AscentHR: Simplifying the Complexities of Payroll and HR Management with End-to-End HR Solutions

Acknowledged for streamlining the complexities of HR management, Ascent Consulting Services Pvt. Ltd. offers a comprehensive suite of HR-related services, diligently created to maximise business support, automation, financial wellness, and regulatory compliance across various industries.

This 21-year-old pioneer in recruitment and human resource management is effectively adding value to the companies’ human capital by fostering their talent pool and ensuring smooth, accurate, and efficient HR and payroll processes.

Strategically located in India’s Silicon Valley, Bangalore, the company was formed dating back over two decades, in 2002, with a foundational mission to simplify the complexities of payroll and HR processes.  Today, AscentHR has successfully handled 850+ clients throughout 35 countries with an exclusive count of 800 experienced individuals, thanks to the visionary leadership of its Founder & CEO, Subramanyam S., and Co-founder & COO, Geeta L. This leading team ensures that AscentHR remains at the cutting edge of HR technology innovation and implementation, continually setting new benchmarks in the industry.

An Expanding Array of Offerings and Propelled Growth

AscentHR is a pioneer of various HR products and services, all of which are modular and can be adopted as standalone solutions with flexible delivery models. Additionally, AscentHR offers companies of all sizes a comprehensive range of managed payroll services across all industry sectors. The company has strengthened its position globally by exclusively leveraging its proprietary platforms, cloud-native, low-code, and Java-based applications.

Its cloud-based SaaS platform, StoHRM, is a country-specific gross-to-net payroll calculation application for 35 countries across APAC, EMEA, and LATAM. The company is expanding rapidly and has established a solid presence in the APAC area. Its primary aim is to increase its global presence in its core business segments, which include managed payroll and HR products and services.

AscentHR also offers a broad range of complementary HR solutions for workforce and vendor management, business expense reimbursement management, business compliance management, vendor compliance management, survey management, benefits administration, and employee financial wellness. For instance, AscentHR offers personal finance management services through its financial planning platform, Jofin.

Robust Service Delivery Models

AscentHR provides its products and services via managed payroll and software-as-a-service (SaaS) delivery methods, aligning with clients’ specific requirements. The two in-house payroll platforms from AscentHR, StoHRM, and PowerPay assist companies in handling end-to-end payroll duties and accurately navigating all the complexities involved in payroll procedures.

Built with a self-service architecture and loaded with smart features and modules, the platforms enable quick deployment, saving time and delivering a superior user experience and heightened efficiency. These payroll platforms are pre-configured HRM systems with a strong focus on targeting that can be coupled with top-tier third-party HCM platforms. Furthermore, AscentHR’s systems and procedures are audited by SOC 1 and SOC 2, certified by ISO 9001, and comply with data privacy compliance regulations.

Accelerating growth through R&D

Embracing a forward-looking stance, AscentHR dedicates approximately 15% of its annual revenue to R&D initiatives, a strategic investment that underscores its dedication to staying ahead of market trends, capturing new opportunities, satisfying client needs and preferences, and fostering enduring growth. Through unwavering investments in automation, analytics, and cutting-edge technologies such as artificial intelligence (AI) and machine learning (ML), AscentHR is not just keeping pace with industry evolution—it’s setting the pace, enhancing its services, and securing its place as a leader in the marketplace with optimism and vision for the future.

AscentHR’s Strategies and Success – At a Glance

Focusing squarely on customer-oriented innovation, AscentHR is carving out a distinct future for itself and profoundly influencing its clients’ enterprises by delivering measurable value. The company interacts closely with its clients to provide tailored solutions that exactly match their needs, whether it is offering full payroll processing services or creating specialised, stand-alone solutions.

Client testimonials consistently underscore several key benefits of AscentHR’s partnership, including enhanced processes, significant cost and time savings, better workflow, swift digital transformation, and sophisticated analytics. These accolades reflect the company’s commitment to excellence and its pivotal role in enabling clients to navigate the complexities of modern business landscapes with confidence and strategic advantage.