Payroll Services, And Payroll Software - What's the difference? Get Connected To The Best For Both

November 06, 2015

Payroll Services, And Payroll Software - What

Payroll is the sum of all financial records of salaries for an employee, which includes wages, bonuses and deductions. To ensure that all employees receive their wages or bonuses, companies usually use calculators or, thanks to the technological advances, software that can reduce the burden of understanding complex payroll legislation and payroll systems operation to do what we call a payroll. Selecting the right payroll solution is an important decision for all business owners.

The wrong payroll solution can be expensive not only in terms of money, but in productivity, which translates back to morale, which translates back to money. When selecting payroll solutions, carefully consider your resources. Here are brief descriptions of each type, and the resources you need to implement them: When using payroll software, or when running payroll within your accounting software, your company runs payroll “in-house.”

Your company is responsible for all upgrades to the software, including tax table and tax rate changes. This option provides a high level of control, which some clients prefer. Generating checks, withholding taxes, tax return filings, and payroll tax payments are the main duties that must be carried out in a timely manner by somebody within the business. Electronic services, such as direct deposit, may or may not be available through the software.

Speaking of payroll set-up: be certain your software provides excellent customer support during the set-up process. Depending on the number of checks run in the current year, payroll set-up can be challenging, to put it mildly. Payroll Services When using a payroll service, your company outsources payroll duties entirely.

You are in contact with the payroll service provider as often as you run payroll (for example, every week or every two weeks), telling the service how many hours each employee worked, informing the service of new or terminated employees, or asking any other questions. The payroll service will then generate and deliver checks; withhold taxes; make tax payments; file tax returns; and compute, distribute, and file year-end forms.

Electronic services are available. Human resource (HR) services are sometimes available. Usually you can find a payroll service in close proximity to your business. This is a very simple option. A phone call to the payroll service provider takes care of your most payroll duties. This is a good option for those who do not want to take care of payroll duties themselves, and who do have other resources  such as time or personel to run payroll in some other manner.

Even the set-up should be trouble free, since the payroll service will handle it. Whether you choose Payroll services or Payroll Software, SME Joinup lets you get connected with top recommended service providers that not only gives “Money for value” thing but also gives you hassle free customer support and stays updated with the current trend, implementing the same. SME Joinup has lined up Payroll service providers as well as Payroll Software that offers you best of the best service. You can choose from below mention suiting your budgetary requirements, location, and of course business requirements.

PaySquare – Payroll service provider from Pune

Paysquare is a specialist in the area of end to end payroll outsourcing and provides its services across India. Headquartered in Pune, India, Paysquare was incorporated in 2000. Paysquare solves and streamlines its clients’ payroll processes. For over 14 years our team of experts is committed to providing Consistent, Accurate, and Timely processing of your companies payroll. Paysquare currently processes over 1,20,000 payroll records every month across 300+ clients across India.

Most of the clients have been with Paysquare for several years. Across our engagements, we have provided 100% accuracy in payroll processing. Paysquare follows international standards in its operations and is ISO 27001 as well as ISAE 3402 – SSAE 16 certified. Paysquare also has Business Continuity plans (BCP) as well as Disaster Recovery plans (DRP) in place to ensure that any calamity does not affect business operations of clients. For latest news of Paysquare, click here Testimonials from PaySquare clients:

The team at Paysquare understands the payroll process very well. They have been sensitive and attentive to our requirements and have delivered to our satisfaction. Their focus on customer relationship has been commendable.

-Ms Rani Desai – VP HR Geometric Ltd.

Employees being able to get access to their salary related information through a web based self-service portal was an important factor for us. Getting a consolidated HR report across all our locations was a tough challenge, but this was made easy by the Paysquare team. Overall they have been very approachable and helpful partner for us.

-Mr. Vipin Ghate, Director HR Lear Automation India Pvt. Ltd.

Accurate and consistent payroll processing was the highest on our agenda, when we evaluated vendors. We are very glad that we chose Paysquare. Their consistency and level of automation in payroll processing has been very good.

-Mr. Deepak Joshi, HR Tata Autocomp Systems Ltd.

 SME Joinup believes that payroll services offered by Paysquare could be beneficial especially for the small business because it exclusive focus on payroll outsourcing and led by a highly qualified team of chartered accountants. Paysquare has consistently ensured accuracy in payroll outsourcing across its engagements.

Know more about Paysquare and its services offered, by clicking here.

 Finsmart- Payroll service provider from Pune

Finsmart Solutions is a one stop solution for all your accounting and payroll needs. We are one of the leading organizations that provide high quality Outsourced Accounting and Payroll Processing Services. Since the time we started off in 2007, we have grown considerably with an excellent track record of providing professional accounting and payroll services to our clients. Finsmart Solutions offers a wide range of Outsourced Accounting and Payroll services with a variety of allied value added services. The company believe in undertaking the responsibility of your entire accounting and payroll function thereby allowing you more time to focus on your core business competencies. Apart from Payroll services, Finsmart offers:

  • Outsourced reconciliation services
  • Audit and review services
  • Company incorporation services
  • Outsourced accounting services

 SME Joinup recommends Finsmart Solutions for your payroll needs because their approach towards payroll outsourcing services are transparent. The company practices:

  • Pay for what you need, and when you need it
  • It makes it one stop solution for your payroll and accounting needs
  • It offers services at your doorstep
  • It has an affordable fix price pricing

  Intero Solutions – Payroll service provider from New Delhi

Intero Solutions Private Limited started in 2008 with the team of four people in Delhi is one of the leading business process outsourcing services provider in the country. The company operating with over 200 professionals across the India has presence in more than 15 cities with regional offices in Delhi, Mumbai, Bangalore and Hyderabad. In 2013, Intero has extended its reach in many countries with channel of cohesive partner networks in other countries of Asian and African continents. Other than payroll services, Intero Solutions offered:

  • HR Outsourcing solutions
  • Data management
  • Manpower outsourcing
  • Finance accounting outsourcing
  • Payroll management
  • Statutory compliance

Intero Solutions clientele list covers majority of the industry segment like hotels, infrastructure, real estate, and government.

What does the clients of Intero Solutions say, let’s hear them out:

“Your HR application and support services have helped us in being employee centric and provide best solutions on day to day requirements. We see this partnership as pivotal in our endeavour to automate HR processes and provide employee support in the desired manner. We will hope that the engagement will help in making the tool better as we progress. We moved out Payroll processes from the earlier vendor to Intero on account of data accuracy and consistent quality support and so far the experience has been fruitful! – Head HR Manufacturing company

“We are satisfied with Intero\’s professional service in terms of accuracy and prompt action. Everything is provided in time without delay” – HR Head Real Estate company

” We appreciate the services of Intero Solutions on providing accurate and timely payroll. This includes TDS calculation, Statutory Compliances, IT return file, employee final settlements and understanding of our time to time MIS requirements. –Manager HR & Admin, a leading chain of hotel.

The reason SME Joinup has listed it as an expertise and experienced payroll outsourcing management is because Intero Solutions provide integrated solutions for all manpower and management interrelated departments of an organization with separate reporting system for each division along with other required details as per the need of the clients.

 Maple Tree Business Consultants – Payroll services from Mumbai

Maple Tree is an India based Business Consultancy firm set up by a team of well experienced dedicated professionals rendering comprehensive professional services which mainly include Business Entry Services, Finance and Accounting (F&A), Taxation, Corporate Services and Payroll Management etc. Client satisfaction and quality work have been our main focus from the day one and we have designed our services in such a way that an entity can avail our services on one stop shop basis i.e. right from the start to the growth phase.

It has other offices in the locations like Bangalore, and New Delhi.

Apart from outsourcing payroll, it offers services like:

  • Business entry services
  • Taxation
  • Finance and accounting
  • Recruitment
  • Corporate services

Grow with us TopSource – Payroll Service provider located at Pune

Top Source brings to midsize companies a level of service and business value previously available only to the largest corporations. Our services are easy to deploy, highly affordable, and are readily scaled from basic payroll and accounting functions to deliver greatly expanded value as your needs – and your company – grow. TopSource can be found at other locations as well like Hyderabad, and Mumbai. Why SME Joinup recommends TopSource because it is an award winning specialist payroll and accounting support services organisation. It offers the optimum balance of process and flexibility to help your business grow. Our services are utilised by over 500 companies that range in size from owner-managed to multi-national corporations. To read their upcoming blogs, click here.

 Assure IT Services – Payroll service provider from Mumbai

Assure IT Services is managed by 3 dynamic professionals from varied backgrounds. Mr. Dinesh Kumar Tejwani is the founder Director of Assure IT. He is a rank holder chartered accountant who went on to become an entrepreneur. With 15 years of tax and audit practice experience, he ventured into tax technologies and founded Fast Facts Computer Systems Ltd. Randhir Nagvenkar is a Management Graduate and has more than 8 years’ experience in the software consulting industry. As a consultant he has played multiple roles, from product marketing to implementation at the client side. Over the years he has gathered knowledge and skills in executing and managing large scale payroll implementation project in various industry verticals. His man management skills and domain knowledge bridge the gap between processes, technology and people. Kapish Saluja Management Graduate and has more than 8 years’ experience in the software consulting industry. As a consultant he has played multiple roles, from product marketing to implementation at the client side. Over the years he has gathered knowledge and skills in executing and managing large scale payroll implementation project in various industry verticals. His man management skills and domain knowledge bridge the gap between processes, technology and people. SME Joinup recommends Assure IT Services especially for the small business because it is able to meet this challenge by offering its clients a complete payroll outsourcing solution taking into consideration their need for an accurate payroll process, ensuring compliance deadlines and maintaining data confidentiality.

LetsComply – Let’s Comply – Payroll Service provider from New Delhi

Lets Comply is a technology driven platform to provide world-class affordable and convenient professional services under the guidance of experienced team of professionals, whose knowledge & credentials are proven.

SME Joinup believes that the Payroll services offered by Lets Comply are committed to help entrepreneurs and business owners to start, manage and grow their business by simplifying everything related to financial & taxation related regulatory framework of business so that they focus on innovation and expansion without having concern about compliance, which matters the most.

The company aim to be a partner in the entire business life cycle for all stages of entrepreneurship i.e. Startup, Growth, Acceleration& Progressive Stage to make sure they are compliant at every stage and grow manifold. Along with payroll services it also offers:

  • Virtual Intelligence by way of Virtual CFO (vCFO)
  • Virtual General Counsel services

It is a team of experienced Chartered Accountants, Company Secretaries, Cost Accountants, Corporate Lawyers Management Graduates, IP Attorneys and Technologists. Let’s Comply provide excellent confidentiality undertakings as well as high technical firewalls that satisfy its valued clients. Know more in detail about Let’s comply and its offerings clicking here.

 GreyTip – Payroll Software service provider from Bangalore.

GreyTip enables HR departments to leverage IT for both effectiveness and efficiency. Their Payroll software solutions cover most areas including employee information management, leave and attendance management, training, appraisals and compensation etc. SME Joinup believe in GreyTip’s Payroll software solutions because their team has been focusing and having daily interactions with the best HR professionals in the field have given us deep insights into your needs. We have incorporated their best practices and wisdom in our products. It constantly innovate and upgrade the products to incorporate the latest advances in technology and the ever changing needs of HR and Payroll departments You can visit the video presentation here. Greytip has presence & staff in Bangalore, Mumbai, Chennai, Pune, Hyderabad, Coimbatore, Dubai & Muscat. sumHR – Free Employee Attendance, Leaves and Payroll Management Software. SUM HR  – HRMS Software service provider from Pune and Mumbai sumHR is a modern, delightful, and extremely easy to use Human Resource Management Software that helps start-ups and SMEs streamline their HR & payroll processes. It is  on the mission to change the way companies look at Human Resource Management. The company want to make the lives of HR professionals easier and happier by automating processes and eliminating the error-prone, highly unreliable spreadsheets. They don’t want to bother our customers with expensive license fees, installation nightmares, or setup and training ordeals. Using the experience and knowledge of new-age HR practitioners, they are creating a modern cloud-based HR software that will reduce paper work, increase productivity and give everyone time to concentrate on real work. SME Joinup refers SUM HR or its HRMS because it presents simple, easy, and effective way to manage tons of your HR data and processes. Alp Consulting Logo Alp Consutling – HRMS software service provider from Bengaluru Human Resource Management System, or HRMS as it is commonly referred to, is a combination of all the systems and processes that are necessary to efficiently manage the HR Department of an organisation. There are many routine and tedious activities in HR that should ideally be handled by technology. By using an HRMS software, you can significantly reduce the manual workload required to carry out these tasks. Alp Consulting offers an end-to-end enterprise HRMS web based SAAS application which can manage the entire gamut of HR functions. Alp Consulting has its offices at other locations like Mumbai, Pune, Noida, Chennai, and Hyderabad The following are just a few of the functionalities that we offer:

  • Adding statutory details
  • Bulk import of employee details
  • Payroll processing
  • Salary statement generation
  • Exporting bank statements
  • Bank advice
  • Payroll and statutory reports generation
  • PF statement generation
  • PF challan preparation
  • ESS -employees can access, view, or request personal or company related information 24/7
  • Employee login facility
  • Employee query management
  • Statutory outsourcing
  • Payroll cycle management

Get connected now…………

The above mentioned are the best of the best Payroll service providers and Payroll Software service providers recommended by SME Joinup. There are several routine and tedious activities in HR that should be ideally handled by a pro or technology. Choose from the above and let us get you connected to them immediately…Fill in the below mentioned below that will help you get instant access to these top recommended providers.

November 06, 2015

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