If you’re located in Hyderabad and thinking of moving to payroll software and are in need advice as to what to look for and information about the market in general, you’ve come to the right place.
It is for a reason that Hyderabad is also known as Cyberabad. Populated by the giants of tech from across the world – Google, Microsoft, Facebook, Amazon – the IT and ITES sectors are booming in this part of the country. An IT and business hub needs people to run its operations. And these people – employees – need to be managed in a way that is both efficient as well as in a way that promotes employee satisfaction. It comes as no surprise, then, that HR and payroll software have found and continue to find a flourishing market in this historically and culturally rich city that has successfully reinvented itself to stay with the times. If you’re located in Hyderabad, are thinking of moving to payroll software and are in need advice as to what to look for and information about the market in general, you’ve come to the right place.
Payroll software commonly available in Hyderabad can be broadly categorised into two types: cloud-based and on-premise. The key difference between the two is that the first stores all client-related information on the cloud, whereas the latter is hosted internally on client premises. In our view, cloud-based software wins over the on-premise kind. Here’s why.
While cloud-based software requires virtually no infrastructure apart from a laptop with an internet connection, the on-premise kind calls for additional infrastructure for backup as well as disaster recovery. Inconvenient, we thought. In case of cloud software, the cost as well as infrastructure are handled on the vendor end and the client needs to waste no time, effort or cost on these. Additionally, if you’re opting for cloud-based software, you get access to the try-before-you-buy option, enjoy low upfront costs and transparent pricing, and also get to access your information from anywhere in the world – none of which is usually possible with on-premise software.
Other types of HR software, useful especially for SMEs, are leave management software and attendance management software. The icing on the cake is when these come packed with what is known in the industry as ESS, or Employee Self Service. This is a tool that is commonly seen offered by cloud software vendors alone as part of their product. It essentially provides employees direct access to their information, such as payslips, leave data, attendance data, etc., which sharply cuts down on the effort needed from the HR team to roll out/ collect this information to/ from employees.
If you’re looking for a secure cloud-based HR and payroll software in Hyderabad, why not give greytHR a shot? One of India’s oldest and leading payroll software providers, it is hosted on the world-renowned AWS or Amazon Web Server and offers world-class security. Also, it has been designed with SMEs in mind and offers all the above functionalities, integrated with one another for maximum efficiency. It is packed with a host of highly practical features around these functionalities and we think it packs quite a punch when it comes to payroll!