Best Cloud Based Payroll Software
Payroll software helps organizations to improvise and automate their salary process of their employees. The software is specially designed to give you error-free payroll calculation and deposit the payment to employees’ respective bank accounts with minimum human intervention. As the software calls minimum intervention, it helps the organization to focus on more business-specific tasks.
Not only error-free, but this software helps you adhere to the statutory compliance that benefits both employee and the employer and which is crucially important for any organization. While ensuring full compliance, the software helps you provide payroll-related benefits to the employee, thus empowering them to grow.
We offer you with all modules to cover your entire payroll cycle.
- Staff Management
- Payroll Management
- Attendance & Leave
- Travel & Expense Management
- Performance Management
- Mobile Application
List of companies that use our payroll solution
Our payroll software solution is being used across India by various reputed companies extensively.
Trusted by all size of businesses
Companies across India
growing their business with factoHR
Senior GM (Head-HR) at BSE
“Mahendra Tawde who is the Senior GM(Head HR) at BSE appreciated the knowledge of FactoHR team and our domain expertise. Also, he said BSE is extremely satisfied with our professional services and the flexibility to meet their specific payroll needs. He wished us the best in this area and strongly recommended factoHR to all of our future prospective clients.”
Modules We Provide
Our software contains all the necessary modules that you require to manage efficiently.
Why Choose Payroll Software from Us?
Our payroll software is trusted by one million users across different companies as we are the leading solution provider helping to streamline all essential processing tasks.
When you onboard the employees in a right way, they will engage and ensure their best performance which will be possible through self-onboarding module of factoHR.
Easy to learn, easy to use onboarding module allows your employees to have the stellar first day as no paperwork is included.
A clear procedure for self induction of the new employee to make aware regarding the company policies.
An efficient way to manage document efficiently & secure accessibility of the employee documents
Easy management of all the company assets which are allocated to an employee.
Human Resource Management
Automate your HR department by simplified yet configurable Payroll and HR with Our Software.
Manage your resources by cutting down HR department’s cost and reducing the workforce.
You can manage organizational hierarchies, personalized dashboards, forms and N number of HRIS reports.
Focus On Core
Implementing our automated software will allow you to focus on core tasks rather than on manual or unproductive tasks.
Allowing options of configuring each and every policy to align with your company’s working.
Make Payroll Simple
We provide everything for a need to manage and empower the company to grow within a few clicks and makes payroll process pleasant.
Our software is fully integrated with onboarding, leave, attendance, travel expenses, performance, etc.
factoHR’s allows unlimited pay heads and parameters to calculate salary, loan, bonus, overtime, variable or fix pay based on performance and all statutory compliance.
You can configure the world’s most complex payroll to a simplified one by implementing factoHR.
Automated system to calculate all the statutory compliance like TA, DA and other taxes.
Real time tracking
Our software allows you to track real-time attendance data of your employees’ attendance captured through biometric, mobile or Geo-punch.
You can manage multiple shifts, week offs, over time calculations by defining attendance policy as per your company’s norms.
Our attendance management system provides integration of any attendance device with the payroll module to eliminate payroll errors.
Avoid Time Theft
Trace any kind of time theft which is affecting your company’s work culture and take steps accordingly.
Allowing you to track all your workers multiple shifts with our software for an efficient time record.
You can set various review cycle where you can review their performance on daily, monthly, quarterly, half-yearly and annually basis.
Reliable & Easy
Every user wants an easy interface on which he can rely for HR related applications and access information.
Mobility & Availability
Mobile devices always features integrity, as well as the availability of data anytime anywhere, helps in moving your organization ahead.
Apply for leave, attendance, travel expenses, reimbursement claims, etc. and get approvals online.
Evolution from traditional approach saves time and give us a platform to communicate & provide solutions for betterment.
Access payslips, leave balance, attendance regularization, the status of application and income tax statement – anytime, anywhere.
You can define multi-level approval workflow effortlessly to have correct data of leave transactions.
Leave calendar provides you with a quick view of received leave applications.
Auto calculations of leave balance and leave encashment.
Mobile application and efficient approval work-flow will allow fast execution & efficient leave management.
Travel Expense Management
You can manage multi-level approval workflow process efficiently with our custom payroll software.
Tracking & Reporting
Travel-friendly solution makes work for Accountants, HR and employees less tedious as management of travel expenses is made easier through geo-tracking and smart receipts.
On the go application for reimbursement allows the process of settlement to be fast and transparent.
Digital receipts approach through OCR allows avoiding hectic paper management & provide better solution.
Frequently Asked Questions on Payroll Software
How does payroll software work?
Dedicated to alleviating the load of the paying employees and missing deadlines in finding various components and employee data, Payroll solution helps streamline the payout of the company. The system calculates the earning and deduction components based on the prerequisites setup like attendance, timesheet, travel, and taxes of an employee. The system itself keeps track of the employees’ worked hours, withholding taxes, calculating payment, generating the payslips, and contributing to the government employment taxes.
Without the mess of organizing these data into the excel sheet and calculating it manually, an integrated salary system will combine the data on its own and process the salary through the system with a click whenever the pay date is. Moreover, it keeps a record of the wages calculated and transferred for future audit purposes.
What features does payroll software offer?
There are hundreds of solutions giving a variety of features. An ideal system to purchase that goes well for all the business types should have the following features:
- Customization according to the company
- Scalability when the company expands
- Connected banking for direct salary transfer through the system
- Increased security to the data
- Tax deduction compliant with the statutory laws
- Inbuild generation of the reports and payslips
- Automatics record-keeping for accounting purposes
What are the advantages of using cloud based payroll software?
Compared to the conventional methods, the payroll solution reduces the mistakes often caused in the whisk of processing salary. Here are the significant benefits of using such Software.
While gathering the information and listing it down in the sheets can be time-consuming, the integrated feature of the solution with a timesheet and attendance will perform the same task very quickly, thus saving a lot of time for essential operations.
- Avoid Errors
As the system takes over the whole task of distributing salary to the employees, humans’ need in calculation gradually cuts down. The more prominent mistakes with the human intervention that cost more than the budget were reduced significantly.
Though for a startup, employing such software may go over budget, choosing automated solutions over the common mistakes is beneficial, looking for a longer run.
- Secured environment
Managing the employees’ salary with software in the house reduces the chances of sharing their sensitive information with outsourcers. Moreover, some of the systems also offer IT security.
- Compliance Management
HR can now be relieved from the constant stress of managing the wages and tax compliances related as the payroll system itself checks on the statutory norms as updated into the system.
- Cloud-Based Support
It is not simple to access the system from a remote location as the cloud-based solution enables businesses to manage and accomplish repetitive salary calculation tasks.
- Mobile Integration Support
As the popularity of smartphones is rising; the companies also appreciate mobile app integration support to make their tasks easier. The mobile integration can be accessed directly from any remote location and is compatible with various operating system environments like Android and iOS.
Businesses on what scale can use an online payroll solution?
Whatever the business’s scale is, whether small, medium, or large, using Payroll software can actually reduce the workload of the HR. Though for startups, the purchase may go over budget. But for the longer run, leveraging system benefits can save more time for all the business scales.
How much does the payroll software cost?
The software vendors configure the pricing based on the number of employees along with a final base price considering all the features. The average cost of the solution’s base price is around 2999 ₹ per month, with an additional fee of 20 ₹ per employee per month.