PayWheel

PayWheel is a payroll software solution designed to automate payroll processing and streamline HR functions for businesses of all sizes. According to the vendor, PayWheel offers tools and features to simplify payroll management. This solution caters to a range of professions and industries, including Human Resources, Finance, Administration, Information Technology, and Manufacturing.

Key Features

Payroll Management: According to the vendor, PayWheel automates payroll processing, including payslips, manager approvals, and customization options. Users can set roles and responsibilities for HR, administrative staff, managers, and employees.

Employee Self Service: PayWheel replaces paper punchcards with digital access for employees. Users can access personal, work, and investment information through a secure online platform or mobile app. According to the vendor, employees can submit tax planning information and download essential documents such as payslips and official letters.

Time & Attendance: PayWheel offers attendance verification tools, including web check-in and integration with biometric devices. Users can track employee hours and monthly attendance for productivity analysis. According to the vendor, employees can clock in and out online and submit digital timesheets.

Leave & Holidays: PayWheel allows users to customize holiday calendars with various types of holidays. Managers can view and approve leave requests online. The system automatically tracks leave accruals, carry forward, encashment, and flexible week off options.

Reimbursements: PayWheel enables users to establish rules and approvals for travel, meals, and other expenses. Employees can upload receipts for verification and reimbursement requests. The system allows users to set limits for individuals and teams and track reimbursement history.

Informative Reports: According to the vendor, PayWheel provides insights into employee productivity, payroll compliance, and leave management. Users can generate reports on salaries, reimbursements, income tax, and more. The system integrates seamlessly with accounting tools or allows for data export/import as needed.

Statutory Compliance: PayWheel offers instant summaries and reports for government-compliant reporting of Income Taxes, EPF, ESIC, and Professional Tax. The system ensures accurate calculation, withholding, and reporting of statutory benefits. According to the vendor, PayWheel helps users stay updated with Indian Government regulations and labor laws.

Data Protection: PayWheel stores employee Personally Identifiable Information (PII) in encrypted databases. Users can assign roles and permissions based on managerial responsibilities. The system implements redundant data backups and password management options.