Payroll Software

What is Payroll Management Software ?

Payroll software automates the process of paying salaried, hourly and contingent employees. Vendors of human resources technology and specialized payroll companies often sell payroll software as a stand-alone system. Payroll software is increasingly a central component of integrated, multifunctional human capital management  systems. Compared to paper-based systems, payroll software significantly speeds the payroll process while reducing errors and enabling managers to more easily customize paychecks for individual employees.

Product Features

AUTO SYNC WITH BIOMETRIC DEVICES

The payroll system auto syncs with your biometric devices and captures attendance, overtime, and leaves in real time for payroll workings.

CHEQUE PRINTING

Provision to print the Cheque for easy salary payments mode of Cheque.

AUTO GENERATED SALARY SLIPS

Once you confirm payroll, salary slips are automatically generated in payroll system and employees can view them from mobile app.

PROVIDENT FUND

Make accurate PF payments with PF electronic challan cum return (ECR) auto generated from Pay books software

READY BANK STATEMENTS AT EASE

Pay salaries and expense reimbursements to your employees using the ready to upload statements specified by your bank with ease in quick time

DIGITALLY SIGNED FORM 16

Generate digitally signed Form 16 and enable download for employees in their self-service portal .

Pricing of the Software

REGULAR PLAN

₹1000/monthly

₹800/annually

(Up to 20 employees)

+

₹800/monthly

₹600/annually

(Above 20 employess)

PREMIUM PLAN

₹1200/monthly

₹1000/annually

(Up to 20 employees)

+

₹1000/monthly

₹800/annually

(Above 20 employees)

 

 

Payroll

 Regular Plan

 Premium Plan

1

Payroll Processing

Include

Include

2

Direct Salary Payment

Include

Include

3

Leave & Expense

Include

Include

4

Loans & Advances

Include

Include

5

Salary Increment

Include

Include

6

Bank Statement

Include

Include

7

Payroll MIS Reports

Include

Include

 

2. CORE HR

1

Employee Information Management

Include

Include

2

Employee On boarding

Include

Include

3

Employee Exit

Include

Include

4

Document Management

Include

Include

5

Letters & Forms

Include

Include

 

3. COMPLIANCE

1

Income Tax

Include

Include

2

Provident Fund

Include

Include

3

Professional Tax

Include

Include

4

Employee State Insurance

Include

Include

5

Labour Welfare Fund

Include

Include

6

Shops & Establishments

Include

Include

 

4. EMPLOYEE SELF SERVICE

1

Payslip & Salary Details

Include

Include

2

Leave & Expense Claims

Include

Include

3

Income Tax Planner

Include

Include

4

Form 16 and Other Reports

Include

Include

5

Help Desk

Include

Include

 

5.  ADVANCED FEATURES

1

Biometric Device Integration

Exclude

Include

2

Shift Management

Exclude

Include

3

API Access

Exclude

Include

4

Flexible Benefits Plan

Exclude

Include

5

Single Sign On

Exclude

Include

6

Active Directory Integration

Exclude

Include

7

3rd Party Integration

Exclude

Include

 

Advantages of Payroll Management Software

    1. Avoid Making Mistakes

Mistakes in the payroll system can be a nightmare. However, one of the brilliant benefits of using payroll software is that it reduces the chances of those costly errors occurring. If you make an error that short-changes your employees, it could have a detriment on morale and in bad circumstances, lead to legal issues with your firm and you.

If you make a mistake that sees your workers being paid too much, you could leave your business without enough working capital and the logistical nightmare that would bring for reobtaining could be complicated. The advantage of payroll software means you can greatly reduce the risk of human error and ensure that your employees get the exact pay they have earned.

      2. Time-Saving

Payroll isn’t exactly what we would call a fun job, rather it’s a necessary one, and chances are those in charge of the payroll probably don’t look forward to the monthly payroll reconciliation. The benefits of using payroll software mean you can help make their task easier and save them a vast amount of time, which could be better spent on other areas of the business.

      3. Data Security

The security of your data is imperative and your payroll data is particularly sensitive. The payroll files will contain personal information that needs protection, such as mailing addresses, dates of birth, Social Security Number, bank details etc. By using good quality payroll software, you can ensure this information is securely locked down and cannot be accessed by anyone outside of your organization.

      4. No Need for Expertise

When it comes to using payroll software, there is no need to have a background in payroll. This means you can delegate the payroll task to employees who have no experience, thus removing the need to hire a “professional”. This will, in turn, lower your costs and make it possible for cross-training within your small business.

Not needing specialized credentials or training is one of the best benefits of payroll software. Rather wasting time on tedious payroll tasks, staff can use their talents elsewhere.

      5. Cost-Effective

As a small business owner, you will have vested interest in keeping profits high and costs low. By making the switch from a paper-based payroll processing system to a more efficient payroll software system can save you vasts amounts of money and allow these funds to be invested elsewhere in your small business to help it expand and succeed.

The cost savings you gain from the switch to payroll software will increase as your business grows. With a one-time fee, you can add unlimited companies, payrolls, and employees, making the investment a smart one as your firm continues to add new workers. In the end, this results in lower costs and a more strategic approach to running your small business.

      6. Understanding Payroll Methods

Learning how to properly perform payroll accounting can be extremely confusing. Especially if you have no formal accounting training or qualifications. Well, good quality payroll software is designed specifically for those who have little to no experience with handling payroll. As such, the software is intuitive and user-friendly helping to relieve your anguish.

      7. Accurate Calculations

As the number of your employees rises, so will the paperwork that needs to be done. The higher the quantity, the higher the risk of human error. However, one of the greatest benefits of using payroll software is that you will find it’s actually difficult to make mistakes. That is thanks to the automation of the entire process and to the comprehensive validation checks and procedures.

      8. Accurate Calculations

You’d be surprised at how easy it is to miss a tax update. Sometimes it’s just difficult to keep track of absolutely everything, especially when those tax updates can go unnoticed until you’ve received a notice . When you use payroll software, this won’t happen. That’s because the software will alert you about the updates instantly, ensuring you are always in the loop.

      9. Speed

The entire process of preparing payroll becomes much quicker when you make use of payroll software. Furthermore, you can instantly prepare reports and statements with the single click of a button. There is no need to wait for a couple of hours or days to access important reports. This means general business can move quicker, creating more efficiency.

      10. Productivity

Employees can become less productive when engaging in the “traditional” way of managing payroll on paper – and we aren’t surprised why! This will lead to your employees becoming less motivated and productive, and again more likely to make errors. Payroll software can boost the employee moral when the salary is paid to them accurately and on time.

FAQ

How is the number of employees taken for billing?

You will be billed on the number of active employees of your company in Sunyash. An active employee means an employee whose salary gets processed through Sunyash each month in the normal course and doesn’t include those employees for whom all exit formalities have been completed in the software.

Those employees whose salary has been kept on hold or who have been excluded from payroll run, but are still active in Sunyash (i.e. their full & final settlement hasn’t been done) will be considered as active employees for all billing purposes.

My company is using biometric devices. Can those devices be integrated with Sunyash?

Yes, we can integrate any biometric device with Sunyash so that attendance details of your employees are automatically pushed to Sunyash for salary calculation. Biometric integration comes at a one-time fee of approximately Rs. 15,000.

However, the actual cost of integration may vary based on the number of attendance devices and the attendance policies of your company. Please contact us on info@Sunyash.in or +91 80 4710 7171 for more details.

Do you charge any one-time setup and implementation fee?

Yes, we charge a one-time setup and implementation fee equivalent to 1-month billing or Rs. 5,000, whichever is higher.

This price covers setting up of rules and policies of your organization in Sunyash and training your payroll admin on using Sunyash by a dedicated amount manager.

What is the billing cycle?

We follow a pre-paid mode of payment. When you subscribe, you will need to make advance payment for at least 3 months to recharge your account and thereafter, you’ll need to maintain sufficient balance in your account to keep on running payroll.
At the end of each month, we’ll deduct the balance from your account based on your plan and number of active employees and whenever your balance gets low, you’ll need to make an additional payment to recharge your account.

Do I need to sign a contract?

There is no contract. If you are not happy with the value you are getting from Sunyash, you can cancel the subscription anytime and can take a backup of all payroll data by downloading it from your account.

 

Do you offer discounts for partners?

Yes, we have multiple partnership plans and offer discounted pricing for partners and payroll service providers. We’re already working with 100+ partners.

What modes of payment do you accept?

We accept payments by debit cards, credit cards, net banking, and e-wallets supported by our payment gateway service provider. We normally do not entertain any manual payments.

Do you offer biometric devices?

Yes, we have partnered with the leading biometric devices company in India to offer various types of biometric devices based on fingerprint, card, or facial recognition and they can be bought at an additional cost. Our partner also offers geo tagging based attendance app for employees working from remote locations.

These devices are pre-integrated with Sunyash and time & attendance data from these devices is automatically synced with payroll for salary calculation.

Is there any one-time fee for active directory integration or API access?

Yes, there will be an additional one-time fee for active directory integration, API access, single sign-on, and any other 3rd party integration.

The amount will be decided after knowing your requirements in detail.

What is your refund policy?

We do not offer any refunds, but we offer 30-day free trial of our software so that you can be confident that the software meets your requirements before you sign up for a paid plan.

For how long will the prices be valid?

The price at which you sign up will be valid for 1 year and thereafter, a hike of 10% will be applied to this price.

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