In a free-market economy, small businesses emerge more frequently than ever before. These businesses offer a varied range of services and aim for stability and gradual growth. Due to a more undersized workforce and tight budget, small business owners and high management often have to take on various roles. Many times, a single person is expected to multitask to finish all daily activities and pick up more speed. The HR team coordinates with the finance team to process payrolls of the employees based on their leaves, overtime, regular attendance, compensatory offs, and encashments. As a small business lacks the budget to invest in superior technology, all the tasks are performed manually.  Technology delivers us on several fronts. In progressing times, the management of tedious processes should be left to automation. A leave management system allows small businesses to focus on growth.   

What is a leave management system with end-to-end payroll?

A leave management system uses cloud computing technology to create an organized network between employers and employees. It provides an error-free and hassle-free recording of data. This type of data is easy to scrutinize and makes payroll processing much more accurate.  The system uses a self-service portal for leave applications, approvals, and rejections. After the manager approves a leave, back-end cards are updated to the HR and payroll team. The standard of payroll processing is alleviated, making it quicker and much more efficient. 

Delegation of Tasks

Most of the time, a small business does not have an official HR and accounting team. The responsibilities are left to a single individual who takes care of accepting leaves and processing payroll. Sometimes the owner may be responsible for handling these activities. A leave management system manages the recording of attendance and absences that eliminates manual checks of data. These daily tasks are handed over to automation. The system immediately notifies the manager about leave applications and contains reminders so that they examine them urgently. The concerned individual can concentrate on other critical business activities. 

Save on Infrastructure Investment

Large enterprises possess their private leave management systems. This stands as quite an impossible investment for small businesses. They are unable to invest in an automated system because their funds get allocated to other trade ventures. A contractual leave management system deducts investment costs in return for a nominal fee. The company can save on a lot of capital by outsourcing leave management services.

View Automated Reports

In a traditional registration of an MS Excel timesheet, it is difficult to enter and separate data as it takes up a lot of time. A small business owner has to assemble reports on their own which may take a day or two. Analyzing reports is very important for a business as it indicates the progress of the enterprise.  Small business owners can get automated monthly and yearly reports from a leave management system about the absences undertaken by their employees. They can estimate each employee's productivity levels as well as future growth potency. A leave management system with end-to-end payroll processing uses these very reports to generate accurate payrolls for the company's employees. Punctual and error-free payrolls increase employee engagement. Excellent employees get retained for the blossoming of the small business.

Document your Leave Policy

Every company is unique with its defining characteristics. All small businesses cater to different strata of society. Therefore, the business needs to determine its own policies to upscale the goods and services they offer. Some businesses earn maximum profit around a particular time of the year, so their employees need to be present in such instances.  A comprehensive leave management system allows the company to customize its leave policies. Employees are informed about these prerequisites in advance without having to consult the manager on a personal basis.

Data Security

Every business owner fears a breach of data protection when involving a third party in its operations. A small business may even lack the resources for legal action if such an incident occurs. It is tough to trust someone with sensitive information about their employee leaves and payrolls. Excel timesheets can be lost or hacked.In this circumstance, a recognized service provider of the leave management system should be relied upon. The system has multiple back-ups to ensure that data stays safe and secure in case of a loss.

How Paysquare helps you?

Paysquare uses the latest technology when providing small businesses with a leave management service. We assure the business of full assistance with their leave and attendance systems that help in effortless approval and rejection of leaves. We aim to reduce aggravations for small businesses and raise their productivity curve by providing automated reports. We secure accurate payroll processing in the safest way possible.

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CA. Vipul Gandhi

Associate Director

Khandhar Mehta & Shah - Chartered Accountants

‘Paysquare’ a perfect match for us as a consultant to deliver the best to our client. It extends User friendly portal for Employees and seamless processing of Payroll including statutory compliance on time! We

Parameshwer Matla

Human Resources

Columbus India

‘Paysquare’ a perfect match for us as a consultant to deliver the best to our client. It extends User friendly portal for Employees and seamless processing of Payroll including statutory compliance on The most valuable service that we get from you is "peace of mind." I know that once I submit our payroll information, everything will happen on time, payroll, pay slips, statutory reports, full and final settlement, returns and I know that we are and will be always in compliance with statutory laws regarding payroll.

Ramakrishna Dabbara

Sr. Manager – Finance

Sumtotal Systems

We would like to take this opportunity to thank you for your continual support till date! Your support especially during this pandemic has been awesome! Be it the TAT (turnaround time) you people are processing our requests, being accommodative in accepting the II, III payroll revisions, working late/ weekends, delivering the reports in time and minimal to zero errors are some of the examples of your commitment towards work & deliverables.

Abhijeet Shete

SENIOR MANAGER- HUMAN RESOURCE

Altra Industrial Motion India

We would like to take this opportunity to thank you for your continual support till date! Your support especially during this pandemic has been awesome! Be it the TAT (turnaround time) you people are processing our requests, being accommodative in accepting the II, III payroll revisions, working late/ weekends, delivering the reports in time and minimal to zero errors are some of the examples of your commitment towards work & deliverables.

Sukesh Baban Dhage

Manager Accounts

Hi Tech BioSciences India Private Limited

On behalf of Hitech Bio Sciences India Pvt. Ltd., Hi Tech Bio Laboratories, Hi Tech Analytical Works & Hi Tech Biosynth Pvt. Ltd., we appreciate your dedication to provide Payroll services to our companies from the approximately last 4 years. We acknowledge the fact that due to COVID-19, situation has become really tough across the globe. We all are forced to stay at our homes and take extra care of ourselves along with family members. It is a privilege to acknowledge you and your consultancy’s efforts and recognize the valuable service that you have provided to us. 

It is always gratifying to work with such great people with extraordinary abilities to provide good and quality service. The kind of response from your side get is fabulous and most memorable with professional culture. Specifically we would like to mention that, your approach towards the client is fantastic, for e.g. response to email is very prompt, continuous touch with client, on time response to queries or questioners’, on time and accurate report sharing. Flexibility to client requirement, Client / customer centric approach etc. Timely payment of salary gives a lot of confidence to all employees and it is due to our partners like Paysquare that Hi tech has never defaulted on its commitment of timely payment of salaries.

Ratnakar Dhakad

Senior Operation Manager

Tecknack Technologies Private Limited

We are very impressed with Paysquare team due to their ability to process payroll very efficiently. We found the implementation team very knowledgeable, supportive and very systematic.

Paysquare is a very matured payroll processing solution and they have well paid down processes to manage first time as well as every month's processing.

Monica Shah

HR Business Partner India

Victaulic Piping Products India Private Limited

Honestly , It has been an amazing experience working with Payroll team as on date . Deepika and Uma has been a strong support to us. They have always been very helpful and co-operative. I congratulate them to run payroll with zero error every month. And I expect the same level of support in future. I am happy to be associated with Payroll team.

Seagate India

Manager

I have been a client of Paysquare for 7 years and their services are fantastic. Migration from the old consultant to Paysquare was seamless. Soon after the migration, Paysquare team was up the learning curve. They never missed the deadlines provided by us. The team is always reachable, and they keep us informed about changes in taxes or government policies which impact payroll. I have complete confidence and trust in their payroll solutions, and we will always recommend them. Any company looking to ease their payroll burden with friendly service and a flexible, secure system should partner with Paysquare.