Who is the boss on your payday, you or your current payroll software Singapore? Does your payroll system dictates terms to you regarding how to use it or how much it can do or does your bidding the way you want it to do?
The performance and user-friendliness of a payroll software Singapore is a vital factor to consider while making the decision of purchasing it for the first time or upgrading your existing one. A wrong choice and you get bogged down by a crudely finished product having the potential of creating havoc at your workplace.
A Payroll Software can Help you in Increasing Your Efficiency
The Employment Act of Singapore dictates that all employers in the city-state must pay their employees within the 7 days of the end of their payment cycle. That is why a payday is hardly an occasion that you want to compromise because of an out-of-date business software Singapore like an absolute payroll software.
The payroll processing is a tough task and doing it manually is time-consuming and a sheer madness in the days of digital age. The sameness of numbers, fatigue, lack of updated knowledge about the latest changes in the rules and regulations related to payroll can lead to mistakes and sour the relations between the management and employees.
The startup and SME owners, inexperienced HR staff, finance controllers working in big companies, and even outsourcing consultants struggle with the payroll processing. A large number of them do not have any idea about how to handle issuance of paychecks or how to update the records or archive them for future reference. These individuals benefit from the use of a well-developed and module-rich payroll software Singapore.
In the beginning, when a company has a small number of employees managing its payroll is easy. However, as its business activities expand and necessitate the hiring of additional employees, the task becomes complex. An intuitive, web-based Singapore payroll software enables the employers in handling payroll complexities like the number of employees, various payroll components, the frequency of payments, and tough statutory requirements.
A web-based payroll software enables them to easily manage employees' statutory contributions and donations like Central Provident Fund, Skill Development Levy, Foreign Worker Levy, Chinese Development Assistance Council Fund, Eurasian Community Fund, Mosque Building and Mendaki Fund, and Singapore Indian Development Association Fund at the time of calculation of their salaries.
Modules of a Payroll Software Singapore
A state-of-the-art payroll software Singapore should offer excellent support for the following tasks.
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Employee Management
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Master Setup Management
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Company Management
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Payroll Management
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Leaves Management
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Attendance & Timesheet Management
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Claims Management
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Progression Planning
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Reports and Enquiry Management
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Email and SMS Management
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Reports and Dash Boards
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Schedule Management
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Tracking
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Reporting
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Bio-metric Finger Scanner
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Billing & Invoice Management
Implement an Online Payroll System, it is Beneficial
The manufacturers of the payroll software keep on updating their products as and when there is a change in the rules and regulations. In the case of the online payroll system, it is done on the web servers maintained by them. The most of the users don't even know about it as they do not have to update their own systems.
The benefit of using a web-based payroll software is that its users always get to use the latest version of the tool. Moreover, these types of systems are accessible from the desktop, laptops, tablets, and smartphones using a reliable internet connection. Singapore employers and their trusted staff can even use it On-the-Go or when they are mobile and away from their office workstations.
Don't Miss it: Using HR and Payroll Software in Singapore for Timesheet Management
An online payroll systems not only streamlines and automate the payroll processing for the management of the company but it also brings benefits to its employees. As an authorized user of the system they can log on it and check their leave status, upload applications and forms and can even communicate with the management about their claims and difficulties.
The implementation of a payroll software enables the Singapore employers to be more efficient and productive. If you are yet to get a web-based system for your organization, do your research thoroughly. List all that you expect from a new payroll software Singapore and the functionalities you want the manufacturer to customize to suit your unique needs.
Search for the latest payroll software packages on the internet. Shortlist a few of the promising once that come closest to your wish-list and talk to their manufacturers. Take assurances from them about the customization of their off-the-shelf packages to make it a complete HR & payroll system solution for your company.
