Top Payroll Management Software in India For Small Business

Looking for the best payroll software for your business? If yes, read this article to know more about the top payroll software preferred by most business owners.

Timely and organized payment to employees is critical for the growth and success of an organization. Managing workforce’s compensation sometimes become difficult for business owners. Payroll management software here plays a big role in ensuring smooth processing and payment of employees. Payroll management software offers several advantages to businesses in managing payroll for employees.

Read: Best Accounting Software for Small Businesses

Here in this article, we provide a list of the top most popular payroll software in random order for your ready reference.

List of Top 10 Payroll Software in India

1. MARG ERP 9+

marg Payroll softwareMarg 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 the 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.

2. Keka 

keka Payroll software

Keka is an employee experience platform. The only HR & Payroll solution that 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.

3. HRMTREAD 

hrmthread software

HRMThread payroll management software is promoted by Sensys Technologies. The company was launched in the year 2004. Sensys Technologies is a customer-driven IT Company offering systems integration solutions in the Indian market.

Sensys Technologies has completed 10 years of IT operations and the company has achieved high organic growth over the last nine years.

4. Beehive 

beehive

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.

Beehive offers a robust, rule and 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 get more accuracy while managing the leave and payouts.

5. ADP Vista

adp vista

ADP Vista HCM SM is designed to handle complexities of all types of business. The system is developed by Automatic Data Processing Inc.

Once the hr software is customized to your business requirements, you can process payroll and the associated compliances such as TDS, PF and ESI deductions with a single click.

6. GreytHR 

greythr

Greytip Software is a people management software. The company is serving SME customers. With more than 20 years of industry experience, the company deeply understand the HR and payroll domain.

Unlike other companies, GreytHR is a highly focused business and do nothing else. Due to this and the continuous feedback from thousands of customers, the solutions end up being user-friendly and highly relevant to your needs.

7. Tally.ERP9

tally erp9Tally.ERP 9 is one of the most popular business accounting software for accounting, inventory, payroll in India.  Payroll in Tally.ERP 9 deals with managing the salaries of your employees and related statutory norms & processes. You can generate & email payslips to all employees instantly.

Therefore, no need for exporting, attaching and sending it to each employee separately. In addition to this, you can Generate payroll related reports such as EPF, ESI, Professional Tax, etc. at the click of a button.

8. GoForHR 

goforhr

GoForHR is a cloud initiative of Tamba Solutions to address and fulfill the need of a growing organization. It has a robust workflow available on web environment that allows the user to access from anywhere and even with Handheld.

Employees Self Services – Employee Database, Recruitment, Attendance, Leave Management, Appraisal System, Expense Claim, Payroll, and many interactive features. It is a web-based application reduces technical management and update time on time.

9. Saral PayPack 

saral paycheck

Saral PayPack offers you a comprehensive payroll solution for all your needs. It is a one-stop destination for your search as it possesses the most sought requirements of payroll management system software. This is the right choice for automating your payroll.

Saral PayPack also provides multi-stage security architecture, supporting the user to secure at File Level, Software Level, and Feature Level. Every Screens and Option can be defined as user wise to provide limited access to Co-Users.

10. SmartHR 

smarthr

SmartHR is more of a solution to all activities performed by the Human Resource department.

It consists of a range of functionalities covering the entire gamut of daily as well as dependent activities performed by the HR department.

Advantages of Having Payroll Software

A business owner interested in the growth of his/ her company must invest in payroll software. This is because payroll software will surely save time, stress, and indeed money. Money because manual calculation sometimes makes costly mistakes and thereby draining out hard earned money for the company.

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

  • Employee Calendar: 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.

As payroll management systems 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 fulfills the unique need of your business.