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Payroll Software for Microfinance Companies

Payroll Software for Microfinance Companies

Your loan officers start the day at a group meeting in a village, your branches are spread across rural districts, and your field team changes every month. Niyuk keeps attendance, leave and pay for all of them in one place.

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One Payroll for Field Officers and Rural Branches

One set of employee records for everyone who meets your borrowers and runs your branches.

Most of a microfinance company's people work in the field. Loan officers travel to group meetings in villages, often before the branch opens. Branch managers and accountants run small branches in rural districts. Area and regional managers move between branches. Operations, credit, accounts and HR sit at head office.

With Niyuk, field officers check in from the mobile app with GPS wherever their day starts, branch staff by biometric device, and all of it feeds into payroll from the same employee records. When someone moves to another branch, their record moves with them.

Capabilities

Key Features of Niyuk Payroll Software
for Microfinance Companies

Eight things HR and accounts will use every month.

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Why Microfinance Companies
Struggle With Payroll

Most microfinance companies grow branch by branch, with attendance kept on paper at each one. These are the problems that come with it.

The day starts in the village

Loan officers go straight to a group meeting, so a branch register cannot show when their day began.

Paper registers at every branch

Each rural branch keeps attendance its own way, and head office waits for every one before payroll can start.

Staff move between branches

Officers and managers are moved to other branches often, and their days at two branches are easy to miscount.

Field roles turn over fast

People join and leave every month, and a joiner added late or an exit missed means a wrong salary.

Allowances on top of salary

Allowances and additional payments for field staff are worked out by hand, which leads to disputes.

Branches in several states

Holidays and professional tax change from state to state, which is hard to keep right in one sheet.

01

Every Branch's Pay Run in One List

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

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02

One Register for Field and Branch Staff

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

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03

Payslips Field Officers Can Check

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

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How it works

How a Microfinance Company
Runs Payroll on Niyuk

  1. 01

    Add field and branch staff

    Enter each employee's role, branch, 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 and deductions for every branch.

  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.

Four finance professionals in suits standing together in an office
One Platform

HR and Payroll in One Place for Microfinance Companies

When records, attendance and pay sit together, each person's details are entered once, whichever branch or village they work from.

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Benefits

What Changes When a Microfinance
Company Moves Payroll to Niyuk

Moving away from branch registers and Excel sheets helps you:

  • See when field officers start their day
  • Stop waiting for registers from every branch
  • Move staff between branches without re-entering them
  • Add joiners and close exits before payroll runs
  • Keep allowances with salary
  • Apply holidays and professional tax by state
  • Check the pay run before salary day
  • Keep PF and ESI deductions in order every month
  • Give your auditors one set of payroll records
  • Give staff payslips they can download themselves
Who it's for

Which Microfinance Companies
Can Use Niyuk?

Niyuk can support payroll for microfinance businesses of different sizes and kinds:

Why Niyuk

Why Microfinance Companies
Choose Niyuk for Payroll

Head office should be able to run payroll without waiting for every branch register first.

Every branch in one system

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

Made for field officers

Mobile app and GPS check-in mean attendance does not depend on reaching the branch.

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.

Grows with your branches

Start with the branches you have and add new ones to the same system as you open them.

Help with your setup

Our team goes through your branches, field teams 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 Every Field Officer
and Branch From One Place

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

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Frequently
Asked Questions

The questions microfinance HR and accounts teams 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, transfers, joiners, exits, deductions and payslips together for a microfinance company, so salaries for field officers, branch staff and head office can be worked out each month without registers and Excel sheets.

Look for software that records field attendance by app and GPS, keeps branch attendance with it, handles transfers and 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.

Loan officers check in from the Niyuk mobile app with GPS at the group meeting or wherever their day starts, so attendance does not depend on reaching the branch. If some areas have weak mobile signal, tell us during the demo and we can go through how your teams work.

Each employee has one record, so their attendance, leave balance and pay carry on at the new branch. You do not need to add them again.

Salary components, allowances and additional payments can be kept with payroll. Incentives based on disbursement or collection, and travel worked out from distance, differ a lot between companies, so tell us how yours work and we can check your setup 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.

The payroll is the same. The NBFC page is for lenders whose staff sit at branches and dealers. This page is for microfinance companies, whose loan officers work mostly in villages and move between rural branches.

Yes. A company with a few branches 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 and branch staff are paid today. We will show you how the same setup runs in Niyuk.

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