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Abstract cover for the article: Why choose Loom HRMS over spreadsheets and legacy payroll?
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Why choose Loom HRMS over spreadsheets and legacy payroll?

HSHardik ShahValueye Technologies

People data should be entered once and used everywhere, from onboarding to payslip.

Where HR work fragments

Hiring lives in one tool, attendance in another and payroll in a spreadsheet. Every month someone copies attendance into the payroll sheet and recalculates statutory deductions by hand. Errors are inevitable and employees have no single place to see their own records.

The full employee lifecycle in one system

Loom connects hiring, employee management, attendance, leave, payroll, onboarding, performance and growth, so data entered at hiring flows through to the payslip.

What Loom covers

  • Applicant tracking, document verification and onboarding.
  • Geo-fenced mobile attendance, shift planning, biometric device sync and leave approvals.
  • Statutory payroll: PF, ESI, Professional Tax and TDS computation.
  • OKR tracking, 360-degree feedback and bonus modelling.
  • Employee self-service for payslips, tax declarations, loans and expense claims.

What payroll day looks like without a connected HRMS

In many companies, payroll starts with someone exporting attendance from a biometric device, matching it against leave records kept elsewhere, and typing the result into a salary spreadsheet. Statutory deductions such as Provident Fund, Employee State Insurance, Professional Tax and TDS are then calculated, often with formulas that only one person understands.

Any change, such as a mid-month joiner, an unpaid leave or a revised tax declaration, means recalculating by hand. Errors are not just awkward; they can mean statutory penalties and unhappy employees.

What connected data changes

With Loom, an employee's details are entered once at hiring and flow through onboarding, attendance, leave and payroll. Geo-fenced mobile attendance and biometric device sync feed attendance directly. Leave approvals update the same record. Payroll then computes PF, ESI, PT and TDS from that data instead of from re-typed spreadsheets.

For employees, a self-service portal means payslips, tax declarations, loan requests and expense claims are available without raising a request to HR. For HR, it means fewer repetitive queries and more time for work that needs judgment.

Beyond payroll: performance and growth

HR is not only payroll. Loom also supports objective-driven performance appraisal with OKR tracking, 360-degree peer feedback and bonus allocation modelling. Keeping performance data in the same system as attendance and pay gives managers a fuller picture when reviewing someone's contribution.

Common questions

Does Loom handle statutory payroll in India? Yes, including PF, ESI, Professional Tax and TDS computation.

Can employees mark attendance from their phones? Yes, through geo-fenced mobile attendance, and Loom can also synchronise with biometric machines.

Is it only for large companies? It suits any business whose payroll and HR processes have outgrown spreadsheets.

When to switch

If payroll day needs a spreadsheet and a prayer, it is time to look at a connected HRMS.

See Loom HRMS in detail, or talk to the Valueye team about your setup.

Continue reading

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