Get Your Payroll in ` 10
Sumit Sabharwal, Managing Director (India & SAARC), Excelity Global in an exclusive interaction with PC Quest talks about ezpayroll cloud based payroll solution targeting Indian SMEs and Start-Ups
What is the concept behind ezpayroll and what are the USPs?
ezpayroll, is a SaaS based payroll solution specifically targeted at MSMEs and startups in India. Priced from Rs 9.99, ezpayroll addresses the entire gamut of modern and complex payroll needs of SMEs to ease the administrative burdens associated with payroll processing, government-related compliance and scaling up with growing needs while at the same time providing employees with Tax saving options. ezpayroll truly creates a frictionless experience where every employee will benefit, now.
With ezpayroll, SME customers will be able to sign onto a single platform to access their workforce data, integrate their other HCM applications through a secure cloud infrastructure, and easily tackle other payroll related complexities. The solution will offer combined benefits management features such as meal vouchers and medical reimbursements, which will allow businesses to increase efficiency, and at the same time effect greater visibility into their workforce by ensuring all areas of their staff administration are streamlined for effectiveness.
Payroll solution along with benefits like meal vouchers, medical reimbursements, gift cards, fuel cards etc. to give tax benefit to employees Zero CAPEX to setup payroll
What are the HR Challenges for SMEs and how would EZpayroll address that?
Problem SMEs face:
Missing Compliance Administrative Hassles Lack of Data Security and Privacy Inability to provide employees with Tax saving op-tions Trouble getting started and scaling with growing needs
ezpayroll helps resolve these problems:
Zero admin efforts required Protected by SSAE 16 and VAPT audits Start operations in 2 hours
• Eliminate/ Manage compliance risks by providing correct information • Adaptive built-in features for a growing company
What is the market reception to EZPayroll since June and what is the roadmap ahead?
By making it affordable and available to the SMEs, Excelity aspires to have the first-mover advantage in this space. The company is targeting to serve huge number of SMEs. ezpayroll, is first launched in India, and over the next quarter will become available across Asia Pacific. The team is looking at more innovative modules to be a part of ezpayroll like Wi-Fi Timesheet. Another lead-ing edge human resource management application. Wi-Fi Timesheet will help SMEs easy to plan, manage and report employee time.This state-of-the-art app will enable organizations to improve project visibility, optimize employee utilization and make smarter man-agement decisions.
Typically such products and services have been available to large enterprises. With ezpayroll, we are bringing the benefits of professional HR management to small and medium enterprises that will allow them to scale with their employees, efficiently, seamlessly and cost effectively. Typically such products and services have been available to large enterprises. With ezpayroll, we are bringing the benefits of professional HR management to small and medium enterprises that will allow them to scale with their employees, efficiently, seamlessly and cost effectively.
What is Excelity gameplan in terms of newer products and newer geography?
Excelity Global is Asia Pacific’s largest payroll services provider offering end-to- end HR - BPaaS, SaaS, PaaS services. 2017 is proving to be another eventful year for Excelity, with highlights including new partnerships and multiple client deals, due in part to its continued investment in its SaaS payroll platform, ezpayroll. Excelity continues to invest upwards of ~25% of its revenues in its technology and platform, and intends to expand its capability and reach in the near future. Excelity is committed to create more SaaS HCM products using Artificial Intelligence, Robotics Process Automation and Machine Learning that boosts client’s business matrices and optimise employee experience.
Furthermore, at the start of 2017, Excelity announced that it had signed multi-year deals with large multinational clients: India-based Fortis Health (22,000 employees), and Datamatics (8,500 employees). The scope of these deals includes payroll and benefits, and its services in India, with expansion to other countries and services as the relationships progresses. Excelity has also signed a deal with a large U.S. based, global diversified manufacturer for multi-country payroll. Going forward, Excelity will continue partnering with leading companies across APAC, and will broaden its presence in the region by opening a delivery centre in Malaysia and have secured business licenses for sales offices in Australia to open later in 2017. With this strong momentum and continued investment, Excelity will see further growth in the coming years and new client wins in the region. With deep domain expertise and 20 years long-standing commitment to innovation, Excelity enables businesses run better, grow faster and co-create value for all stakeholders.