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RazorpayX Payroll

Brand : Razorpay Software Pvt. Ltd.

Starting at ₹ 2999

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RazorpayX Payroll streamlines salary processing, tax filing and payment– enabling businesses to pay employees directly and manage statutory compliance with ease. ...Read more

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RazorpayX Payroll Software Pricing, Features & Reviews

What is RazorpayX Payroll?

RazorpayX Payroll is an automated payroll software designed to automate and simplify salary processing and compliance for businesses. It allows companies to disburse salaries directly into employees' bank accounts while automatically handling tax filings and payments for TDS, PT, and ESIC. The platform is user-friendly, enabling quick onboarding and bulk entry of employee details. With features like instant reimbursements and easy attendance tracking, it streamlines various HR functions.

RazorpayX Payroll also provides real-time compliance reports and alerts, ensuring businesses stay updated with regulatory changes. Additionally, it integrates seamlessly with various HR management software, making it a comprehensive solution for payroll management.

Why Choose RazorpayX Payroll Software?

  • Fully Automated Payroll: Automates salary disbursement and tax filing, including TDS, PT, and ESIC, from a single dashboard.
  • Direct Salary Deposits: Enables instant and accurate salary deposits directly into employees' bank accounts.
  • Quick Onboarding: Offers a seamless onboarding process that can be completed in just one hour.
  • Comprehensive Compliance: Automatically handles multi-state compliance laws without extra charges, ensuring businesses stay compliant.
  • Instant Reimbursements: Allows for immediate reimbursement approvals and payments, enhancing employee satisfaction.
  • Easy Attendance Management: Integrates attendance tracking seamlessly into payroll calculations, reducing manual errors.
  • Powerful Integrations: Compatible with over 25 HRMS partners for easy integration into existing systems.
  • Analytics and Reporting: Provides detailed reports and insights on payroll data, helping businesses make informed decisions.
  • User-Friendly Interface: Designed for ease of use, making payroll management accessible even for non-technical users.

Benefits of RazorpayX Payroll Software

  • 360° Payroll Management: Offers comprehensive payroll features that cover everything from salary disbursement to compliance management.
  • Automated Arrears and Salary Revisions: Allows for easy adjustments to past or future salaries, including mid-month changes.
  • Custom User Roles: Enables businesses to create tailored user roles for efficient workflow management.
  • Instant Access to Payslips: Employees can quickly access their payslips through a self-service dashboard and WhatsApp.
  • Advanced Data Visualization: Simplifies complex payroll data with visual reports for better understanding and analysis.
  • Bulk Wizard Feature: Facilitates quick execution of bulk changes like additions, deductions, or loss of pay, saving time on manual updates.
  • Real-Time Regulatory Alerts: Keeps users informed about changes in compliance regulations, ensuring they remain up-to-date.
  • Integrated Attendance Management: Automatically calculates attendance into salary payouts, reducing manual errors and discrepancies.
  • Powerful Integration Capabilities: Works seamlessly with over 25 HRMS partners, allowing for easy integration into existing systems.

Pricing of RazorpayX Payroll

RazorpayX Payroll price in India starts at ₹2999 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.

RazorpayX Payroll Pricing & Plans

Prime
  • Max. Employees Supported: 20
  • Payroll Calculation
  • Payslip Generation
  • Direct Salary Payment
  • One-Time Payments
  • Salary Adjustment
  • Salary Register
  • Compliance Calculation (TDS, PT)
  • Advance Compliance (PF, ESI)
  • Compliance Payment
    • Licenses
    • Monthly
Starting at ₹ 2999
Elite
  • Max. Employees Supported: 100
  • Payroll Calculation
  • Payslip Generation
  • Direct Salary Payment
  • One-Time Payments
  • Salary Adjustment
  • Salary Register
  • Compliance Calculation (TDS, PT)
  • Advance Compliance (PF, ESI)
  • Compliance Payment
    • Licenses
    • Monthly
Starting at ₹ 5999

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RazorpayX Payroll Features

Payroll Management

  • icon_check Overtime Management Tracks and calculates employee overtime hours.
  • icon_check Gratuity Calculation Calculates gratuity as per Indian statutory requirements.
  • icon_check Automated Payroll Streamlined payroll calculations for timely processing.
  • icon_check Direct Bank Transfers Automated salary deposits directly to bank accounts.
  • icon_check Off-Cycle Payroll Processing Process unscheduled payrolls for bonuses or adjustments.
  • 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 Expense Reimbursements Automates employee expense reimbursement processing.
  • icon_check Tax Deductions Calculates pre-tax and post-tax deductions for compliance.
  • icon_check Employee Benefits Management Administers employee health, retirement, and other benefits.
  • icon_check Multiple Pay Rates and Schedules Supports varied pay rates and custom pay cycles.

Compliance Management

  • icon_check Income Tax (TDS) Management Automates TDS calculations and deductions.
  • icon_check Provident Fund (PF) Compliance Ensures timely PF contributions and reporting.
  • icon_check Professional Tax (PT) Compliance Manages PT deductions per state regulations.
  • icon_check Labour Welfare Fund (LWF) Management Manages LWF deductions for eligible employees.
  • icon_check Employee State Insurance (ESI) Compliance Tracks and manages ESI contributions.

Time, Attendance & Leave Management

  • icon_check Leave & Absence Management Tracks leave balances and employee absences.
  • icon_check Sick Leave and Vacation Tracking Manages sick and vacation leave with accruals.
  • icon_check Attendance Tracking Monitors employee attendance for accurate payroll.
  • icon_check Leave Policy Customization Customizable leave policies to suit company rules.
  • icon_check Holiday & Leave Calendar Manages holiday schedules and leave tracking.

Employee Self-Service (ESS)

  • icon_check Payslip Access Provides digital payslips for employee download.
  • icon_check Expense Claims Employees submit and track expense reimbursements.
  • icon_check Income Tax Planner Allows employees to plan and declare tax exemptions.

Employee Lifecycle Management

  • icon_check Employee Database Centralized repository for all employee information.
  • icon_check Employee Shift Scheduling Schedules shifts for diverse work hour needs.
  • icon_check F&F Settlement Automates final settlements upon employee exit.
  • icon_check Document Management Stores important employee documents securely.

Banking Integration & Payment Processing

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

Automation and Customization

  • icon_check Alerts & Notifications Sends automated notifications for payroll events.
  • icon_check API Access Provides API for integrations with other systems.
  • icon_check Scheduled Payroll Processing Automates scheduled payroll cycles.
  • icon_check Custom Payroll Rules and Policies Customizable payroll rules for flexibility.
  • icon_check Configurable Workflows & Approvals Set workflows for approvals in payroll.

Security and Data Privacy

  • icon_check User Access Management Manages access permissions to secure payroll data.
  • icon_check Two-Factor Authentication (2FA) Enhances security with 2FA for logins.
  • icon_check Audit Logs and Monitoring Tracks and logs activities for audit compliance.
  • icon_check Data Backup and Recovery Ensures secure data backup and easy recovery.
  • icon_check Encrypted Data Transmission Protects payroll data during transfers.

Integrations

  • icon_check API Integration Connects to external systems for data exchange.
  • icon_check Performance Management Connects with PMS for performance-linked pay.
  • icon_check Payment Gateway Integrates with gateways for payment processing.
  • icon_check Third Party Integration Integrates with third-party software solutions.
  • icon_check Biometric Integration Links with biometric systems for attendance.
  • icon_check Accounting Software Integrates with accounting systems for seamless data.
  • icon_check HRMS Syncs with HRMS for unified employee data.

Reporting and Analytics

  • icon_check Payroll Reports Detailed reports on payroll processing and expenses.
  • icon_check Compliance Reports Provides reports on statutory compliance.
  • icon_check Leave and Attendance Reports Tracks leave and attendance records.
  • icon_check Employee Master Report Comprehensive report on employee details.

RazorpayX Payroll Specifications

  • Supported Platforms :
  • Device:
  • Deployment :
  • Suitable For :
  • Business Specific:
  • Business Size:
  • Customer Support:
  • Integration:
  • Training:
  • Language:
  • Ubuntu Windows MacOS Linux
  • Desktop
  • Web-Based
  • All Industries
  • All Businesses
  • Small Business, Startups, Medium Business, Enterprises, SMBs, SMEs, MSMBs, MSMEs
  • Email, Communities
  • API Integration
  • Documentation, Videos
  • English

RazorpayX Payroll Reviews

79%

Have recommended this product

Overall Score

3.8/5
Based on 10 Reviews

Review this product

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

RazorpayX Payroll Video Review

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“RazorPayX Review | RazorPayX Current Account Kya Hai | RazorPayX Payroll Review | RazorPayX Payouts”

4.5

Review by: LENDERS 247

NK

Nishant Kumar

Verified reviewer:linkedin_verify

Manager, SAAS

101-500 Employees

Software user since: 1-2 years

Reviewed on: Jun 19, 2024

3.7/5

“RazorpayX for Simplified Vendor Payments”

With RazorpayX, we’ve streamlined vendor payments and significantly reduced manual intervention. The scheduling feature ensures payments are made on time, while the reports keep us well-informed about our financial outflows. While the desktop version is quite comprehensive, the mobile app could use some additional features to make it more versatile.

Pros :

Cons :

Switched from : PayCare

Reason to switch : To automate vendor payments and minimize the chances of manual errors in the process.

Features

4/5

Value for Money

4/5

Customer Support

3.5/5

Ease of Use

3.5/5

Likely to Recommend

8/10
SY

Sandeep Yadav

Verified reviewer:linkedin_verify

Manager, SAAS

101-500 Employees

Software user since: 1-2 years

Reviewed on: Sep 5, 2024

3.7/5

“RazorpayX’s Payroll Automation at Its Best”

RazorpayX has been instrumental in automating our payroll management, giving us confidence that salaries will be disbursed without delays. Employees can access their own payslips, cutting down on repetitive queries to HR. However, the platform occasionally lags, particularly during high activity periods, and could use more customization options.

Pros :

Cons :

Features

4/5

Value for Money

3.5/5

Customer Support

3.5/5

Ease of Use

4/5

Likely to Recommend

8/10
VA

Vipin Agarwal

Verified reviewer:linkedin_verify

Manager, SAAS

101-500 Employees

Software user since: 1-2 years

Reviewed on: Jun 19, 2024

3.6/5

“RazorpayX for Efficient Payouts”

RazorpayX has allowed us to automate payments to multiple vendors, making our payout process quicker and more reliable. The reporting features help keep our records accurate, though it takes a bit of time to fully explore the platform’s capabilities. Overall, it’s made managing payouts easier for our team.

Pros :

Cons :

Switched from : Pagaar

Reason to switch : We wanted to reduce the time spent processing payments and improve the accuracy of our financial records.

Features

4/5

Value for Money

3.5/5

Customer Support

3.5/5

Ease of Use

3.5/5

Likely to Recommend

7/10

Razorpay Software Pvt. Ltd. Company Details

Brand Name Razorpay Software Pvt. Ltd.
Information Razorpay is India’s first full-stack financial solutions company. We are on a mission to enhance the payment experience of over 300 million end consumers. And in doing so, we aim to enable Indian businesses - big and small - accept payments digitally with minimal effort and maximum ease.
Founded Year 2013
Director/Founders Harshil Mathur / Shashank Kumar
Company Size 1000+ Employees
Other Products Razorpay, Razorpay POS, RazorpayX Source to Pay, RazorpayX Business Banking+

RazorpayX Payroll FAQ

A The price of RazorpayX Payroll in India starts at ?2999 on techjockey.com.
A No, RazorpayX Payroll software doesn't have a mobile app available for users. However, RazorpayX Payroll is mobile-friendly and can be accessed on the mobile web.
A RazorpayX Payroll supports Ubuntu, Windows, MacOS, and Linux.
A RazorpayX Payroll Software works by automating payroll processing, allowing businesses to calculate and disburse salaries directly to employees' bank accounts while managing compliance with tax regulations and providing an employee self-service portal for easy access to payslips and reimbursements.
A The potential users of RazorpayX Payroll Software include startups, small and medium-sized enterprises (MSMEs), and large organizations looking to automate their payroll processing and ensure compliance with tax regulations.
A Yes, RazorpayX Payroll offers demos upon request at techjockey.com.
A No, RazorpayX Payroll Software is not available for free.

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