In 2024, increased employee demand for pay flexibility, transparency, and equity will drive significant changes in payroll processing.
As you aim to align your organization’s payroll with your broader HR strategy and enhance efficiency, investing in an automated payroll processing software designed for the modern workplace becomes essential.
In this article, we'll explore 10 leading payroll solutions to help you find the one that best suits your needs, providing links to each platform's website so you can do more research.
But before we dive into that, what are the key features you should look for in a payroll processing system?
What to look for in a payroll processing software
Payroll is a complex yet necessary task that demands precision. Before investing in a platform, consider these essential features.
- Flexibility and customization
- Compliance with local regulations
- User-friendly interface
- Scalability and integration
Flexibility and customization
Every company has unique payroll use cases: multiple payroll cycles, different compensation structures, and employees with flexible work arrangements.
Ensure that your platform can handle any payroll use case your payroll team encounters.
Compliance with local regulations
Managing payroll compliance can be a real pain. One oversight can cost your organization a lot of money (and erode your employees’ trust in the system you’ve built).
Look for a system built to comply with local labour laws, tax regulations, and compliance requirements to minimize the challenges involved with compliance.
User-friendly interface
Choose a software platform with an interface that is easily navigable by your payroll team.
An easy-to-use software is crucial to accurate data entries, and consequently, error-free payroll runs.
Scalability and integration
Lastly, consider the scalability of the payroll system to accommodate your organization’s future growth.
Beyond scalability, it is also important that your payroll software is connected to other HR systems like performance management and request management for seamless data flow.
Some other factors to keep in mind when looking for a new payroll processing system include:
- Cost-effectiveness
- Security and data privacy
- Onboarding and customer support
Top 10 payroll processing software to consider in 2024
These are 10 of the top payroll processing platforms you must consider in 2024.
- Pade HCM
- Workpay
- Seamless HR
- Cadana
- Sage Payroll
- Papaya Global
- Bamboo HR
- Bento
- Earnipay
- PaySpace
Pade HCM
Pade HCM’s payroll processing engine is built to help organizations pay their teams quickly, efficiently, and compliantly, regardless of their locations.
Do you oversee a remote, in-house, or hybrid team? Do you have unique compensation structures that your previous payroll solution couldn’t handle? Or do you need to do away with spreadsheets and make your payroll process more efficient?
With Pade, you have a customizable platform that you can use to execute your payroll strategy.
Organizations like Flutterwave, Mono, Dantata, and TSL trust Pade to handle their payroll processes.
To get an in-depth look at how Pade works, you can schedule a one-on-one demo with one of our payroll experts. Or keep reading to understand what makes Pade unique.
What makes Pade unique?
- Intuitive interface for admins and employees
- All-hands customer support
- Mobile app for employee self-service
- Earned Wage Access
Intuitive interface for admins and employees
We designed the Pade platform so that employees don’t need to be tech-savvy to use the platform. It’s no surprise then that Pade was recognized as one of the best-designed products in 2023.
All-hands customer support
Payroll is serious business and our customer support team understands that.
You will have access to a customer support specialist who understands the sensitive nature of payroll and can help you find solutions to your unique use cases. Here’s what a customer said about Pade’s customer support.
Mobile app for employee self-service
Pade is also available as a mobile app on Google PlayStore and Apple Store. Your employees can use the app to:
- Access their earned wages.
- Download their payslips.
- Request for leave, and so much more.
Earned Wage Access by Pade
Organizations on Pade can also offer Earned Wage Access benefits to their employees on Pade to improve retention and employee satisfaction.
EWA by Pade lets your employees access up to 50% of their earned salary at any time and with zero interest rates.
Read more about EWA by Pade here.
How Pade keeps your payroll team accurate and efficient
Automated payroll calculations
Forget spreadsheets and manual calculations. Pade automates the computing of salaries, deductions, taxes, and benefits, reducing the risks of manual errors.
Customizable deductions and benefits
Do you have specific deduction and benefit needs? Pade’s payroll engine will accommodate your organization’s unique needs tax and policies.
Tax compliance and reporting
Pade helps you stay up-to-date with tax regulations. You will also get accurate tax reports for state and federal authorities.
Employee classification
With Pade you can properly classify your employees (full-time, part-time, contract) and ensure full compliance when paying their compensation.
Same-day direct deposits
Pade significantly reduces your payroll processing time and administrative workload by providing same-day direct deposit capabilities to your team.
On-demand reporting and analytics
You will have access to insights on payroll costs and compensation trends, allowing you to make informed decisions.
Support and training resources
We mentioned earlier that Pade offers you world-class customer support. But that’s not all. We also have a regularly updated knowledge base to assist your team in using the platform effectively.
Do you want a personalized walkthrough of how Pade will help you buld a more efficient payroll process? Book a demo with our payroll experts now.
Workpay
Workpay is a strong alternative to Pade for an HR, payroll, and benefit management platform.
Its features include but are not limited to:
- Payroll automation: Workpay streamlines your payroll processes so you never have to worry about making a double entry.
- Compliance assistance: Workpay helps you stay compliant by handling the heavy lifting associated with computing and remitting taxes.
- Comprehensive reporting: You also get real-time and ready-to-download reports for easy payroll performance tracking.
- Employee self-service: Via the web portal or mobile app, your employees can access their payroll information on the go.
Seamless HR
The third payroll processing platform you should consider is Seamless HR. Seamless HR is an all-in-one HR platform that helps organizations handle their administrative tasks.
Here are a few of its core payroll functions:
- Payroll computation: Avoid payroll errors associated with manual payroll processing by letting Seamless HR run your payroll calculations for you.
- Multiple payroll runs: You have the flexibility to run payroll as many times as you want per month.
- Tax computation: Automatically calculate how much taxes you pay and protect your organization from compliance risks.
- Reporting & analytics: You have access to detailed pre-built reports and analytics that show you the efficiency of your payroll.
Cadana
Cadana is another great payroll software that allows you to hire and pay workers across Africa.
Its features include:
- Multi-currency payments: With Cadana, you can pay your team in their local currency no matter where they are.
- Compliance assistance: Cadana has a module dedicated to helping you stay compliant with your global payroll.
- Real-time insights: Get instant access to your payroll data and make informed decisions about your global payroll.
- Employee self-service: You can provide your employees access to their payslips, contract information, and benefits from a single platform.
Sage Payroll
Sage is the fifth payroll software on this list. It has a whole range of features including, but not limited to:
- Automated compliance: Your global payroll and accounting tasks are automated so you don’t have to bring in in-house tax expertise.
- Employee self-service: Sage lets you say goodbye to paper documentation and give your employees online access to their payroll information.
- Automated payroll: Sage’s fully automated payroll platform takes the manual work from payroll processing so you can focus on other HR tasks.
Papaya Global
Papaya Global is a global payments and payroll platform. Some of its core features include:
- Compatibility with any payroll stack: Papaya’s payroll platform can connect with any other ERP solution so you can streamline your workforce payment.
- Full local compliance and liability: Papaya Global guarantees full compliance and liability to your funds and payment process.
- Same-day payroll execution: Papaya’s payroll system delivers same-day payments ensuring that your workforce will always receive their compensation on payday.
Bamboo HR
Bamboo HR is another HR platform built to help organizations manage their employees throughout their lifecycle.
Some of its core payroll features include:
- Employee self-service: With bamboo HR, your employees can easily find their payroll information online without having to call HR.
- Easy reporting: You have access to different types of payroll reports so you can make smart, data-driven decisions.
- Streamlined payroll computation: Bamboo HR serves as a single source of truth for your employee data so you never have to worry about double data entry.
Bento
Bento is the 8th payroll processing software on this list.
Its features include but are not limited to:
- Streamlined payroll execution: Bento allows you to pay salaries, taxes, and benefits with just a few clicks.
- Easy data reporting: You will get real-time insights into your payroll information.
- Employee self-service: Your employees can track their payslips and apply for benefits via the Bento mobile app.
Earnipay
Earnipay started as an on-demand pay platform but has now evolved to offer payroll processing capabilities to organizations.
Its payroll features include:
- Integrated payroll and benefits: Earnipay helps you save money by eliminating the need for multiple payroll and benefits subscriptions.
- Tax compliance automation: Earnipay automates HR tasks and government filings so that you avoid mistakes that could cost your organization money.
- On-demand pay: Earnipay helps you improve employee retention by offering your employees access to up to 50% of their earned salaries before payday.
PaySpace
The final payroll processing platform that you should consider in 2024 is PaySpace.
Its payroll features include:
- Employee self-service: With Payspace, your employees can request leave and manage their personal information without needing HR.
- Comprehensive reports: You will always have access to reports and analytics that you a breakdown of your payroll history.
- Payroll automation: With Payspace, you can eliminate manual errors associated with spreadsheets and improve your payroll efficiency.
FAQs
What is the best software for payroll calculation?
Pade HCM is the best software for automating your payroll calculations. Payroll involves complex calculations including taxes, benefits, deductions, and allowances.
Pade’s automation helps you reduce the likelihood of errors happening due to manual calculations.
Do you need software to run payroll?
Having payroll software makes running your payroll easier. An automated payroll processing software like Pade offers you the following benefits:
- Reduced payroll errors.
- Reduced payroll processing costs.
- Faster payroll processing.
- Enhanced employee satisfaction.
- Advanced reporting and analytics.
