About Payfit
PayFit is a modern, automation-first payroll platform
PayFit is a modern, automation-first payroll platform. It takes a historically dry, complex process and turns it into a high-speed, automated experience. It is the perfect solution for growing SMEs in the UK and Europe that have outgrown spreadsheets but aren't large enough to have a massive internal payroll department. While you pay a premium for the service, the time saved and the reduction in compliance risk provide a clear ROI for most business owners.
Pros & Cons
- You can change a salary or add a bonus seconds before running payroll and see the impact instantly.
- Automated journal exports for Xero and QuickBooks save hours of manual data entry for bookkeepers.
- Provides the autonomy of software with the safety net of human payroll experts.
- It requires almost no training for employees.
- Occasional sluggishness during peak payroll periods
- Lacks support for US or Asian labor markets.
Features
Key features
A standout visual tool that compares the current month’s payroll to the previous one to highlight discrepancies instantly.
An AI-powered assistant that helps administrators navigate payroll queries and generates reports using natural language.
Employees can access their payslips instantly on the portal as soon as payroll is run.
Handles RTI (Real Time Information) and pension submissions automatically to ensure legal compliance.
Automatically calculates salaries, taxes, and deductions in real-time as you make changes.
Additional features
Automatically adjusts pay for mid-month starters or leavers.
Securely stores employment contracts and HR policies for easy access.
Allows users to build reports based on over 300 different data dimensions.
Supports employee-friendly policies like pension salary sacrifice to save on National Insurance.
Manages company-specific perks like health insurance, gym memberships, and "Cycle to Work" schemes.
Tools for setting goals, conducting 1-to-1s, and tracking employee engagement.
Automated workflows to gather new hire info and documents before their start date.
Employees can upload receipts via the mobile app for manager approval and automatic payroll reimbursement.
Real-time team calendars for managing holiday requests and sick leave.
A portal for staff to update personal data, download tax forms (P60/P11D), and view pay history.
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
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About Payfit
PayFit is a modern, automation-first payroll platform
Payfit Details
Payfit's In-App Market Place
Does Payfit have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Accepted Payment Currencies
EUR (€), GBP (£)
Pros & Cons
- You can change a salary or add a bonus seconds before running payroll and see the impact instantly.
- Automated journal exports for Xero and QuickBooks save hours of manual data entry for bookkeepers.
- Provides the autonomy of software with the safety net of human payroll experts.
- It requires almost no training for employees.
- Occasional sluggishness during peak payroll periods
- Lacks support for US or Asian labor markets.
Payfit's Alternatives
Zofi Cash
Zofi Cash is a financial management software from Zofi Cash that provides tools for personal…
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Xceed365 HCM is a human capital management software from Xceed365 Limited that supports workforce management…
Wave
Wave is an accounting software/platform from Wave Financial that provides tools for managing finances. It…
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