Asanify

The Asanify India Payroll System is a software solution designed to streamline payroll processes and ensure compliance with statutory regulations for businesses in India. This system is specifically tailored for startups and SMEs, catering to the needs of finance managers, HR managers, administrators, professionals in the food products manufacturing industry, and professionals in the education finance industry.

Key Features

Payroll Execution on Asanify: According to the vendor, the system allows users to complete their payroll process efficiently. It aims to minimize payment errors and non-compliance risks by ensuring accurate bank transfers of salaries and providing instant payslips on mobile.

Automate Statutory Compliances: The vendor claims that Asanify simplifies statutory compliances by automating various processes. It is said to ensure adherence to all statutory regulations, including Tax Deducted at Source (New/Old Regime), generating Provident Fund ECR Files, handling state-wise ESIC and Professional Tax, and managing Labour Welfare Fund.

Personalize Salary Slips: Asanify offers a feature that allows users to personalize salary slips, reflecting their company's brand identity. Users can also include annexures for employee leave and attendance to provide comprehensive information.

On-time Salary Payments: The vendor asserts that Asanify enables automatic payroll disbursement from any bank to any bank, ensuring on-time salary payments. Users can choose their own pay cycle date to align with their company's needs.

Payroll Integrations with Core HR Management: Asanify provides seamless integration with core HR modules. Users can manage leaves and company holidays, track employee attendance, calculate Loss of Pay (LOP), maintain an employee directory, and generate reports and analytics.

Employee Exits and Offboarding Workflows: According to the vendor, Asanify simplifies the employee exits and offboarding processes through automated workflows. Users can handle multiple exit workflows with a few clicks and accurately calculate payroll gratuity and full and final amounts.

Tax Calculator for Employee Tax Planning: Asanify offers a tax calculator feature to assist employees with tax planning and investments. According to the vendor, this feature includes a gamified investment declaration option, allowing employees to simulate investments and tax regimes to estimate their take-home salary effectively.