The Future of Payroll is Here
Powered by our proprietary Input Validator and Aggregator (IVAP), MyPay represents the future of payroll management. Built by experts, the AI-powered software eliminates manual data entry, reduces errors, and accelerates processing times. Experience the power of intelligent automation, tailored to your needs.
- IVAP-enabled predictive analytics
- Real-time payroll cost analysis and forecasting
- Mobile, transparent employee experience
Predictive. Proactive. Scalable.
The MyPay Promise
Cost Optimization
Reduction in payroll processing costs
- AI-powered automation
- Significantly reduce manual processing
- Predictive capabilities for early error detection
Time Efficiency
75% less time spent on payroll processing
- Automated input validation and processing
- AI-powered system for routine tasks
Compliance Assurance
Instantly comply with changing regulations
- Real-time updates to compliance rules
- Automated compliance checks
- Adoption of regulatory changes across jurisdictions, automatically
Cutting Through the Noise
From Manual Payroll to Proactive, Predictive Automation
Data Collection and Validation
Payroll inputs from various sources are collected. The IVAP automatically aggregates data from attendance, leave management etc. Compliance, accuracy and completeness are checked by the AI-powered validation engine. All incoming data is assessed on quality standards and business rules before being processed.
Key features
- Automated data collection from multiple sources
- AI-powered validation checks
- Real-time error detection and notification
- Customizable validation rules
- Audit trail creation
Processing and Calculations
Payroll calculations – salary, allowances, deductions, taxes etc – are processed. Relevant tax rules are applied, and all deductions are considered before a final payable amount is generated for each employee. The system manages complex calculations taking into account multiple factors such as leave, performance and incentives.
Key features
- Automated tax calculations
- Multiple component processing
- Retrospective calculations
- Currency conversion for international payroll
- Compliance rule application
- Tax & Statutory contributions/deductions calculations
Approval Process
Payroll goes through a configurable approval workflow. Payroll is routed for reviews and approvals based on predefined hierarchies and authorization levels. Approvers review detailed reports, compare them with previous periods and either approve or reject with comments.
Key features
- Multi-level approval workflows
- Comparative analysis tools
- Digital signature integration
- Automatic escalation mechanisms
- Audit trail maintenance
Salaries Disbursed, On a Dime
The system adeptly handles disbursement of salaries and other payments. It generates bank transfer files, processes statutory payments, and handles special cases like advance payments or adjustments. Payment instructions are securely transmitted to banks. All transaction records are maintained.
Key features
- Automated bank file generation
- Multiple payment mode support
- Payment scheduling and tracking
- Statutory payment processing
- Transaction reconciliation
Reporting and Documentation
Comprehensive reports are generated and documentation is maintained. Employee payslips, tax documents, compliance reports, and management dashboards are used by the system to produce various standard and custom reports, handle statutory documentation, and digital records for audit purposes.
Key features
- Automated report generation
- Automated wage register & challan generation
- Digital document management
- Compliance documentation
- Analytics dashboards
- Archive and retrieval system
Keeping You Two Steps Ahead, Always.
AI-Powered Input Validation (IVAP)
Predict and avert potential errors before they occur. Unique in the market for its ability to learn from patterns and forecast errors, MyPay can significantly reduce processing time and improve accuracy. The system continuously evolves its validation rules based on historical data and emerging patterns.
Real-Time Analytics Engine
Enable proactive decision-making, instead of reactive. MyPay goes beyond just historical reporting to provide predictive insights, empowering management to take proactive decisions. The analytics engine uses advanced algorithms to identify trends and anomalies, helping organizations optimize their payroll processes.
Global Payroll Processing
Benefit from a single, streamlined platform that works across locations. MyPay is equipped to handle multiple countries, currencies, and compliance requirements on a unified platform, with automated updates. The system maintains current knowledge of international regulations and automatically applies relevant rules based on employee location.
Employee Self-Service Portal
Enable instant query resolution and personalised experiences. MyPay takes a comprehensive mobile-first approach with AI chatbot integration, allowing for rapid query resolution. The portal provides personalized experiences based on employee role and location, with intuitive interfaces for all payroll-related activities.
Configurable Workflow Engine
Map and edit all your intricate workflows, without coding. Allows complex workflow configurations with a no code interface, adapting to any organization's approval hierarchy. The engine supports dynamic routing based on multiple criteria and can handle complex organizational structures.
What You Already Expect from MyPay
MyPay For You
Finance Teams
- Reduction in payroll processing costs
- Reduced resource allocation for payroll management
HR Teams
- 75% reduction in time spent on payroll processing
- Automated compliance with changing regulations
Compliance & Legal Teams
- Automated compliance with changing regulations
- Reduced risk of payroll errors and compliance issues
CXOs and Process Owners
- Reduction in payroll processing costs
- 75% reduction in time spent on payroll processing
- Improved employee satisfaction through transparent payroll processes
- Ability to manage multi-country payroll operations
- Data-driven decision making capabilities
- Consistent payroll processes across all locations
MyPay For You
Every business is different. We get that.
Multi-country Operations
Managing payroll across multiple countries with different currencies, tax systems and compliance requirements?
MyPay transforms your process to manage all your complex requirements seamlessly:
High-Volume Payroll Processing
Having to process thousands of payslips for your large employee base?
MyPay can manage mountains of payslips accurately and efficiently with ease through its:
Complex Compensation Structures
Complex payroll structures proving tedious and time consuming?
Nothing is too complex for MyPay. Multiple types of allowances, deductions, and benefits can be managed with complete accuracy through:
Changing Compliance Demands
Functioning in a highly regulated industry with constantly evolving compliance demands?
MyPay ensures that your records are organised and that you are never caught off guard by changing regulations through:
Direct Lines to All Your HR & Finance Systems
MyPay makes it easy to connect with other enterprise systems by offering flexible integration options, including secure APIs, standard connectors, encrypted flat files, and SFTP. This ensures smooth, real-time and scheduled data syncs while keeping data safe and accurate based on the organization's needs.
HRMS/HRIS Systems
- WorkDay
- Oracle
- SuccessFactors
Time & Attendance Systems
- Kronos
- Replicon
- TimeClock Plus
- Workforce Software
- ADP Time & Attendance
- Local Biometric Systems
Financial Systems
- UPI platforms
- Oracle Financials
- QuickBooks
- Tally
- Xero
- Microsoft Dynamics
- NetSuite
The Strongest Security for Sensitive Data
MyPay implements a comprehensive security framework designed to protect sensitive payroll data at every level of operation. The system employs a multi-layered security approach that combines advanced technology with stringent operational procedures.
Data Security Measures
Data security measures are in place for both data at rest and data in transit. DC and DR are located in two separate locations to ensure disaster recovery.
Certifications and Compliance
ISO 27001:2022
SOC 1 (SSAE 18 & ISAE 3402 - TYPE 2)
ISO 27701:2019
SOC 2 Type 2
All Questions, Answered Here.
How does MyPay ensure data security?
MyPay employs multiple layers of security including encryption, access controls, audit trails, and regular security audits. The system complies with international security standards and maintains strict data protection protocols.
Can MyPay integrate with our existing HRMS?
Yes, MyPay offers extensive integration capabilities with various HRMS platforms through APIs and standard connectors. The system can be configured to work with your existing HR and finance systems.
What level of customization does MyPay offer?
MyPay provides extensive customization options including configurable workflows, custom validation rules, personalized reports, and adaptable user interfaces to meet specific organizational needs.
How does MyPay handle tax updates and compliance changes?
The system automatically updates tax rules and compliance requirements through regular system updates. Changes are tested and validated before implementation to ensure accuracy.
What support does MyPay provide during implementation?
MyPay offers comprehensive implementation support including project management, data migration, system configuration, training, and post-implementation support.
How does MyPay handle payroll for multiple legal entities?
The system supports multiple legal entities with separate configurations, workflows, and reporting while maintaining consolidated views for group-level management.
What reports are available in MyPay?
MyPay offers standard reports covering payroll summaries, tax reports, compliance documents, and analytics dashboards. Custom reports can be created based on specific requirements.
How does MyPay ensure accuracy in calculations?
Multiple validation layers, AI-powered checks, and automated reconciliation processes ensure high accuracy in all calculations.
What is the typical implementation timeline?
Implementation timelines vary based on complexity but typically range from 4-12 weeks, including configuration, testing, and training phases.
How does MyPay handle data backup and recovery?
Regular automated backups, redundant storage, and disaster recovery procedures ensure data safety and business continuity.
What mobile capabilities does MyPay offer?
MyPay provides a comprehensive mobile app that allows employees to view payslips, submit requests, access tax documents, and receive notifications. Managers can approve requests and access reports through the mobile interface. The app supports biometric authentication and works offline for certain features.
How does MyPay handle statutory compliance across different regions?
MyPay maintains updated compliance rules for different regions, automatically applying relevant regulations based on employee location. The system includes built-in validation checks for statutory requirements and generates necessary compliance reports automatically.
Experience the Future of Payroll Management
Join leading organizations that trust MyPay for accurate, compliant, and efficient payroll processing. Schedule a personalized demo and see how AI-powered automation can revolutionize your payroll operations.
