Paying salary the old way
It’s a mandate to fill out 18-20 fields of details for each employee manually.
Adding a new beneficiary requires a cooling period of 30 minutes – 24 hours (or more), based on the bank.
Mandatory to have an indemnity letter signed and sealed by the business owner or founder as approval on the transfer of salary payments.
Required to share a signed cheque equivalent to the total salary to disburse payroll.
Paying salary with Open
You just need to type in four fields – name, account number, IFSC code, and total amount to be paid. And then do a simple file upload on the dashboard.
Add a new employee to the payroll instantly and process salary payments like a boss without any cooling period.
No indemnity bond required. Get the simplified view of the various salary accounts and payments directly on the Open dashboard.
Process payouts quickly with e-cheques instead of processing cheques equivalent to salary.