6 Best Payroll Software Options for Businesses In Nigeria

Looking for the best payroll software in Nigeria can be a real headache, especially if you’re stuck with outdated software or you run payroll manually. But there’s no need to settle for anything less than the best!

The right payroll software can transform your experience. These innovative tools are designed to streamline the entire process, making it faster, easier, and less stressful.

In practical terms, payroll software automates tasks like calculating salaries, taxes, and deductions. This saves you valuable time and ensures accuracy in your payroll.  Say goodbye to the days of manual calculations and the stress that comes with them.

In this guide, we’ll explore some of the best payroll software in Nigeria. We’ve considered solutions for businesses of all sizes, from solopreneurs to large companies. Each option has its unique features and benefits, so you can find the perfect fit for your needs.  It includes a range of options to explore and find the perfect match for your business.

6 Best Payroll Software In Nigeria

NotchHR:

NotchHR is an all-in-one HR and Payroll software in Nigeria that is simple to use and designed to easily automate HR processes which is perfect for both large and small businesses on a budget. With a range of essential features for effective HR management, it’s the perfect all-in-one tool to build and grow your business.

With NotchHR, You can create multiple salary schemes based on your team’s peculiarities, including allowances, taxes, and pensions. The NotchHR Wallet gives users a unique bank account to handle all payments and transfers

Organisations like Leadway Assurance, Korapay, Drive45, Jendol Stores and many others trust NotchHR to handle their payroll processes.

To get an in-depth look at how NotchHR works, you can schedule a one-on-one demo with one of our payroll experts. 

What makes NotchHR stand out?

• Simplifies all your payroll information, history, and projections: NotchHR isn’t just payroll software, it’s easy to understand and use, even for those not familiar with complex financial systems.
• Trusted, intelligent, and designed to save you time and effort: NotchHR is a reliable system that uses smart automation to free up your HR team for more strategic tasks.
• Rich and Intuitive interface: NotchHR is visually appealing and user-friendly, making it easy to navigate and find the information you need.
• Access to Salary on Demand: With NotchHR, your employees get access to their earnings, whenever they need it, based on how many days they have worked. It empowers your employees to make smart and better financial decisions that improve their well-being.

Features Of NotchHR

Here’s what NotchHR Payroll brings to the table:

• All-in-one Payroll Management: Access historical data, budgeting tools, and payment processing all from a central hub. No more jumping between different platforms.

• Automated Allowances: Simplify calculations and save time by automating allowances for leave, medical claims, and more.
• Effortless Remittances: NotchHR handles tax filings and pension calculations automatically, ensuring compliance and freeing you up to focus on other tasks.
• HR E-wallet: NotchHR provides your company with a dedicated company bank account for easy salary payments, transaction management, and real-time financial insights.

Read more about NotchHR E-wallet here

Workpay:

Workpay is an HR and payroll software suitable for SMEs, startups, non-profit organizations, and remote teams. It offers features like:

• Real-time downloadable reports
• Convenient self-service portal for employees
• Harmonious integration with all other features
• Easy-to-use interface
• Consistent automatic payroll processing

Bento:

Bento is another HR management software offering payroll solutions for small and mid-sized businesses in Nigeria.

Among the top features of Bento payroll software are:

• Accounting integration
• Enable mobile and online payments 
• Customizable reports 
• Offers real-time data, analytics, and time-reporting 
• Workflow management
• Transaction monitoring

Flexi Time: 

FlexiTime Payroll is a cloud-based payroll software designed to meet the needs of businesses in Nigeria.  Features includes:

• Payroll processing
• Leave management
• Expense management
• Reports and analytics

PayDay:

PayDay offers a cloud-based payroll solution that handles all payroll functions, from withholding taxes and deductions to reporting.

Among the top features of the PayDay Payroll software include: 

• Full integration with other business systems
•  Manage Payroll for anyone and anytime from a cloud-based system
• Supports various payment options (from direct deposits to paycards)
• Easy management and payment of third-party payments
•  Real-time reporting

Seamless HR:

Seamless HR is the sixth payroll software on the list. Some of its core features include:

• Supports management of single or multiple companies from a single platform
• Custom payroll reports 
• Allows seamless running of error-free Payroll 
• Advanced payroll reporting 
• Disburse payments directly to your employees’ bank accounts

Conclusion

While finding the perfect fit for your company’s HR and payroll needs can be a hurdle, there are excellent options available in Nigeria. Packed with features to streamline employee information management and payroll processing, the best payroll software in Nigeria can significantly boost your business’s efficiency.  By making this smart investment, you’ll free up valuable time and resources to propel your business forward.

To know how NotchHR can empower your business, request a demo here.