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Paysquare is a leading Indian payroll software company providing comprehensive payroll, HR, and accounting solutions to businesses. ...Read more

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Paysquare Software Pricing, Features & Reviews

What is Paysquare?

Paysquare is a leading payroll software company in India that provides end-to-end payroll and HR solutions to businesses of all sizes. Founded in 2000 and headquartered in Pune, India, Paysquare offers services in payroll processing, accounting outsourcing, and temporary staffing. The company helps organizations streamline their operations by managing everything from payroll calculations and tax deductions to finalizing bank files for direct employee salary deposits.

Paysquare's services include payroll management, compliance management, an online employee self-service portal, leave management, and time and attendance tracking. They also offer features such as statutory reporting, tax filing, expense management, and customizable reports. Paysquare is known for its accuracy, consistency, and on-time delivery, processing over 400,000 employee records per month for over 1,000 clients.

With a team of seasoned experts and cutting-edge technology, Paysquare aims to provide unmatched value to HR and finance teams, building strong and dependable long-lasting partnerships. They are SSAE 16 & ISAE 3402 certified with ISO 27001/2013 standards, ensuring data security and compliance.

Why Choose Paysquare Software?

  • Expertise and Experience: Paysquare has over 20 years of experience in payroll management, serving over 3,000 clients and processing 500,000+ employee records monthly.
  • Customized Solutions: Paysquare offers scalable services tailored for startups, mid-sized businesses, and large enterprises.
  • Advanced Technology: The platform uses a custom, homegrown payroll processing engine and a self-service portal, providing automation, accuracy, and real-time access1.
  • Compliance and Security: Paysquare ensures compliance with statutory regulations and data security, being certified for ISAE 3402 (SOC 1), Type 2 (KPMG), ISO 27001 (BSI), and GDPR1.
  • Comprehensive Payroll Management: Paysquare offers end-to-end payroll processing, from salary computation to disbursement and tax filings1.
  • Employee Self-Service Portal: Employees can access salary slips, tax details, and leave records anytime through the self-service portal1.
  • Robust Security: The self-service portal is built with security in mind and hosted on AWS1.
  • Data Accuracy: Paysquare provides an accurate, simple, and automated system, ensuring data remains accurate and relevant1.
  • Long-Term Consistency: 80% of Paysquare's clients have retained their services for more than a decade, showing consistency and reliability1.
  • Efficient Resource Use: Paysquare helps businesses save time and resources by managing payroll, allowing them to focus on core operations2.
  • Better Compliance: Payroll Management Services ensures better compliance3.
  • Multi-faceted benefits administration: Payroll system include daily attendance tracking, leave structure, overtime, reimbursement leaves, etc4.

Benefits of Paysquare Software

  • Proactive Financial Error Detection: Paysquare detects potential financial errors to help identify and rectify revenue drainage areas.
  • Integration Capabilities: Paysquare can seamlessly integrate with existing enterprise systems for a smooth data flow.
  • Customizable Portals and Workflows: Paysquare offers the ability to create custom self-service portals and approval workflows tailored to specific client requirements.
  • Access to Best-in-Class Technology without Capital Expenditure: Clients gain access to cutting-edge technology as part of the service without needing to invest directly in it.
  • Enhanced Confidentiality: Offsite payroll management ensures strict confidentiality and prevents leaks of sensitive financial data.
  • Avoid Penalties: Ensure compliance with all relevant requirements, avoiding penalties for non-compliance.
  • Mobile Accessibility: Access data and manage tasks remotely via a smartphone.
  • Expertise in Employee Benefits Administration: Quick action-taking capacity, systematic employee tracking, and time-saving calculations for bonuses, deductions, and other benefits.
  • Reduced Costs: Clients benefit from optimized costs with specialized teams managing payroll.
  • No Technology Investments: Clients leverage Paysquare's technology investments and get the best payroll service.
  • No Infrastructure: With payroll being managed offsite, the client does not need to invest in any additional infrastructure.

Pricing of Paysquare

The pricing for Paysquare in India is available upon request at techjockey.com.

The pricing model is based on different parameters, including extra features, deployment type, and the total number of users. For further queries related to the product, you can contact our product team and learn more about the pricing and offers.

Paysquare Pricing & Plans

Paysquare price is available on request

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Paysquare Features

Payroll Management

  • icon_check Overtime Management Tracks and compensates employee overtime automatically.
  • icon_check Automated Payroll Processes payroll efficiently with minimal manual intervention.
  • icon_check Direct Bank Transfers Transfers salaries directly to employees’ bank accounts.
  • icon_check Off-Cycle Payroll Processing Supports ad-hoc payments outside the regular payroll cycle.
  • icon_check Expense Reimbursements Manages employee expense claims and repayments.
  • icon_check Tax Deductions Calculates and deducts income tax (TDS) accurately.
  • icon_check Employee Benefits Management Handles benefits like health insurance and provident fund.
  • icon_check Multiple Pay Rates and Schedules Supports varied pay rates and custom pay cycles.
  • icon_check Bonus and Incentive Management Configures and manages employee bonuses and incentives.
  • icon_check Variable Pay & Commission Management Manages variable pay and commissions accurately.
  • icon_check Gratuity Calculation Calculates gratuity as per Indian statutory requirements.

Compliance Management

  • icon_check Income Tax (TDS) Management Ensures tax deductions comply with legal requirements.
  • icon_check Provident Fund (PF) Compliance Automates PF contributions and filings.
  • icon_check Professional Tax (PT) Compliance Manages PT deductions as per state laws.
  • icon_check Labour Welfare Fund (LWF) Management Ensures LWF contributions and filings.
  • icon_check Employee State Insurance (ESI) Compliance Handles ESI deductions and submissions.

Time, Attendance & Leave Management

  • icon_check Leave & Absence Management Tracks leave balances and approvals.
  • icon_check Sick Leave and Vacation Tracking Manages sick leaves and vacations efficiently.
  • icon_check Attendance Tracking Integrates with biometric and attendance systems.
  • icon_check Leave Policy Customization Configures leave rules as per company policies.
  • icon_check Holiday & Leave Calendar Maintains an updated list of holidays and leaves.

Employee Self-Service (ESS)

  • icon_check Payslip Access Employees can download and view payslips online.
  • icon_check Expense Claims Employees can submit expense reimbursement requests.
  • icon_check Income Tax Planner Allows employees to plan and declare tax exemptions.

Employee Lifecycle Management

  • icon_check Employee Database Maintains comprehensive employee records.
  • icon_check Document Management Stores and manages employee-related documents.
  • icon_check Employee Shift Scheduling Automates shift assignments and scheduling.
  • icon_check F&F Settlement Automates final settlements upon employee exit.

Banking Integration & Payment Processing

  • icon_check Direct Deposit Scheduling Schedules salary deposits automatically.
  • icon_check Bank Transfer Files Generates files for seamless bank transfers.
  • icon_check Cheque Processing Supports cheque payments for payroll processing.
  • icon_check Multi-Bank Support Integrates with multiple banks for payroll.

Automation and Customization

  • icon_check Scheduled Payroll Processing Runs payroll on a predefined schedule.
  • icon_check Custom Payroll Rules and Policies Adapts payroll calculations as per company policies.
  • icon_check Configurable Workflows & Approvals Set workflows for approvals in payroll.
  • icon_check Alerts & Notifications Sends automated notifications for payroll events.
  • icon_check API Access Provides API for integrations with other systems.

Security and Data Privacy

  • icon_check User Access Management Restricts data access based on roles.
  • icon_check Two-Factor Authentication (2FA) Adds an extra layer of security.
  • icon_check Data Backup and Recovery Ensures secure data backup and easy recovery.
  • icon_check Encrypted Data Transmission Protects payroll data during transfers.
  • icon_check Audit Logs and Monitoring Tracks and logs activities for audit compliance.

Integrations

  • icon_check Third Party Integration Connects with various business applications.
  • icon_check HRMS Integrates seamlessly with HR management systems.
  • icon_check Accounting Software Integrates with accounting systems for seamless data.
  • icon_check Performance Management Connects with PMS for performance-linked pay.
  • icon_check Payment Gateway Integrates with gateways for payment processing.
  • icon_check API Integration Connects to external systems for data exchange.
  • icon_check Biometric Integration Links with biometric systems for attendance.

Reporting and Analytics

  • icon_check Payroll Reports Generates detailed payroll summaries.
  • icon_check Compliance Reports Ensures adherence to legal regulations.
  • icon_check Leave and Attendance Reports Tracks employee attendance trends.
  • icon_check Employee Master Report Provides a complete overview of employee data.

Others

  • icon_check Payroll Outsourcing Offers end-to-end payroll management services.

Paysquare Specifications

  • Supported Platforms :
  • Device:
  • Deployment :
  • Suitable For :
  • Business Specific:
  • Business Size:
  • Customer Support:
  • Training:
  • Language:
  • Ubuntu Windows iOS Android MacOS Windows(Phone)
  • DesktopMobile
  • Web-Based, Perpetual
  • All Industries
  • All Businesses
  • Small Business, Startups, Medium Business, Enterprises
  • Email, Communities
  • Videos
  • English, हिन्दी

Paysquare Reviews

84%

Have recommended this product

Overall Score

4.2/5
Based on 15 Reviews

Review this product

Your valuable feedback helps others like you make a better decision.

Pros

pros_icon “Paysquare made it much easier to manage payroll for my small business. It's convenient to manage employee pay details and taxes through their online system.” Nishita Kajal - Sep 2, 2024

pros_icon “Paysquare has helped us to take care of payroll with ease. It takes the hassle out of managing employee salaries and taxes, and I can easily track everything from one system.” Ravi Kumar - Jul 18, 2024

pros_icon “One of the best things about Paysquare is the security of their platform. I feel confident knowing that my data and payroll information is protected.” Murali Krishna - Jun 19, 2024

Cons

cons_icon “Sometimes I feel like it takes extra steps to finalize requests. ” Nikita Rawat - Sep 2, 2024

cons_icon “The system sometimes feels a bit slow when trying to retrieve older reports. ” Nishita Kajal - Sep 2, 2024

cons_icon “The only downside is that it took a little while to get used to the layout. ” Sikander Khan - Sep 2, 2024

KM

Kanika Mehta

Verified reviewer:linkedin_verify

Accountant, Accounting

101-500 Employees

Software user since: 1-2 years

Reviewed on: Jun 13, 2024

4.1/5

“Reliable Platform for managing Payroll Services”

Paysquare has helped me keep all my payroll tasks organized.

Pros :

Cons :

Reason to switch : I wanted to change.

Features

4/5

Value for Money

4/5

Customer Support

4.5/5

Ease of Use

4/5

Likely to Recommend

7/10
F

fariz

Verified reviewer:linkedin_verify

Accountant, SAAS

101-500 Employees

Software user since: 1-2 years

Reviewed on: Jun 7, 2024

4.2/5

“Smooth Payroll Processing with Paysquare”

Paysquare has made handling payroll much easier for my team. The system calculates everything accurately, from employee pay to taxes, and ensures compliance with all the necessary regulations.

Pros :

Cons :

Reason to switch : I switched because I wanted to explore more payroll management software.

Features

4/5

Value for Money

4/5

Customer Support

4.5/5

Ease of Use

4.5/5

Likely to Recommend

9/10
N

Nishikant

Verified reviewer:linkedin_verify

Accountant, SAAS

101-500 Employees

Software user since: 1-2 years

Reviewed on: Jun 14, 2024

4.2/5

“Paysquare’s Payroll Platform Is a time saver”

I chose Paysquare to handle payroll for my business, and it has made a big difference.

Pros :

Cons :

Reason to switch : I was looking for change.

Features

4/5

Value for Money

4/5

Customer Support

4.5/5

Ease of Use

4.5/5

Likely to Recommend

8/10

Paysquare Consultancy Limited Company Details

Brand Name Paysquare Consultancy Limited
Information Paysquare Consultancy is a payroll and end-to-end HR outsourcing services company.
Founded Year 2002
Director/Founders Rakesh Jain
Company Size 501-1000 Employees

Paysquare FAQ

A The pricing for Paysquare in India is available upon request at techjockey.com.
A Yes, Paysquare offers a mobile app for both Android and iOS.
A Paysquare is compatible with Ubuntu, Windows, MacOS, and Windows(Phone).
A No, Paysquare does not offer a free trial.
A Paysquare automates payroll calculations, deductions, and tax filings based on entered details and data analysis, providing outputs and records of payments.
A Businesses of all sizes looking to streamline payroll, ensure compliance, and reduce manual intervention can benefit from Paysquare.
A Yes, Paysquare offers a free demo for users to experience its features.
A Paysquare is not available for free.

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