Ease your payroll burden in one-click
Payroll management is intricate due to statutory compliances. You need a stress-free solution that is accurate, fully baked and very secure.
greytHR is India's best payroll solution bar none. It's unmatched in it's simplicity and tackles all aspects of the payroll process.
Get salaries out in just minutes instead of days! Solve the mystery, rid the misery.
Complete payroll management
Process payroll with a single click
After you’ve configured and implemented greytHR as per your needs, a click is all that you need to process employee salaries.
Use guided payroll processing with checklist
If new to the process/ tool, or you want to review and verify data while processing payroll, don’t worry; select the manual payroll process option to process payroll in a guided manner with the help of an online checklist.
Compute accurate salaries automatically
- On clicking Process Payroll, greytHR accurately and automatically computes salary for all employees including:
- Complete calculation of GOSI (during employee leaves too)
- SIF file generation, as per WPS regulations
- Calculation of gratuity, as per the requirements of MOL or your company policy
- Arrears, revisions, loss of pay, pro-rata salary, etc.
Use extensive reconciliation tools
Verify accuracy in each payroll cycle by using a variety of payroll reconciliation tools at your disposal. Compare current and previous month’s payroll and also, customize salary register and payroll statements as per your needs.
Configurable salary structure
Configure complex salary structures
greytHR’s in-built payroll calculator offers flexibility to handle any type of salary structure. Define highly customizable salary structures specific to your industry standards, specifications, requirements or employee category.
Add unlimited salary components
Add unlimited salary components from our repository to create a salary structure that suits your business needs or industry/ statutory norms/ regulations. Some of these salary components are standard while some are highly specific components.
Automated payroll inputs and payslips
Automate loans and advances
- A growing organization needs to accommodate not just basic payroll but also loans and advances for employee betterment. greytHR’s web payroll also incorporates:
- Monthly/ annual entitlements
- Providing loans with multiple repayment and interest options
- Pausing loan deductions for a specified period
- Automatic closure on completion of repayment
Process payroll with automated payroll inputs
- greytHR payroll software provides you with seamless integration of leave and attendance information for all employees as payroll inputs. This integrated payroll system helps you to:
- Access and select multiple payslip formats
- Process increment components into present salary structure
- Process one-time payment and deductions
- Process full-fledged arrears
- Calculate and automate full and final settlements
- Calculate LOP and LOP reversals
Generate and distribute customized payslips
- Our web payroll is highly flexible. Send mass email salary slips or publish them to the Employee Self Service portal and to the mobile app for real-time access. What’s more, you can also:
- Download payslips for individual or selected employees as PDF files
- Generate reimbursement and settlement payslips separately
Comprehensive Post-Payroll Process
Generate SIF file
Directly generate SIF files (as per WPS regulations) after payroll processing with a single click. Store establishment ID, bank routing code, employee account number and other information easily without redundant data entry every month.
Disburse salaries with ease
- greytHR’s payroll management software allows you to disburse salaries through any bank through multiple payment modes, such as cheque and bank transfers. Also, it has:
- All major bank transfer electronic formats built in
- Batch-wise/ bank-wise payment release
- Status tracker for cash and cheque payments
Generate Accounts JV
Payroll doesn’t end with payslip distribution, reconciliation or disbursement. To have a smooth link between your finance and payroll teams, our payroll system allows you to generate Accounts JV easily via:
- In-built formats for Tally
- Highly configurable JV (split by cost center/ employees)
- Extensive Excel output capabilities
100% statutory compliance
Specify the amounts or components on which GOSI is calculated. Manage GOSI calculations even during employee’s leave period. Generate reports at the end of every month on the deductions and provisions towards GOSI.
Specify the number of days for calculation of gratuity depending on the years of service for each employee. Automate calculation and report generation of gratuity as per MOL or your company’s policy.
Generate payroll reports
greytHR has readymade and standard reports, including statutory reports.
Our payroll management system provides you with multiple configuration parameters for the following reports: