PAYROLL SOFTWARE
Your Payroll process, Streamlined!
Our payroll management system is a cloud based software that highly enhances the management of the employee’s financial records in a hassle-free, automated fashion. This includes employee’s salaries, bonuses, deductions, net pay, and generation of pay-slips for a specific period and loads of other features.
Simplified Month-Ends with Konverthr Payroll Software
Expandable Rules
Flexible and Customizable Salary Components
Simplifying the entire payroll process while offering complete configurability, Konverthr has brought a design revolution to the online payroll management system market. With its range-based salary structure, the software streamlines the automation process for organizations of any size. Experience the ease and efficiency of Konverthr‘s payroll management solution today.
HR PAYROLL SOFTWARE MADE SIMPLE
Effortless Salary Revisions, No Payroll Knowledge Required with Konverthr
Konverthr stands out as the industry’s sole HRMS payroll management system that enables seamless involvement of non-finance professionals, including HR members, in salary operations. With Konverthr, revising and designing compensation plans doesn’t demand prior payroll expertise. Nevertheless, you retain complete control over statutory compliance. Experience the ease and control with Konverthr‘s streamlined payroll management solution.
Payroll Software You'll fall in Love with...
Verify Payroll
Preview and Verify Payroll with Confidence, Konverthr's Pre-Finalization Feature
With Konverthr online payroll software, you have the flexibility to run a preview of the payroll period as many times as needed. The intuitive interface empowers you to review every aspect of the payroll before finalizing. Easily compare changes from the previous pay period and identify adjustments at a detailed level. Simplify your payroll management process with Konverthr and gain confidence in your payroll calculations and results.
RELEASE PAYSLIPS
Flexible Payslip Delivery Options - SMS, email or mobile app or bulk print
Konverthr Employee Payroll Management System provides you with flexibility in releasing payslips to your employees. Choose from multiple formats such as digital delivery through their mobile app, email, or SMS. If you prefer a traditional paper-based approach, you can also opt for bulk printing and postal delivery. Konverthr empowers you to select the most convenient and preferred method of delivering payslips to ensure seamless communication with your employees.
AUTOMATION
Integrated Payroll and Time Tracking Software
Experience the power of tight integration between Konverthr Payroll Software and our Time Tracking products. With this seamless integration, you can effortlessly track employee leaves, attendance, and have the calculations automatically performed, eliminating manual efforts. Additionally, you have the flexibility to reverse leave and attendance entries and handle arrears with ease. Simplify your workforce management with Konverthr‘s integrated payroll and time tracking solution.
EXPENSE MANAGEMENT
Streamlined Expense management integrated with Payroll
Simplify your expense management operations by paying employee expenses alongside payroll using Konverthr. Our software allows you to configure an approval workflow for expenses, ensuring control and compliance. You can conveniently schedule expense reimbursements across multiple payroll periods, streamlining the process for both employees and administrators. With Konverthr, you can effortlessly manage and track employee expenses, providing a seamless experience while ensuring accuracy and efficiency. Experience the ease of integrated expense management with Konverthr‘s payroll solution.
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ACCOUNTING INTEGRATION
Seamless Integration with Accounting Software: QuickBooks and Tally
With Konverthr Payroll System, you can easily create journal voucher entries in your accounting system for different configurable salary components. These entries can be grouped based on location or department, providing enhanced organization and clarity. Additionally, Konverthr offers the flexibility to download data in MS Excel and CSV formats, enabling seamless import into other financial software such as Oracle Netsuite, etc. Experience the convenience of simplified journal voucher creation and data export with Konverthr‘s comprehensive payroll system.
PAYROLL ANALYTICS
Comprehensive Analytics for Budgeting and Compensation Analysis
With Konverthr, you can easily consolidate and analyze your payroll data, employee information, and associated payroll management costs. Gain valuable insights into your workforce costs, identify outliers and patterns, and benchmark your data. Konverthr simplifies reporting and analysis, providing you with a consolidated view of your payroll and workforce expenses for effective decision-making.
Frequently asked questions
What is Payroll Software?
Payroll is basically the process of disbursing salary to the employees of the organization by taking into account various entities such as attendance, leaves, working hours and so on. Konverthr payroll management software enables you swiftly manage your payroll along with the seamless integration with leave and attendance that effortlessly calculates the salaries every month for your workforce.
How much does Konverthr Payroll cost?
Konverthr basically offers three packages for subscription with various add-on features in each of them. The pricing page on the website will give you a complete picture of the costs with respect to the features you would like to opt for.
How does a Payroll Management System work?
Payroll Management System works on these basic principles.
- Gather employee information using biometrics.
- Maintain employee records and data.
- Establish the payroll processes.
- Deliver employee pay to the bank.
- Generate the pay slips.
- Collect the statistics.
All of these details assist the business in processing payments or transferring the salaries to the employees. Payroll system software makes business processes simple and easy.
What are the steps of Payroll?
There are three major stages and eight steps for processing payroll. They are Pre-Payroll activities, Actual payroll process, and post-payroll process.
- Pre-Payroll activities:
- Defining payroll policy
- Gathering inputs
- Input validation
- Actual payroll process:
- Payroll calculation
- Post-payroll process:
- Statutory compliance
- Payroll accounting
- Payout
- Reporting
What is the main purpose of payroll management software?
The main purpose of payroll management software is to automate and manage payroll effectively and efficiently. It includes automatic calculation of deductions for withholdings, such as taxes, retirement, and insurance, then processes payroll. It identifies errors easily while keeping the information organized and automating mundane tasks. As a result, it simplifies the payroll process and saves time and effort significantly. This allows the HRs to focus on becoming strategic HR.
What are the features of Payroll Processing Software?
Features of Payroll Processing Software are:
- Employee Self-Service
- Payroll processing and management
- Direct Deposit
- High-level of security
- Compliance Management
- Reporting
- Tax Filing Service
- Compensation Management
What are the benefits of Payroll Management Software?
Payroll management software helps streamline and simplify payroll processes for the organization. Right from easy salary disbursal and hassle-free calculations to seamlessly ensuring tax and compliance management, payroll software has several key benefits. A few of them are listed below:
- Security
- Compliance
- Transparency
- Time-saver
- Ability to manage payroll across multiple countries
- Reduces errors
- Reliability
What are the types of Payroll?
There are four types of payrolls. The critical distinction is in how they are installed and handled, so they need to be evaluated and pick the one that suits the best for your organization.
- In-House Payroll: It is an approach that a business can implement with less staff.
- Bookkeepers/CPA managed payroll: This might be outsourced to a bookkeeper if specialized expertise is lacking. Bookkeepers and Certified Public Accountants (CPAs) are hired to manage the payroll process.
- Agency managed payroll: A payroll service company can be hired whose responsibility is to process payroll for the entire organization.
- Software managed payroll: Although these are not extensively used, software-managed payroll is progressively gaining ground. Managing payroll using a wide range of online software and services without enduring the time-consuming process of performing any calculations.
Our Smart Payroll Features
Easy setup and on-boarding of employees
Our payroll service helps you choose to work with easy to set up processes without a lot of technical difficulties. Employee on-boarding is smooth and seamless
Automatic payrolls & payslips generation
Ability to automatically compute and process payrolls accurately for each payment period. It should also generate customised payslips and also enable direct deposits into your employee’s bank accounts.
Data Entry & Validation of the attendance
Once the initial data is provided by the organisation, workings and processes are defined on the basis of that specific data only.
Double verification of the uploaded data
Data provided by the organisation will be re-shared for authorisation and double verification.
Authority for changes with the primary employer
Once the salary structure is finalised as per mutual agreement, it can only be modified by the primary employer as and when required and not by us.
The Special Qualities Of Konverthr
These are the features that make it stand out
High Level of Login & Data Security
We provide high level of data & login security with world class encryption of user sensitive data and a 2 Factor authentication based login for user sercurity.
Integrated with Accounting Software
Our software is integrated with all the top accounting softwares to that the data connectivity from our Payroll Software to accounting software is seamless
User Friendly
Our software is very user friendly and we have made sure that using our software is a hassle free affair. Right from the login to the reporting, we have made it simple and clean
Personalised salary components and structure
Able to input different salary components such as earnings, allowances, deductions, and reimbursements for multiple employees with varying pay grades as per your requirements.
Inbuilt Compliance for peace of mind
We have auto calculations of deductions such as Provident Fund, Professional Tax, ESI, Income Tax, etc. Many of these tax laws are dynamic and can change from time to time our software adapts to the same.
Seamless Tax Filing
Your employees should be able to effortlessly file for tax declarations directly from your payroll portal. Reporting tools help generate multiple reports based on your requirements. i.e. A reconciliation report or a summary of professional tax report.
Available 24 x 7 & Secure
QR Code Based Attendance Monitoring
If you have multiple entries, we have a QR Code based attendance system that monitors the attendance and also captures location of the employee when they are scanning the QR Code.
Employee self-service portal
We have an employee self-service portal that can be accessed by your authorised team. This is important as it will allow them to keep track of their salary payments, tax deductions, and other important information in one place. This will also help them update their address and contact information if any changes occur
Runs on the Cloud
The service has the ability to run on the cloud and give you the flexibility to access it from anywhere and from your shortlisted devices and also utmost security with our login watch features.