5 Best Payroll Software For Large Companies
Quick links for the Best Payroll Software
1) Best Overall 🏆
RazorpayX
A leading fintech company, simplifying online payments with innovative solutions for businesses.
2) Efficient Payroll🥈
Zoho Payroll
Streamlined payroll software, ensuring efficient salary processing and compliance for businesses of all sizes.
3) Smooth Transactions🥉
Paycom
A streamlined HR and payroll software, simplifying workforce management for businesses efficiently.
So, you are in the market for a Payroll Software that suits Large Companies.
Ideal, because in this article we have our compilation list for our top picks, and we compare the features and pricing for you.
If you just want the best choice, we’ve added that right at the top of the article as this was what is most requested by our customers. So, that’ll be the “can’t go wrong” option.
Otherwise, feel free to explore all the options we’ve reviewed on the market to find something that might fit you a little better.
Enjoy the list!
The Best Payroll Software Specifically For Large Companies
Enterprises often employ a large workforce and provide employee benefits like retirement plans and insurance schemes. Payroll software that allows large companies to effectively onboard new recruits, track billable hours and stay tax compliant will be the perfect fit for this category. Have a look at the products below to choose the best payroll software for large companies:
1. ADP
ADP allows businesses to pay employees in minutes with an intuitive payroll experience. It caters both small and large businesses by offering a scalable platform. ADP calculates, deducts and files taxes to ensure you maintain compliance. Additionally, ADP lets you create a professional employee handbook for swift onboarding.
ADP Features
Here are some exclusive features of ADP:
Payroll Module: ADP offers a payroll module that works for small businesses and midsize to enterprise companies. It provides you with an automated payroll system that handles taxes and compliance. Additionally, ADP gives you several payment options like; direct deposit and cheque delivery.
Time & Attendance: The time & attendance module comes with time tracking and workforce management. You can set up time tracking on company devices and point-of-sale tablets. After employees track time, the data integrates with the HCM to automatically calculate payroll and ensure compliance. Additionally, managers can use dashboards to spot trends using analytics.
Benefits Management: The benefits management module lets you administer employee benefits, offer retirement plans, access group health insurance and purchase business insurance like workers comp. Employees can use the self-service portal to compare and select insurance plans during open enrollment periods and submit selections to HR.
Benefits Advisory: ADP also offers benefits advisory services to help management make the best decisions about benefits packages. Moreover, you can outsource some HR administrative tasks to ADP if you're having an extra workload.
SaaS System: ADP is now a software-as-a-service system, making it easily accessible. It makes ADP very flexible and allows your team members to clock in, request time off and view pay stubs. With its intuitive design and clean interface, ADP provides a quality user experience.
ADP Pricing
ADP offers on-demand pricing for its subscription plans.
Businesses with less than 50 employees can select between “Essential”, “Enhanced”, “Complete”, and “HR Pro” subscriptions.
Enterprises can select between “Payroll Essentials”, “HR Plus”, “Hiring Advantage”, and “Performance Plus” subscription plans.
2. Justworks
Justworks helps you run payroll seamlessly and takes care of benefits deductions and tax withholdings. You can make vendor and contract payments, onboard recruits and approve vacation requests without any extra charge. Additionally, Justworks comes with a time tracking integration to help you determine accurate billable hours.
Justworks Features
Here are some exclusive features of Justworks:
Employee Benefits: Justworks helps you meet the diverse needs of your team with access to a greater variety of employee health insurance plans. Your employees can seamlessly enroll-in and manage their coverage plans within the Justworks platform. Moreover, Justworks' data-driven underwriting process provides you with a holistic view of your team's requirements.
Efficient Payroll Platform: Justworks simplifies the online payroll process and automates direct deposits for full- and part-time employees. Additionally, you can sync timesheets with Justworks and streamline payroll with a robust time-and-attendance platform. Justworks ensures you comply with your local and federal employment regulations.
HR Management: Justworks handles the administrative HR tasks that bog you down, letting you focus on business expansion. You can onboard employees through the online dashboard and track business insights with customized reports. Justworks highlights the most relevant data points and presents them in a comprehensible manner.
Employee Management: With Justworks, you can manage all employee-related actions on one platform. It offers your workforce a self-service portal where they can access pay stubs and put up time off requests. Similarly, managers can approve or deny vacation requests within Justworks.
Full-service Support: Justworks provides full-service support for technical glitches or onboarding problems. You can access better employee benefits and streamline payroll with Justworks. Additionally, Justworks' certified HR consultants are available round-the-clock to offer tailored guidance.
Justworks Pricing
Justworks offers 2 Subscription plans for its payroll and HR management solution.
The “Basic” plan is priced at $59/month/employee and $49/month for your 50th employee onwards. It includes off-cycle payments, payroll tax filings, reporting and commuter benefits.
The “Plus” plan is priced at $99/month/employee and $89/month for your 50th employee onwards. It includes COBRA administration, medical insurance, health advocacy services and HR consulting.
3. OnPay
OnPay is a precise HR and payroll management platform that keeps accurate records and ensures tax compliance. OnPay strives to increase your team's productivity levels and makes onboarding easier with minimal paperwork. OnPay lets you focus on business expansion while it manages your payroll.
OnPay Features
Here are some exclusive features of OnPay:
Full-service Payroll: OnPay is a fast platform and does all the heavy lifting. You can run multiple payroll schedules for different employees, withhold all payroll taxes, deduct garnishments and get detailed payroll reports within OnPay. Additionally, OnPay lets you save custom views with its report designer.
Special Payroll Services: OnPay caters every small business's specific requirements without extra charges. Restaurants can calculate tipped wages, nonprofits can get exemptions from federal unemployment tax, and farms can process separate tax filings for agricultural workers and non-farm employees.
Accountant Dashboard: OnPay offers an accountant dashboard where you can view your clients and stay on top of all payroll-related tasks. Moreover, OnPay supports integration with Xero and QuickBooks, helping you precisely keep records and manage accounts. With OnPay, you can maintain a profitable wage structure and organize all transactions.
Employee Self-service: OnPay provides your employer with a self-service portal where they can do self-onboarding, access pay stubs or personal tax documents and pull employment data from the records. OnPay ensures your employees have the access to intrinsic information and can choose their benefit plans.
Essential HR Tools: OnPay lets you create automated onboarding workflows and kick off the process with a customizable offer letter. It automatically reports new hires to the state and lets you delegate non-HR tasks. With OnPay, you can review custom personnel checklists and use built-in document templates.
OnPay Pricing
OnPay charges $40/month as a base fee plus an additional $6/month per person. OnPay offers one simple price for its payroll management platform and unlocks all functionalities.
4. Zoho Payroll
Zoho Payroll is designed to help your business maintain federal and state tax compliance. It is an end-to-end platform that does everything for you, whether it's onboarding employees, or streamlining your payroll administration. Additionally, it is tightly integrated with the Zoho ecosystem and imports your payroll data automatically.
Get Started with Zoho Payroll🔥
Zoho Payroll Features
Here are some exclusive features of Zoho Payroll:
Employees Management: Zoho Payroll ensures you chart the right course for managing your workforce from the day you hire your first employee. It offers fast employee onboarding and tax form generation plus manages exits efficiently. Moreover, your employees can view their personal details and access pay stubs on the Zoho Payroll platform.
Payroll Processing: Zoho Payroll offers intuitive features that help you prepare your pay runs and validate payroll input. You can generate gross to net pay stubs, personalize pay schedules, do online salary payments and reward employees with bonuses. Zoho Payroll ensures swift processing and efficient management to maintain your wage structure.
Payroll Benefits & Accounting: Zoho Payroll lets you associate non-wage benefits like retirement plans, health insurance and taxable benefits with employees. You can reward diligent employees for disciplined attendance by paying out unused leaves. Additionally, Zoho Payroll lets you choose expense liability accounts to track benefits automatically and prevent last-minute reconciliations.
Payroll Metrics: With Zoho Payroll, you can generate single-click reports that reflect your payroll. It lets you analyze your organization's payroll expenses with a summary report that classifies all financial contributions. Additionally, you can export the reports in multiple formats for deeper analysis.
Payroll Administration: Zoho Payroll ensures you make light work of time-intensive admin tasks and organize your wage structure efficiently. You can personalize the email templates by adding a human touch to your automated messages and turning on notifications for upcoming pay runs and tax filings.
Zoho Payroll Pricing
Zoho Payroll offers 1 Subscription plan for its Payroll management software. It is priced at $19/month plus an additional $3 for every employee and offers automatic payroll calculation, digital pay stubs, a self-service portal and direct deposit of salaries via Forte.
5. RazorpayX
RazorpayX is a payroll disbursal and management software that automates payments and filings of compliances like TDS, PF, ESI and PT. RazorpayX ensures you can focus on growing your business by maintaining tax compliance and efficiently organizing your payroll. Moreover, it lets you do transactions from your current account and deposit salaries directly into an employee's bank account.
RazorpayX Features
Here are some exclusive features of RazorpayX:
HR Management: RazorpayX assists your HR department to manage the employee lifecycle from onboarding to exit. You can generate offer letters from predefined templates, process reimbursements seamlessly and access the employee directory. Additionally, RazorpayX ensures your employees can add custom holidays with their manager's approval.
Leave Management System: RazorpayX lets you set leave policies that fit your company culture. Your managers can view the attendance report of employees, plus RazorpayX automatically factors in the employee holidays while calculating salary. Additionally, you can integrate RazorpayX with Slack and handle all approvals on one platform.
One-click Payroll Processing: Managing payroll is no longer a time-consuming process. With RazorpayX, you can eliminate manual efforts and automate the payroll process accurately. It lets you add incentives or bonuses during processing, automates compliance payments and generates insightful payroll reports.
Statutory Compliance: RazorpayX offers the best payroll compliance automation in the market. It deducted TDS returns accurately for employees according to their tax declaration and chosen regime. Moreover, you can control professional tax registration and return filings within one interface.
Group Health Insurance: RazorpayX offers group health insurance for businesses to safeguard employees' interests. It provides automated insurance management upon employee onboarding and exit. RazorpayX has the best claim settlement rate and is one of the few payroll software that offers health insurance.
RazorpayX Pricing
RazorpayX offers 2 Subscription plans for its payroll management system. You have to pay a base charge of $1.5 per employee.
The “RazorpayX with Current Account” offers 250 free payouts every month, guided account opening, scheduled payouts and priority support.
The “RazorpayX with Virtual Account” does not offer free payouts. It supports vendor payments, approval workflows and API payouts.
Why use Payroll Software at all?
Every business has to deal with tax filings, employee regulations and financial transactions. As your organization scales, your demands get bigger, and so does your workforce. At one point, it becomes troublesome to depend on manual entry from your accounting team. You must cross-check every detail and still can not be certain about missing out on errors.
Payroll software helps you manage employee onboarding and payroll, plus file accurate tax returns. You can schedule payments and recurring deductions to keep your payroll running even when you're unavailable. Additionally, you can offer employee benefits like retirement and insurance plans to your workforce.
Why should Large Companies use Payroll Software?
As an enterprise, you have to constantly make new recruitments, provide employee benefits that attract top talents and keep your payroll running. Handling everything manually or through spreadsheets can drag on and cause troubles later on.
Payroll software ensures your HR team get all the necessary assistance during the recruitment, screening and onboarding process. Your hirings can use the self-service portal to choose employee benefits, update records and access training sessions.
Additionally, Payroll software ensures you stay tax compliant by accurately calculating your returns and filing them periodically. It's the perfect tool for putting your payroll on autopilot and focusing on elevating your business success.
The secret behind a successful enterprise is that it never stops incorporating new technology and striving for growth. With Payroll Software, you ensure your business is well-equipped to deal with the ever-changing tax regulations and payroll demands.
Payroll Software for Large Companies, A Summary
Enterprises, just like every other business, must comply with federal regulations and labour laws to protect the interests of the employees. Payroll software enables you to provide additional benefits to your workforce, calculate accurate tax returns and add performance-based incentives. It enhances your work culture by automating recurring tasks and helps you thrive.
ADP offers quality payroll management tools for enterprises and streamlines the onboarding experience. It is our suggested pick for payroll software that suits large companies. Visit the website to get started.
What Payroll Software would you recommend?
In short, It's RazorpayX
Empowering businesses with seamless payment solutions. Accelerate transactions, enhance customer experience, and ensure secure, hassle-free payments. Simplify online transactions, scale your business, and optimize financial operations with Razorpay's cutting-edge payment technology.
“🚀Try Razorpay.com CRM For Free, It's my favorite payroll software to use and recommend.” -Scott Max
RazorpayX is a revolutionizing payments with innovative technology. Offering businesses a robust platform for effortless, secure transactions. From startups to enterprises, empower your business with streamlined payments, comprehensive insights, and exceptional user experiences. Elevate your payment processes and drive growth with Razorpay's cutting-edge solutions.
For more details, read our Razorpay.com Review.