payroll outsourcing companies in hyderabad

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Payroll Outsourcing Companies in Hyderabad

Leading Payroll Outsourcing Company with Prudence and Experience

We manage your payroll system better than anyone else. It will become the easiest job ever for you when you hire our expertise.

About The Company

Paysquare is one of the most promising and dedicated Payroll Outsourcing service provider in Hyderabad. We have been serving this industry for several years. We have some of the most talented and highly qualified professionals who can handle the matter of payroll management better than anyone else. To obtain the rank of the top payroll management company we have to do a lot of hard work and show our consistency as a reliable service provider. The management of payroll system is not an easy task. In most of the cases the enterprises fail to understand that there must be a dedicated and separate system for this. We at Paysquare offer them that high level of service so that they can manage the payroll system in a smooth and smart manner.

Payroll Services
Payroll Management

Why Paysquare for Payroll management in Hyderabad

Paysquare is a kind of company that has the proper understanding and knowledge about the latest norms of payroll management. The company pays full attention to make the payroll records error-free. Paysquare is always attentive about maintaining the security of the data of the clients. To maintain the high standard we follow the most efficient operating procedures to protect the information and utilize them as per the norms. Our teams of experts keep an updated track of newly launched regulations of labor and Income Tax law. We also offer our sincere consultation for the employees of your company so that they can have some better investment and tax saving plans at the end of the year.

Our Unique And Functional Services:

Paysquare is well-known for offering some unique and practical services as per the current needs of the enterprises. The core services are

Payroll Processing and Compliance

We create pay slips for each of the employees along with the details of the tax and CTC. Here we also offer online investment declaration and Tax calculator. We provide advices in many sections like bank transfer, professional tax and return submission, PF, bonus and TDS return, etc. All these advices are offered by the experts of the industry.

Leave and Attendance Management

We offer complete solution for leave and attendance management. Our unique technologies help you to track the leave and attendance of each of the employees throughout the year. This helps you to calculate their monthly payment in a perfect manner. Even the employees can see their leaves and attendance reports and download them from that program easily.

Employee Self Service

There is separate Log in IDs provided for every employee so that they can view their payment details and self-update their own information as per the requirement. They can also view as well as download their pay slips from that section. They can manage their leaves and download the tax computation sheets from there as well.

Query Management

This is a part that is developed as the basis of the Employee’s Self Service section. A query ticket can be opened by an employee through this portal. The ticket is viewed and addressed by the particular employee helpdesk team.

Client Admin Self Service Portal

This is for the clients or the company owners. They can Log In to this portal to view and manage the necessary information. They can change the payment procedure, amount of the payment, number of leaves and other important factors as per their needs. They can add or remove the names and details of the employees as well. This will help them to keep a track of the present number of employees with their joining and payment details.

How Do We Assist You

We understand that managing payroll system is not a casual task and that is the reason we appoint a dedicated and experienced account manager who can manage the payroll service of the clients in a smooth way. They integrate different parts of the payment process and make a general reports with all the details, which includes the tax, CTC, leave and holidays as well. This professional is well aware of the individual working process of your company along with payroll structure. This is the reason you can expect the most efficient assistance from that expert. The account manager keeps a constant communication with your payroll team and ensures that the report he has created fits the individual payroll related activities of your company.

Payroll Services

What are benefit for payroll services in Hyderabad?

 With payroll processing services from Paysquare, companies in Hyderabad are able to get access to a capable partner who has been managing payroll for several years across different industry sectors. Through our experience, we are able to offer the right and timely advice to your business so that your payroll process is streamlined and efficient.

What are challenges faced by organisation for payroll outsourcing in Hyderabad?

It is difficult to get a single vendor who will provide end to end payroll processing services in Hyderabad. Working with multiple vendors who only manage part of your requirement can be very cumbersome for you. With Paysquare, organizations in Hyderabad can benefit significantly, as we offer to end to end payroll management services.

What are factors to consider when selecting a payroll management company in Hyderabad?

If you are tying up with a vendor, do check their service delivery capabilities. For the clients they are currently servicing, are they able to offer payroll processing services on time. Are any errors being reported in payroll in the companies where service is being delivered. What sort of security mechanisms do they have to protect the data, both in normal circumstances as well as in emergency situations? Do they offer online logins to employees and HR Admins, so that they can help themselves 24*7? All of these parameters will help a lot in selecting a payroll management company in Hyderabad.

What are challenges faced by organisation for payroll outsourcing in Hyderabad?

Administrative Issues
Many businesses, especially smaller ones, still carry out their payroll process manually. A manual payroll system typically requires a great deal of manual interventions. It creates an administrative burden for you and your HR staff.

Organizational Challenges
Maintaining payroll records and employee information in an effective and accurate manner is one of the major organizational challenges. Sometimes it is simply a matter of workflow – keeping files and documents in a central location and creating uniform filing processes.

Incompatible Software
If you haven’t experienced it already, you may find that not all payroll programs are compatible. For example, the program used for your employee profiles or records may be different from the system you use for pay and benefits. And what about the program used for your employee performance?.

Tracking Employee Absence
Manually tracking your employees’ vacation and sick days can be a cumbersome task with potential for mistakes. Paper time cards and even simple digital time sheets are notoriously prone to misuse and unintended errors. This can have an overall impact on payroll calculation.

Compliance Risks
Irrespective of the size of the organization, even a small payroll error may cost a lot to your business. To avoid compliance issues and risks, companies need to stay compliant with mandates issued by regulatory bodies laws. An organization should be well-versed with the labour regulations in its country of operation. It is necessary to adhere to statutory compliances as it keeps business safe from the legal trouble and other risks.

Online Payroll Management
Fortunately, a payroll services provider, who is invested in technology can avoid this risk. A leading payroll management software provider, like Paysquare supports an organization’s ongoing and changing compliance demands, and is a cost-effective solution for small and mid-size businesses.

Paysquare, while offering payroll management solutions ensures:

  1. Secure SSL encryption
  2. Instant access on payroll updates anytime anywhere
  3. Record keeping & back-up for several years
  4. Configurable and customizable features
  5. Automatic payroll updates
  6. Immediate processing and easy printing

What are benefit for payroll services in Hyderabad?

Convenience. With outside services, you simply telephone their offices, give them the hours, deductions, and salary amounts of your employees, and the firm processes the check. Many service providers also let you update employee payroll information on their Web sites.

Functionality. Many payroll companies also provide management reports, calculate employee tax obligations, and prepare detailed reports for their clients.

Accuracy. Payroll firms know they must do an accurate job if they want to keep your business. You can also can count on them to stay up-to-date with new tax laws related to employee payroll.

Compliance. The payroll function entails a complicated array of state and federal legal obligations. Hiring an outside company can save you money on legal fees, and put compliance in the hands of a business that understands these legal issues.

Why organisation should go for Payroll Company in Hyderabad?

  1. Save Time
    The key to saving time with any outsourced business function is a detailed scope of requirements, roles and responsibilities. Time spent on compliance, regulations and training staff on using internal systems is eliminated. An efficient payroll management company can offer more control to employees, eliminating time spent by HR updating entitlements, leave and benefits.
  2. Save Money
    Having fewer full-time employees can cause a ripple effect on cost savings throughout an organization, from HR and IT through to office space and utilities. The savings in outsourcing payroll services starts with eliminating costly IT infrastructure.
  1. Focus on Your Core Business
    What began as a trend has become the status quo. Every small business already outsources at least one critical function: telephony and internet access. Websites are hosted externally; email services, accounting software, sales and inventory management have proven invaluable as outsourced products and services.
  2. Compliance
    One of the functions of a payroll provider is to ensure that the minimum standards are adhered to and, in concert with HR, are communicated effectively to all employees.
  1. Improved Security
    Since banks have become impenetrable, criminals have moved on to payroll and invoicing. Payroll systems are particularly lucrative, with identity information providing an added bonus to the vast sums being stolen. .
  1. Avoid Losing Payroll Expertise
    By outsourcing the functions of your payroll department, you can eliminate the need for costly transfer of information between former and new employees. Outsourced payroll services can be relied on to maintain a consistent approach to payroll management. There’s no need to induct employees on logic or how technology platforms operate. Role transfer can be reduced to the functions and outputs of the payroll service.
  1. Simplify Reporting
    With complete transparency and immediate access to accurate information that doesn’t need to be verified, management can more effectively plan for growth and predict changes to staffing needs.
  1. Reduce Redundancy
    With less data inputs by fewer people, task management and delivery can be managed with greater consistency while eliminating redundancy.

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