How to Choose the Best Payroll Software in India?

Payroll is also an essential function in any business, which is why it is important that it is executed with minimal error. For human resources and finance teams of small and medium enterprises in India, it takes a lot of time to be able to process payroll every month. Most companies do this manually, which makes it more time consuming and prone to errors. At times, a fast and efficient payroll is one that can separate successful companies from the average.

The following criteria might be helpful in choosing the right software.

User Experience

The user experience is one of the most important elements to consider buying any software. The largest of all businesses are those who provide applications and services used by any person with any background. Any software that makes your employees feel comfortable and easy to use will be an unsuccessful experiment. This is a common one and most of the time happens with HR software. Giving employees a positive user experience will reward the brand with their trust and long-term business. This number should be a priority.

Cloud-Based

Like all other modern human resources software, payroll should also be cloud-based. The desktop-based software has built-in limitations within itself and they cannot compete with the benefits that a software-based provider can provide. The future is completely changing from spreadsheet-based payroll to go online for all requirements. A cloud-based payroll system comes with advantages such as anytime anywhere access, ease of use, employee collaboration and higher efficiency.

Attendance & Time Integration

Choose a payroll software solution that automatically integrates with your time and attendance management data so that payroll distribution becomes an automated and quick process. Payroll software needs to be overcome by enabling easy possession of employees’ entry and exit times. The software should be such that the captured presence data can be easily integrated into payroll for easier operation.

Security

Security is one of the major problems facing the cloud community, and recently, with the threat of hacking in the system all over the world, it becomes all the more important. Payroll contains sensitive employee data that needs to be protected at any cost. Unfortunately, not many businesses in India see security as a top concern. Data needs to be encrypted at the database level, which might come at a cost, effort, and technical depth. This is why most Indian companies ignore this part while purchasing the software.

Compliant With Legal Requirements

It is of utmost importance because any federal law and tax compliance can be levied on companies to a large extent! The legal compliance required for payroll management software in India is the minimum wage, TDS deduction, ESI find, PF deduction, gratuity, EDLI and more. Each of them needs special attention. This complexity that brings with Indian payroll can be reduced by automating tax filing through payroll software.

If you are looking for payroll software, check thoroughly what the software solution has to offer you. Lastly, make sure that you take a decision based on the software’s features and not only its brand.