Payroll management is one of the biggest concerns of many companies. Managing payroll is a real headache for the whole department. The first thing that comes to mind upon reading the word payroll is the salaries of employees. However, payroll does not revolve around the salaries of employees only. It is all about every type of payment. You need to keep an account of every single penny you spend from the budget of your company or you earned through your company.
Keeping this record along with managing the salaries of employees is a time taking and tiring task. However, nothing is a problem in this advanced era. There are a lot of tools that can help you in managing payroll with ease and comfort. For example, you can use paycheck calculators to calculate the salaries of your employees. However, it may not be able to assist you in managing other payroll activities efficiently.
Therefore, you need to have a proper payroll management software program to handle your payroll-related work. There are many payroll management tools available, making it difficult for you to choose any one of them. Don’t worry! We are here to guide you in this regard. Following are some of the top payroll software solutions companies are using. You can pick any one of them.
Oracle PeopleSoft HCM
Oracle is one of the most effective payroll tools currently. It is widely used all over the globe due to its advanced and super-effective features. Following are some of the most common features of this software.
- As it is payroll software, it will help in managing the payroll system of your company
- It will assist you in workforce management as well
- The talent management feature of this software enables you to retain valuable employees
WebHR is a cloud-based payroll management software program that will help you in dealing with all types of payroll-related problems. You can have a free trial to check if this software program can go well with your company or not. The following are the most common features of this payroll software.
- Managing employees is no longer a difficult task with WebHR
- Assists you in dealing with recruitment
- Keep a record of every payment processed through this software
- More than 15 languages are supported by this software management tool
Paycor is an all-in-one human resource management software program. It is a cloud-based tool that is regarded as one of the best software tools ever produced for managing payroll-related problems. Almost all types of businesses including small, medium, and large-sized businesses can get benefits using this tool. Non-profitable organizations can also use Paycor to manage their payroll-related issues. It offers human resource management as well. Following are the features which make Paycor one of the best software for payroll management.
- It is an android compatible software that can be used anywhere in the world from your mobile phone
- Time and Attendance record of employees
- Keeps an account of the benefits different employees are offering and getting from the company
- Onboarding of new employees
- Keeps an account of all types of taxes of the company and employees salaries
- Automation of several payroll tasks
Netchex is probably the top software program that is used by companies to manage their payroll-related issues. It is often referred to as the best Paycor alternative as well. It provides you with all the features that are present in Paycor. But its rate is pretty affordable compared to Paycor. Following are some of the top features of Netchex.
- Tax automation according to the latest tax rates set by regional and federal authorities
- Straightforward payroll processing making it easy for you to understand the process
- Quick and comfortable onboarding of new employees
- Integration of time and attendance of employees by tracking their hours in the company
- All-time customer support to assist you in dealing with any issues you face using Netchex
Like all other payroll management software solutions, this one too is a cloud-based program. It has some highly effective features to help you in managing your company’s payroll system.
- Benefits administration
- Several customizable features and functions
- Time and talent management features
Now it’s up to you which software you choose for your company as all of the above software programs are super effective and ranked among the best ones. We will suggest you go with Netchex. The reason to prioritize it over Paycor is that Netchex is relatively affordable and offers a free trial which is not the case for Paycor.