greytHR alternative
Looking for a greytHR alternative? Try Peymatrix.
Peymatrix is a modern, AI-native HR and payroll platform with full India compliance, UAE support, and a clean interface built for today's teams.
What Peymatrix includes
India Payroll & Compliance
EPF / PF calculation (statutory)
EPF ECR 2.0 export — basic salary wage base per EPFO spec
ESI calculation with contribution period locking (ESI Act §2(9))
TDS computation (old & new tax regime)
Form 16 Part A — quarterly TDS breakdown (CBDT Rule 31)
NSDL Form 24Q export — BSR code enforced before file generation
Professional Tax — state-wise, semi-annual states supported, editable admin master
Investment declaration feeds live payroll TDS computation
Proof of Investment (POI) workflow — employee upload, HR/Finance review, auto-sync to TDS
Conditional Pay Rules — rules-based component amounts (e.g. night-shift allowance, location HRA)
Sales Commission engine — tiered/marginal plans with accelerators and approvals
Loan management (personal, education, housing, emergency) + dedicated Salary Advance flow
Full & Final settlement
Arrears & salary revision history with per-revision currency
UAE Payroll & Compliance
WPS SIF v2 file generation
WPS blocked when any employee is missing Emirates ID
End of Service Gratuity — UAE Labour Law
GPSSA pension return for UAE nationals
NAFIS quarterly Emiratization return — Federal Decree-Law 6/2023
Multi-currency payroll (AED)
India + UAE managed in one account
Core HR & Employee Management
Employee database, profiles & documents
Onboarding workflows
Employee Groups — flexible cohorts (engineering, sales, region) for policy targeting
Attribute Change Request workflow — profile changes routed to HR with audit trail
Letter Templates — rich-text editor with variables, page layout, version history
Document management with e-sign
Document Series — auto-numbering for payslips, offer letters, separation letters
Org chart & hierarchy
Offboarding & exit management
Asset management with cost-center tagging
Succession planning
Finance & GL Integration
Cost Centers master with budgets, overspend alerts, per-cost-center spend dashboard
Auto-tagging — payslips, asset assignments, loans, expenses inherit employee's cost center
Chart of Accounts (COA) master + Salary Component → GL Account mapping
QuickBooks, Zoho Books, Tally integrations — push journal entries on payroll publish
Tenant Email Config — bring your own SMTP so payslips go from your own domain
Attendance & Leave
Attendance tracking (web & mobile)
Biometric device sync
Geo-fencing attendance
Shift & roster management — visual weekly roster builder
Attendance regularisation workflow (employee → manager review)
Configurable pay cycles + attendance cutoff day separate from payroll run day
Leave policy engine — carry-forward & encashment
Leave Opening Balance setup for new hires and migrations
Notice-period leave restrictions (forbid / cap / min balance)
Holiday calendar (India + UAE)
Performance, L&D & Engagement
OKR / Goal management
Performance review cycles (360°)
Continuous feedback
Learning & development (LMS)
Employee surveys & pulse checks
Helpdesk / HR ticketing
Employee Self-Service
Download payslips, Form 16, Form 12BA
Apply leave, on-duty, comp-off, attendance regularisation
Submit expense claims with receipt upload
Reimbursement Statement — declared FBP vs claimed, available balance per component
Apply for Salary Advance (interest-free, with running balance & repayment schedule)
Submit Proof of Investment documents for tax deductions
Profile change requests routed to HR for approval
Manage signed-in devices and revoke other sessions
Help Center — searchable guides + AI assistant + helpdesk
AI & Automation
AI Decision Engine — auto-approvals & compliance risk scoring
AI payroll anomaly detection before payroll run
AI HR chatbot — natural language queries
Drag-and-drop report builder
Analytics dashboards
Multi-step workflow automation
Pricing & Access
Free up to 10 employees; from ₹2,999/mo + ₹70/employee
Transparent hybrid pricing — platform fee + per-employee, published openly
14-day free trial, no credit card required
Mobile app (iOS & Android)
API access
Why teams switch from greytHR to Peymatrix
Modern interface
Peymatrix is built mobile-first with a clean, fast interface. Employees and HR teams can complete tasks without navigating buried menus or switching to desktop.
India + UAE in one account, one price list
WPS, Gratuity, GPSSA pension returns, and NAFIS Emiratization filings handled in the same account as your India payroll — with published pricing for both countries, no separate regional sales process.
AI that acts, not just assists
The AI Decision Engine automatically approves routine requests under a confidence threshold with bias audits and a full audit trail, detects payroll anomalies before the run, and answers natural-language HR queries.
Full performance management
OKRs, 360° reviews, continuous feedback, and succession planning — included without needing a separate tool.
Learning & development
Built-in LMS for course assignments and learning paths — no additional subscription needed.
Per-employee pricing
One published platform fee (from ₹2,999/mo) plus ₹70 per employee — the per-employee component scales with your actual headcount, and the full price is on the pricing page before you sign up.
Try Peymatrix free for 14 days
No credit card required. Modern HR with India and UAE compliance, performance management, L&D, and AI automation.