Intuit has revealed that it has joined hands with Paybooks, the cloud based payroll providers in India. As per the deal, they will offer a comprehensive payroll platform for small business owners and accountants. The reinvented Intuit QuickBooks will enable users to manage end-to-end payroll, benefits and compliances.
Speaking about the partnership, Nikhil Arora, Vice President and Managing Director, Intuit India, said. “The partnership with Paybooks will strengthen our vision to become the ecosystem behind the success of Indian small businesses and accountants. By 2020, we want one in four small businesses in India to use Intuit products and services. With this partnership, we are able to provide our customers with an end-to-end financial solution with integrated accounting, payroll and compliance.”
On the other hand, Samira Rao, Co-founder and Director of Paybooks, said “Paybooks is committed to help businesses in India by automating their payroll, compliance and benefits management. Partnering with Intuit QuickBooks will enable us to reach out to small businesses and accountants in India. Since accounting and payroll are complimentary to each other, this strategic partnership will also help our customers experience a seamless access to accounting and allied functions through Intuit’s strong partner ecosystem.
The partnership will allow small businesses and accountants to increase efficiency, usability and expand their business. It will also make it easier and quicker to comply with payroll laws such as Provident Fund (PF), Professional Tax (PT) and Employee State Insuance (ESI). Moreover, Intuit will be able to offer a robust solution that will empower small business owners and accountants to better collaborate with their employees and clients.