Payroll, PEO and EOR
SaaS Products

Best Payroll, EOR, and PEO Software Buyer Guide

What is PEO Software?

PEO (Professional Employer Organization) software is a digital solution designed to help businesses manage HR functions—such as payroll, benefits, tax compliance, and onboarding—for both full-time employees and independent contractors, especially in a global or remote work setting.

How PEO Software Enhances Global HR Management

• By leveraging SaaS-based PEO/EOR (Employer of Record) solutions, companies can:
• Build and manage 100% remote teams without legal or administrative hurdles.
• Expand into new markets 90% faster by automating compliance, payroll, and HR tasks.

Key Benefits of PEO Software

• Automated Payroll & Tax Management
• Handles global payroll, deductions, taxes, and filings automatically.
• Reduces errors associated with manual processing.
• Compliance with Local Labor Laws
• Ensures adherence to employment regulations across different countries.
• Eliminates legal risks when hiring internationally.
• Employee Benefits Administration
• Manages bonuses, insurance, reimbursements, paid leave, and retirement plans.
• Real-Time HR Insights & Reporting
• Provides data-driven analytics for better decision-making.
• Enhances transparency in workforce management.
• Enhanced Data Security
• Encrypts sensitive employee data and restricts unauthorized access.
• Saves Time & Resources
• Automates repetitive HR tasks, allowing businesses to focus on growth.

What is EOR Software?

EOR (Employer of Record) software is a digital platform that enables businesses to hire, onboard, pay, and manage employees in foreign countries without establishing a legal entity in those locations. It acts as the official employer for compliance and payroll purposes while the company retains full control over the employee's day-to-day work.

How EOR Software Works

Hiring & Onboarding

• The EOR legally employs workers on behalf of your company.
• Handles contracts, local labor law compliance, and benefits.

Payroll & Tax Management

• Automates salary payments, tax withholdings, and social contributions.
• Ensures compliance with local employment regulations.

Benefits & Compliance

• Manages health insurance, pensions, and other statutory benefits.
• Keeps up with changing labor laws to avoid legal risks.

Offboarding & Severance

• Handles terminations, exit formalities, and severance pay as per local laws.

Key Benefits of EOR Software

• Faster Global Expansion: Hire talent anywhere without setting up a local entity.
• Full Compliance: Avoid legal risks with automated adherence to labor laws.
• Cost & Time Savings: No need for in-country HR teams or legal experts.
• Seamless Payroll: Multi-currency payments with tax deductions handled automatically.
• Employee Experience: Offer competitive local benefits (healthcare, PTO, etc.).

What is Payroll Software?

Payroll software is a digital tool that automates the process of calculating, managing, and disbursing employee salaries, taxes, and deductions while ensuring compliance with local labor and tax laws. It eliminates manual errors, saves time, and simplifies payroll operations for businesses of all sizes.

Key Functions of Payroll Software

Automated Salary Calculations

• Computes gross pay, deductions (taxes, insurance, retirement), and net pay.
• Handles overtime, bonuses, commissions, and reimbursements.

Tax Compliance & Filing

• Automatically withholds income tax, Social Security, and other statutory deductions.
• Generates tax forms (W-2s, 1099s, P60s) and files them with authorities.

Direct Deposits & Payment Processing

• Supports multi-currency payments for global teams.
• Integrates with banks for seamless salary transfers.

Leave & Attendance Tracking

• Syncs with time-tracking tools to calculate paid leaves, absences, and overtime.

Employee Self-Service Portal

• Allows employees to access payslips, tax documents, and update personal details.

Reporting & Analytics

• Generates payroll reports for audits, budgeting, and financial planning.

What are the types of payroll software?

Payroll software comes in different forms, each designed to meet specific business needs—whether for small businesses, multinational corporations, or remote teams. Below are the main types of payroll software and their best use cases.

1. Standalone Payroll Software

Standalone payroll software focuses solely on salary processing, tax calculations, and compliance without integrating with other HR functions. It is ideal for small businesses or freelancers who need a simple, cost-effective way to manage payroll without complex HR features.

2. Integrated HR & Payroll Software

This type combines payroll processing with HR management tools, such as employee onboarding, benefits administration, and performance tracking. It eliminates data silos and streamlines workforce management.

3. Global Payroll Software

Global payroll software handles multi-country payroll compliance, currency conversions, and international tax regulations. It is essential for businesses with remote teams or employees across different countries.

4. Cloud-Based Payroll Software

Cloud payroll systems operate online, allowing access from anywhere with automatic updates. They reduce IT costs, enhance security, and support remote workforces.

5. On-Premise Payroll Software

Installed locally on a company’s servers, on-premise payroll software offers full control over data but requires IT maintenance. It suits businesses with strict data privacy needs.

6. Contractor Payroll Software

Designed for businesses that pay freelancers or gig workers, this software automates contractor payments, tax forms (1099s), and compliance without full employee payroll features.

Best payroll, EOR, and PEO software

Below is an overview of some of the best payroll, EOR, and PEO software options available, listed in no particular order.

Deel

Deel is a global payroll and compliance platform designed to help businesses hire and manage teams in over 150 countries without needing local entities. It handles international payroll, tax filings, benefits administration, and contractor payments while ensuring full legal compliance. Deel is particularly valuable for companies looking to expand globally quickly, offering features like automated invoicing, visa sponsorship support, and equity management. Its streamlined onboarding and multi-currency payment processing make it ideal for remote-first organizations and enterprises scaling across borders.

Discount available: 15% off

Gusto

Gusto provides an all-in-one people platform tailored for small and mid-sized businesses, offering payroll, benefits, HR tools, and compliance support. Trusted by over 300,000 businesses, Gusto simplifies payroll processing, tax filings, and employee self-service while providing health insurance, retirement plans, and time tracking integrations. Its intuitive interface and automated workflows help growing companies manage their teams efficiently while staying compliant with U.S. labor laws. Gusto is especially popular among startups and SMBs looking for an affordable yet comprehensive HR solution.

Discount available: 15% off

Justworks

Justworks combines payroll, benefits administration, and compliance into a single platform, making it easier for businesses to manage HR operations. It offers access to enterprise-level benefits (like health insurance and 401(k) plans) for small and mid-sized companies while handling tax filings, workers' compensation, and payroll processing. Justworks stands out for its PEO (Professional Employer Organization) model, which allows businesses to offload employer liabilities and administrative burdens. The platform is well-suited for companies seeking a simplified, all-in-one HR solution with built-in compliance support.

Discount available: 25% off

Oyster HR

Oyster HR specializes in global employment solutions, enabling companies to hire, pay, and manage remote employees and contractors worldwide without establishing local entities. The platform handles international payroll, benefits, taxes, and compliance across multiple countries while providing tools for onboarding, equity management, and visa support. Oyster’s automated workflows and localized expertise make it a strong choice for distributed teams and companies expanding into new markets. Its focus on remote work infrastructure helps businesses navigate complex employment laws while offering competitive benefits to global hires.

Discount available: 15% off

Paychex

Paychex is a comprehensive payroll and HR solution catering to businesses of all sizes, from startups to large enterprises. It offers payroll processing, tax services, benefits administration, time and attendance tracking, and HR consulting. Paychex’s scalable platform supports both U.S.-based and international workforces, with additional features like retirement services, insurance, and compliance assistance. Its flexibility and robust reporting tools make it a reliable choice for businesses seeking a long-term payroll partner with extensive support options.

Discount available: $300 credit

Remote

Remote is an Employer of Record (EOR) and global payroll platform that simplifies hiring and managing international employees in compliance with local laws. It covers payroll, benefits, taxes, and immigration support across multiple countries, allowing businesses to scale globally without legal complexities. Remote’s platform includes contractor management, equity incentives, and employee relocation services, making it a versatile solution for distributed teams. Its transparent pricing and focus on compliance make it a top choice for companies prioritizing seamless cross-border hiring and workforce management.

Discount available: 15% off