Every HR department globally has experienced the same problem for a long period of time - processing payroll. People have recognized this crucial issue and have developed solutions to make payroll easy. Payroll softwares are now available, and affordable, for companies of all sizes. Here are some of the best payroll softwares in India that are solving a major HR problem:
1. sumHR
Key People: Waqar Azmi, Jay Thaker.
Founded: 2013.
Headquarters: Mumbai.
Key Clients: StalkBuyLove, PayU, Cleartax, Curejoy.
sumHR is a SaaS modeled cloud-based HR & payroll software. Their services are available across India. They also have international clients, although without payroll services. Their USP is the user-friendly interface and one-click payroll management feature. sumHR’s payroll feature includes a number of categories like monthly salary & CTC, income tax & deductions, provident fund & ESIC, profession tax & LWF, loan advances & bonus, MIS reports & assets, F&Fs. It directly calculates deductions based on attendance and leaves of the employees and company policies. sumHR is not only aimed at making the employer’s and HR’s life easy, but also targeted at employees. Along with making HR easy, they focus on increasing employee engagement with their ‘streams’ feature. Employees can easily access all their data and apply for requests directly from their dashboard. Since they’re cloud-based, it makes them extremely secure to trust with your data without worrying about leaking confidential documents. sumHR can be seamlessly integrated with existing biometric devices or new devices. sumHR also thinks of customer support highly. And so, they’re a team of approachable people who don’t give up till your queries or doubts aren’t solved. This HR software takes care of the entire employee life-cycle from onboarding to exit. Being the most affordable software with extensive features, they’re still open to feedback for new features. With sumHR 3.0, they’re introducing a brand new interface and a set of features that they know their current and future clients will love.
2. HRM Thread
Key People: Praveen Kumar.D.S.
Founded: 2004.
Headquarters: Mumbai.
Key Clients: NIIT, Samsung, Baggit, Suvidhaa.
HRM Thread is an HR software that offers end-to-end solutions. Along with Mumbai, they also provide services in Delhi & NCR, Bengaluru, Hyderabad, Kolkata, Indore, Coimbatore, Vijaywada, Chennai, and Ahmedabad. Their payroll solution includes a list of different features such as processing salaries, making other payments such as reimbursements, providing statutory reports for ESIC, PT, PF, and TDS. This solution also solves income tax issues like calculating IT, TDS projections, returns, and calculations, to name a few. HRM Thread helps in calculating arrears for previous periods and also generates separate payslips for the same. Other payments like gratuity, bonuses, overtime calculations, and medical payments can also be done via HRM Thread.
3. ZingHR
Key People: Prasad Rajappan.
Founded: 2014.
Headquarters: Mumbai.
Key Clients: Enrich Salons, SMERA Ratings Ltd, Zuari Investments, Unimark Remedies.
ZingHR has offices in Mumbai, Gurgaon, and Bangalore. With 24+ modules, ZingHR has approximately over 450 clients. They’ve adopted a mobile-first approach and are employee centric. They have 4 products - Welcome Pack, Power Pack, Business Pack, Turbo Pack. All 4 packs come with Payroll Compliance Management (PCM). ZingHR claims to help companies process complex payroll and compliances in 4-5 days. They have a flexible payout configurator feature. Say, if your company policies allow payments for overtime, then based on the extra hours put in by the employee, the software will automatically calculate and pay for it. Salary revisions and history can also be tracked. Employees can plan their tax by declaring their investments online and have it tracked for proof by your team.
4. Beehive HRMS
Key People: Haresh Awatramani.
Founded: 2012.
Headquarters: Mumbai.
Key Clients: Reznext, Faber Castell, Faaso’s, Datamatics, Zodiac.
Beehive provides services across India. Their payroll management software comes with multiple features. They automate the entire payroll process and reduce the time required. To make things simpler, Beehive’s payroll management feature is integrated with leave, attendance, loans and advances, and reimbursements. They categorize employees by pay grade and also generate paychecks. Arrears and loans are also managed by Beehive’s payroll software. Their IT calculator and tax projection/deduction feature make taxes simple.
5. GreytHR
Key People: Girish Rowjee, Sayeed Anjum.
Founded: 1994.
Headquarters: Bangalore.
Key Clients: Dell, Volvo, Jockey, Greenpeace, Freshdesk.
GreytHR has offices in major cities in India like Bangalore, Chennai, Mumbai, Delhi NCR, Hyderabad, and Pune. They also have an office in Dubai. GreytHR’s core features include a payroll software. This module comes with a set of different features that help in processing payroll within minutes instead of days. Their biggest strength is the payroll module’s flexibility and power to handle different salary structures. It generates error-free salary slips for every employee that are also accessible via the mobile app. GreytHR handles statutory deductions with accordance to the law PF, ESI, Professional tax, TDS, etc. You can also generate reports like PF ECR file, ESI Returns, PT reports of all states and TDS returns with no extra effort. They automatically calculate and deduct TDS further reducing any additional work. Reports like Monthly Tax Statement, Form 16 & 12BA, eTDS Returns, Form 24Q, etc. are also available and ready to use. This payroll software has maximum effectiveness when handling requirements like salary advances, loans and automatic EMI deductions, arrears, reimbursements, bonus, FnF and so on.
6. Keka HR
Key People: Vijay Yalamanchili, Sashi Pagadala.
Founded: 2014.
Headquarters: Hyderabad.
Key Clients: Walkover Web Solutions, Honda, Saavn, Godrej, Engineer Babu.
Keka HR is in the following locations - Hyderabad, Bengaluru, Delhi, Mumbai, Chennai, Vizag, and Pune. Keka HR’s payroll software can be used in SMEs as well as large corporations with 20k employees. Migrating to Keka HR is really simple can be done within a week. It is extremely customizable and can be configured to suit the company’s payroll needs. It’s also 100% in terms with statutory compliances. Payroll can processed with a click and from one single screen making it hassle-free. Loans and arrears, asset recovery, settlement statements, and other aspects of FnF are also handled by Keka HR. They provide real time analytics of attendance and leave patterns of employees to optimize salary structures.
7. Nitso Technologies
Key People: Arun Kumar, Renu Yadav.
Founded: 2009.
Headquarters: Gurgaon.
Key Clients: Exide, Amity University, Global Autotech, Control Risks.
Nitso Technologies has offices in Gurgaon, Delhi NCR, Karnataka, and Punjab. Nitso’s payroll software comes with a set of key features. You can select the time periods for payments like monthly or yearly. Salaries to be paid are calculated based on the attendance. Employers can also put salaries on hold or freeze them for employees serving a notice period or are terminated. PF is applicable at the employee level. Reports can also be converted to MS Word, PDF, & Excel. Unlimited salary components can be added or deducted. Loans or advances given can automatically be adjusted while processing salaries along with interest calculation. ESIC, PF, PT, TDS can also be calculated without any hassles. Nitso also handles FnF settlements and reports. Modifications can be made at the time of calculating FnFs. Any extra payments apart from the monthly salary can be managed via Supplementary Payments.
8. Pocket HCM
Key People: Kumar Siddhartha, Surabhi Kumar Siddhartha, Jitendra Mohandas Soman.
Founded: 2014
Headquarters: Mumbai.
Key Clients: Invicta eSolutions, Goel Steel Company, Morpheus Human Consulting.
Pocket HCM is available in major cities across India like Chennai, Bangalore, Mumbai, Delhi, Pune, and Hyderabad. Pocket HCM’s payroll software redefines payroll processing in any industry from hospitality to retail. It provides leave and attendance tracking, loan tracking, and payroll processing in a seamless manner. Since it completely eliminates the need for any manual entries for salaries or deductions, it automates the entire process. It calculates any loans, taxes, incentives, etc, to save time and efforts of the HR.
9. HR Mantra
Key People: Pankaj Bhargav.
Founded: 1996.
Headquarters: Mumbai.
Key Clients: LIC Housing Finance, Piramal Healthcare Mumbai, Parason Machinery.
HR Mantra has offices in Mumbai, Delhi, and Bangalore. Their payroll feature is simple to use and covers different aspects of processing payroll. They bring down the process to a few steps rather than a week-long process. Employers can set salary slabs and policies department and team wise. You can also define IT exemption limits. It is 100% customizable and can handle even complicated pay calculations.
10. Quikchex
Key People: Nigel Lobo.
Founded: 2013.
Headquarters: Mumbai.
Key Clients: Mapbox, Coupon Dunia, Haptik, Coverfox, B2X.
Quikchex’s payroll software makes payroll easy. Based on the organization’s policies, employers can set salary structures, allowances, and payroll cycles. Running payroll for the entire organization can be done in 5 simple steps. You have the option to put employees on hold and process payroll in batches. It is automatically synced with attendance and leaves, so any deductions are automatically calculated as per policies. Incentives, bonuses, reimbursements, loans and advances can also be managed from the same software. Arrears for salary revisions and supplementary days are processed from a single platform. Automatically generated salary and tax payslips can be distributed to the employees once the payroll is processed.
If you think we missed on any great payroll software in India, let us know in the comment section below.
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