Are you looking for the Payroll software price in Bangladesh? It’s all here, and we’re sharing it with you.
Processing a company’s payroll traditionally entails calculating wages, taxes, and regulatory components. That takes labor, time, and a lot of paperwork.
Recently, the integration of technology into the business process made payroll processing a matter of time.
However, there is a misconception that this software can only be afforded by big organizations.
That’s not true if you haven’t met the Jibika Plexus yet. This article is all about educating you about the HR Payroll software price in Bangladesh.
Our goal here is to disperse this myth and encourage small companies to use payroll software to tackle traditional difficulties.
Running payroll simply means late hours at work.
By adopting such solutions from the beginning, businesses can easily handle their payroll work.
Here, we’ll go through several key signs that indicate why your company should start using payroll software.
The fundamentals of Payroll Software in Bangladesh
Payroll is a crucial service that allows a firm to make accurate payments to its employees. It encompasses everything pertaining to the distribution of salaries in the form of bank deposits, checks, and other forms of payment.
Payroll also entails keeping track of the payments given to workers and the taxes paid by the company. It’s useful for determining yearly pay for employees at the conclusion of the fiscal year.
Payroll software streamlines the whole payroll process, making payroll management easier and more efficient for organizations. It avoids manual mistakes and reduces paperwork, allowing payroll administrators to finish payroll processing as quickly as feasible.
Payroll processing entails a set of steps in which the employer pays the employees after deducting the required amounts for various reasons. The following are the features that are involved in this procedure.
Salary Information Generation:
Generating salary information has never been easier thanks to online payroll software. This program can handle anything from preparing pay sheets to handling yearly bonuses and leave sheets. A non-accountant now can manage salary data and produce an accurate datasheet.
Once you’ve entered all of the necessary information, the software will produce several sorts of salary sheets for you. You can keep track of all salary transactions for all employees. At the same, you can make a balance between any sort of pay deduction, procedure, bank sheet, and other payroll details.
Time & Cost Management:
All compliance-related documentation and reports will be prepared with minimal effort using the amazing payroll features. It is no longer necessary to spend weeks preparing reports. This web-based payroll solution includes everything you’ll need to handle any payroll-related tasks.
Regular updates and notifications:
Payroll Software helps you with regular updates and notifications to make yourself active about the regular payroll works. If any document change is necessary or salary due dates are coming, this software will assist you with remembering those critical dates. As a result, you will constantly be aware of the many chores that need to be completed. You’ll always have the most up-to-date and accurate information with rapid updates.
Payslip Generation:
This smart software will assist you in generating payslips containing all applicable taxes and allowances/benefits calculations. As a consequence, creating payslips for all of the employees is now a snap. Those payslips are also printable for easy access.
Payroll Report Generation:
You can create any report in under a minute using the Payroll software. Such software has over 100+ reporting templates that can be used to create any type of payroll report. Such as
- Compliance Salary sheet
- Pay Slip
- Salary Envelop
- Salary Denomination
- Extra OT Sheet
- Eid Bonus Sheet
- Punitive Deduction Report
Expense management:
Payroll Software provides a complete expense management solution. It offers solutions by handling various forms of expenses, advances, loans, staff costs, and other incidental charges. This software allows you to keep track of your company’s spending and keeps you up to date.
Data Backup Support:
This incredible payroll software safeguards all of your important payroll data. You don’t have to worry about losing data by mistake because everything will be stored both automatically and manually.
And just by that, payroll software rescues you from any critical circumstances.
Fully Customizable:
This software allows you to personalize any parameter to meet your own business needs. You will have complete freedom to configure the payroll program. This will expedite your work and save you a significant amount of time.
Payroll software price in Bangladesh
Payroll processing is certainly one of the most time-consuming aspects of human resource management. It takes a lot of time and should be done quickly because it isn’t a revenue-generating procedure. As a result, it’s a good idea to make this process as quick and inexpensive as feasible. Payroll software is meant to help businesses focus on more important duties by allowing them to spend less time on payroll runs. Companies may save money in a variety of ways by utilizing payroll solutions. These include critical data verification, penalty avoidance, and the use of the direct deposit.
The price of payroll software is influenced by a variety of factors. Although different pricing schemes are shared by various vendors, all of them follow through with similar features. Some companies charge depending on the number of users, while others charge based on the volume of invoices or quotations submission.
Consider the following aspects when looking for Payroll Software Prices in Bangladesh:
- Free trial
- Subscription on a monthly basis
- Pricing per user
- Pricing depending on quotes
- Software bundle
What is the Jibika Plexus – Payroll software price in Bangladesh?
Jibika Plexus Payroll Software crafted for building a better workplace. Now using this, spend less time processing payroll for your employees and more time expanding your company.
This software offers simple pricing with extensive features. The pricing of Payroll Software is defined based on your company size, employee number, AMC (Annual Maintenance Contract) with cloud service, and so on. Here’s sharing a pricing sample for your understanding.
| Payroll Software usage description | Total Unit | Per unit price/month | Total Price (in BDT) |
|---|---|---|---|
| Single-unit Multi-user (Corporate Edition) | 1 | Tk.2,00,000/- | For a limited period, there is a special free offer running. |
| Software Implementation Charge | — | Tk. 50,000/- | Tk. 50,000/- |
| Support Service Charge (AMC) without Cloud service | Monthly Tk.7,000/- | Tk.42,000/- | |
| After 6 months AMC | Monthly Tk.5,000/- | Tk.5,000/- | |
| Total Payroll Software price | Tk. 92, 0000/- | ||
Annual Maintenance Contract Service Charge List:
| Number of Employee | Only Monthly (AMC) | Monthly (AMC) with Cloud Service |
|---|---|---|
| 1 to 100 | Tk. 5000 | Tk. 8000 |
| 101 to 200 | Tk. 6000 | Tk. 9000 |
| 201 to 300 | Tk. 7000 | Tk. 10000 |
| 301 to 400 | Tk. 8000 | Tk. 11000 |
| 401 to 500 | Tk. 9000 | Tk. 12000 |
Jibika Plexus offers such Payroll software that is simple to use and economical. We’ve developed a unique strategy for implementing the program in your business. This is why we have the highest rate of software implementation success. We require a key individual (Administrator) from your side to assist us in effectively implementing the program. This software integration process is also very simple:
Step 1: Work Order- Along with the account payee check, you must send a work order including all of your payroll needs in hard copy.
Step 2: Software Installation- We’ve done it both ways, so whether you need to set up a local server or a cloud server, we’ve got you covered.
Step 3: Attendance Device Setup- Our system engineer will set up attendance devices and timetables for you.
Step 3.1: Data Entry Process- Following the training, data checking and correction will begin.
Step 4: Initial Software Training- our engineer will support you with 3 to 4 hours of initial stage training
Step 5: Attendance Device Training
Step 6: Advance Training
Step 7: Policy Customization- You have to send to us your company policy via email for customization.
Step 8: Payroll Customization- Our dedicated developers are responsible for the customization. It will take 7 to 15 working days.
Step 9: Report Customization- You have to send us the required format for customization.
Step 10: If any fine-tuning is required after all standards have been met, we will do so.
This procedure will be ongoing.
Step 11: Any software improvements that you have to provide are always appreciated. It is what allows us to improve.
Step 12: For any kind of help, you are welcome to communicate with us via skype, Teamviewer, or Anydesk.
Whether you’re looking for payroll software for the first time or just need to replace your current system, finding the right solution shouldn’t be difficult. If you’re a small business, free platforms will provide you with all you need without breaking the bank. Scalability should be a priority for developing enterprises. Monthly subscription-based solutions are perfect for small businesses since they allow them to add services as needed.
Lastly, Jibika Plexus highlighted the best pricing models for large to small organizations since they are flexible and have additional services that every business would want.
