factoHR
About factoHRfactoHR is a cloud-based Human Resource Management System (HRMS) developed by Version Systems Private Limited, headquartered in Rajkot, Gujarat, India. Launched in April 2016, it offers solutions for payroll, performance management, attendance tracking, and includes an employee self-service portal with a mobile application.
What is factoHR?
FactoHR is a cloud-based human resource management system (HRMS) that provides businesses with tools for payroll processing, attendance tracking, leave management, performance evaluation, and compliance management. It helps organizations automate HR workflows, improve employee engagement, and ensure compliance with labor laws.
FactoHR is particularly popular among small to medium-sized enterprises (SMEs) and large businesses looking for an integrated HR and payroll solution. It offers features like mobile app access, integration with biometric attendance devices, and AI-driven analytics for better workforce management.
Why Choose FactoHR Software?
- All-in-One HR Solution
FactoHR provides everything you need for HR management, from payroll and attendance tracking to employee performance and recruitment.
- Automated Payroll
It automates the entire payroll process, ensuring accurate calculations and timely salary payments. It also handles tax deductions.
- Employee Self-Service
FactoHR gives employees the ability to manage their own profiles, request leaves, check attendance, and view payslips, all through a self-service portal. This reduces administrative work and gives employees more control over their information.
- Compliance Management
FactoHR keeps your business compliant with labor laws and regulations, helping you avoid penalties and fines. The software automatically updates to keep up with changing laws and regulations.
- Advanced Analytics
The software provides detailed reports and analytics that help you track employee performance, attendance, and other important metrics. These insights help you make informed decisions about your workforce.
Why FactoHR is better than its competitors?
FactoHR positions itself as a comprehensive and cost-effective cloud-based HRMS, focusing on automation, compliance, and employee engagement to differentiate itself from competitors. It offers a scalable solution that caters to businesses of all sizes, making it a strong alternative to platforms like Darwinbox, Keka, and Zoho People.
FactoHR particularly stands out for its robust payroll processing and compliance management, ensuring seamless statutory adherence, which is a crucial requirement for businesses operating in India and other regulatory-heavy regions. The platform also emphasizes employee self-service, mobile accessibility, and AI-driven performance management to enhance user experience and workforce productivity.
Additionally, its integration capabilities with biometric attendance systems, accounting software, and third-party applications provide businesses with a unified HR ecosystem. By combining affordability, automation, and compliance, FactoHR presents itself as an all-in-one HR solution, making it a competitive choice in the HR technology space.
English, Hindi
FactoHR is a comprehensive cloud-based Human Resource Management System (HRMS) designed to streamline HR, payroll, and workforce management processes for businesses of all sizes. The platform offers a wide range of features, including payroll automation, compliance management, attendance and leave tracking, performance management, and employee self-service portals. With its integrated payroll system, factoHR ensures accurate salary processing, tax calculations, and statutory compliance, reducing manual effort and errors. The attendance and leave management modules support biometric integration, geo-tagging, and mobile-based clock-ins, making it easier for organizations to track employee work hours effectively.
Additionally, factoHR provides an AI-powered performance evaluation system, helping businesses align employee goals with organizational objectives through KRAs and KPIs. The platform also supports recruitment, onboarding, and document management, ensuring a seamless employee lifecycle. With its mobile-first approach, factoHR enables employees to access HR services on the go, improving engagement and efficiency. The software integrates with various third-party applications, making it a flexible solution for businesses looking to automate HR functions while maintaining compliance and accuracy.
2016
Rajkot, Gujarat, India
Aniruddh Nagodra
factoHR is a cloud-based Human Resource Management System (HRMS) designed to automate and streamline HR operations for businesses of all sizes. It provides an all-in-one solution for managing payroll, attendance, leave, performance, recruitment, and compliance, helping organizations improve efficiency and reduce manual HR tasks.
FactoHR - Cloud-Based HR & Payroll Software
Custom Pricing
Multi-UserMonthly/Annual SubscriptionVELOCITY
₹2,999 per month
Single User MonthlyADVANCE VELOCITY
₹3,999 per month
MonthlyBOLSTER
₹4,999 per month
MonthlyPERFORMER
₹5,999 per month
MonthlyEMPLOYEE ATL
₹5,999 per month
MonthlyIs there any cancellation fee or lock-in period for factorHR Software?
There is no cancellation fee or lock-in period associated with factoHR’s plans. However, if you have availed an annual subscription plan, the remaining credit will not be refunded if you discontinue the service during the validity of the plan.
What’s included in the free demo of FactoHR?
The free demo of FactoHR offers a hands-on experience with key features like payroll automation, attendance tracking, employee self-service, and reporting, allowing you to explore its HR management tools before committing.
Is factoHR scalable for growing businesses?
Yes, factoHR is designed to scale with your business, allowing you to add features or users as your organization grows without interruptions.
Does FactoHR offer customer support for HR personnel?
Yes, FactoHR provides excellent customer support, assisting HR personnel with setup, troubleshooting, and any queries they may have to ensure smooth HR management.
factoHR is a comprehensive cloud-based Human Resource Management System (HRMS) designed to streamline various HR processes, including payroll, attendance, performance management, and compliance. It caters to businesses of all sizes, aiming to enhance efficiency and reduce manual workload in HR operations.
Pros:
- User-Friendly Interface: factoHR offers an intuitive and easy-to-navigate platform, making it accessible for both HR professionals and employees.
- Comprehensive Payroll Management: The software automates salary calculations, tax deductions, and ensures compliance with statutory requirements, reducing errors and saving time.
- Efficient Attendance Tracking: Integration with biometric devices and a robust mobile application allows for accurate and real-time attendance monitoring.
- Mobile Accessibility: factoHR’s mobile app enables employees to manage tasks such as attendance, leave applications, and accessing payslips on the go, enhancing flexibility and convenience.
- Responsive Customer Support: Users have praised the support team for their prompt and helpful responses, ensuring smooth issue resolution.
Cons:
- Performance Lag: Some users have reported occasional slow loading times and performance issues, which can hinder productivity.
- Complex Functionality: The extensive features may present a learning curve for new users, requiring time to fully adapt and utilize the system effectively.
- Limited Customization: Certain aspects of the software offer restricted customization options, which may not fully align with specific organizational needs.
- Reporting Limitations: Some users have noted that the reporting features could be more flexible and detailed to better suit diverse business requirements.
Conclusion:
factoHR stands out as a robust HRMS solution, offering a wide array of features that cater to essential HR functions. Its user-friendly interface and comprehensive tools make it a valuable asset for organizations aiming to automate and enhance their HR processes. However, potential users should consider the reported performance issues and assess whether the software’s capabilities align with their specific customization and reporting needs.
CA Tushar Makkar
