Ontriq (PVT) LTD
The Modern Payroll Engine for Sri Lanka's Growing Firms
Ontriq (PVT) LTD has positioned itself as a technology-forward payroll and HR services provider serving Sri Lanka's expanding mid-market, with a client base that spans BPO and IT services firms in Colombo, retail chains with distributed branch networks, and export-oriented manufacturers in the Katunayake and Biyagama zones. Where many local payroll operations still rely on spreadsheet-heavy workflows, Ontriq's value proposition rests on a configurable processing platform paired with a managed service layer, giving finance leaders both automation and a named team accountable for the monthly run.
The firm's principal strength is statutory precision under Sri Lankan law. Ontriq handles PAYE, now administered as APIT under the Inland Revenue Act No. 24 of 2017 and its subsequent amendments, alongside EPF at the 8 percent employee and 12 percent employer split, ETF at 3 percent, and the associated monthly returns and contribution schedules filed with the Department of Labour and the Central Bank's EPF Department. Gratuity provisioning under the Payment of Gratuity Act, overtime calculations under the Shop and Office Employees Act and Wages Boards ordinances, and no-pay and leave adjustments are all built into standard processing rather than treated as exceptions.
Ontriq is a strong fit for organisations between roughly 50 and 1,000 employees that want to retire in-house payroll administration without surrendering visibility. Bank-ready transfer files for major local institutions, self-service payslip distribution, and structured year-end reconciliation for employee tax certificates reduce the administrative load on lean HR teams. Multi-entity and multi-location support also makes the provider viable for groups operating several registered companies under one holding structure, a common configuration in the Sri Lankan corporate landscape.
Key Features:
- APIT and PAYE computation with year-end tax certificate reconciliation
- EPF and ETF contribution processing with statutory return filing support
- Gratuity and end-of-service provisioning under Sri Lankan labour law
- Bank-ready salary transfer files for major Sri Lankan banks
- Employee self-service portal for payslips and tax documents
- Multi-entity and multi-branch payroll consolidation
Why I Picked Ontriq (PVT) LTD:
I included Ontriq because it bridges a gap I see repeatedly in this market: firms that have outgrown spreadsheets but are not ready for enterprise HCM licensing costs. Their combination of a configurable platform with a managed processing team means clients get automation without having to build internal payroll expertise. The depth of their statutory coverage, particularly around APIT and EPF filing, is what moved them onto the list.