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July - 2014 issue

Paysquare: Striving to Reform Payroll Outsourcing

By Karishma Borkakoty

Over the years, customers from different industries have been trying to revamp the way they manage payroll services for their employees. While managing payroll, organizations also need to adhere to statutory compliances. Paysquare, an ISO 27001 as well as ISAE 3402 – SSAE 16 certified company headquartered in Pune, provides simplified payroll services coupled with related statutory compliances to its clients spread across various regions. Working in the payroll domain for over 14 years, Paysquare is proud to be serving 300+ clients across India and a few international locations.

Having established itself as a significant vendor in the payroll outsourcing services space, Paysquare has put in much to incorporate various technology-based automation tools intended to simplify the payroll process. ‘Precision’ is one such customizable tool, which works as a back-end salary engine, offering complete automation while offering managed payroll services to its customers. Coupled with its web based tool ‘myPayroll’, it offers convenience and ease of use to employees and HR departments across its customers.

Paysquare operations also ensure Business Continuity and disaster recovery with comprehensive Business Continuity Plans (BCP) and Disaster Recovery Plans (DRP). The company also provides monthly, quarterly and annual reports for filing e-TDS returns for Income tax along with Form 16 in digital configuration which is accessible on its web based self-service portal (myPayroll).

With an aim to be recognised as one of India’s most reliable provider of payroll outsourcing services, Paysquare plans to expand its presence within India as well as other international locations.