Singapore Payroll Software is an Essential Tool for Businesses

Why should Singapore employers prefer payroll software Singapore?

The payroll processing is a tough task for any Singaporean business irrespective of its size and industry. It is a statutory responsibility that the business has to discharge within the time-frame prescribed by the authorities.

Do You Need a Singapore Payroll Software?

However, doing the payroll manually takes time and needs an investment of valuable resources. The progressive employers tip the scale in their favor by automating it by implementing a web-based payroll software Singapore. It allows them to take care of a non-core task of the business in a professional way. The payroll system enables the Singapore companies to protect their brand name and goodwill and maintain a functional relationship with their employees. 

An online Singapore payroll software enables the small business owners to carry on their business activities without having to worry over the discharging of their liability towards their employees. The Employment Act of Singapore dictates that the employers should pay their employees within the seven days of the end of their pay cycle. However, the task is a complex one as there are various payroll factors that need to be considered to accomplish the task accurately.

Yes!!! It is true that using a web-based payroll system a company can automate its payroll function. That is why carefully choosing a payroll software that will provide for all the compliance related needs of the business is a major step towards taking care of the payroll.

Choosing Payroll System for a Small Business

The payroll processing is not a big deal for the big companies as they have assets to call on for the setting of an independent unit to address the problem. However, it is not the case with the small businesses. They have to make do in with the resources they have at their disposal.

An online payroll software Singapore rich in modules is a perfect solution for them. And, it is more true for the entrepreneurs that along with their handful of employees multitask to promote their businesses. These entities should choose a payroll software that will assist them in taking care of the following tasks.

• Employee Management
• Master Setup Management
• Company Management
• Payroll Management
• Leaves Management
• Attendance & Time-sheet 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

Key Features of a Web-Based Payroll Software

Before committing to a payroll software Singapore of your choice, it is necessary to judge whether you have the need for any special functionality. The software developing companies offer flexible solutions and are ready to customize their software to fulfill the client's specific need. Following are a few basic features that your chosen payroll system must provide.

• Management of Employees, Company & Master Setup
• Bio-metric finger scanners for Attendance & Time-Sheet
• Itemized Payslip
• Leave Management
• Multiple Company Setups & Document Upload
• Progression Planning
• Claims Management
• Billing and Invoice Management
• Connectivity with Accounting Software like MYOB, QuickBooks, etc
• Offers enhanced communication with Emails and SMSs
• Real-time Reports and Dashboards
• Experienced 24X7 customer service

Solve Your Worries with a Singapore Payroll Software

The important benefit of using web-based payroll software Singapore is that the HR staff or the individual performing the task do not have to worry about the changes in the rules related to payroll. The authorities change these regulations from time to time. They may affect individual income tax rates, statutory contributions and donations like CPF, CDAC, SINDA, ECF, MBMF, etc., employee allowance, etc.

The manufacturers of the online Singapore payroll software updates their software to accommodate the changes in the rules. The software is installed on the web servers, and this is where it is changed without affecting its users. They do not have to download any software patches or install any new versions on their devices.

Using a web-based payroll software Singapore is an easily achieved thing as all the user have to do is to open their internet browser and access the system. They can do so from their smartphones, tablets, laptops or desktops at any time and from anywhere. Using the handheld devices they can access the system On-the-Go which an advantage over the desktop-bound payroll systems.

Contact us: http://www.summittech.com.sg/ 

Tel: (65) 6536 0036

Email: info@summittech.com.sg

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, inquiry 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