Multisolutions Technology

Payroll software automates the process of paying salaried, hourly and contingent employees. Vendors of human resources (HR) technology and specialized payroll companies often sell payroll software as standalone products.

Payroll software is increasingly a central component of integrated, multifunctional human capital management (HCM) systems. Compared with paper-based systems, payroll software speeds up the online payroll process while reducing errors and enabling managers to more easily customize paychecks for individual employees.

This software is often delivered on premises, both on premises and in the cloud, or through software as a service. It is considered part of core HR software.