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Description
There is a limitless variety of payment types available, such as regular, hourly, salary, and overtime rates, with effective start and end dates for each pay rate. Payment structures can be configured to adhere to specific limits based on pay periods and year-to-date (YTD) calculations. Each employee can have an unlimited number of deductions applied, with the flexibility to set their frequency as monthly, annually, per pay period, or quarterly, while also adhering to limits based on pay periods, YTD, and lifetime deductions (LTD). The system is capable of calculating and collecting any arrears owed. Additionally, direct deposit options can be utilized for any deductions made. Retirement plans, including employer-sponsored 401K and 403B options, are fully supported, along with compliance for all federal, state, and local taxes, including Social Security and Medicare deductions. Furthermore, calculations for FUTA and state unemployment taxes are systematically managed. The platform features a table-driven definition for tracking entitlement accruals for vacation days, holidays, floaters, and other approved leaves, with automatic enrollment for employees based on qualifications determined by seniority or hire date. An extensive audit trail is maintained for all accrued benefits and the time taken related to LTD. The setup for all benefit plans, including medical, dental, and insurance, is also table-driven, ensuring that employer-paid benefits are automatically calculated and accurately reflected. This comprehensive approach ensures that both employees and employers have a clear understanding of their financial obligations and entitlements.
Description
PayDay is a comprehensive payroll and human resources management platform built to simplify payroll processing, employee administration, attendance tracking, and compliance management for businesses of all sizes. The platform automates key HR and payroll functions including salary calculations, overtime management, benefits administration, tax filing, leave tracking, digital payslip generation, and expense reimbursement workflows. PayDay provides integrated modules for payroll processing, attendance management, employee self-service, analytics, reporting, and compliance monitoring, allowing organizations to manage workforce operations from a centralized cloud-based system. The platform supports multi-jurisdiction tax automation, direct deposit payments, multi-currency payroll processing, and regulatory reporting to help businesses maintain accuracy and compliance across different regions. Employees can access self-service portals to view payslips, tax forms, attendance records, leave balances, and personal information while HR teams gain access to customizable dashboards, approval workflows, and workforce analytics. PayDay also integrates with HR systems, accounting software, time tracking tools, and external business applications to streamline data management and reduce manual administrative work. The platform is designed to support growing organizations by offering scalable payroll automation, configurable workflows, and flexible customization options for different business needs. Real-time reporting, audit trails, compliance alerts, and automated approvals help businesses improve transparency, reduce payroll errors, and maintain operational efficiency.
API Access
Has API
API Access
Has API
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Free Trial
Free Version
Pricing Details
$2
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
EmpowerFinancials
Country
United States
Website
www.empowerfin.com
Vendor Details
Company Name
PayDay
Founded
2018
Country
United States
Website
pay.day
Product Features
Payroll
401(k) Tracking
Attendance Management
Benefits Management
Check Printing
Compensation Management
Deductions Management
Direct Deposit
Multi-Country
Multi-State
Reporting/Analytics
Self Service Portal
Tax Compliance
Vacation / Leave Tracking
W-2 and 1099 Preparation
Wage Garnishment
Product Features
Payroll
401(k) Tracking
Attendance Management
Benefits Management
Check Printing
Compensation Management
Deductions Management
Direct Deposit
Multi-Country
Multi-State
Reporting/Analytics
Self Service Portal
Tax Compliance
Vacation / Leave Tracking
W-2 and 1099 Preparation
Wage Garnishment