Tag Archive: online payroll

As your organization grows, the demands on your operations ensure you hire human resources and pay them salaries based on their responsibilities and deliverables. Salaries may be fixed or based on performance or a combination of both. Additionally you need to conform to various labor laws that ensure employee benefits.

As the number of variables grows each time you are processing salaries, the chances of errors creeping in increase. You need to keep a track of all your employee details, their attendance, Overtime, performance linked incentives, leaves, expense reimbursements as well as various deductions mandated by labor and income tax laws such as PF, ESI, PT, and Income Tax deductions.

Your salary calculations should be efficient enough to provision for any investments that your employees make and which entitle them to various tax exemptions provided by the Government.

The entire process becomes extremely cumbersome and any errors have serious implications in terms of interest and penalties for delayed statutory compliances as well low employee morale.

Eventually every organization outgrows Excel. In fact, it’s never too early to move to an automated payroll system. Below are key advantages that should be the key motivators for you to establish a professional and automated payroll system:

  • Simplifies data entry, saves time and helps reduce errors.
  • Processing payroll becomes fast and easy compared to manual systems; save on time and extra manpower costs
  • Employee Self-help tools helps enhance productivity across the board; employees can view their pay slips, apply for leaves, reimbursements and declare investments without eating into your quality HR time
  • All payroll information remains in one location, giving you extreme control over your payroll systems
  • Auto calculates all deductions related to labor laws and income tax, and ensures you meet all your statutory compliances
  • All government reporting becomes easy, such as filing PF, ESI returns accurately and on time

eVetan.com which is India’s first pay-per-use online payroll software helps you automate all your payroll tasks in quick easy steps from employee records, attendance management, salary processing and disbursement, to statutory compliances; at rates which the smallest of businesses can afford.

Why eVetan?

Friends, family, ex-colleagues wonder !!!!

Why a venture the concept of which would put the vast majority to sleep…. Considering the team that we have, the backgrounds, the intellect; why of all business ideas was eVetan conceptualized? Obviously, this isn’t a Google-kinds search play, neither an uber-cool consumer portal nor the next-gen social network.

Well eVetan serves a purpose, and it serves pretty well. It’s for the lacs and lacs of small businesses who want to incorporate a professional process in their organizations. Something that till now was only for the big boys; large businesses, which did not have to think twice before implementing an expensive payroll application.

The founding team has had experience of running startups prior to eVetan, and that’s when the concept of eVetan came about. We had the fortune of working with large MNCs and when we started our own entities, the idea was to implement the best that they have in terms of systems & processes into our own startups. Obviously that was not to be. So whether it was a finance control package or an HRMS or a stand alone payroll system; we realized that there was nothing for us. Everything that we wanted had an expensive upfront cost, prohibitive AMCs and features that were more than we ever needed.

eVetan.com is our endeavor to address this need gap. Offer the most reliable and professional industry benchmarked payroll application at prices that small & mid sized businesses can easily afford.

And yes, for our friends, family and ex-colleagues, we will be one of those internet plays that will go onto make money; what with more than 13 mio SMBs as our potential market.

This means we can continue to hire the best talents, offer the most exhaustive online features & quality service to our customers, generate scale & tech efficiencies to continually offer more value for money; and be the one point source of all knowledge related to Indian Payroll & Employee Regulations for SMBs.

Obviously, this isn’t a Google-kinds search play, neither an uber-cool consumer portal nor the next-gen social network…