your connectivity is safe. In case of payroll software, you want to keep a limited and controlled access to the system. Menu level security feature enables the employees to access only those screens that you deem necessary.
  4. Reporting and Special Considerations:  The setup and reporting flexibility that comes with a payroll software attracts a lot of users. If you need a customized payroll with features such as multiple pay rates for employees or reporting from every department, then a payroll software is more suitable for you. In simpler words, a payroll software offers more business control over a company's operations, whereas a payroll service can only reduce some burden.

Reasons To Select Payroll Software Over Payroll Service

There are many reasons to select a payroll software over a payroll service. There are many powerful applications that a payroll software can offer. Hence, it might not be too late to reconsider your strategies to handle the critical tasks of payroll generation.

  1. Internal Control:  With the growth of an organization, it may become necessary to control your payroll processing, save money and eliminate partner-management tasks. A nominal fee might just expand into payroll complexities. With the help of HR and accounting professionals, it can be even more cost-effective to get payroll services under your roof.
  2. Security:  Security is a recurring barrier especially with regards to salary and employee benefit data. Payroll service firms assure you that they will keep your data safe. But many a times, businesses may feel more secure with their own software. You will always need a guarantee of info access and security irrespective of the payroll type.
  3. Efficiency:  While this may lead to a culture issue, it is recommended not to cede any control to external firms and many companies firmly stand by this belief. Sometimes, you need control due to the company's complex multi-national operations. Also, rapid shifts within the firm - such as frequent recruiting and laying-off of employees may also create a need for an efficient and adaptable payroll.
  4. Report Generation:  Reports are an extremely important factor. A Payroll software lets you create smart tool to analyse,for eg. tracking salaries of a specific department, geography etc. A flexible payroll software enables the user to produce the most creative reporting and lets the managers export data from the reports into a spreadsheet, or any format for presentation and review.

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