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