As a CEO of a payroll software company, I need to know what my competitors are up to. That means I’m often researching about and/or playing around with their products, you know, it’s part of the job. Here, I share my findings from that research, giving credit to those competitors where credit is due and being honest about which products I believe you really need to avoid. And so, there you have it, this review, and in it, I try to be honest, fair, and insightful…
Payroll is an essential part of running any business. But it’s not always the easiest thing to manage. That’s why more and more businesses are looking for payroll software that can automate the process.
If you want to run your payroll more accurately and efficiently, it might be high time to do the same.
We’ve outlined the 5 best payroll software in the market to give you a head start.
What are the Best Payroll Software in 2024?
The Definitive List
1. PayrollPanda
PayrollPanda is Malaysia’s most popular payroll and HR software for a reason.
It has everything you need from payroll software and more. It simplifies the entire payroll process with automated salary calculations, including gross salary, net pay, and statutory contributions like SOCSO, EPF, and EIS. PayrollPanda is also LHDN-approved so you can be sure computations are done in accordance with Malaysia labour laws.
Aside from handling the tedious calculations for you, PayrollPanda can also streamline your payroll runs by automatically generating payslips and processing wage payments via bank integrations.
The software integrates seamlessly with major Malaysian banks as well as accounting platforms like Xero and QuickBooks, enabling smooth payments and easy syncing of payroll data. PayrollPanda also offers employee self-service features, giving workers easy access to payslips, leave data, and timesheets through any device.
As the CEO of PayrollPanda, I might have a slight bias on this, but we’ve built a solid product that we’re immensely proud of. Our long list of users can definitely vouch for it. So if you’re looking to run your payroll easily, accurately, and within minutes, I highly suggest give PayrollPanda a go.
What Do Users Like About PayrollPanda’s Payroll Software?
- Easy to use
- Automated calculations
- Amazing customer service
- Inexpensive
- Modern and minimalist interface
What Don’t Users Like About PayrollPanda’s Payroll Software?
- No 24/7 support, but quality help is just a call away during business hours
Key Features
- LHDN approved
- Statutory form generation
- Payroll management
- Pre-set payroll items
- Employee self-service
- Approval process control
- Vacation/Leave tracking
- Payroll reporting
- Data import/export
- Bank integrations
2. Swingvy
Swingvy is an all-in-one platform for small and mid-sized businesses, offering a wide range of features for payroll and HR.
Swingvy’s interface is pretty easy to navigate, which is great news if you’re new to payroll software. The platform can automate complex tasks such as tax calculations and statutory form generation, ensuring that your payroll adheres to Malaysian statutory requirements. Swingvy also allows for flexibility, with features like multiple payroll runs, including ad hoc pay runs, and prorated pay based on an employee’s join date.
The system’s integration with Xero provides seamless accounting, while its existing bank integrations make automated tax filing and salary disbursement quick and efficient. Additionally, Swingvy enables you to generate custom payroll reports and manage expense claims, offering a comprehensive payroll solution that simplifies the entire process for businesses.
What Do Users Like About Swingvy’s Payroll Software?
- Nice interface and design
- Easy to use
- Covers HR management basics
- Good customer support
What Don’t Users Like About Swingvy’s Payroll Software?
- Slow rollout of new features, restricting access to additional functionalities
- Minor bug issues during implementation
Key Features
- Self-service portal
- Payroll management
- Mobile app access
- Third-party integrations
- HR management
Why not check out our full, and of course completely honest, Swingvy review?
Photo from Swingvy
3. Kakitangan
Another great payroll software worth considering is Kakitangan. It offers several benefits for Malaysian businesses both on the payroll and HR side.
A feature that users especially like is the automated payroll. Kakitangan offers various salary payment automation options and even provides payslips linked with attendance records and tax calculations. The system also generates bank files and is automatically updated in the case of regulatory changes so you can stay compliant.
Aside from streamlining payroll, Kakitangan offers other features for leave management, expense management, and attendance management.
What Do Users Like About Kakitangan’s Payroll Software?
- Automatic statutory-required updates
- Auto-generated Form E/EA
- Unlimited cloud-based storage of data
- Organised spreadsheets
What Don’t Users Like About Kakitangan’s Payroll Software?
- Slow loading times on mobile
- UX feels convoluted
- Hard to access and slow customer support
Key Features
- Leave management
- Attendance tracking
- Claims management
- HR and payroll reporting
- Video tutorials and guides
Why not check out our full, and of course completely honest, Kakitangan review?
Photo from Kakitangan
4. Info-Tech
Info-Tech combines attendance, leave, and claims management systems, providing an all-in-one solution for handling employee salaries and statutory contributions. The software automates payroll calculations, supports essential payroll functions, and ensures compliance with LHDN regulations.
Employers can manage everything from salary disbursement to statutory contributions through integration with major Malaysian banks.
Info-Tech also offers customisable reporting and an intuitive interface, making it easier to manage payroll, reduce manual errors, and ensure accurate, on-time salary payments.
What Do Users Like About Info-Tech’s Payroll Software?
- Easy to use
- Comprehensive payroll and HR features
- Good customer support
What Don’t Users Like About Info-Tech’s Payroll Software?
- Limited customisation options and adaptability
- The interface could be more intuitive
- Advanced features have a steep learning curve
Key Features
- Attendance and leave management
- Itemised payslip online submission
- Expense claim software
- LHDN-approved payroll
- Online statutory contributions
Why not check out our full, and of course completely honest, Info-Tech review?
Photo from Info-Tech
5. HR2000
HR2000 is an all-in-one payroll and HR management software designed to streamline payroll processes and make managing employee data simple.
This web-based platform integrates everything from payroll, leave management, claims, and employee appraisals into one easy-to-use system. With HR2000’s i-Payroll system, both employees and department managers can easily manage leave applications, claims, and other HR-related tasks through its Employee Self-Service (ESS) feature.
The system also supports over 50 bank formats and generates statutory reports for government submissions, making compliance with regulations like SOCSO, EPF, and PCB efficient.
HR2000 is built to improve payroll efficiency with features such as multi-level approval, e-banking, detailed reports, and strong security, including two-factor authentication (2FA). Whether it’s tracking staff salaries, time management, or claims, HR2000 makes payroll and HR management seamless for businesses.
What Do Users Like About HR2000’s Payroll Software?
- Supports more than 50 bank formats
- Works on web and mobile platforms
- Real-time data update
What Don’t Users Like About HR2000’s Payroll Software?
- Slow loading times
- Occasional bugs on mobile
Key Features
- Employee Self Service (ESS)
- One-screen payroll entry
- Claim management
- EPF, SOCSO, PCB, and EIS calculation
- Monthly/daily/hourly payment schedules
- Leave management
Image from HR2000
