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Payroll Software for NBFCs

Payroll Software for NBFCs

Your staff sit in small branches, at car and appliance dealers, and out in the field collecting, and you open new branches every quarter. Niyuk keeps attendance, leave and pay for all of them in one place, so head office runs one payroll.

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One Payroll for Branches, Dealer Desks and the Field

One set of employee records for everyone who sources, approves and collects your loans.

An NBFC's people are spread thin. Branch managers and branch staff run small offices in towns across the state. Sales executives sit at car, two-wheeler or appliance dealers, far from any NBFC office. Credit and collection officers spend the day visiting customers. Credit, operations and accounts work from head office.

With Niyuk, staff at dealers and in the field check in from the mobile app with GPS, branch staff by biometric device, and all of it feeds into payroll from the same employee records. A new branch is added to the same system, and its staff are paid in the same run.

Capabilities

Key Features of Niyuk Payroll
Software for NBFCs

Eight things HR and accounts will use every month.

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Why NBFCs Struggle
With Payroll

Most NBFCs grow faster than their HR team. These are the problems that show up as branches and headcount rise.

Staff sit at someone else's office

Sales executives work from a dealer's showroom, so no NBFC register shows whether they came in.

Branches open faster than HR

Each new branch starts with its own sheet, and head office ends up collecting dozens of them at month end.

Sales and collection roles turn over

People join and leave every month, 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.

Professional tax by state

Branches in different states follow different professional tax rules, which are easy to get wrong in a sheet.

Pay questions from every branch

When staff cannot see how their salary was worked out, the calls go to the branch manager and then to HR.

01

Every Pay Run, Every Branch, 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 Branches and the Field

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 That Stop the Branch Calls

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 an NBFC
Runs Payroll on Niyuk

  1. 01

    Add branch, dealer and field 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, 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.

NBFC professional in a suit holding a tablet
One Platform

HR and Payroll in One Place for NBFCs

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

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Benefits

What Changes When an NBFC
Moves Payroll to Niyuk

Moving away from branch sheets and WhatsApp reports helps you:

  • See attendance for staff placed at dealers
  • Keep branch and field attendance together
  • Add a new branch without a new sheet
  • Add joiners and close exits before payroll runs
  • Keep allowances and extras with salary
  • Apply professional tax for each 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 NBFCs
Can Use Niyuk?

Niyuk can support payroll for NBFCs of different sizes and kinds:

  • Gold loan companies
  • Vehicle finance companies
  • Consumer durable finance
  • MSME and business loan NBFCs
  • Housing finance companies
  • Microfinance companies
Why Niyuk

Why NBFCs
Choose Niyuk for Payroll

HR should be able to run payroll without chasing every branch and dealer desk first.

Every location in one system

Branch, dealer and field attendance and salaries sit together, so nothing is copied across.

Made for staff away from branches

Mobile app and GPS check-in mean attendance does not depend on an NBFC office.

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, 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 Branch and
Field Team From One Place

Show us how your branch, dealer and field 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 NBFC 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, joiners, exits, deductions and payslips together for a non-banking finance company, so salaries for branch, dealer-based and field staff can be worked out each month without registers and Excel sheets.

Look for software that records attendance for staff at branches, at dealers and in the field, 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. The financial services page covers NBFCs alongside microfinance, insurance and broking firms. This page is for lending NBFCs, whose staff often sit at dealers and small branches that open quickly.

Staff at a car, two-wheeler or appliance dealer check in from the Niyuk mobile app with GPS, so attendance does not depend on reaching an NBFC branch.

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

Yes. Head office can run payroll for branches in other cities and states, with holidays kept by location and professional tax applied for the state each employee works in.

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. An NBFC with a handful of 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 branch, dealer and field staff are paid today. We will show you how the same setup runs in Niyuk.

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