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Choosing the Right Payroll Management Software for Your Organization

Paying your employees correctly and on time should always be a top concern for your company, therefore selecting payroll software is a critical choice. Maintaining company continuity and avoiding costly fines and penalties associated with non-compliance requires having the appropriate processes in place to pay employees accurately and on time. Employee-employer trust may be built by using software that allows your employees to monitor their salary and control their own information.

Payroll! The phrase itself conjures up images of paperwork and procedures. You’ve arrived at a key choice if your company has expanded to the point that a payroll system makes sense, or if you’re noticing indicators that it’s time to switch payroll providers. Choosing the proper payroll software for your company may help you avoid the administrative difficulties that plague payroll teams and help you grow with a happy staff.

How can you choose the best payroll management software?

Working with a supplier who understands your company’s demands can help you keep on top of payroll difficulties, giving you more time to manage and develop your company and its personnel. However, with so many payroll software alternatives available today, how can you choose? You’ll need to figure out what your company’s demands are so you can ask the right questions of potential providers.

When considering best payroll management software, consider how the features and support will suit your current and future business demands as your company grows and changes. Here’s what you’ll need to keep an eye on in the short and long term to make sure you’re receiving what you need.

1. Payroll processing and tax computations that are robust

The most important thing is to have a payroll management software India that can manage a variety of computations, such as CPP and EI deductions, bonuses, holiday pay, overtime, and so forth. To assist you in meeting your government remittance and reporting responsibilities, go deep and ask potential suppliers the proper questions about the product.

2. A high level of protection

You’ll want to seek for Payroll Software for SME that helps keep your business and employee information safe and secure, in addition to payroll and tax automation. When accessing extremely sensitive employee data, keep an eye on the software’s security features and check if there are any protections in place to help you spot danger and anomalies in the account.

3. Self-service for employees

Employees want to be able to access their information at any time and from any location. Look for a payroll company that has a mobile app that allows employees to access and manage personal information such as salary, personal information, and more.

Self-service features of a system can also assist you or your HR team save time and effort. You’ll also want to check for mobile payroll processing features to provide administrators the tools they need to make adjustments while on the move.

4. Reporting capabilities for payroll

The appropriate reporting skills will assist you and your team in making faster and more informed business choices. Data analysis and reporting features in payroll software can help you get important company insights without spending hours monitoring dashboards. For example, you may obtain past year’s payroll and year-end reports at any time, as well as archived data from previous years. Ask suppliers whether their system offers pre-built payroll and year-end reports and additional reporting features.

5. Expertise that has been proven

Make sure you’re dealing with an experienced partner, not just a service provider, by asking the appropriate questions. Ask other providers for some instances of how they assisted firms with your unique issues. It’ll also be crucial to know how much experience they have in assisting firms with expansion. Examine if their best payroll software India is truly built to withstand exponential expansion, or whether you’ll have trouble adding more workers and computing payroll in multiple areas.

6. Excellent client service

You have control over your pay check when you utilise a payroll system, but it’s essential to remember that you’re not alone if you have any questions. A strong support partner might assist your in-house payroll staff in overcoming obstacles that prevent them from correctly paying employees on time.

Seek for merchants who will be there for you every step of the process. What types of help do they provide, and what sort of follow-up will you get? Will you be connected with a group of CPA-trained professionals who are familiar with your company’s requirements? What are the various communication methods for support (e.g., phone, email, support tickets, etc.)?

7. A smooth implementation procedure

You’ll need assistance for a successful launch when you sign up with a new payroll provider. Inquire about the provider’s implementation procedure and how long the new solution will take to implement. Is there someone who will devote their time to assisting you with your setup? Some payroll partners will also provide tools such as a pre-implementation checklist to assist you in preparing everything your team requires.

8. Adaptability

Look for a flexible solution and a partner who can expand with your company. How easy would it be to add modules as your company’s demands evolve? Inquire with each vendor about their system’s ability to change staff assignments and work locations rapidly.

After you’ve determined which payroll capabilities best suit your company’s needs, there are a few more things to consider to assist you expedite associated HR procedures.

Wrap up

Check to see whether the supplier offers flexible plans and choices in case you need them in the future. Can you, for example, record and track personnel data in a single system or will you have to re-enter the information in different modules? Is the new hiring process automated so that workers may manage their own information, such as contact, banking, and tax forms? Another feature to look for is the ability to track which workers have signed off on corporate papers like employee handbooks and policy manuals. Easy GST offers the best payroll management software to carry on all the activities in a managed smooth manner.

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Why SMEs need a Payroll Management System

Any business with employees should have a payroll management process. Small and medium enterprise never find it easy to run their business operations. To handle the front end office work as well as back office work at the same time, with their employees sharing multi roles due to the limited resources.

Easy GST offer Best Payroll Management System for your SMEs or any business. Easy GST HRMS system has plenty of benefits for SMEs. Let’s us have a look at the advantages for it.

10 Benefits of Using Easy HRMS Software for your Business.

  1. Better Accuracy: An automated payroll software easily calculates the withholding tax as well as salary for every employee based on data entry, and eliminates the risk for human errors in payroll system.
  2. Data Security: For any business small or big, payroll data is untouchable. It contains key information such as mailing addresses, bank details, etc., there’s a need to secure it. A good payroll software can securely lock down your payroll data, and protect it from potential threats.
  3. Automatic Updates & Payments: payroll software can keep updating its system to stay on top of federal and state requirements.
  4. Report Generation: Payroll management system provides you with multiple reports, such as reconciliation reports, MIS reports, customizable payroll statements, and other statutory as well as user-defined reports.
  5. Easy Integration Options: SMEs often find it difficult to switch between operations while working on disparate systems for data such as leave, attendance, and employee information, for processing payroll and calculating taxes.
  6. Scalable: Once a small business starts growing, the system allows it to add new employees whenever necessary without any additional effort.
  7. Employee Satisfaction: an SME can automate the processes, increase the efficiency of the operations, eliminate the chances of errors, and most importantly, make jobs easier for employees, thereby enhancing their satisfaction.
  8. Customization as per Business needs: As small businesses grow and add more employees to their payroll, the system can be scaled up to handle higher volumes and new salary structure complexities. And since cloud-based solutions offer unlimited storage, upgrades can be made without worrying about the effect on functionality.
  9. Visibility into employee performance: An efficient payroll management software gives the HR team extra insights into employee performance and profitability through smart, customizable reports.
  10. Data access anytime from anywhere: Cloud-based payroll management services are accessible anytime and anywhere from any device. This reduces infrastructural costs, speeds up task completion, and reduces the procedural delays involved in getting permissions or waiting to log in through personal devices.

Get in touch today to make the switch to EASY GST HRMS Software. Secure & reliable payroll software that can manage other HR related operations too.

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Features of an HRMS Software for your Business or Organizations

Top HRM Software in India for your business. Easy GST HR software helps you improve planning, Management of your business.

The human resource industry has been on a moving, but challenging, journey in the past few years. A dynamic work environment, advanced technology that’s constantly demanding more from an organization and vice versa are just a few signs of its growth.

Companies need to adopt and rely on a HRMS to be on top of their new redefined role. According to a Forbes study, only 13% of organizations have a single HR system and on average companies have 3-4 different HR applications (one for HRMS, another for learning, another for recruiting, for example).

Easy GST – Human resource management software provides one stop HR solution for small and medium size businesses.

HRMS System

  • Improve HR Process: Manage all your employee’s details at one place, enhance employee engagement and keep all documentation online.
  • Attendance Management: Mark Attendance via the web interface or connect to your bio-metric system. Track and manage employee attendance.
  • Leave Management: Configure comprehensive leave policies for different leave types and view leave balance that are accurate and updated at all times.
  • Payroll: Manage payroll with efficiency. Calculate salaries, statutory deductions, loan and bonuses. Generate detailed payroll, compliance and tax reports.
  • Employee Management: Complete employee information at your fingertips. Manage & access all the vital data you need to know about your employee online. Maintain & track information of all your employees.
  • Cloud Payroll: A cloud payroll that connects directly to your accounting software and which you and your employees can trust. Once payroll is run, easy notifies and enables pay slip view and download options for all employees in their logins.
  • TDS and Payroll Compliance: Easy payroll helps you to stay compliant with the latest state / country – specific regulatory laws. Automatic tax computation as per the latest law in your state/country. Add/modify custom tax components for each employee.
  • Employee Self Services: ESS provides employees with access to their personal records and payroll details online anytime saving HR a lot of time which can be invested in other fruitful activities.

Browse our website today for free Human Resource Software.

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What Features to Look for While Getting Payroll & HRMS Software for Your Business?

When you try to pick your company’s HR apps, you can easily get lost in the sea of choices. To pick the appropriate HRMS, bear in mind several requirements that we propose in this article.

HR managers spend 41% of their time running and payroll reports, publishing job descriptions, and screening applicants. Yet they want to concentrate more on the individuals.

HRMS software helps HR practitioners control their staff and automates a variety of human resources activities. You will take many items into account when choosing HR Applications. When you try to pick your company’s HR applications, it’s very easy to get lost in the endless search pages with all the choices, like custom-designed, out of the box, etc. The easiest way to pick the right HRMS is to outline the requirements that you need to bear in mind when evaluating your choices.

So this write-up will cover some of the basic questions you should ask yourself before you accept an HRMS software system. This will give you a better picture of what you need and expect even before using your chosen HRMS.

Point out business-specific needs

Remember, the program you select has to meet the needs of your client. Define every HRMS software problem you want to solve and how this software can support your business. Knowing the specifications of your organization will help you understand better what functionality you need, and you will know exactly what you are looking for.

Reporting HR department

The ability to produce reports is essential for both the HRMS and a successful human resource information system (HRIS).From reporting on employee absences to reporting where most workers are living, to reports on the disposal of new hires, a comprehensive reporting feature can take advantage of your data and save you a lot of time. Ideally, you will have access to a report templates library, as well as the ability to create customized reports from our current and past HR knowledge. You can make earth-shaking improvements in no time, with the right knowledge directly at your disposal.

Time-Saving

Solutions to handle human capital will do many things. HR reporting, task management, and recruiting process handling are some of the essential tasks that an HRMS can cleverly handle in a minimum of time and effort.

Transparency

Employee directory, handbook, properties, code of conduct, rules, and more are tools your employees may want to access regularly. An HRMS operates like a self-service platform to provide them with all the necessary data and resources.

Employee Management

Employee management is the central feature of every HR solution. This feature can help to prepare, recruit, manage, and evaluate human resources within a multinational workforce that encompasses many divisions and locations.

This module may seem like a pure database in entry-level HR management systems for maintaining documents such as employee data (personal and professional), positions, duties, history of jobs, and details of compensation.

Managing Applicants

With the help of applicant management, you have access to a central database to coordinate job openings, and to manage applicant information for those openings. What’s more, having potential employee details in file for future reference makes it much simpler. Both job posting and on boarding, applicant management will run the whole process much smoother.

The five HRMS software features mentioned above are a must-have for your chosen online HR applications. The software can easily reduce the amount of time it takes to handle HR data, which, in turn, enables you to optimize productivity. With all the boring and time-consuming activities automated, you can finally get your mind back to the reason you first went into HR: helping people.

Customization & Integration Capabilities

HRMS software allows a number of tasks to be performed all in one place. There is also a need to pull data from other structures such as payroll and accounting to make this possible. Ensure that the HR program can be incorporated with these systems. Customizing HRMS software may be a key factor in your decision because there is no one-size-fits-all approach for all teams and businesses.

Increasing profitability by encouraging the team to complete its tasks and perform real-time staffing changes. No concerns about downloading new applications and systems. It’s in the cloud, so no big capital expense to servers and applications. You simply deploy the platform and get your software to work for you. So the bottom line is you can opt for a ready-made solution if you need an HR device to match your usual needs. However, if you need unique or complex HRMS applications, then the best option is possibly a custom-built solution.

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Best Payroll Software for small businesses

Best Payroll Software for small businesses

At times when you need to get the best work done, you might need to search for employees that are ready to work online from their homes or places that are far away from your offices. This can be feasible for your business in case you have a good payroll support present for your business. A good thing to know is that there is some software available that specialize in handling your payments along with the tax filings according to the regional taxes. Thus this investment in payroll software seems to be effective and worth its cost.

According to surveys, almost one-third of the companies in the US are spending over 6 hours to accomplish payroll tasks instead of taking external help. Being the most tedious aspect of business management, payroll must be administered externally so that companies can focus on other aspects of the work. Many companies are paying IRS penalties because they often tackle up with small mistakes, to avoid these common mistakes it is good to take expert advice or hiring payroll firms so that things go smoothly within your business. A wide variety of tasks related to payroll can be automated using the existing accounting AI, thus it has made it feasible in doing it in recent times.

Thus, considering so many reasons many business advisers as well as experts, recommend you get payroll services, even when the strength of your company turns out to be one currently. The reason is that with an increasing number of employees, it becomes more complex to manage directly. Thus, having software of this kind, automation of the process becomes simplified. From the filing of taxes, producing paychecks, deducing computing, and benefitting employees, it all becomes easier.

So, to help you out without any further delay, we have selected some out of the best payroll software that can provide you with a solution that you need. They provide some basic plans that require manual operation in many cases, so we are excluding them so that it becomes easier for you to focus on your business. So, here is a list of the best payroll software providers:

Gusto:

Formerly named as ZenPayroll, Gusto offers an array of features to help automate payroll. The most important of them all being the self-onboarding feature provided to save time. Each new employee just logs in their information so that they can get their salary deposits directly into their bank accounts. The reporting of each hire is automated and emails regarding salary are emailed to the employees. Gusto offers free direct deposits of taxes, another thing that is good about Gusto is that this software can integrate directly to other accounting software like FreshBooks, Xero, or QuickBooks. It has a capacity to serve businesses of size ranging from 1 to 100. The good part is that they offer a free month trial so that you are ensured about its compatibility before any commitment.

  • Pros:

Self-onboarding of employees, automated tax payments, easy integration with accounting software, free one month trial.

  • Cons:

Expensive in case of businesses having more than 10 employees.

Intuit QuickBooks:

Intuit QuickBooks Payroll may be a good choice when it comes to boarding of a higher number of employees. They offer full-service options, which is why the cost of using it may turn out to be expensive if the employees are less than 10, however, it gradually decreases with an increasing number of employees. Also, if you already use QuickBooks accounting software than integrating this would become much much easier and feasible. They can take care of all the tax filing and they guarantee no mistakes with payments. Another good thing is that they too offer you a month free trial so that you can comfortably understand the working and decide whether to continue the service or not.

  • Pros:

Expert teams help in filing tax and setting up, easy integration with existing QuickBooks software, automated filing, free one month trial.

  • Cons:

Expensive for business having employees less than 10.

OnPay:

OnPay is one of the cost-effective payroll services. They offer low-cost services to businesses having up to 10 employees. They do timely tax filings, automatic payrolls and much more effectively. OnPay works on a cloud-based platform, thus enabling you to manage your payroll through an IoT device like smartphone, laptop or desktop at any location through the internet. Their support services include email, live chat, and phone. However, the cost of paying your employees via direct deposits is not included in their basic plans, and they charge additionally for W-2 forms that are printed and mailed at the end of the year.

  • Pros:

It is very cost-effective, works on any IoT device through an active internet connection, free one month trial.

  • Cons:

Costs and additional 8 dollars each month to get access to direct deposit services.

Easy Gst:

Easy Accountax is a fully-integrated payroll system for small businesses as well as the accountants that make it easy to work across different modules. It has been considered as one of the outstanding payroll systems that offer advantages in terms of time, cost, accuracy and organizational size

  • Pros:

Self-onboarding of employees, automated tax payments, easy integration with accounting software, free one month trial.

  • Cons:

Expensive for business having employees less than 10.

Patriot Software:

For small-sized businesses with employees up to 100, Patriot Software can turn out to be an affordable payroll solution. It is fare enough to save up on payrolls because of the working nature of the company. They provide free setup and support over the phone, direct deposits, print cheques, automated tax filings, and much more. On a good side, they offer a free first month trial along with setup and support. However, they do not support payments for vendors or contractors.

  • Pros:

It is a very cost-effective, free setup and support, free one month trial.

  • Cons:

Costs an additional 7.50 dollars each month to pay vendors and contractors.

SurePayroll:

SurePayroll works well for small-sized businesses with employees fewer than 10, but the reason for which they are integrated into the system is that they offer one of the fastest enrollment services. They provide automated filing of taxes, make enrollment possible in just 10 to 15 minutes. The processing of payroll occurs in less than 5 business days. They can process your year-end filings of W-2 and 1099 forms for an additional cost if you want them to do it. SurePayroll does not believe in providing a free trial, however, refund the 6 months fee of 100 dollars in case they are able to satisfy you through their service.

  • Pros:

It is one of the fastest enrollment services available, takes only 10 to 15 minutes to enroll.

  • Cons:

No free trial, coss extra for year-end company filings, 1099 and W-2 forms.

Concluding the search for the best payroll software, we have shortened out the list to five. We hope that it helps you out in deciding which one of them is going to be the best for your business. As an entrepreneur, saving money by getting one of the cheapest products is sometimes not an option. Instead, opting for the best product for the given requirements works better. It is best if you are choosing a platform that would be able to handle all your unique processes and the changing needs of your business as it grows. A lot of options are available in the market, taking some time to research the right product and then making a choice would be the best method to progress. So, to begin, just pen down a list of requirements of your business and then go for a search for the best payroll software available.

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Top Accounting Trends 2019 You Must Know About

Easy GST - Best Cloud Accounting Software Online

The technology has been influencing every sector of the economy and society. With the advancement in technology, new ways have been discovered to handle things. The accounting sector has also seen an upsurging change in the methods of accounting trying to increase the overall efficiency and the standards.

The new age of accounting experts must grasp innovation and adjust to the accounting patterns that are disrupting the long-held prescribed procedures. The new accounting patterns would help accounting and tax assessment firms to achieve new degrees of progress along these lines empowering them to work in a lot quicker and more brilliant way.

These accounting patterns are examined thus beneath.

AUTOMATION

The labor-intensive tasks like audits, payroll and banking will be completely computerized – a pattern that is viewed as the best chance. Artificial intelligence will give a really improve access to a scope of close ongoing data from a more noteworthy number of sources. The artificial intelligence will not wipe out human intelligence, it is meant to facilitate human. Innovation will give us access to better information; however, accountants are the ones who’ll need to apply this data to this present reality to give urgent business bits of knowledge and insight.

Computers can’t supplant the interpretive limit of the human mind. It’s likewise really difficult to teach a machine good judgment. While calculations will keep on getting all the more dominant and productive at arranging enormous information, computers are just extraordinary transactional machines.

THE POWER OF CLOUD

Cloud accounting and software-as-a-service (SaaS) applications and the capacity to get to monetary information from internet empowered gadget have led to virtualization being the new standard.

The developing environment of uses that incorporates accounting platforms has likewise demonstrated to be proficient by interfacing and streamlining back-office forms for a wide scope of organizations and ventures.

The development of cloud computing is revolutionary in itself with accounting firms utilizing the intensity of cloud computing for the majority of their accounting needs. Increasingly accounting firms are utilizing programming and administrations that are put away on an immense system of remote servers rather than on PCs.

Most of driving cloud arrangements firms are putting forth upgraded security, quality control, and information recuperation choices as software-as-a-service (SaaS) applications empowering the accounting firms to get to money related information from any Internet-empowered gadgets.

OUTSOURCING

One of the greatest patterns in accounting is outsourcing fund and accounting administrations. Outsourcing accounting administrations can enable organizations to chop down expenses, and furthermore lessen the danger of misrepresentation and give access to the administrations of devoted experts in the field.

Outsourcing accounting above all empowers organizations to center around their essential business as opposed to building an accounting office. Furthermore, outsourcing offers a number of benefits like providing access to a group of specialists in accounting, access to top frameworks, sufficient opportunity to concentrate on development and extension of the business, unlimited authority over business accounts, etc.

COLLABORATIVE ACCOUNTING

Collaborative accounting is the eventual fate of accounting. It doesn’t really happen just among customers and CPAs, it applies to plenty of services which are accessible today. Thus it is not just in the software and technological advancements that accounting has seen a trend but also in the sphere of working in collaboration with the clients.

MILLENIAL CLIENT EXPERIENCE

Accountants will have to manage a simply new program of customers who incline toward more straightforwardness, liveliness, and a customized methodology as the coming decade is the time of the twenty to thirty-year-olds as entrepreneurs and bookkeepers should move past customary accounting techniques and methodologies. These customers request legitimate direction as well as anticipate that accounting firms should be paperless and innovation smart that is conceivable with the cloud switch.

DIY SOFTWARE

The accounting and assessment programming firms would dispatch different applications and arrangements as Quick Books Assistance in 2019 and would improve the customer interface, particularly for little and medium estimated ventures. One of the accounting patterns that will rule in 2019 is the acknowledgment of DIY programming by the accounting club for example, facilitated Quick Books programming, and other independently employed applications.

FIXED PRICING

With computerization getting to be ordinary, the idea of hourly charging will be a relic of past times and most business firms would change to a fixed evaluating model that would profit bookkeepers and customers as it would underscore the estimation of administrations being given by firms. For providing advisory services fixed evaluating model would be progressively favorable.

SOCIAL MEDIA STRATEGY

Utilizing social media for accounting is additionally picking up fame this year as entrepreneurs are ending up increasingly dynamic via web-based networking media. Most organizations utilize social media to make a presence for their business on the web and contact a more extensive group of spectators. This pattern in accounting isn’t only advantageous for accounting firms yet additionally for the customers who can accumulate data themselves, which gives clearness with regards to picking the services given by an accounting firm. There are numerous advantages of utilizing online life for accounting, they incorporate no expense on utilization, and they facilitate the expanded business presentation and permeability, expanded site traffic, giving knowledge in areas of accounting expertise, speaking with a large number of individuals.

PROACTIVE ACCOUNTING

Accounting capacity, for the most part, used to be responsive in nature, e.g., it records and records for exchanges that are past. This is evolving now. Because of numerous variables, for example, advancing plans of action, guidelines, expanding job of bookkeeping in settling on business choices the 2019 pattern is for the bookkeeping capacity to play an increasingly proactive job in understanding the potential ramifications of any critical business activity, including assessment sway. This enables organizations to run proficiently, without spending critical assets to fix accounting blunders or to comprehend and represent new business activities.

MOBILE ACCOUNTING

With the rise of cloud computing, and predominance and adequacy of electronic documentation instead of customary paper-based vouchers, solicitations or receipts, accountants are currently progressively increasingly becoming mobile. They can work remotely and there are right now many group sharing instruments to upgrade remote work.

 

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Top 10 Payroll Software for Small Businesses

Top 10 Payroll Software

Owning a business is amazing, but it also comes with some of the most common challenges. The biggest problem that will face while managing a business is dealing with payrolls as employees grow with business expansion. Everyone wants to grow their business, but it also comes with a higher number of employees and the responsibility of their payrolls. With a number of people working for you, it is almost impossible and tiresome to manage their leaves, attendance, deductions, expenses, and reimbursement claims manually. This makes them the integration of payroll software an essential need to run your business effectively and without any worries.

Here is a list of the Best 10 payroll software available for SMB’s in India

1. Keka

Keka is among the leading HR and Payroll software in India that is not only employee-centric but also comes with a user-friendly interface. The software offers a wide variety of solutions to the business owners varying from managing the employee details, attendance, salaries, and other things. Keka also comes with additional features to offer a more suitable environment where employees and the management can streamline their works and professional matters.

2. SumHR Payroll Software

SumHR payroll software is a solution for a hassle and struggles you go through while managing your employees’ payroll. The software takes care of the complex payroll processes and other HR activities. With the integration of this payroll software, you can easily store your employee’s detail, manage their salaries, and keep a track on their professional behavior. This is among the best payroll software available in the market yet comes at an affordable price for the small business owners.

3. Beehive

Beehive is the most dedicated and professional online HRMS platform that you can get at a decent price. The software takes care of the entire lifecycle of an employee’s starting from the job application until receiving. Beehive stores all the employees’ details on cloud storage and helps the HR team to manage payroll, leaves, reimbursement claims and other employee-related tasks easily. The software offers a robust environment with an endless number of features to keep the system error-free.

4. EasyGST

EasyGST is one of the top picks for us today, the software is known for its user-friendly interface and employee-centric approach. The software helps small business with an increasing number of employees. EasyGST comes with a natural environment offering all the features including tracking employee’s attendance, salary deductions, acquired additional leaves, TDS, PF consultations and much more. Moreover, the EasyGST payroll software also provides a reliable platform for the employees to submit and receive their leaves leave approval.

5. ADP Vista

ADP Vista is one of the most advanced HR management and payroll software that is capable of handling complex data handling for a small to medium businesses. The HRMS platform is customized according to the company’s needs and requirements to perform efficiently. Moreover, the business over can access the details of each and every employee in real time.

6. Zing HR

Zing HR payroll software is among the few software that is simply basic and yet simplifies your hectic workload. The digital software platform helps you in getting rid of the pile of files require to store every employee’s detail Along with this the software also tracks the employees’ attendance, leaves, working hours and calculates the monthly salary with deduction. The software is also capable of dealing with TDS, tax, PF and ESI deductions to provide an overall payroll solution.

7. GreytHR

With its 20 years of experience the company behind GreytHR as delivered the most affordable HRMS platform for the SMB’s, The software comes with all the functionalities that small business may require to take care of the employees and their payroll. The thousands of genuine reviews and customers feedbacks made GreytHR one of the most selling payroll software in India.

8. Pocket HRMS

Pocket HRMS is not just payroll software, but it is a next level HRMS platform that has so much to offer. The software comes with an intuitive interface equipped with several features to manage the payroll system of the company. Besides, it provides formula-based learning and deductions along with the features like user-defined reports, real-time analytics, and intelligent time tracking.

9. People Apex

When it comes to offering multiple functionalities with advanced features in a single platform, we cannot ignore People Apex. It is one of the most trusted and globally acclaimed HR /payroll software for businesses. The software offers advanced options like multiple currency payroll handling, payroll calendars, creating and managing payroll times and storing all the details of the employees at a single place.

10. Saral PayPack

Saral Paypack helps the business owners to get rid of the payroll troubles, so they can put their 100% efforts to the business strategies. The online payroll software not only streamlines payroll management but also provides additional perks to the employees. Saral PayPack offers a wide range of the options like leave applying application, punching time (in & out), attendance calendar, year-holiday calendar, salary slips and much more.

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Best Useful Tips for Selecting the Right HR Software

HR Software

HR is one of the most crucial functions within any kind of business as they need to take care of employees’ welfare. It a time-consuming for HR managers to manage everyone in scope and size of the company. Whether you run a start-up or a large brand with hundreds of employees, it’s important to never underestimate the importance of human resources for the growth of your business.

What is HR Software?

HR Software helps to manage employee information and HR related tasks can be considered HR software. The software system can manage people, automate manual tasks and keep information orderly. It saves a lot of labour time for managers and HR staff through automation along with this it also assists with HR processes which allow improved planning, budget management and decision making.

How to build effective HR Software?

  • Step 1: Automate

Automate your workflows to streamline the routine activities of your HR professionals so that they can focus on more important issues.

  • Step 2: Integrate

Integrate all HR related processes and systems into one consolidated platform which will be a single of all HR data

  • Step 3: Engage

Focus on your company culture and engagement to deliver digital HR experiences that help your staff improve their skills and collaborate.

  • Step 4: Perform

Continuously develop your HR environment, optimize productivity and ensure that performance management is done in a positive manner.

What are the key benefits of HR Software?

Better Security

Digital record-keeping always offers improved security. Your employee data will be secured like their address, contact number and social security number. One might have faced that paper filling can be misplaced, destroyed or stolen and there are other issues which come with paper filling. Hence, human resources computer software ensures that your employee’s record and personal data are completely secured.

Human error

People make mistakes like losing a piece of paper, miscalculating a percentage, or overlooking required data. HR software inherently unable to make these mistakes and so if the entered data is correct, then the information or results it provides cannot be wrong.

Impose Compliance

With HR software you can monitor that all your employees including low-level employees and management are following your company rules and procedures. So this will prevent mistakes, disagreements, harassment, and other issues that could cost your company money.

Boost Productivity

A payroll and record-keeping software will increase their productivity by allowing them to spend less time filing paperwork and more time making sure everything is running smoothly. They can ensure payroll is sent out promptly, handle HR issues speedily, and focus on more important human resources tasks – such as employee training and hiring.

Reduce business costs

HR Software helps you in the number of ways to reduce administrative costs. The software lets you Improve efficiency and productivity which is a way to save money in its own right, investing in a system may well negate the need to hire another HR administrator and the costs related like recruitment fees, benefits, salary etc. A good HR software will allow your HR professional to comfortably manage the data of anywhere from 150 to 200 staff.

Improved tracking of employee data

An effective HR department will always track and analysis data like monitoring absence, gender pay gap statistics, company property costs and many other areas of the business. With automated HR software, all of this data will become instantly easier to access, update and interrogate. Online data storage, tracking and accessibility will let you share your information easily and securely

Which Industries Can Benefit Most from HR Software?

A business with a huge staff should be using some type of software for dealing with payroll and employee records. A company with limited office space may also want to think about switching to a detailed human resources system. By taking care of the majority of your record-keeping on a secure computer, you can reduce storage cabinets and paper filing.

Companies and businesses which do a lot of hiring, especially seasonal hiring, will absolutely find software more useful to automate HR tasks. A software makes their work little easier and it also saves their time which they can devote more of their attention to ensuring they hire the best candidates for the job and see that they receive the right training.

For any business, HR is a major part but sometimes managers neglect the pressure the HR department deals with. By using a reliable HR payroll system, you can enhance the productivity of your business.

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Best Payroll Management Software for business to operate smoothly in 2019!

Easy Payroll Systems

Running a successful business has always been an extreme challenge for business owners. There are many things they need to take into serious consideration to thrive in the highly competitive market. We are aware that not everyone has what it takes to have complete control over all the aspects that make a business successful, and that is especially true for small and medium businesses.

The Payroll Management System lets you take your human resources management to a higher level. Even the top payroll providers in India understand the need for an error-free payroll management activity. With the wide range of services, your business can enjoy a payroll process which is timely and accurate.

So, let us first have a look at some basic advantages a Payroll management software offers:

  • Employee Calendar: A payroll software generally offers employee calendars. It helps you in smoothly managing sick leave, absences. and overtime.
  • Cost Effective: Saves a lot of man hours and money in handling HR accounting.
  • Tax Updates: Helps you in managing tax and compliance like PF, ESI etc.
  • Generate Payslips: You can generate payslips in an automatic manner.
  • Ensure Security: Payroll software adds security to your organization. As the data remains with you, third-party intervention is not needed.

Easy Payroll Processing India

Below we have mentioned some of the best payroll management software in India.

  • MARG ERP 9+ – Payroll Software

Marg Payroll Software has a user-friendly interface. As you can easily integrate it with a biometric machine. And then it will keep the track & maintenance of all the information on salary transfer. This system is fully expertise in managing all the systems like Human Resource Management system, Employee Payroll Management System, Employee Compliances Management System etc.

  • Keka – Payroll Software

Keka is an employee experience platform. The only HR & Payroll solution which is employee centric. Unlike traditional payroll management system, Keka is a modern new generation platform focused on user experience and simplifying complex workflows. You can manage your employees and assign tasks to them from any place in the world and with any device.

  • Beehive – Payroll software

Beehive’s HRMS, a complete web-based payroll management software covering the entire life cycle of an employee from recruitment to resignation or retirement. The system is developed by Beehive Software Services Pvt. Ltd. It is the most comprehensive HR and Payroll management system solution. It takes care of workflow-based leave management platform which enables employees to submit their leave applications and managers to approve it with workflow notifications. It also integrates time details to obtain more accuracy even as managing the leave and payouts.

  • ADP Vista – Payroll Software

ADP Vista HCM SM is designed to handle complex types of business. The system is developed by Automatic Data Processing Inc. When the HR software is customized to your business requirements, then you can process payroll and the associated compliances such as TDS, PF and ESI deductions with a single click.

  • Easy Accountax – Payroll Software

Irrespective of business size or industry Easy Accountax is one of the most preferred software. It automates major areas of HR, payroll management, leave, and attendance tracking. With many satisfied customers across the globe, it manages to leverage powerful features like employee management, payroll services on the cloud, time & attendance management, TDS and payroll compliance, employee self-service (ESS), and more.

With built-in timesheets, auto synchronization with biometric devices, high data security, e-payslips, according to us, Easy is the one-stop solution for business to manage their payroll smoothly and efficiently.

Payroll management software can provide forecasts; you can use these to plan staff costs and budgets by entering hypothetical numbers to see the exact total cost of an employee. Choose your payroll software that fulfils your requirements.

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Managing Payroll with a single click

For any business, cost management is the topmost priority and manpower cost is considered to be the highest in comparison to other costs and expenses. Thus, it becomes mandatory to check and control this cost. In relation to cost management, there is an ever-increasing demand for software solutions to ensure more productivity and justified return on investment. Payroll software programs are the right answer. Payroll software’s are specifically designed to manage anything and everything for an organization pertaining to payroll and tax filing.

payroll management software

Based on the needs and requirements of the organisation’s payroll systems are available with various options. They are designed based on hourly pay, daily pay, weekly, quarterly and monthly pay. The available systems are made to make the work easy and accurate. Payroll systems are a cost-effective way to manage and process salaries, bonuses and tax deductions.

Good Payroll software is one that is easy to manage and the one that avails us with various reports related to all the factors related to the calculation of salary of an employee. It includes keeping track of hours worked, calculation of wages, and deduction of taxes, managing allowances and printing of pay slips.

How payroll system increases efficiency

Automation reduces manual labour and increases accuracy

Times have gone when accountants used to go through attendance registers every month to calculate salaries. It used to be a daunting task to repeat the same process manually as it was the time-consuming and exhaustive procedure. With the payroll system, you just have to enter the details once into the system and it does the rest and that too without errors. The system is perfect for saving time and labour. With growing cloud technology, even the employees can check their details online from any part of the world. Details like leave entitlement, salary calculation, deductions, benefits and bonus are made available through the software.

Attendance Management

Payroll is all about managing employees’ time of presence, in other words, hours worked by the employee. Payroll software is incorporated with biometric machines to have an exact record of timekeeping for all the employees. It provides an exact clock in and out time, on which the operation of the whole software is based. The software calculates salaries automatically based on the input given; hence, no manual entries are required. The chances of human error are also drastically decreased.

Saves Time and resources

Accounting and finance have many categories, as there are many government departments involved. Hence, it becomes difficult to find an employee who possesses the knowledge to deal with the entire concerned department. However, payroll software does everything for you; it comes with predefined processes and formulas making the task easy and quick.

Payroll software’s are available with many options to suit your specific needs. This software can be accessed from any location and the employees can use it through their smartphones by downloading the required app. The system not only improves efficiency but also makes the whole process transparent.