Payroll Outsourcing Service Proposal
About Us
Company’s Vision
Elevating businesses through seamless payroll solutions, we aspire to
be the foremost innovators in payroll outsourcing, empowering
growth and success.
Company’s Mission
Simplifying payroll complexities and ensuring financial precision, our
mission is to be the trusted partner in payroll outsourcing, facilitating client
success with efficiency and compliance.
More4Less Advisory Services Pvt Ltd. Founded in 2015 by Vijay Katke & Ajinkay Honrao as an accounting and tax advisory company. We’re into
payroll outsourcing from last 5 years.
More4Less are dedicated to simplifying and optimizing thepayroll process for businesses of all sizes.
With a passion foraccuracy,compliance, and client satisfaction, we've become a trusted partner for organizations seeking efficient,reliable, and
cost-effectivepayrollsolutions. Over the years,
we'vegrown and evolved, expanding our service offerings and embracing innovative technologies to meet the changing needs of our clients.
Today,we serve a diverserange of industries and organizations,from start-ups and small businesses to large enterprises..
Area’s Of Concerns
• Accuracy
• Time
• Cost
• Compliances
• Support.
Why to Outsource?
•Data Security: Ensuring the secure handling of sensitive employee data during payroll outsourcing.
•Compliance Risk: Addressing concerns related to tax law compliance and regulatory adherence.
•Loss of Control: Managing the balance between outsourcing benefits and maintaining control over critical processes
•Cost Management: Evaluating the total cost of outsourcing and potential hidden fees.
•Integration Challenges: Ensuring seamless integration with internal systems and processes.
Objective of Payroll Services
1.To Save Business Cost-
• Reduce the spending on maintenance of software system and technology upgrades.
• Control operating cost by keeping a low headcount of employees.
2. Other Indirect Time / Cost Savings-
• Reduce errors from manual handling of data.
• Reduce risks involved in security & confidentiality issues.
3. Increase The Level of Work Convenience In Different Staff
• Real-time management reports.
• Attain cost savings by reducing capital investments
The Solutions
How More4Less Can Help
1. Expertise and Compliance:
◦ Our t eam specializes in payroll m anagem ent and stays up-to-date wit h tax laws and regulations.
◦ We ensure ac c urat e and c om pliant payroll processing, reduc ing the risk of errors and costly penalties.
2. Time and Resource Savings:
◦ By out s ourc ing your payroll to us, you free up valuable t im e and resources
◦ Your team can focus on core business activities and strategic growth, while we handle the payroll res ponsibilities
efficiently.
3. Data Security and Accuracy:
◦ We invest in secure t ec hnology and enc rypt ion to prot ec t your sensitive payroll data.
◦ Our system ensures ac c urat e and error-free payroll calculations , providing peac e of mind.
4.Scalability and Customization:
◦ We offer fflexible services that can scale to m eet your s pec if ic requirements.
◦ Whet her you're experienc ing growt h or have unique payroll needs, we ac c om m odat e your business.
5.Employee and Management Satisfaction:
◦ Our reliable payroll services c ont ribut e to em ployee satisfaction.
◦ E m ployees receive ac c urat e and t im ely pay, enhanc ing trust and m orale wit hin your organization.
Market Cost & Summary of Payroll Outsourcing
Market Summary:
• For payroll outsourcing 70% market is lacking of expertise in compliance, services, customer support and self portal.
• Either they provides outsourcing for processing payroll or software
Market Costs:
◦ For payroll outsourcing without software solutions Rs.180 to 650 per employees.
◦ For payroll outsourcing with software solutions Rs.280 to 950 per employees.
◦ Only for software solutions Rs.59 to 249 per employees.
More4Less:
◦ We have young, energetic and experienced team who have expertise in compliances and services. We provide
customer support and dedicated software solutions for Payroll outsourcing as a trusted partner.
◦ We provide c us t om ized propos al ac c ording t o your needs and requirem ent s .
Payroll Software We Use
More4Less As Payroll Service Provider
We understand the importance of efficient payroll management for the businesses, and we are committed
to delivering accurate, timely, and hassle-free payroll processing tailored to your specific needs.
Our Payroll Services Include:
Payroll Processing, Tax Compliance, Employee Self-Service Portal, Customized Reporting, Employee
Benefits Integration, Compliance and Security, Dedicated Support, Scalability
We believe in our expertise in payroll management, commitment to accuracy, and dedication to exceptional
customer service. By outsourcing your payroll to us, you can focus on growing your business while we
handle the complexities of payroll administration.
Process Flow:
1. Data analysis by 4. Payroll sent for
team lead approval to
company
3. Level-1review by 6. Level-2review by 8. Sharing final
7. Processing of
teamlead& checklist senior manager payroll datafor
payroll
sign off company record
2. Data entry at 5. Confirmation
executive level & received
checklist sign off
3
3
Our Clients
Our Payroll Processing Includes
• Registration
• Supporting Employee and Organization for PF, ESIC, PT, LWF compliances
• New employee onboarding
• Full and Final Settlement of employees
• Statutory Return Filing such as TDS, Provident Fund, Professional Tax, ESI, LWF
• Preparing for and cooperating with government-conducted audits to ensure compliance with labour laws and other
statutory requirements
• Conduct training sessions
• Resolving employee queries related to payroll and compliance
Contact Us
Address: Office No 303-304,3rd Floor, Water’s Square,New DP Rd, Vishal Nagar, Pimple Nilakh,
Pune, Maharashtra 411027
Contact No. 9822909198/9890830376
Website: www.more4lessadvisory.com
THANK YOU
