Upgrade Your Payroll with Singapore Payroll Software
As a small business owner in Singapore, you cannot underestimate the benefits of Singapore payroll software. You may have noticed that the end of pay cycle brings considerable amount of stress to your HR staff if you make them do the payroll opeartions manually.
The solution to the problem is simple. You need to invest in a web-based Singapore payroll software. A payroll system offering a variety of modules can raise the morale of your HR staff significantly. Implementation of an online payroll system leads to the automation of the payroll process.
Take Care of Non-Core Task, Raise Efficiency & Productivity
The automation of the in-house HR processes using the online Singapore payroll software inevitably leads to the optimum use of the skilled resources. It is also instrumental in driving the efficiency and the productivity of the concern up. For a Singapore company entirely focused on being a competitive entity, these undeniably are the must have benefits.
Every business owner has to prioritize the allocation of resources to the business’ essential, but, non-core and core tasks. The payroll is a non-core function of the firm. Doing it accurately does not bring the company any revenue or profit. However, it is a statutory responsibility and a way of discharging the business’ liability.
Be Compliant
A web-based payroll system brings sophistication to how you carry out your payroll processing. These software tools are updated whenever the authorities bring changes to the payroll-related rules and regulations.
This enables the users of an online payroll system to be accurate in their payroll processing without having to keep track of the changes. The use of a payroll software is essential for the satisfactory compliance with the mandate put out by the governing authorities.
HR & Payroll System to Streamline Your In-House Processes
If you are trying to locate a Singapore payroll software, you should look for a tool that integrates a number of modules. The emphasis should be on the ease of automating and streamlining of as many HR related in-house processes as possible. Your choice should offer you the liberty of taking care of at least following tasks.
Employee Management
Master Setup Management
Company Management
Payroll Management
Leaves Management
Attendance & Timesheet Management
Claims Management
Progression Planning
Reports and Enquiry Management
Email and SMS Management
Reports and Dash Boards
Schedule Management
Tracking
Reporting
Bio-metric (Finger Scan ) Attendance support
Billing & Invoice Management
Prefer Web-based Payroll Software Over Manual Processing
It is not easy to arrive at an accurate salary for an employee without using a reliable payroll software. The manual payroll processing is a painstaking process which needs lots of mental focus and takes a huge amount of time. That is why implementing an online Singapore payroll software and automating the process is the best solution
Statutory Contributions and Donations
The payroll executive has to consider a lot of factors during payroll processing. The individual needs to take into account statutory contributions and donations like CPF contributions and different levies, incentive, public holidays, leaves, insurance, medical benefits, loans, employee benefits, and taxes that apply to the employee. The accuracy of result also depends on the considered employee hours.
Recording Employee Attendance and Hours
The state-of-the-art HR & payroll software Singapore automates the attendance taking. It uses bio-metric finger scanners to record the employee attendance and time-sheet. The data is stored in the database & is readily available with a few mouse clicks.
Itemized Payslips and Paychecks
The payroll software assists the HR staff in coming up with the itemized payslips as per the requirements of law. The system also facilitates the printing of the paychecks for the employees and transfer the salary to an employee’s registered bank account. It also sends SMS and email alerts to let the employees know about the deposition of salary into their accounts.
A well-developed Singapore payroll software facilitates progression planning, enquiry management, scheduling, reports, etc. It also simplifies communication between the management and employees by providing a module for SMS & Email management. It allows the employees to put their claims and problems in front of the management without having to meet the concerned official in person. The payroll system also allows them to log in using their User Names and Passwords and access resources on it.
Contct Us:
SBS Consulting Pte Ltd
High Street Centre,
#17–02, 1 North Bridge Road,
Singapore — 179094
Tel: (65) 6536 0036
Email: info@summittech.com.sg
