Payroll Software Singapore for Worry-Free & Timely Payday

Are you looking for a business software Singapore like payroll software Singapore to automate your payroll processing?

The web-based payroll software Singapore makes it easy for you to discharge your payroll responsibilities. Paying salaries of employees on time is considered as the prime responsibility under the Employment Act of Singapore. It says that they must be prompt about it and should pay the employees within a week of the end of the payment cycle.

Payroll Software Covers All the Singapore Payroll Components

Many businesses have their payroll as the biggest liability. However, the processing is easier said than done. It has so many components that doing it manually is getting difficult for the businesses with high headcounts. It is a lengthy task better left in the care of an integrated payroll software specially designed for the Singapore employers.

The startup and small business owners, for various reasons, try to do their payroll on their own. However, even basic payroll software Singapore can outdo their efforts easily. On the other hand, a fully integrated payroll system can simplify their life to a great extent. At the time of manual salary calculation, the business owner, HR or payroll executives needs to pay attention to various components.

The list of payroll factors is a big one and includes, overtime pay, allowances, deductions, monthly variable component, method, frequency, rate type, pay rate, employee grade, etc. They also need to factor in statutory deductions and levies of different types like CPF, CDAC, SINDA, MBMF, ECF, FWL, SDL, etc.

Know, What an Online Payroll System Can Automate for YOU

However, the manual payroll processing turns out to be repetitive and prone to human mistakes. The mistakes can prove to be harmful to company’s good will and its relationship with employees. The web-based Singapore payroll software is a great way out of the difficulty for the businesses in Singapore. An online system can help them in taking care of the following tasks.

• Employee Management
• Master Setup Management
• Company Management
• Banking Compliant - Automated GIRO for almost all Major Banks
• Compliant with regulations issued by CPF Board, IRAS, MOM
• Leaves Management
• Attendance & Timesheet Management
• Claims Management
• Progression Planning
• Enquiry Management
• Email and SMS Management
• Real-time Reports and Dashboards
• Schedule Management
• Tracking
• Bio-metric (Finger Scan) Attendance support
• Billing & Invoice Management
• Itemized Pay slip
• Multiple Company Setups & Document Upload
• Connectivity with Accounting Software like MYOB, Quick Books
• Experienced 24X7 customer service

Perfect Online Payroll Software Singapore for Small Businesses

Singapore Payroll Software Records Reliable Attendance Data

The business software Singapore like payroll software assists the management in improving the efficiency and productivity of their business. The system automates various in-house processes. Recording and maintenance of records of the attendance and timesheet is an important task in any workplace. The accuracy of the data matters in the calculation of exact employee salary. 

The web-based payroll system uses biometric finger scanners to record attendance and time tracking, an employee in and out time-related data. There is no need for you to assign a human resource to supervise the task. The data collected is reliable to the seconds as the system cannot be duped into accepting buddy punching. Moreover, the system consumes the data as a live feed and reduces the workload of the HR staff. The exact data provided by the system is useful in accurately calculating an employee’s salary. 

Focus on Your Core Tasks with Payroll Software Singapore

The implementation of a Singapore payroll software allows the business in avoiding its employees in getting snowed under work. The streamlining of the in-house low-level administrative tasks reduces a considerable amount of non-core tasks for its staff. It allows them to focus on the core tasks of the business. Such a team acts as a motivated and reliable force in propagating its products and services.

For the startup and small business owners in Singapore, it makes sense to use a module-rich payroll software Singapore. It is especially useful if they are already multitasking to get their work done and cannot spare any time to discharge their payroll responsibility. 

Moreover, it is an activity that generates no revenue for the business.

Contact Info  

SBS Consulting Pte. Ltd. 

High Street Centre,

 #17-02, 1 North Bridge Road, 

Singapore - 179094 

Tel: (65) 6536 0036 

Email: info@summittech.com.sg

Get Secure and Accurate Payroll Software Singapore

Payroll software singapore

The small and mid-sized business owners in Singapore need to invest in a payroll software Singapore. The employee salary, most often than not, represents the biggest liability of the business. Singapore employers, like all other employers, need to take special care of the task.

Need a Payroll Software?

However, manual processing of payroll is not completely reliable, and that is why many of the businesses are opting to use web-based payroll software. This well-developed business software Singapore allows them to exert a firm control over the task and bring the cost down. The system also enables them in optimal use of the available human and other resources which lead to enhanced efficiency and productivity of the business. 

 

Ensure Your Compliance with Payroll System

An online payroll software Singapore helps them in streamlining of the payroll tasks. The payroll responsibilities for the small businesses are not all that different from the ones for the larger businesses. They have to follows the payroll related rules and regulations propagated by the various Singapore authorities. They need to make sure that the hiring of employees, payment cycle, employee compensation, withholding of taxes, and statutory deductions and donations are as per the prescribed laws. 

 

Save Resources with Singapore Payroll Software

An integrated payroll software enables the employers in being compliant with the Employment Act of Singapore. It dictates them to pay their employees within the seven days from the end of their payment cycle. The system capably handles the salary calculations for the weekly, bi-weekly, or monthly payroll of the business.

The payroll system considers hourly rates, employee benefits, grades, allowances, and takes care of the statutory deductions from the paychecks. It generates itemized pay slips for the benefits employees. It prints their hard copies and emails their soft copies. It, if necessary, also prints manual checks or makes online deposits to the employees registered bank account.

A web-based Singapore payroll software enables the employers in saving time. It also assists them in putting a reliable structure in place to fulfill the legal responsibilities that are invested in employers by the authorities. With the software in place, there is no last-minute rush for the HR staff, no mistakes in the calculations of the salaries or a fatigued payroll executive at the end of the task.

 

The payroll software Singapore successfully automates the labor-intensive part of the process, comes up with accurate results, and remains at the instant call, only a few mouse clicks away. It assists businesses in taking care of the following tasks.

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Streamline Tasks with Singapore Payroll Software

• Employee Management
• Master Setup Management
• Company Management
• Banking Compliant – Automated GIRO for almost all Major Banks
• Compliant with the regulations issued by CPF Board, IRAS, Ministry of Manpower
• Leaves Management
• Attendance & Timesheet Management
• Claims Management
• Progression Planning
• Enquiry Management
• Email and SMS Management
• Real-time Reports and Dashboards
• Schedule Management
• Tracking
• Bio-metric (Finger Scan) Attendance support
• Billing & Invoice Management
• Itemized Pay slip
• Multiple Company Setups & Document Upload
• Connectivity with Accounting Software like MYOB, Quick Books, etc
• Experienced 24X7 customer service

 Data Security

The users do not need any specialized knowledge to use the web-based Singapore payroll software. Even, those with basic knowledge of computers and internet can shift to it easily. The software severs them with the intuitive user-interfaces. It saves the captured data to a central data storage located on the web servers.

The users can access the business’ financial or employee related data as per their access privileges at any time and from anywhere. They only have to access payroll system using the internet browser installed on their device like desktop, laptop, tablet or a smartphone. The access privileges are governed by the Security Matrix, and only authorized users are allowed to see the data on the need to know basis. 

 

The best way for a business of acquiring an innovative payroll software Singapore is to first fix its own requirements. It is an important step as businesses may have special requirements needing the customization of the off-the-shelf product. Go for the feature-rich payroll software by a known and reputed manufacturer. 

Contact Info
SBS Consulting Pte. Ltd.
Visit: http://www.summittech.com.sg/
High Street Centre,
#17-02, 1 North Bridge Road,
Singapore - 179094
Tel: (65) 6536 0036
Email: info@summittech.com.sg 

Implementation of Payroll Software Singapore Can Do Wonders for You

Is a web-based payroll software Singapore of any use to the SME owners?

Yes, it is useful business software Singapore!

An online payroll software Singapore can assist Small and Medium Enterprises (SMEs) in optimizing each of their employee’s productivity. 

Adopt Online Payroll System & Optimize Performance

If you are still doing your payroll manually rather than using a payroll system for the task, then, you are missing on a great opportunity. Right now, the Singapore government is doing all it can to improve office/workplace productivity.

The Singaporean authorities are urging the business owners to use technology and machines for optimizing the performance. Moreover, they are supporting the move with the funding and grants in order to compensate the interested businesses. It opens a grand opportunity for SMEs to invest in a business software Singapore like payroll software Singapore.

Payroll Software Singapore

Discharge Your Liability with Singapore Payroll Software 

The Employment Act of Singapore mandates companies, under its jurisdiction, to pay the employees within the seven days from the end of a pay cycle. The aim is to make the employer discharge the liability of the business as early as possible. The task is easy to handle with a payroll software.

However, manual payroll processing is a complicated and time-consuming task. It leeches on the core goals of the business for valuable resources and steals away the time, attention of qualified employees, and money, making the business suffer. A small business having limited resources cannot afford it. The implementation of an online Singapore payroll software successfully eliminates the disturbance in the workflow.

Streamline the Payroll Processing

The web-based payroll software Singapore automates and streamlines the internal payroll process of the business. Moreover, it lets the employees of the business maintain their focus on the core goals of selling products and services and generate profits which are vital for the growth and survival of the business. 

The small business owners need to pay their complete attention to the needs of the business. Anyone not trusting the task to an online Singapore payroll software has the chance of getting tangled with the task. It unnecessarily divides their attention. It also makes them prone to the stress of complying with the statutory responsibilities entrusted to them by the various authorities. Paying employees of the business accurately is not an easy task. There are numerous payroll factors to consider. 

Manage Deductions and Donations with Payroll System

The processing of payroll manually means spending many hours. It also means keeping up-to-date with the current payroll laws and rules. It also demands consideration of payroll components statutory deductions and donations like employer CPF, employee CPF, CDAC / SINDA / MBMF / ECF / SDL/ Community Chest, taxes, leaves, hourly rates, employee benefits, etc. On the other hand, it is a piece of cake for the owners using web-based payroll system.

The authorities update the payroll related rules and regulations as and when required. It makes it tough for the business owners to remain updated. The manufacturer of their online payroll system updates their software after each change. They effect the changes on the web servers where the software is installed.

Be Compliant with Latest Singapore Payroll Software

From the user’s point-of-view it is a trouble-free transition. Most of them remain unaware of it, but, they do get to use the latest version of the Singapore payroll software that ensures their compliance. The process is beautifully tailored, and they do not have to play any part in it.

The process of upgradation of a web-based payroll software Singapore is not like that of a desktop based software. There are no software patches to download from the internet or wait for the manufacturer to make them available on a CD or DVD and then, struggle with the installation.

 

#SchoolManagementSystem #Singapore - An IT Solution to Daily Tasks https://t.co/hXkoocwa87 via @SBS_Software - SBS Softwares (@SBS_Softwares) May 8, 2017

 

Features & Modules of the Best Singapore Payroll Software

Anyone wanting a business software Singapore like Singapore payroll software to improve the efficiency and the productivity of the business should choose carefully. A software rich in modules and features is a godsend. Following are a few features and modules that they must look for while researching payroll system.

• Employee Management
• Master Setup Management
• Company Management
• Banking Compliant – Automated GIRO for almost all Major Banks
• Compliant with the regulations issued by CPF Board, IRAS, Ministry of Manpower
• Leaves Management
• Attendance & Timesheet Management
• Claims Management
• Progression Planning
• Enquiry Management
• Email and SMS Management
• Real-time Reports and Dashboards
• Schedule Management
• Tracking
• Bio-metric (Finger Scan) Attendance support
• Billing & Invoice Management
• Itemized Pay slip
• Multiple Company Setups & Document Upload
• Connectivity with Accounting Software like MYOB, QuickBooks, etc
• Experienced 24X7 customer service

It is important to note that the use of Excel spreadsheets in the manual payroll processing can land you in the problem. There is always a possibility that the formulas can be tampered with. On the other hand, the business owners and HR professionals using them may also forget to update them leading to a breach of compliance. A progressive business owner can decide to implement a web-based payroll software Singapore and avoid all sorts of payroll troubles that could tarnish the image of the business and sour their relationship with the employees.

Contact Info: SBS Consulting Pte. Ltd. 
High Street Centre, 
#17-02, 1 North Bridge Road, 
Singapore - 179094 
Tel: (65) 6536 0036 
Email: info@summittech.com.sg