The government and corporate world are embracing automation as never before. It is reflected in the increased adoption of business software Singapore like online payroll software. You don’t have to dig too deep to get at the reason.
The businesses want to save the time and resources that they have to divert for the completion of non-core but compliance related tasks. The payroll processing is one such task as it does not generate any revenue and profit for the company. A robust and agile web-based payroll software gives a modern Singapore business a chance to make optimal use of the resources. All they have to do is to access it using their internet browser.
Payroll System: Business Software for Singapore Companies
“A penny saved is a penny gained,” is a saying that every small business owner should put in the practice. It also holds true even when you apply it to the other resources. The owners of the startups and even those of the existing businesses, more often than not, must multitask.
Consequently, they need to juggle various tasks, right from answering queries from the stakeholders to making sure of sale and spot-on delivery of their products. It is what brings them money and what they should primarily be concerned with. Their priority is to ensure the survival of the business and increasing its competitive edge.
For the business owners, time spent on non-core tasks represents the loss of sale. It also means less time to grow the business. Investing in the right Singapore payroll software enables them to get a handle on the situation.
The automation of the task also allows them to comply with the provisions of the Singaporean Employment Act. It asks them to pay their employees within the seven days from the end of their payment cycle. However, you need to be careful while researching the best payroll software to buy.
Features & Modules of Payroll Software Singapore
- Employee Management
- Master Setup Management
- Company Management
- Banking Compliant — Automated GIRO
- 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
Payroll Software: Maintain Brand Image & Statutory Compliance
Moreover, the regulating agencies like IRAS and Ministry of Manpower (MoM) keep on updating payroll related rules. It presents the businesses with a challenging situation, as they find it difficult to process their payroll manually. It has too many components to consider. The person charged with the task also has to keep abreast of the changes and implement them without fail. However, without the use of a payroll software or an accounting software the chances are that it will lands company in trouble.
The mistakes in salary calculations can sour the relationship between the management and the employees. It may also bring the company to the notice of regulating authority which may not take the breach of compliance lightly. In addition, such an inconsistency may harm the brand image of the company in the eyes of suppliers and would be investors. A company using an online payroll software or accounting software Singapore have nothing to worry about a failed payday.
The software manufacturers update the payroll system installed on the web server to accommodate the changes in the rules and regulations. The task is handled seamlessly and the users don’t even notice it. In effect, their compliance never comes to harm as they keep on using the latest version of the payroll software Singapore that is fully compliant with the government regulations in force.
HR & Payroll System: Automate Your Form Filing
Those, who believe in Do-It-Yourself payroll processing, know that the form filing can be a tedious task. It is especially true for the Singapore companies having a large number of employees on their payroll. The online Singapore payroll software is GIRO compliant and automates the process. Immediately after the completion of payroll processing, the user can access e-submission files for CPF, IR8A & GIRO payments.
An online payroll software, rich in features and modules, is the right solution for your business. However, in reality, very few businesses are lucky to locate off-the-shelf software solutions that are an exact match for their needs. You may need to get the chosen payroll system customized to fulfill your special needs. Discuss the matter with the software vendor or the manufacturer. SBS Consulting Pte Ltd has an experienced team of software developers that can customize its Singapore payroll software for your purpose at an affordable cost.
Contact us:
Visit: http://www.summittech.com.sg/
Tel: (65) 6536 0036
Email: info@summittech.com.sg
Visit: http://www.summittech.com.sg/
Tel: (65) 6536 0036
Email: info@summittech.com.sg
