Skip to content
Payroll Software for Financial Services

Payroll Software for Financial Services

Your loan officers and collection staff are out in the field all day, your sales team changes every month, and HR still puts attendance together from WhatsApp messages. Niyuk keeps attendance, leave and pay for every team in one place.

Book a free demo Signup
Trusted by HR teams and people leaders
Chimpare Harnex Sphinx Solutions TechEra TechnoVision WebMaxy Ultra Palladian Designers

One Payroll for Field, Branch and Office Teams

One set of employee records for everyone who sells, collects and services your business.

A financial services firm has people in very different places. Loan officers, collection agents and field sales staff spend the day visiting customers. Branch staff handle walk-ins and paperwork. Operations, credit, accounts and support work from the office. New people join and others leave almost every month.

With Niyuk, field staff check in from the mobile app, branch and office staff by biometric device, and all of it feeds into payroll from the same employee records. Joiners are added once and exits are closed in the same system, so head office runs one payroll for everyone.

Capabilities

Key Features of Niyuk Payroll
Software for Financial Services

Eight things HR and accounts will use every month.

Book a demo

Why Financial Services Firms
Struggle With Payroll

Most firms start with a branch register, field reports on WhatsApp and an Excel sheet. These are the problems that show up as the team grows.

Field staff are never at a desk

Loan officers and collection agents start their day at a customer's door, so a branch register cannot show if they worked.

People join and leave every month

Sales and field roles turn over fast, and a joiner added late or an exit missed means a wrong salary.

Fixed pay plus extras

Allowances and additional payments sit on top of salary, and working them out by hand leads to disputes.

Many small branches

Branches and field offices in small towns each keep attendance their own way, and HR collects it all at month end.

Deductions as you grow

PF, ESI, TDS and professional tax need more care as headcount rises across states, and mistakes are slow to fix.

Pay questions from the field

When field staff cannot see how their salary was worked out, they call their manager, who calls HR.

01

Every Pay Run at a Glance

See how many employees were paid each month, the amount paid out and whether the run is a draft, approved or paid.

Book a demo
02

One Register for Field, Branch and Office

Gross pay, deductions and net pay for each employee in one register, so you can check it before salary day.

Book a demo
03

Payslips That End the Calls From the Field

Earnings, deductions, net pay and days paid on one payslip, so staff can see how their salary was worked out.

Book a demo
How it works

How a Financial Services Firm
Runs Payroll on Niyuk

  1. 01

    Add field, branch and office staff

    Enter each employee's role, location, joining date and salary structure once.

  2. 02

    Keep attendance and leave

    App, GPS and biometric check-ins build up through the month.

  3. 03

    Run payroll

    Salaries are worked out with attendance, allowances, extras and deductions.

  4. 04

    Check the numbers

    HR and accounts review gross pay and deductions, then approve the run.

  5. 05

    Share payslips

    Each employee gets a payslip with earnings, deductions and net pay.

  6. 06

    Keep the records

    Each month's payroll stays saved for your auditors and later reviews.

Financial services professional in a suit holding a tablet
One Platform

HR and Payroll in One Place for Financial Services

When records, attendance and pay sit together, each person's details are entered once, whether they work in the field, a branch or the office.

Book a free demo
Benefits

What Changes When a Financial
Services Firm Moves Payroll to Niyuk

Moving away from registers, WhatsApp reports and Excel sheets helps you:

  • See field attendance without chasing managers
  • Keep branch and office attendance together
  • Add joiners and close exits before payroll runs
  • Keep allowances and extras with salary
  • Check the pay run before salary day
  • Let area managers see only their own team
  • Keep PF and ESI deductions in order every month
  • Give your auditors one set of payroll records
  • Answer fewer pay calls from the field
  • Give staff payslips they can download themselves
Who it's for

Which Financial Services Firms
Can Use Niyuk?

Niyuk can support payroll for financial services firms of different sizes and kinds:

Why Niyuk

Why Financial Services Firms
Choose Niyuk for Payroll

HR should be able to run payroll without chasing field managers for attendance first.

Every team in one system

Field, branch and office attendance, leave and salaries sit together, so nothing is copied across.

Made for staff on the move

Mobile app and GPS check-in mean attendance does not depend on a desk or a register.

Check before you pay

Approvals and a review of the run mean a wrong figure is caught before salary day.

Prices you can see

Plans start at ₹1,300 a month, and the full pricing is published on our site.

Keeps up with hiring

Add joiners and close exits as often as you need, without setting anything up again.

Help with your setup

Our team goes through your teams, locations and salary setup with you during the demo.

Client Story

From a team that made the switch

“Niyuk HR cut payroll processing time by 90% for Applikon IT Solutions Pvt. Ltd.”
Rohit G Founder, Applikon IT Solutions Pvt. Ltd.

Pay Your Field and Office
Teams From One Place

Show us how your field, branch and office teams are paid today, and we will walk you through the same setup in Niyuk. Book a free demo.

Book a free demo Signup

Frequently
Asked Questions

The questions HR and accounts teams in financial services ask before moving payroll.

Still have questions?

Talk to the team and we will walk you through it.

Talk to our team

It is a system that keeps staff records, attendance, leave, joiners, exits, deductions and payslips together for an NBFC, microfinance, insurance or broking firm, so salaries for field, branch and office staff can be worked out each month without registers and Excel sheets.

Look for software that records field attendance by app and GPS, keeps branch and office attendance with it, handles frequent joiners and exits, applies PF, ESI, TDS and professional tax, and shows its prices clearly. Niyuk does this on one HRMS and payroll platform, so a demo with your own setup is a good way to compare.

The payroll is the same. Banks mostly need branch attendance, holidays by state and transfers. NBFCs, microfinance and insurance firms usually have more field staff and more people joining and leaving, so this page covers that. Banks may find the banks page closer to how they work.

Field staff check in from the Niyuk mobile app with GPS, so attendance does not depend on reaching a branch. Branch and office staff can use a biometric device.

Salary components, allowances and additional payments can be kept with payroll. Incentive schemes based on business booked or collected differ a lot between firms, so talk to our team about how yours works, and we can check your setup during the demo.

New joiners are added once with their role, location and salary structure, and exits are closed in the same system, so payroll works from an up-to-date list. Tell us how you settle final dues today and we can go through it during the demo.

Niyuk runs HR and payroll on its own platform. If you need payroll data to reach another system, talk to our team about how you do it today, and we can go through it during the demo.

Niyuk works out applicable PF, ESI, TDS and professional tax in each pay run and keeps the records together. The setup should match current rules and each employee's eligibility.

Yes. A firm with one office and a small field team can use it to work out salaries and generate payslips without Excel sheets. Niyuk plans start at ₹1,300 a month for 20 employees, and each extra employee costs ₹65 a month, plus GST.

Book a demo and tell us how your field, branch and office teams are paid today. We will show you how the same setup runs in Niyuk.

Book a Demo

Trouble booking here? Open it in a new tab