Why Paysquare is the leader in Payroll Outsourcing
Paysquare is a specialist in the area of payroll outsourcing and is the preferred partner for a large number of clients. With an exclusive focus on payroll outsourcing and led by a highly qualified team of chartered accountants, Paysquare has consistently ensured over 99% accuracy in payroll
processing across its engagements. Paysquare offers end-to-end services in payroll processing, from basic payroll calculations, meeting statutory compliances, facilitating transparent employee communication, while ensuring complete confidentiality.
The foundation of Paysquare has been built around people who believe in stretching that extra mile to deliver unmatched value in payroll outsourcing engagements. Across our payroll outsourcing engagements, our teams have been able to build strong relationships, based on trust, quality and efficiency.
Our teams make it easy for you to transition to a managed payroll services scenario. We have dedicated incubation teams that help you manage the migration with ease.
During normal operations, we have a 3-tier team structure to ensure proper communication with clients at all levels.
Our talent pool ranges from experienced commerce graduates, highly experienced MBAs, Chartered Accountants among other professional courses.
Paysquare has invested upfront in building strong automation in its payroll outsourcing business. This has been possible because of the vision and foresight of the management team. Because of the high level of automation and strong process culture, Paysquare is able to offer high degree of accuracy and predictability across its payroll outsourcing engagements.
With its highly customizable and robust back-end salary engine ‘Precision’, Paysquare offers complete automation while offering managed payroll services to its clients. Precision has been built incorporating years of experience in managing payroll across a wide variety of organizations.
A real-time synchronization of ‘Precision’ with Paysquare’s web-based ‘myPayroll’ portal offers employees complete access to their salary related information. Employees can access myPayroll using secure logins and provide tax related declarations, submit claims for payroll and non-payroll re-imbursements and can also manage their leave balances. myPayroll also provides a single window for the HR/Finance teams of client organizations to interact online with the Paysquare teams. Powerful MIS reports generated through myPayroll help in making life easy for the HR & Finance divisions.
Processes & Standards
Paysquare believes in following a highly process driven approach with high emphasis on documentation. With its investments in Precision & myPayroll, Paysquare is able to offer a high degree of automation in its payroll outsourcing business. This also ensures accuracy, consistency and high predictability through its customer engagements.
This has ensured accuracy, consistency and high predictability through its customer engagements.
Paysquare follows international standards in its operations and is ISO 27001 as well as SAS 70 Type 2 certified.
• SAS 70 Certified
Statement on Auditing Standards (SAS) No. 70, Service Organizations, is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A service auditor's examination performed in accordance with SAS No. 70 (also commonly referred to as a "SAS 70 Audit") is widely recognized, because it represents that a service organization has been through an in-depth audit of their control objectives and control activities, which often include controls over information technology and related processes.
For details, visit: www.sas70.com
The entire systems at Paysquare is protected from any external threats such as virus, malware or hacking.
Paysquare also has Business Continuity plans (BCP) as well as Disaster Recovery plans ( DRP) in place to ensure that any calamity does not affect business operations of clients.