RazorpayX Payroll enables payslip, reimbursement filing through Whatsapp

RazorpayX, the business banking platform under Razorpay, has announced that its payroll platform now allows employees to receive payslips and file for reimbursements through WhatsApp. Moreover, the company will expand to cater to enterprises and large-sized businesses.

Initially, the platform catered to startups; however, with its latest updates, it can now serve businesses of all sizes, reducing payroll management costs by over 60 per cent and achieving 100 per cent accuracy in compliance.

A recent study by RazorpayX titled “Payroll Maturity Index 2023” analysed payroll data from 163 enterprises across 12 industries in August 2023. The study highlighted common compliance issues faced by large organisations. It revealed that 42 per cent of large Indian organisations struggle with payment and filing compliance issues in their payroll management.