According to a recent survey aimed at understanding payroll practices and strategies, smaller
organizations are still using in-house payroll systems or just plain paper- or spreadsheet-based
systems, while larger organizations tend to outsource end-to-end payroll management.
Managing payroll is very challenging and critical for Small & Medium Enterprises considering the
constant changing regulations, evolving technologies and involvement of time & money resources.
Benefits of outsourced Integrated Payroll System over Fragmented in-house payroll system:-
Elimination of risk of non compliance
Reduced Investment in IT infrastructure
Streamlined & automated deductions of loan, advances & taxes etc
Error free automated statutory dues and TDS calculations
Generation of documents and reports for various government returns
Reports for management analysis