Buy Online Payroll Software, Let Go of Manual Processing

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.

Also Read: Everything You Want to Know About Sole Proprietorship, LLP & Singapore Private Limited Company

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

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

Perfect Online Payroll Software Singapore for Small Businesses

You should not let your limited payroll software to act as a bottleneck in the discharge of the task. Rather, you should go for a full-fledged payroll software Singapore and save your resources.

One of the major resources that the startup and small business owners have to worry about is 'Time.' If they are short-handed and each one of the employees is already multitasking, there is hardly any reason to pursue the payroll processing manually or with the help of an absolute payroll software Singapore.

Implementation of Payroll System Leads to Better Utilization of Resources

Many of the small business owners have found that automating the task with a feature-rich payroll software Singapore is worth its expenses. It reduces the workload of the business owners or HR staff they have to shoulder at the end of each payroll cycle. The payroll processing is an important task as it is mandated for Singapore employers to pay their employees within the 7 days of the end of the payroll cycle.

The time is a perishable resource, and the business owners have only a few hours of it to grow their business. That is why a large majority of them want to use it for generating more sales and profit and not on the non-core tasks of the business. The payroll processing is one such task and automating it by using an online payroll system is a solution worth considering.

Discharge Your Statutory Obligation Accurately with Payroll Software

The payroll is not only a liability of the business, but it is also the statutory obligation that the employers have to discharge accurately. They could ease the situation out by adopting a web-based payroll software. An accurately conducted payday is important to maintain the positive relationship between the management and employees. It also keeps the monitoring agencies at an arm's length. Both of these things contribute to the building of brand image of the business.

Searching for an Innovative Singapore Payroll Software

If you are researching for a capable Singapore payroll software, searching for them on the internet is your best option. In addition, you need to have a fair idea about your own requirements. Make a list of them and compare the available payroll systems to find the best fit. Your choice should at least simplify the following basic tasks for you:

• Employee Management
• Payroll Management
• Master Setup Management
• Company Management
• Leaves Management
• Attendance Time-sheet Management
• Progression Planning
• Reports and Enquiry Management
• Email and SMS Management
• Reports and Dash Boards
• Schedule Management
• Tracking
• Bio-metric (Finger Scan ) Attendance support
• Claims Management
• Billing & Invoice Management

Choose Automated Payroll Processing Over Manual

Some startup and small business owners, for this or that reason, tries to do their payroll manually. However, the cost they pay is exorbitant because it is a time intensive task. There are too many payroll components to take care of. The person doing it has to consider variables like employee grades, hourly rates, benefits, incentive and bonus, leaves, paid leaves, holidays, allowances, etc.

In addition, there are statutory contributions and donations like CPF and different types of levies, etc. to factor in the salary calculation of each employee. The rules regarding these keep on changing, and the lack of updated knowledge may lead to an inadvertent mistake.

The tiredness or lack of concentration on the part of the payroll executive may also cause mistakes leading to the displeasure of the authorities. The software companies update their payroll software Singapore whenever there are changes in the payroll related rules.

The copy of the software executing on the web servers is updated. The users do not have to grab a CD containing updated software patch to install it. That is why even individuals with basic computer knowledge can use and enjoy the power of their easy-to-use user interfaces.

Access Your Singapore Payroll Software from Anywhere 24X7

The benefit of using web-based Singapore payroll software is that they can be accessed using a desktop, laptop, tablet, and smartphone over the internet. This software runs on the web servers and is accessed using the internet browsers on the device of user's choice.

The web-based payroll system remains accessible all the time from anywhere. The authorized users of the system can access it from their home, office workstation, or while attending a conference. The data stored on the web servers is protected using the security matrix.

If you have a list of your requirements handy, it really helps in finding a suitable payroll software Singapore for your business. In addition, your business may also have a few special payroll requirements. You need to discuss them with the business software provider Singapore if it comes to customization of the chosen payroll software before adopting it for your business use.

Ensure Your Statutory Compliance with Payroll Software Singapore

When small businesses in Singapore starts to grow, they need to opt for payroll software Singapore. It is the time they hire additional employees to provide for the growth. They need to deal effectively with the increased workload of payroll processing. In fact, using a competent Payroll Software Singapore to address the problem is a must for them.

Payroll Software Singapore

Processing Payroll is a Tough Task

The day humans started employing others to do their bidding; they come across a difficult task of providing remuneration to their employees. In the days of barter system, payroll processing was relatively easy. But, with the enactment of various laws, the complexity of the task kept on increasing. Today, anyone trying to do it manually inevitably wastes time and eventually makes a mistake.

For a small business lacking in expert human resources, a payday is a challenge. They find task is not easy, even for a limited number of employees. Several payroll factors need to be considered while calculation of salaries of the employees. If a business employs professionals from a number of tax jurisdictions, it raises the complexity of the task further. The calculation of deductions based on different rates of taxes, currencies, and statutory contributions sooner or later defeates manual efforts.

Calculating accurate salaries for them becomes a truly complex issue and labor intensive task. These businesses simply need to implement web-based payroll software to automate the process as per their requirements and give their HR or Payroll staff a much-needed reprieve. Or else, they must face ire of employees who were unmistakenly wronged. It is not good for the small businesses or a large business, to allow the things take this course. Such incidences tend to sour the relationship with their employees. It also affects their goodwill and brand in the market.

Get Yourself a Latest Web-based HR & Payroll System

The businesses, irrespective of their size, still using absolute HR & payroll software must upgrade themselves. Using two different software to manage employee data makes no sense. If the staff adds a new employee's data to HR software, but fails to do the same with the payroll software it causes the discrepancy. Implementation of an integrated payroll software solves the problem as it maintains a single database to support both the operations. Any changes in the database are system-wide which ensures that both HR and payroll staff use the updated data.

Ensure Your Statutory Compliance with Payroll Software Singapore

As per the Employment Act of Singapore, the employers must pay their workers within the seven days of the payment cycle. The automation of payroll using a Singapore payroll software enables them in abiding by the statutory compliance. The system proficiently handles deductions such as CPF contributions and different types of levies, employee benefits, and prevalent taxes in Singapore.

Don't Miss : Using HR and Payroll Software in Singapore for Timesheet Management

Benefits of Using Updated Version of Payroll Software Singapore

The Singapore payroll software manufacturers keep on updating their software to accommodate the latest changes in the payroll rules and regulations. However, in the case of the web-based systems users do not have to update their copy on their computers. The manufacturers upgrade the copy of the software on the web servers. Many times, the users are unaware of it, but they benefit from the use of latest version of the software. The result is the uncompromised statutory compliance for the users of the online payroll system.

Modules of a Payroll System

An innovative business software in Singapore including payroll system lessens your dependence on the paper files containing your employee data and allows you to have a paperless office. The automation of payroll leads to increased efficiency and productivity and the faultless execution of the payroll. Most importantly, it allows you to reassign the staff dedicated to the task to achieve the core goals of your business. The tool enables the management to streamline various functions like,

• Employee Management
• Master Setup Management
• Company Management
• Payroll Management
• Leaves Management
• Bio-metric (Finger Scanner) Attendance
• Timesheet Management
• Claims Management
• Progression Planning
• Reports and Enquiry Management
• Email and SMS Management
• Reports and Dash Boards
• Schedule Management
• Billing & Invoice Management
• Reporting

Before buying an online payroll software Singapore you need to do a thorough research, fix your needs, see if you need to customization to provide for your unique needs. Get in touch with the software manufacturers or vendors and see the support they are capable of offering to you.