Payroll Outsourcing Companies in Sri Lanka
Payroll process outsourcing in Sri Lanka with Paysquare Consultancy.
We have served a multitude of customers in different domains. Find out how our expertise can help you.
A payroll service provider to fulfil the HR and payroll needs of your business and employees.
When internal payroll processes start hampering your workflows, it is a strong indication towards revisiting the current process and improve the structure.
Are payroll processes too much to handle?
Are you struggling to create process workflows for the payroll department?
International payroll involves a series of tasks, such as payroll calculations, management, MIS reports, assessments, auditing, compliance, risk control, etc. These activities are organized and seamlessly optimized with professional experience. However, as your team increases and business grows, it becomes challenging to handle it all in-house.
For this reason, our payroll processing model helps mitigate costly errors in your workflows and reduces risks of non-compliance, improper taxes, and calculation mistakes. As these mistakes bring nothing but penalties, reputational loss, and fines, we focus on eliminating errors. You can receive proper payroll calculations, timely dispatch, accurate taxes – and overall hassle-free management.
Use our payroll process outsourcing services in Sri Lanka – we will manage your payroll while you improve the efficiency of your core business functions.
Paysquare offers a team of dedicated experts to help you manage your payroll activities in Sri Lanka and internationally without any issues. This includes everything from monthly payroll calculations to employee social benefits contributions.
Our outsourced payroll services in Sri Lanka are cost-effective for every organization. You can optimize your costs of enhanced technology, automation, team management, and any other activity.
Paysquare’s outsourced payroll services in Sri Lanka include report generation. We provide monthly detailed reports for payroll processing to help you understand factors like employee retention, satisfaction, and payroll efficiency.
When you provide sensitive payroll data to Paysquare, we keep it safe. Our team doesn’t disclose the salaries of employees or any company-related data to any third-party or internal employee. We secure your information.
We help you follow compliance regulations as per laws and regulations of Sri Lanka. This allows your business to create a secure tax and fiscal environment, ensuring accuracy, compliance, and peace of mind.
With Paysquare, you receive payroll process automation. With manual calculations, the chances of errors are more. This is why we strategically use automation for payroll calculations and taxes – ensuring accuracy and efficiency.
Benefits of Payroll processing
Payroll processing services are secure and reliable. This means that when you provide details of your employees, business, and sensitive data to the provider, they keep these files safe and secure from theft, cyberattack, etc.
Third-party payroll services are time-efficient for small and medium businesses in Sri Lanka. You don’t need to sit hours calculating payroll, your payroll vendor in Sri Lanka will take care of the calculations on a timely basis.
Accuracy is a major bottleneck in payroll for multi-location. However, your payroll outsourcing service provider may be able to help you improve accuracy through automation and expert payroll evaluation.
The best payroll outsourcing services for SMEs and large companies are reliable. You don’t need to worry about the payroll dispatch and calculations every month. The provider gets it right every single time.
Usually, international payroll services include a self-service portal. This is strategically designed to help employees track their attendance, payroll bifurcation, leave management, payslips, and other payroll-related data.
International payroll services are hassle-free and seamless. You don’t need to keep thinking about payroll or call your provider every day to manage activities. It is hassle-free, peaceful, and doesn’t eat away your time.
Trusted Payroll Outsourcing Partner/Provider in Sri Lanka
When your team is not equipped to manage payroll, either due to technology lag or lack of expertise, you require a trusted payroll outsourcing company in Sir Lanka. Paysquare is a payroll management service offering agile, efficient, and secure services in Sri Lanka.
Understanding the unique needs of different types of organizations, Paysquare has curated outsourced payroll services in Sri Lanka for utmost payroll efficiency and management. You don’t need to worry about payroll calculations or operational efficiency. With better-designed processes, your ROI and efficiency automatically improve.
We are able to offer better services due to our immense experience in India. After working in the domain for decades, we have acquired the expertise to resolve complicated payroll management issues.
Contact us now to hire a trusted payroll outsourcing company in Sri Lanka.
Payroll management and salary disbursements to employees is an environment that dynamically evolves. There is a range of compliance rules, tax regulations, and other payroll requirements. To eliminate risks of non-compliance and errors, Paysquare provides experience, skills, and reliability.
We have immense expertise in the field, which allows us to adjust to the dynamic landscape sooner than later. You can trust us with your calculations and data, and reach out to us when you need expert advice.
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Reliable international payroll services.
Enhanced technology usage.
Custom packages for different companies.
Rapid support and query resolution.
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Frequently Asked Questions
What is Payroll Company?
Every business, small, medium or large needs to process salary payments (payroll) to its employees. This process of doing the entire payroll calculations including tax deductions applicable and the end to end process of managing all the filing and compliances related to the payroll is called payroll processing. A company that offers payroll processing as a service is typically called payroll company. A payroll company make it easy for small, medium u0026 large businesses to streamline their business operations. Paysquare is a leading payroll company in India, which helps organizations in end to end payroll processing. From payroll calculations to tax deductions to finalizing bank files for depositing employees’ salary directly to their bank accounts, Paysquare does it all. Along with all this, Paysquare also provides web based access to employees and HR admins, where they can access their payslips and tax related information through secure logins.
What are the features of Payroll Outsourcing company?
Payroll outsourcing companies help you to improve productivity by saving time, efforts and costs incurred for carrying out payroll operations in-house. Payroll outsourcing companies have a wide range of payroll specialization for different industries, like for e.g. some organizations offer flexible savings accounts, or retirement account options, and some provide specific tax saving proposals, insurance payments helping the business owner to deliver efficient payroll through better productivity.
Improved efficiency of employees
Payroll outsourcing companies process the payroll day in and day out with the high availability of expert pool and better awareness of technical and legal norms. Efficiency is achieved by outsourcing to specialized payroll experts ensuring timely and accurate payroll processing.
Accurate tax returns filing
Tax returns are filed accurately and on time to ensure that there are no compliance related issues. Cost savings is one of the major benefits delivered by payroll outsourcing companies. High penalties can be avoided by making sure that tax returns are filed on time and accurately.
Using best of technology
Payroll outsourcing firms use latest and advanced software programs for payroll processing, tax computation for minimizing errors and delays. This ensures high degree of automation in the entire payroll processing process and ensures that manual errors are minimized or eliminated.
Kick-Start Your Payroll Outsourcing Journey With Us.
Let us sit together for a quick walk through of the payroll and HR solutions, we have on offer for you.