You might know Zoho from the Zoho CRM or the many other business applications offered by the tech corporation. Now, they’ve launched a new one: Zoho Payroll.
The new payroll solution will streamline and automate your core payroll needs, from compliance to taxes to benefits. Zoho’s applications consistently rank in our top ten lists, whether they’re for streamlining video call meetings or for automating invoices.
Here’s our first look at what to expect from Zoho’s brand-new payroll software: What functions it offers, how much it costs, and where it’s available.
What Zoho Payroll Handles
Zoho Payroll is designed to serve as an end-to-end payroll solution. This includes:
- Federal, state, and local tax compliance across all 50 states with automated calculating, paying, and filing of taxes
- Employee benefits
- Healthcare
- Retirement savings
- Paid time off
- Managing employee contributions to 401(k), 403(b), health savings accounts (HSA), and flexible spending accounts (FSA)
- Mobile-first employee self-service portal (iOS and Android)
- Integration with Zoho People, Zoho Expense, and Zoho Books to enable automatic data syncing
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The self-service portal will let employees view their payslips, benefits contributions, and salary breakdowns, helps them change their tax withholding choices, and lets them exchange messages with HR.
How Zoho Payroll Addresses Key Challenges
Prashant Ganti — Head of Product Management, Finance and Operations Business Unit at Zoho Corp. — offered an exclusive statement to Tech.co, discussing the complexities and challenges of payroll management.
“Businesses are increasingly challenged by constantly changing tax regulations, making payroll management more difficult to manage. Many companies outsource certain aspects of payroll, which can be costly, and smaller companies often rely on manual processes which are prone to errors,” Ganti told Tech.co. “Zoho Payroll addresses these exact challenges by offering a comprehensive solution that automates payroll processing, ensures compliance with federal, state, and local regulations, and provides real-time payroll insights.
Ganti also highlighted one of the biggest reasons why our research team has recommended Zoho software in roundups such as our “Most Simple CRM Systems” guide: Zoho apps integrate very well with each other.
“What makes Zoho Payroll stand out is its integration with Zoho’s HR, accounting, and expense management solutions, providing interoperability between systems.” -Ganti
Zoho Payroll Pricing
Pricing for the new payroll solution starts at $39 per month, plus $6 per month per employee. This price is exclusive of local taxes, however.
How soon get you try it? Zoho Payroll is currently available for immediate use in all 50 US states. Those who want to give it a spin can try the software’s 14-day free trial today.
