Outsource Payroll Processing Services | Payroll Processing Company

Our experts at your disposal.
It has been observed that some companies have already invested in PAYROLL/HMRS systems and intend to benefit from this investment. It is also been observed that while doing this, a lack of expertise can make the entire investment a liability rather than an asset.

Finsmart Solutions onsite payroll processing services offer to make this investment the best asset by deploying domain experts at customer location to process monthly payroll.

This solution is extremely beneficial for the client because he gets benefits of outsourcing payroll management services with inhouse software and data availability.

Under this service model – along with regular payroll processing activities we also manage below additional activities :

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On boarding new employee.

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Processing monthly payroll considering the latest amendments.

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Full and Final settlements processing.

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Quarterly return filing (FORM 24Q).

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Input collection, consolidation and validation.

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Processing of reimbursements and arrears.

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Providing mandate and customized reports.

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Flexi – Benefits Management.

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Creating employee in system.

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Employee query handling.

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Processing investment declarations and actual.

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Year End Activity (FORM 16).

Major Advantages to Outsourcing Payroll Processing Services to Finsmart

 Some of these benefits of our payroll processing services include:

  • Saving time can be used to focus on other business strategic activities.
  • Saving costs to hire and pay to human resources to calculate payroll in-house
  • Ensuring statutory compliance with any new tax regulations 
  • Keeping your payroll processes confidential, secure, and compliant
  • Streamlining management systems with direct deposit

Top 5 benefits of outsourcing payroll processing services

  • No more IRS (Internal Revenue Service) penalties
  • Employees get the advantage of direct deposit
  • Get specialized service from your freelancer
  • Be assured that the latest tax tables are being used
  • Save time and cost by outsourcing payroll processes and focus on your core business
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Have Questions?

FAQ'S

Finsmart Solutions believes in accuracy and transparency in both our bookkeeping and methodology. If anything remains unclear and you have a question not covered in this FAQ, please send us a message, and we will be happy to get back.
How does Outsourced Bookkeeping work with Finsmart Solutions?

With new technology, working as your virtual accountant has become simple. You save documents either on your desktop or on cloud storage ( e.g. Dropbox, Google Drive, or HubDocs), and we access them from here! Our team is well trained to work on the accounting software of your preference. If the software is cloud-based, we can access it directly, and if it’s on your desktop, we can access it through a remote desktop connection*.

How do I stay informed about work done by Finsmart Solutions?

We provide daily updates about work done today to the client by email. It is further followed by weekly review calls and monthly review management calls. So, this helps you to stay updated with work status at any time. If you already have some reporting system working at your end, we would be glad to use it. If you already have some reporting system working at your end, we would be glad to use it.

What time zone do you work in?

We have the flexibility to work in any time zone as preferred by the client, be it real-time, overlapping time or offshore time.

Whether my data would remain safe and confidential?

As we deal with sensitive data of client, security and confidentiality is a priority for us. Some of the measures taken are listed below:

1) Limited Access to the Internet

2) Restricted Access to Data

3) Disabled USB ports

4) Secured Network

5) Continuous Monitoring

6) Password Protected Systems Etc.

Also, while accessing the remote server of clients for input, we ensure the data is accessed & kept on client servers only, ensuring the security of data and custody of the data always remains with you.

Is support included in the contract? Can I ask questions?

Yes! Support is included as part of the contract at no extra cost. A dedicated account manager will be assigned to you, who will be available over email or phone to resolve your queries. The turnaround time will be a day at max.

How does pricing work?

Our pricing works as a simple monthly subscription. The pricing is based on the scale of operations and work scope outsourced to us.

Do you charge hourly fees if I have questions or need help?

No, there are no extra fees for asking questions; we encourage it. Your monthly plan price covers everything.

How do prices change as I grow? Will my plan price keep changing every month?

We understand the importance of predictability. Your prices won’t fluctuate every month. While our pricing is based on monthly transactions, there are only price changes every year to adjust for increments and a change in the scale or scope of work. A sudden increase in transactions might initiate a discussion, but the same is mutually discussed and finalized.

What is your cancellation policy? What if I prepaid for the year?

We want you to work with Finsmart Solutions because you’re happy with the service, not because you signed a contract. You can cancel anytime with a three month notice period, and we will refund the balance amount.

Can I speak to someone who has or is working with you?

Yes of course! We want you to be sure that you are making right decision by choosing us and hence we would be glad to share our references with whom we are working with.
However this can be done post our initial discussions about your service requirements and our proposed service offering.

Focus on what’s Imporant

Let’s talk in Detail

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    Have Questions?

    FAQ'S

    How does Outsourced Accounting work with Finsmart Solutions?

    With new technology, working as your virtual/outsourced accountant/partner has become simple. You can opt for any of the following delivery models: Remote, Visit Based Or Dedicated Resource and we would be able to customize the solution accordingly. Our team is well trained to work on the accounting software of your preference ensure deliveries are met as per the set date plans.

    What time zone you work in?

    We have the flexibility to work in any time zone as preferred by the client, be it real-time, overlapping time or offshore time.

    What is your cancellation policy? What if I prepaid for the year?

    We want you to work with Finsmart Solutions because you’re happy with the service, not because you signed a contract. You can cancel anytime with one month notice period

    Can I speak to someone who has or is working with you?

    Yes of course! We want you to be sure that you are making right decision by choosing us and hence we would be glad to share our references with whom we are working with.
    However this can be done post our initial discussions about your service requirements and our proposed service offering.

    Let us do your books so you can run your business.

    Contact us today to learn more

      Finsmart SolutionsHQ
      Electronica Finsmart Solutions Pvt. Ltd.
      1, Mandakini, S.No. 64/24,
      Income Tax Office Lane, Erandwane,
      Pune, Maharashtra -411004 INDIA.
      Our locationsWhere do we Serve?
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      Get in touchFinsmart Solutions Social links
      Finsmart SolutionsHQ
      Electronica Finsmart Solutions Pvt. Ltd.
      1, Mandakini, S.No. 64/24,
      Income Tax Office Lane, Erandwane,
      Pune, Maharashtra -411004 INDIA.
      Get in touchFinsmart Solutions Social links
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