Investing in an Online Payroll Software Singapore is Win-Win for Small Business

No matter what method you use, it is always important to keep the payroll job updated. However, use of the latest technology-driven solution is always proven to be better than age-old paper filing (manual method). The emergence of web-based payroll software Singapore is a boon for the business lagging behind in non-core aspects such as payroll, accounting, and bookkeeping.

It is wrong to assume that payroll has less importance as it is a non-core task of the business. A good business must maintain both core and non-core tasks equally to achieve overall success. For instance, an irregular, poorly maintained and untidy payroll records will leave irreparable damage to your business. To put it simply, the employees remain unhappy for not being paid on a timely basis. It demoralizes their spirit and zeal. And, it adversely affects your business in an indirect way. Thus, maintaining payroll is a necessity for all including small business.

Automation of payroll tasks is an ideal way to keep the workflow of the organization smooth and organized. A web-based payroll system enables you to automate the end-to-end payroll tasks of your organization. It simplifies all the tasks starting from calculating salaries, processing payroll, generating itemized pay slip, the tax deduction to report preparation. So, you can solve all the worries in just a jiffy. 

There is a section of businesses that rely on paper filing for the sake of saving a few dollars. As a result, they lag far behind their competitor (who uses software). The complicated payroll tasks are always better off by using a good payroll software.

Web-based Singapore Payroll Software: Harness the Power of Technology

The web-based payroll software is a perfect way to tackle the rigorous payroll and tax laws of Singapore. Since it is a mandatory requirement for all organizations to meet a set of statutory obligations, the payroll manager must deal with complicated issues related to stringent payroll and tax laws. The onus of statutory liabilities can lead you off the track and make you lose the concentration on the business objectives and goals. Nevertheless, you can avoid such situations simply by implementing an efficient payroll system. 

If carefully chosen, a good payroll software Singapore can make your life easy and stress-free. It also keeps your employees’ morale high. The system will help you tackle the employee’s payment related issues in the best manner. Most importantly, you will remain compliant with the law. 

You must do a complete research before finalizing on one product. Every business must consider all available options when selecting any business software Singapore. It helps you get the right tool that suits your budget and requirements. A wrong choice can put you at risk. So, make sure to invest sufficient time in research activity. 

Integrated Solution Eliminates Chances of Error

A web-based payroll software is an integrated solution for all your payroll related activities. Its ready-to-use feature allows you to start using the software right after purchase without having to install additional hardware. Any person having basic knowledge of computer can easily operate the software. The use of this integrated solution will drastically cut down the risks of human error. It is 100% accurate, efficient and prompt solution. 

It can also be considered as the centralized hub for recording payroll data. Once stored, the data can be retrieved at any point in time. You get accessed to data 24*7 using devices such as a computer, laptop, tablet, or a smartphone. The feature like integration with accounting software adds to the benefits of online payroll software. It seamlessly rolls out the payroll reports, calculations and other tasks with any hassles. All in all, the payroll system saves time and efforts of an employee who you can reassign to enhance the productivity of the business while keeping the employees happy and satisfied. 

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

Payroll Software? Should a Singapore SME Go for the Latest One?

Is a state-of-the-art payroll software of any real use to the SMEs? Will it be a fruitful investment for them?

Today, even a small company can harness the power of advanced technologies. It is especially true in the case of business software Singapore like payroll software. There was a time when everything related to computers needed tons of money. It was a disabling factor for many.

Payroll Software is Affordable to Small Businesses in Singapore

Now, things have changed. The advances in and the spread of technologies have put almost every latest change within reach of small business owners. The software manufacturers have come up with tools Payroll system that helps businesses in multiplying their efficiency, productivity and Returns on Investment (ROI). Isn’t it what you want to achieve? 

The spread of internet has allowed the SMEs to compete on the level that traditionally, was out of their reach. With the opportunity comes the need to shipshape their in-house tasks like payroll processing. This is where a web-based Singapore payroll software comes to their aid. The system is useful in automating & streamlining the payroll function effortlessly. 

Selecting the Right Payroll System 

Some business owners choose accounting software that in addition, allows them to manage payroll and other tasks. However, many prefer to invest in a payroll software Singapore that are specially designed to address the payroll needs of the business in total. It is a tricky decision to make. However, it is better to err on the right side!

Selecting a comprehensive web-based payroll system is not as easy as it sounds. It is not like choosing an operating system for your computer. You need to do a proper research on the internet. You may have to go through features and modules of numerous software that are promoted online before you could shortlist a handful.

Features of Payroll Software Singapore

Following is a list that may help you in achieving the task effectively. It lists what the online payroll software by SBS Consulting Pte Ltd offers to its users. You can use it as a reference to find a tool that will satisfy your needs.

• 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

Payroll Software Singapore for Groups of Companies

Your choice of payroll software Singapore will also depend on how your company is managed. You will need to choose the right software if it is one of the groups of companies managed by an umbrella organization. Such entities prefer to use software that allows them to store and control all their information (company setup, documents, Photos, NRIC) from a single location. It tremendously simplifies the administrative work for them.

The decision makers get to evaluate and base their decisions on various reports and live dashboard reports without having dig for the data related to each company at different places. Even those in charge of a solitary company can use such data efficiently.

24X7 On-the-Go Access

For every Singapore business looking to enhance its prospects by using a business software Singapore, it is necessary to invest in a powerful and module-rich Singapore payroll software. A large number of companies prefer web-based software as they can be accessed from anywhere and on the 24X7 basis. These systems are the cost-effective, maintenance-free, and totally pro user tools.

In fact, today’s online payroll software allows the users on-the-go access to its functionality using laptops, tablets, and smartphones. Naturally, the users can also access it using desktops over the internet connection. It allows the small business owners to use their time appropriately and fulfill their statutory compliance on time.

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

Grow Your Business Using an Intuitive Payroll Software Singapore

Every business, irrespective of sizes and nature, wants to grow and reach next level of the success. However, not all entrepreneurs are ready to spend a stupendous amount of money, time and resource for a magical solution. 

In today's competitive world, everyone seeks for solutions that use minimal resources, while giving a boost to the productivity and return on investment. For instance, many businesses are turning to payroll software Singapore to automate the mundane tasks of calculating employee's salaries and other related activities.

Singapore Payroll Software

An HR and payroll software can be used to streamline the tasks involved with payroll processing, tax calculation, managing allowances and keeping up with tax regulations and so on. This blog will provide the benefits of using a good payroll software in Singapore.

Implement Payroll Software & Save Your Precious Time and Money

A study shows that more than 50% of small businesses spend 1 to 5 hours per month on calculating payroll manually. In fact, some businesses even use more time. Let us imagine, if a company spend five hours per month on their payroll management, by the end of the year, that company ended up using over a week for calculating its payroll. You could have rather use that time in some productive activities of the business to increase ROI. Most Importantly, an automated payroll software not only saves time but also eliminates the chance of human errors.

As your business expands and hires more employees, so do the payroll costs increase. It has been noticed on many occasion that more than half small businesses spend up to 500 dollars per month on payroll processing using the manual method. This is exactly where the payroll software comes in. It can eliminate the cost of typical in-house employee cost while assuring 100% accurate results. So, you have less chance of being penalized by IRAS (Inland Revenue Authority of Singapore). When you install a web-based payroll software in your office premises, everything will be paperless, and thus, you save hefty amount on paper files, registers, and other stationary accessories.

Buy Payroll Software: Think Beyond Salary Calculations

The functionality of an advanced Singapore payroll software not just limited to the calculation of wages. The majority of software solutions come up with a range of extra built-in modules or add-on features. Below are the additional features that payroll software covers:

• Integration with Accounting software eliminates duplicate data entry and save time.
• Bio-metric (Finger Scan) Attendance support of Singapore payroll software enables the users to keep track of the working hours of the employee at their fingertips.
• Employee Management module allows the employees to get access to their payroll information.
• Users can calculate the payroll taxes, in a jiffy. It is updated with latest tax tables and ensures accurate calculations and filing of employee’s tax obligation.
• Generating itemized pay slip in accordance with the regulations of MOM is a breeze with payroll software Singapore.
• It is a ready-to-use software and does not require any additional hardware to get started.
• Support of IT team is not required to operate the software. Any novice person with basic computer knowledge can handle it without having to face any technical difficulty.

A good and advanced payroll software has the potential for maximizing the productivity of the business and thereby, it has been deemed to be a business software Singapore. In the city-state, due to the cut-throat competition, the market is flooded with affordable payroll software packages. Now, you could find a payroll software that suits your pocket well. The automation of non-productive function like payroll processing frees up the entrepreneurs to concentrate on core competencies of the business. The more you focus on productive activities, the higher will be the chances for growing productivity.

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