12 Secure Payroll Software Options Designed For Small Businesses In Nigeria

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Although the benefits of numerous and effective payroll software options to small businesses in Nigeria is usually underrated, they remain an indispensable tool for any type of business growth.

Whether you have one employee or a thousand, making sure you have a payroll system in place to pay salaries on time is critical.

As a small business owner, keeping your staff happy boosts both productivity and retention. And ensuring that your employees receive their salaries on time goes a long way toward demonstrating that you appreciate their commitment to the company’s goals.

If you own a small business or are thinking about establishing one, setting up a payroll system to process payments should be high on your priority list.

In this post, we’ll look at why payroll is vital to keep your business running smoothly, how to choose the best payroll system for your business model, and several free payroll software options for small businesses to keep in mind.

How Does Payroll Software Work?

payroll-software-options-protRunning a business requires you, as the business owner, to be involved in multiple operations at the same time. An efficient payroll system saves you the time it would take to track the work hours of your employees and correctly pay their salaries. 

Using payroll software essentially implies that you are automating the entire process rather than doing it manually. Payroll plans are often monthly, semi-monthly, bi-weekly, or weekly, with more regular schedules costing more.

Why Use Payroll Software?

To run your business successfully, you’ll need a system in place to record employee hours, explain deductions, and pay your staff, whether it’s a cloud-based service or a manual way.

Adopting a manual approach may be a big waste of time and resources for a growing small firm. You will have to manually track the hours and pay rates of your employees if you have a significant number of them.

It’s easy to become overwhelmed while juggling payroll and operating a business.

Payroll technology automates all of the tasks needed in processing payroll effectively, saving you a lot of human labor. It calculates how much your employees should be paid each pay period based on the number of hours they worked.

If you have salaried employees, payroll software keeps track of them and guarantees that they are properly paid. It can also calculate and account for overtime compensation.

It also allows employees to easily access critical payment information like as tax deductions and 401(k) withdrawals via online portals supplied by payroll systems.

Perhaps the most essential reason is that payroll software allows you to concentrate on operating your business rather than on administration.

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How To Choose The Right Payroll Software for your Business

If you’re thinking about what payroll software to use for your business, there are a couple of guidelines that can help you make the best choice. 

1. Features 

You’ll need to check that the features of the software you choose are compatible with the needs of your business. From multiple payment options to detailed paycheck records and even tracking insurance records, it’s important that all the features you need presently or may need in the future can be covered by the software.

2. Employee Self Service

A good payroll software system should be able to offer transparency to your employees. They should be able to get pay receipts and access several payroll reporting features.

3. Flexible Integration

If you already have an in-house software system, you might want to choose a payroll system that is flexible enough to easily integrate with existing systems. 

4. Cost structure

The kind of payment system you use for your business should influence the payroll software you choose. Paying each payroll run may be more cost efficient for your business if you run payroll biweekly or semimonthly. Paying a monthly charge may be preferable if you do payroll numerous times each month.

What are Some Good Payroll Software Options for Small Businesses?

Bearing the guidelines listed above in mind, we’ve compiled a list of the best free payroll software options for small businesses in Nigeria. You’ll be able to make informed decisions based on their features and pricing plans.

1. Prime Payroll

  • Does Not require any upfront investment
  • Offers simplified payroll options
  • Quick and efficient payouts
  • User-friendly reports
  • PC and mobile friendly design

Contact Info

Phone No: +234 806 6082 455

Email: support@primepayroll.com.ng

2. PayDayNG

  • Offers specialized payroll for Nigerian markets
  • Offers multiple user accounts for employers and employees
  • Multiple payment options
  • Separate dashboards for employers and employees
  • Offers tax deductions and employee monitoring options

Contact Info

Phone No: +234-9092942048 

Email: info@magnetgroupng.com

3. TAMS

  • Cloud-based system 
  • Integrates accounting and HR management options
  • Flexible, customizable and user-friendly
  • Multiple payment options
  • Quick and efficient payouts

Contact Info

Phone No: +2348112677777, +2348113677777

Email: info@tams-ng.com

4. TalentBase 

  • Multiple payment options
  • Offers employee specific profiling options
  • Performs and manages employee-specific tax deductions 
  • Quick and efficient payouts
  • Offers automated employee payouts

Contact Info

Phone No: +234 818 337 7264 , +234 902 974 8461

Email: info@talentbase.ng

5. Sage One Payroll

  • Multiple payment options
  • Financial expenditure tracking options
  • Customizable and user-friendly interface
  • Regular accounting updates
  • Flexible plans for small business owners

Contact Info

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6. System Specs

  • Different software options: Remita, PayLink.NG & HumanManager
  • Offers multiple payment options
  • Electronic invoicing 
  • Offers employee loan options
  • Leave management options

Contact Info

Phone No: +234 (1)2805182, (0)8035555051-2

Email: info@systemspecs.com.ng

7. Elim Enterprise HRMS

  • Offers streamlined employee management options
  • Offers multiple software editions
  • Flexible, customizable and user-friendly design
  • Integrates recruitment and employee onboarding features 
  • Offers employee performance monitoring options

Contact Info

Phone No: (+234)8183889189, (+234)8130592222

Email: info@hrpayrollsoftwareng.com , elimbventures@gmail.com

8. Fusion Flex

  • Flexible HRM software with user-friendly design
  • Integrates employee, client and asset monitoring features 
  • Separate dashboards for employers and employees
  • Quality support options
  • Accurate financial tracking and reporting

Contact Info

Phone No: +234-806-293-7916 | +234-818-539-4220

Email: info@dewdrops.com.ng

9. Accur8HR

  • Integrates HRM and accounting features in one platform
  • Offers cloud-based management options
  • 24/7 Quality Support
  • Flexible and customizable interface
  • Quick and efficient payouts

Contact Info

Phone No: +1 234 567 890

Email: contact@example.com

10. SME Payroll

  • Offers multiple payment options
  • Manage leaves and time-offs efficiently 
  • Daily, weekly and monthly employee tracking options
  • Offers loan options for employees
  • Flexible, customizable user-friendly

Contact Info

Phone No: +234 8099221401

Email: info@smepayroll.com.ng

11. Magnet Group

  • Cloud computing software
  • Flexible and multiple payment options
  • Integrates accounting, real estate and treasury solutions 
  • Offers a variety of auditing options
  • Offers well-analyzed risk management solutions

Contact Info

Phone No: +234 9092942048

Email: info@magnetgroupng.com

12. SeamlessHR

  • Offers a centralized data system
  • Integrates recruitment and onboarding features
  • Offers automated employee payroll options
  • Efficient report and analytics tracking options
  • Offers employee performance management options

Contact Info

Phone No: +234 (809) 0643 874

Email: hello@seamlesshr.com


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