Kredily Review 2024: Does it Beat Other HR and Payroll Software?
May 27th 2024
If you are reading this article, you are probably struggling to build a centralised employee database and still using spreadsheets to manage leaves, payroll status, attendance, and your biggest challenge is staying compliant with local labour laws and regulations. Or you may be having some trouble with your existing software.
You might have a small team or a growing team, but as the founder, HR, or Finance lead, the effort you need to put in to manage people operations and compliance is not for the faint-hearted.
And now, rightfully, you are looking for automated payroll and HR software like Kredily. Kredily is one of the most popular HR, payroll, and leave management software of recent times.
As per Kredily review, some users have written complaints like “Every time we close the tool, we have to log in again,” “Kredily does not give clarity on TDS, form 16 and 12BB,” and “It has loads of free features, but some very menial features are posted under a professional plan.”
If you are yet to finalise an HR and payroll software, there is no harm in reading a detailed review along with suggestions on Kredily alternatives. And that’s precisely what we will cover in this Kredily review blog.
Table of Contents
TL;DR
Kredily is a simple, user-friendly HRMS software with three core features: HR automation, payroll and leave & attendance management.
Kredily’s pricing plan is not startup-proof as the free plan and professional plan (costing ₹1499/month for up to 25 employees) both have significant feature lock-ins.
While Kredily customers are happy about the simplicity of this tool, they complain about auto log-out issues and the absence of a tax calculator in the free and professional plans.
We have also introduced five Kredily alternatives offering the same or more advanced features for more affordable prices.
What is Kredily?
In this Kredily review article, we will be focusing on Kredily’s three core features:
Payroll software: Create an automated and streamlined payout workflow and stay compliant with all payroll compliance.
Attendance & Leave software: Track attendance and leave with timely notifications and reminders.
HR Software: Automate HR processes to create significant employee experience.
Comprehensive Review of Kredily Features
Let us now assess each of the above-mentioned Kredily features and break down our analysis:
Kredily Payroll Software
Kredily is designed to help both SMEs and enterprises process their payroll according to specific requirements and compliance.
Configure payroll specifics depending on your organisation’s payroll regulations, personalised components, and accurate calculation of overtime wages.
Employees can generate payslips independently. Bulk download and distribution of payslips saves both time and effort for HR and finance teams.
Kredily’s payroll system automatically calculates various tax elements like PF, PT, TDS, and ESI and incorporates deductions.
Kredily supports customisable salary structures and allows a range of allowances, deductions and benefits. Flexible schedules like mid-month variable payout are also available.
Features and Availability
Kredily Attendance & Leave Software
Kredily’s leave, time and attendance management software frees up the HR team’s time and keeps them productive by automatically tracking employee leaves and attendance.
Enable live tracking to cover employee attendance, clock-ins and clock-outs, and leaves with accuracy.
Add customisable rules to monitor late arrivals and early departures and send automated reminders to employees for pending attendance-related tasks.
Build automated leave workflows consisting of leave requests, approvals and rejections based on relevant factors.
Integrate leave management system with payroll to calculate accurate compensation.
Features and Availability
Kredily HR Software
Kredily’s HR software creates custom workflows from employee onboarding to offboarding.
Streamline and automate HR processes like onboarding, payroll, leave and attendance.
Automates onboarding and offboarding flows along with significant paperwork like ID card distribution and return, address proof collection, and other employee documentation activities.
A unified dashboard from employee reports tracking to streamline HR processes and with improved visibility into employee data and performance.
Our Take on Kredily’s Pricing: Does it Fit a Startup’s Budget?
Kredily has three pricing plans: Free Forever, Professional and Enterprise.
Free Forever
Kredily’s Free Forever Plan accommodates unlimited employees without any hidden charges. While this plan offers basic features like employee self-onboarding, web clock attendance, and automated payroll processing, it limits access to some standard features and uses cases.
For example, this plan allows you to implement only one customised leave and one customised attendance rule. Even for startups, that is too little because a diverse team includes employees from different geographic and cultural backgrounds, and only one type of leave rule, won’t be suitable for an entire team. This plan offers only 250MB of data storage.
Even for the payroll software, you won’t have access to critical features like PF, TDS, ESI and PT statutory calculation, employee income tax projections, payslip bulk download, expense approval workflow, etc.
All these feature lock-ins make the Free Forever plan a no-no for startups, who are often forced to opt for the Professional plan.
Professional
Kredily’s Professional plan will cost you ₹1499/month for up to 25 employees. From the 26th employee onwards, you must pay an additional ₹60/month/employee. All the features unavailable in the Free Forever Plan are available in the Professional plan, along with unlimited data storage.
However, for some critical features, such as geofencing, income tax computation, exit management, bulk payslip download, and expense approval workflow, you will need to pay an additional amount per month per employee. Depending on the feature and its urgency, it can cost you between ₹10/month/employee to ₹50/month/employee.
This is again an added burden for startups because, despite paying ₹1499/month, they need to pay additional charges for each employee. Things become costlier when your team expands and exceeds 25 members.
Enterprise
The Enterprise plan accommodates unlimited employees and comes with custom pricing. It comes with an additional Kredsync annual maintenance charge of ₹5000 and provides several helpful features such as live tracking, rewards and recognition, and roaster shift as add-on services.
Is Kredily pricing apt for growing businesses?
Kredily’s pricing plans are not appropriate for growing businesses for the following reasons:
The free plan is not suitable for startups as it excludes some of the most useful features. Startups and growing businesses opt for HR and payroll software because of its automation capabilities, which make founders' or HR professionals' lives easier.
But looking at the Free Forever plan, where some of the everyday use cases are missing, including tax calculation, overtime calculation, and payslip bulk download, it complicates the entire HR operations process.
Then comes the Professional plan, which costs you ₹1499/month for only 25 employees. Growing teams will exceed this 25-member limit pretty soon, which means paying excess charges for each new employee or opting for the Enterprise Plan.
And not to forget that critical use cases Auto Clock In-out, expense approval workflow, and payslip bulk download are available with add-on charges in this plan.
Growing businesses need HR, payroll, and leave management software that allows them to accommodate as many employees as possible within affordable charges or charge on a per-person-per-month basis without any upper cap on the number of employees to be added per plan.
Wondering if such a software even exists?
Yes, it does. On that note, introducing Craze with its pricing plans:
Core: Under this plan, you will access all core HR features like a centralised employee and contractor database, custom reporting structure, organised document management software, and employee onboarding and offboarding, all at ₹40/month/per person. There are no feature lock-ins or restrictions in terms of number of employees. Whether you are an early-stage startup with a team of 5 employees or a growing business with 25+ employees, this plan treats enterprises of all sizes similarly.
Payroll: The Payroll plan for growing businesses will cost you ₹60/month/per person, and you can avail of all advanced payroll features such as one-click payroll processing, statutory compliance, automated tax reports, simple disbursements and deductions, and all of these without any set-up fee and instant expert support. There’s a custom plan available based on your team size and required use cases
Leaves and Time & Attendance: ₹40/month/person for each product with advanced leaves, time and attendance management system like tracking and managing leaves and attendance, timesheets and auto-syncs with payroll in real-time.
The best part? No feature gatekeeping, no minimum user commitments and pay what you use, with super fast support.
User Feedback: Are Kredily Users Happy with this Software?
Kredily review is incomplete without analysing user feedback. We did some digging across review portals like G2, Capterra, Software Suggest and Techjockey to understand what users like and dislike about Kredily:
Kredily positive reviews
Question: What do you like about Kredily?
Namitha V - “Easy to use, affordable, excellent customer support, comprehensive.”
Devang - “Extremely thought through for the SMBs. Very easy to use for the employees Made life so much easier to track their attendance, payslips generation etc Best feature is the Expense approval and payouts, which can happen directly via the system.”
Kredily negative reviews
Question: Question: What do you dislike about Kredily?
A Hospitality and healthcare user - “Very frequent updates disrupt the data and the customer is never informed of the changes or updates.”
Carmen B - “Extremely thought through for the SMBs. Very easy to use for the employees Made life so much easier to track their attendance, payslips generation etc Best feature is the Expense approval and payouts, which can happen directly via the system.”
Overall verdict of Kredily
Feature: Payroll software
Pros: Seamless expense approval and payouts.
Cons: It does not provide TDS, form 16 and 12BB in the free or professional plans.
Feature: HR software
Pros: Comprehensive and straightforward.
Cons: Frequent updates and data disruptions.
Feature: Attendance and leave software
Pros: Easy to use.
Cons: Get logged out automatically and need to log in repeatedly.
Final Verdict based on Kredily Reviews
We have tried Kredily and have gone through critical customer reviews. Based on our analysis, here is the final verdict:
Kredily is a comprehensive HR and payroll software for enterprises with 100+ team members. It is looking for a custom plan accommodating basic and advanced use cases.
But if you have a team of 100 or 50 or less and want to use all the advanced HR, payroll, and leave management features without spending a lump sum, you should opt for one of the Kredily alternatives.
In the next section, we will be discussing the best Kredily alternatives.
5 Kredily Alternatives for Growing Businesses
Craze
Craze is a perfect Kredily alternative for startups and small businesses with any team size, be it 5 person or 50 including full-time, part-time, contractors and interns. It is super-easy, self-served HRMS software with zero feature lock-ins.
Craze has a startup and SME-focused pricing plan. You don’t have to pay based on the total number of employees on your team. Instead, Craze offers a per-person-per-month plan.
The best part? All advanced features, such as one-click, error-free payroll, custom leave approval workflows, custom salary components, an automated leave management calendar, and sync with payroll software, are available in all plans, regardless of team size.
There is no minimum commitment and feature gating. Additionally, Craze has a super-responsive support team that responds within minutes, and you get a direct resolution to your queries from their founding team.
GreytHR
GreytHR’s free plan is suitable for up to 25 employees and it is appropriate for SMEs looking for basic HR automation features.
Zoho Payroll
Zoho payroll is perfect for medium-sized businesses to automate employees' using multiple products from its suite.
Keka
Keka’s comprehensive HRMS, payroll and leave management solutions are appropriate for SMEs, medium-sized businesses and large enterprises.
RazorpayX Payroll
RazorpayX Payroll has two plans designed for SMEs and enterprises to automate their payroll end-to-end.
Conclusion
Kredily is an easy-to-use, comprehensive HRMS software with three useful features: payroll, HR, and attendance and leave management. While users praise this tool's ease of use and advanced payroll features, some users also complain about its complicated pricing plan, where tax calculation is not part of the free and professional plans.
Kredily is rather expensive for startups as despite paying ₹1499 per month, the professional plan only accommodates up to 25 employees. Most of the features are gated and only accessible for an additional payment.
If you are looking for a Kredily alternative that charges you per employee per month and provides access to all advanced payroll features, we recommend Craze.
Is Craze right for you?
Of course, it is. This might sound like a biased sales pitch, but give us a second to prove why we are so confident. Craze is perfect for any business that is:
Looking for a people operating system that single-handedly covers HR, finance, and IT use cases.
Frustrated with feature-gating and needs software that is transparent with both features and pricing.
You prefer fast response from the customer support team for any queries or feature requests.
Here’s what Craze’s customers have to say👇
FAQs
What types & sizes of businesses benefit most from using Kredily?
Kredily is more suitable for enterprises with 100+ team members looking for a custom plan with basic and advanced features. Startups and small businesses may find Kredily's pricing plans less appropriate due to feature lock-ins and additional charges.
Is immediate support available with Kredily?
Yes, it is available.
Does Kredily include features for payroll and compliance management?
Yes, Kredily includes features for payroll and compliance management. The payroll software automatically calculates various tax elements like PF, PT, TDS, and ESI and incorporates deductions. However, some of these features may not be available in the free or professional plans.
Is there a mobile app available for Kredily?
Yes, Kredily offers mobile accessibility for its payroll, attendance & leave, and HR software, allowing users to access the platform's features on the go.
What third-party tools can be integrated with Kredily?
Kredily integrates with accounting, time-tracking tools, banks and biometric solutions.
Sreyashi Chatterjee
Sreyashi Chatterjee is a SaaS content marketing consultant. When she is not writing or thinking about writing, she is watching Netflix or reading a thriller novel while sipping coffee.
