Financial control for yourIndia team.One invoice. Clean books.

Financial control for your
India team.
One invoice. Clean books.

USD invoicing payroll. Statutory compliance. Audit-ready records. $149/mo EOR with first month free. No entity required.

USD invoicing | no FX exposure
Audit-ready records
$0 setup | no entity
5-day onboarding
$0
Setup + exit fees
1
Single USD invoice

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$149
EOR per employee / month
First month free
USD
Invoicing
Zero FX exposure
$0
Setup + exit fees
No hidden costs
5
Days to onboard
Documented SLA
Finance pain points

The hidden cost of
payroll complexity.

Managing India payroll across multiple vendors, currencies, and compliance regimes drains time and creates audit risk. You need one system.

⛅

Multiple vendors, multiple invoices

PF payroll here. ESI there. TDS somewhere else. Your GL gets fragmented. Finance team chases receipts. Reconciliation is a nightmare.

💰

INR to USD reconciliation headaches

Payroll in rupees. Budget in dollars. FX rates shift monthly. Your accounting system can't reconcile what you budgeted vs what you paid. Surprises at close time.

⚠

Statutory liability visibility gaps

Which liabilities are accrued? Which are payable? Which have been paid? Your vendor gives fragments. You spend hours building reconciliation sheets.

📄

Audit prep is manual

Auditor requests payroll registers. EPFO receipts. TDS certificates. Challans. You hunt through email. Vendors drag. Compliance risk rises.

🤓

Compliance drift

New Labour Code changes. State-specific rules. Your vendor adapts late. You find out at tax time. No audit trail. CFO is accountable. You're exposed.

💵

FX margin + hidden costs

INR-based vendors convert at market +2-3%. Annual Indian payroll: 50 lakh rupees. That's 2-3% tax on top. Money that could have been yours.

Trusted by 300+ global companies

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What Versatile solves

One system.
One invoice. Clean GL mapping.

The Versatile difference for finance:

✓
Single USD invoice
One line item per employee per month. Statutory costs, ESI, TDS, everything in the invoice. No FX exposure. No explaining foreign currency to your team.
✓
Statutory liability dashboard
Real-time visibility: PF, ESI, PT, TDS, Gratuity. Employer vs employee split. Monthly accrued vs payable vs paid. No spreadsheet hunting.
✓
Audit-ready records
Payroll registers, EPFO receipts, ESIC challans, TDS certificates, gratuity schedules. One dashboard. Your auditor doesn't chase us. You don't chase spreadsheets.
✓
Clean GL mapping
Your accounting system understands one invoice, one currency, one vendor. No manual splits. No reconciliation drift at quarter-end.
✓
Compliance built in
PF 12%, ESI 3.25%, PT, TDS, New Labour Code. Our compliance team files directly with EPFO and ESIC. You stay ahead of regulation changes.
See how it works
Why finance teams choose Versatile

Six reasons CFOs
trust us.

USD

USD invoicing is a structural moat

Fixed USD cost per employee. No FX margin. No currency surprise. Your budget in dollars stays in dollars. Finance teams in San Francisco, London, Singapore all see clarity. No surprises at quarter-end.

IN

India-native, not adapted

Bangalore HQ. Our compliance team files directly with EPFO, ESIC, and state authorities. We know PF 12%, ESI 3.25%, Gratuity 4.81%, New Labour Code. This is core product, not bolted on.

1M

First month free

Month 1 EOR fee ($149) is on us. Month 1 Managed Payroll ($49) is on us. This is risk reversal. You only pay if Versatile delivers on audit readiness and compliance.

5D

5-day onboarding SLA

Day 1 to Day 5 payroll live. No entity setup. No waiting. Your finance team has a hard deadline. We deliver on it. Documented SLA. No excuses.

$0

No setup or exit fees

Ever. Pure recurring. You're not locked in. This forces us to stay excellent. Finance teams want options. We give them options with zero switching cost.

Sagar

Founder-backed, CFO-trusted

Sagar Chainani, founder, staked personal reputation on India payroll excellence. When your CFO calls with a compliance question, they're talking to someone who built this, not a call center.

Ready to simplify payroll?

Book a demo
USD Invoicing

How it works:
No FX exposure.

1
Invoice structure
One invoice, one currency
Versatile invoices you in USD. Single line item per employee per month. Includes EOR fee, PF, ESI, TDS, benefits. No invoices from India. No rupee surprises. One vendor, one currency, one reconciliation.
2
Statutory costs
Baked into USD invoice
Your Bangalore engineer: 18 lakh INR annually. PF, ESI, TDS, Gratuity: included. Versatile handles all government filings in rupees. You pay fixed USD. No asking your employee for rupee rates. No explaining monthly FX variance.
3
GL mapping
Clean, predictable, auditable
Your accounting system sees: one vendor, one invoice, one currency code (USD), one expense line. No manual GL splits. Reconciliation happens automatically. Your CFO's close process doesn't get disrupted by payroll complexity.
4
Budget vs actual
What you budgeted is what you pay
Budgeted $149/mo per employee. Month 1, Month 2, Month 12: still $149/mo in USD. No FX headaches. No explaining to CFO why April cost 2% more than March because rupee moved.
Statutory visibility

Every liability,
at a glance.

Versatile dashboard gives you real-time visibility into employer and employee statutory components, accrued vs payable vs paid tracking.

Statutory Head Employer Employee Monthly Accrued Status
PF (Provident Fund) 12% 12% 3,000 (12% of 25k salary) Paid
ESI (Employees' State Insurance) 3.25% 0.75% 812 (3.25% of 25k salary) Paid
PT (Professional Tax) 0% 0-2.5% (state-specific) 625 (varies by state) Payable
TDS (Tax Deducted at Source) 0% 20-30% (if salary exceeds limit) 6,000 (if applicable) Deducted & Filed
Gratuity (Accrual) 4.81% 0% 1,202 (monthly accrual) Accrued

All visible in the Versatile dashboard. No spreadsheets. No hunting. Finance team gets clarity on what's owed, when it's due, and what's been paid.

Audit support

When your auditor
asks for proof.

1

Payroll registers

Detailed register showing attendance, salary, deductions, net pay, arrears. Month-by-month. Employee-by-employee. Signed and sealed.

2

EPFO filing proofs

EPFO ECR filed on time. Receipts and acknowledgments. PF reconciliation across all employees. Zero gaps.

3

ESIC challans

ESI contribution challans filed with the ESIC board. Proof of payment. Your liability is discharged.

4

TDS certificates

Form 16 and TDS monthly certificates. Your auditor can cross-check with IT filings. Zero discrepancies.

5

Gratuity schedules

Gratuity liability accrual. Year-on-year schedule. Reconciliation to balance sheet. Financial audit gets clarity.

6

Complete audit trail

Every transaction logged. Every compliance filing timestamped. Your auditor doesn't ask questions. They ask for specific reports, and we send them in 5 minutes.

Growth

Scale from 5
to 50 seamlessly.

5
Month 1
Your first India hire
One employee. $149/mo EOR (first month free). Versatile handles all compliance. CFO invoice is clean. You have proof you can hire fast.
10
Month 4
Team is cohesive
10 employees. Still $149/mo each. Same compliance coverage. Same audit readiness. Versatile account manager is working with your finance team on monthly close.
25
Month 10
Growth becomes obvious
25 employees. Revenue is growing. Finance team is confident in payroll numbers because they're clean. Versatile can discuss managed payroll ($49/mo) or stay on EOR at $149/mo.
50+
Month 18+
Consider your own entity
50 employees. You may want to transition to your own Pvt Ltd for cost savings. Versatile supports the transition. Same compliance team. Same audit readiness. We migrate all data seamlessly, and you own it.

At every step, the per-employee cost stays the same. Versatile's cost scales, not your cost per hire.

Compliance coverage

India-native
statutory compliance.

PF (Provident Fund)

12% employer contribution. Employee contribution withholding. Monthly ECR filing. APAR compliance.

ESI (Employees' State Insurance)

3.25% employer cost. Monthly challan filing. State-wise compliance. Employee coverage verification.

Professional Tax

State-specific deduction. Monthly/quarterly filing. Andhra Pradesh, Punjab, Maharashtra, Karnataka, etc.

TDS (Tax Deducted at Source)

Form 16 issuance. Monthly certificates. IT filing reconciliation. 20-30% deduction at source.

New Labour Code

2025-26 updates. Basic + DA calculation. Leave encashment rules. Workplace Code compliance.

Gratuity (Statutory)

4.81% accrual. Vesting rules. Calculation on termination. Balance sheet liability.

Statutory Registers

Attendance register. Payroll register. Leave register. All maintained and filed as per law.

Annual Returns

EPFO annual returns. ESIC annual returns. TDS filing. State compliance reports. All submitted on time.

Employee Benefits

Medical claims. Leave management. Expense reimbursal. Benefits tracking and documentation.

Compare options

Why Versatile
wins for finance.

Feature Multiple Vendors Own Entity Versatile EOR
Invoicing currency INR (FX exposure) INR (FX exposure) USD (fixed)
Setup cost $2,000+ $15,000-25,000 $0
Time to hire 6-8 weeks 10-12 weeks 5 days
Per-employee cost $80-120 $100-150 (admin cost) $149 (all-in)
Statutory compliance Fragmented Your responsibility Complete
Audit support You compile docs You manage auditor We provide all docs
GL reconciliation Manual (4+ invoices) Manual (internal) Automatic (1 invoice)
Single invoice No (multiple vendors) No (internal ledgers) Yes
First month free No No Yes
Exit fees Yes High (entity shutdown) $0
Finance teams trust us

Real voices from
CFOs and finance leaders.

Versatile's USD invoicing is a game-changer. One invoice in fixed dollars. No rupee variance. Our Q3 close was three days faster.
A
Abid Hassan
CFO, Sensibull
We're a global company with 10 countries. India payroll was the most complex. Versatile took 100% of the audit headache away. They own the compliance. We own the results.
M
Michael Montmoril
Finance Director, Climate Connect Digital
First month free was zero risk. We hired 8 people in 5 days. No setup fees. No questions about compliance - Versatile handled it. Finance team was blown away by the clarity.
K
KS Rajeshwari
Finance Manager, Bharath Raso

Ready to simplify
your India payroll?

USD invoicing. Clean GL mapping. Audit-ready records. One conversation away.

Schedule your demo
Questions?

Frequently asked
by finance teams.

Your invoice is in fixed USD (or GBP). Versatile invoices you for the EOR fee in USD. Statutory costs like PF and ESI are included. No FX exposure. No explaining foreign currency to your finance team. Clean GL mapping with a single invoice.

You get visibility into employer vs employee components: PF (12% employer, 12% employee), ESI (3.25% employer, 0.75% employee), PT (0-4.5% state-specific), TDS (20-30%), Gratuity (4.81%). Monthly accrued vs payable vs paid tracking. All in one dashboard.

Payroll registers, statutory filing proofs, EPFO receipts, ESIC challans, TDS certificates, gratuity calculations, and complete historical records. Documentation trail for every transaction. Audit-ready from day one.