Top Payfit Alternatives

Payroll management is an issue that affects most modern-day business organizations, regardless of their size. While the bigger ones manage by deploying sophisticated tools and more workforce, startups and SMEs do not have that luxury. They have to carry out a number of mundane payroll-related tasks by themselves to save costs. While this does approach does save them costs, it also leads to a lot of inadvertent delays. Additionally, the errors that come with the manual approach lead to a lot of unwanted confusion among the employees and the HR department. The Startups and SMEs, therefore, need a cost-effective payroll solution, and Payfit provides just that.

The unified solution

In fact, Payfit offers more than that. Payfit is an online platform that provides users with payroll management as well as HR management solutions. The platform eliminates the process of manual payslip generation and offers automated payslip generation features. Additionally, it offers the options to update the payslips instantly and add pay variables to it. Apart from these, the platform also lets users automate their RTI submissions. Other payroll-related options include auto-enrolment and submissions for pensions. As mentioned earlier, the offerings of the platform are not limited to just payroll and extend beyond that to HR management.

Adding more value

Features like a dedicated employee portal, leave management, and expense management is part of the HR management suite. Employees can use the employee portal to access information about their leave requests, payslips, and approvals. The expense management features include options like the automated generation of expense reports and fast receipt scanning. Apart from these, Payfit also offers options that enable simplification of the organization hierarchy and ordered distribution of access controls based on that. Employee onboarding features that enable quick and easy onboarding of employees into the organization is also offered as a part of the package.

The ideal fit

Payfit offers a wide range of features, and this makes it ideal for organizations looking to cut expenses. Apart from startups and SMEs, the tool can also be an excellent option for NGOs and other social welfare organizations that operate on a tight budget.