business software singapore
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
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.
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
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
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
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.
Don’t Miss: Upgrade To a Next Generation School Management System
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 & Time-sheet 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.
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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– 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
Get Payroll Software Singapore to Trump Your Statutory Compliance
Do the businesses need to implement a web-based payroll software Singapore?
Well, it is a point of debate for the startup and small business owners. On the one hand, they have to pay their employees on time so as to be compatible with the statutory compliance and on the contrary, they do not want their payroll processing to be a costly affair. Many of them resist using payroll software Singapore and prefer to do the task manually.
Using Payroll System Software to Cope with Changing Rules
Here is a reason why business in Singapore needs to invest in a payroll software. The laws and rules related to the payroll get updated now and then. If it goes unnoticed by the concerned person, it could jeopardize the businesses compliance. May by you have heard it that the Ministry of Manpower (MOM) has updated the duration of Paternity Leaves for the working father.
Will be difficult for a small business to accommodate the change especially if it is not using an online payroll software Singapore for the task?
Let’s see!
Now, the father of a Singaporean baby born on or after Jan 1, 2017, will get two weeks of leave. The provision is that the father should have worked for the employer for a continuous period of at least three months. The government will bear the cost of one week leave capped at S$2,500 including CPF contribution.
The working mothers will also get four weeks of paid maternity leave and even, the adoptive mothers will get 12 weeks of paid leave. Doesn’t it mean a lot of calculations for the small business owners who believe in Do-It-Yourself payroll? It would rather be prudent to use an online Singapore payroll software to automate the process, wouldn’t it?
Are you a Do-It-Yourself Small Business Owner?
The manufacturers of the web-based payroll system Singapore update their product whenever authorities come out with the payroll related rules and regulations. It lends a certain kind of simplicity to the use of a module-rich online payroll system. The software is updated on the web servers where remains installed. The users of the payroll system Singapore do not have to grapple with the software patches or updates to install them on their devices. It can be accessed from all over the world at any time.
Moreover, a web-based payroll software system can be accessed using different devices like a desktop, laptop, tablets and smart phones. The users of the software can access the resources on the web servers thorough the web browsers that are present in such devices.
Basic Features & Modules One Should Look in a Payroll System
A payroll system software that is rich in features can ease the following tasks for the Singapore businesses.
- Employee Management
- Master Setup Management
- Company Management
- Payroll Management
- 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 to Secure Your Compliance SBS Consulting : authorstream
The manual processing of payroll is a lengthy and energy-draining task. The payroll executive needs to consider a number of components during the process. There are statutory contributions and deductions, mandated by the law of the land, and the calculation of employee benefits, bonus, hourly rates, leaves, holidays, overtime, taxes, loans to take into account. The lack of attention or fatigue on the part of payroll executive or the HR staff can generate inaccurate employee salaries. A business can simplify the task by merely adopting an online Singapore payroll software.
The web-based pPayroll system software is user-friendly. They are easy to get used to, and even those with basic computer skills can use them easily. However, locating a payroll system for your use is a decision that needs to be taken carefully.
Take a deep look at the proprietary payroll software systems available in the market and also research on the internet locate the one that will match your needs. Shortlist a few of payroll software and discuss your particular requirements with their manufacturers to get your needs squared. The software developers working for them are fully geared to customize their off-the-shelf payroll software Singapore to improve your staff’s efficiency and productivity.
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
How is Payroll System Singapore Helping Business Enhance its Performance?
Running a business is like riding a roller coaster. It is not an easy task unless you cope up with the technology. There are numerous things which must be maintained in a seamless manner. One of the tedious tasks for the employer is to maintain timely and accurate data of all employees, their salaries and tax compliance. Nevertheless, use of a good payroll system Singapore could make the task less burdensome.
Why is Payroll Important for Every Organization?
Despite being a non-core activity, payroll task must be done with utmost care as it has a great impact on the employees of an organization. When an employer disburses salaries on time, it boosts the morale of the employees; they feel motivated to work with dedication and zeal. It indeed helps to increase the productivity. However, the task of payroll processing can be time-consuming and prone to error if you opt for manual method.
This is where the online payroll software proves to be very helpful and efficient. It simplifies the mundane and complex task of counting employee’s salaries and other variables such as allowance, benefits, bonuses, etc. A payroll software automates the task, and everything can be done in just a few clicks of the mouse.
A web-based payroll management system can be a very effective, fast, convenient and affordable solution if implemented carefully. Make sure to buy the product from a reputed vendor and also, consider below mentioned factors while selecting the final product.
• Excellent support and customer care service
• Integration with accounting software and bio-metric finger scan
• Secured database or back system
• Report generation feature
• User-friendliness, simple-to-use feature
• On-demand demo
How Payroll Software Helps Business Increase Efficiency?
Following are the reasons why online software can be a win-win situation for an organization.
Enhance Efficiency:
When you use a good payroll software, it will streamline the activities. You would be freed up from the payroll processing task and can concentrate more on productive activities. The resource of the organization could be well optimized to increase the productivity. Moreover, payroll activities are done perfectly, ensuring timely salaries to the employees. It ensures 100% accuracy of the payroll data.
It saves Time:
It just takes a fraction of the time you earlier invested in doing payroll manually. Automation leads to the fast and prompt calculation of salaries of the employees. There is very less or no room for mistakes. But, in the manual method, it may take many days to do the same task. Also, chances of having errors in the manual calculation are very high.
Compliance with Law:
Complying with applicable tax law would be easy if you keep the system updated with on-going statutes. It is challenging for a novice person to follow the latest tax tables while calculating the tax liabilities, but the same person can easily do the job with the help of the software (where automated tax table has been implemented).
Motivates Employees
Employees of an organization feel motivated and encouraged to work more efficiently when they are being rewarded with remuneration on time. Miscalculations of salary or delayed salaries can make the employee lose faith in the management of the organization. Thus, it is necessary to provide the right amount of amount salaries on time.
Invest in an Online #Singapore #PayrollSoftware for Your SME https://t.co/rFOXJ5Pyho pic.twitter.com/OyCDs4Ml2v
— SBS Softwares (@SBS_Softwares) April 24, 2017
What are the Characteristics of a Good Payroll System Singapore?
Today’s market is filled with plenty of payroll software making the task of selecting a good software quite challenging for the users. It is advisable to every user to take few factors into consideration to make the selection process easy and convenient.
• Web-based software is better than traditional system-based software.
• The interface should be user-friendly and easy-to-comprehend.
• A wide selection of modules has to be there.
• The system must be customizable as per the user’s requirement.
• Integration with accounting software.
• It must be accessible 24*7.
• The software can be used in any device such as the computer, laptop, tablet, smart-phone.
Modules of Payroll System Singapore
Also, ensure to consider below listed important modules while selecting the payroll system Singapore for your company.
• Employee Management
• Master Setup Management
• Company Management
• Payroll Management
• Leaves Management
• Time Attendance: Roster & Time-sheet Management
• Claims Management
• Progression Planning
• Reports and Enquiry Management
• Email Management
• SMS Management
• Reports and Dash Boards
• Schedule Management
• Tracking
• Reporting
• Bio-metric (Finger Scan) Attendance support
• Billing & Invoice Management
Installing an online payroll software solution in place is one of the best decisions that an organization can ever make to simplify the workflow. However, you must choose the right and best software to keep the employees happy. As you know how employee’s morale help the business productivity to grow, it makes sense to invest in a good payroll software in this competitive world.
Media Contact:
SBS Consulting Pte Ltd
High Street Centre,
#17-02, 1 North Bridge Road,
Singapore – 179094
Tel: (65) 6536 0036
Email: info@summittech.com.sg
Payroll System Singapore: Tool for Businesses for Their Compliance
If you are not convinced about the importance of using a payroll system Singapore for your small business, let me try a different tack. Let me ask you a question. As a business owner, would you prefer to spend time on administrative tasks or spend it on revenue generation?
Take your time and think deep!!
Your choice can impact the effectiveness of your investments, execution of business idea and company’s chances at success and longevity. That is why a large majority of business owners opt to automate administrative tasks using business software Singapore like Singapore payroll system.
Is Payroll Processing a Core Task of Your Business?
The administrative tasks like manual payroll processing tend to be time-consuming and resource gobblers. Moreover, they are non-core tasks, and timely or accurately doing them is not going to generate any revenue for your business. It is a good enough reason for the owners to invest in an efficient payroll software Singapore and streamline the task.
The payroll is a liability for the Singapore businesses. They need to discharge it within the prescribed time-frame if they want to remain compliant with the mandates of Employment Act of Singapore. Adopting a Singapore payroll system also enables them to preserve the positive environment at the workplace.
If you are yet to adopt a pro-efficiency payroll system Singapore, surely, you have some solid reasons for it. Maybe you want to do it personally in order to be aware of the things, or it could be that you want to save money. However, as the business activities and the number of the employees start increasing, you will find less and less time to devote to such a task.
Getting tied-up in administrative tasks will mean that you will not be able to scale your small business beyond a certain limit. Your intentions could be honorable; however, it will not leave you with enough time to enjoy the fruits of your labor. Implementation of a Singapore payroll system rich in features will allow you to do both the things.
You should look for a payroll software Singapore that will enable you to automate as many tasks of your payroll as possible. You need to pay careful attention to the features and modules it offers.
Choosing HR & Payroll System for a Small Business
- Employee Management
- Master Setup Management
- Company Management
- Payroll Management
- Leaves Management
- Time Attendance: Roster & Time-sheet Management
- Claims Management
- Progression Planning
- Reports and Inquiry Management
- Email Management
- SMS Management
- Reports and Dash Boards
- Schedule Management
- Tracking
- Reporting
- Bio-metric (Finger Scan) Attendance support
- Billing & Invoice Management
Your best bet for finding an integrated payroll software Singapore is to search the internet and see what is available. However, you may conclude that this off-the-shelf business software Singapore are not adequate for your purpose. It is where you need to take a thorough review of your in-house processes and identify your special payroll needs. You can ask the manufacturer of the payroll software to customize it for your purposes.
Benefits of Using Payroll Software System
- Bio-metric Attendance: The state-of-the-art payroll software systems use finger scanners to record employees’ attendance and time-sheet data. The accurate data collected is used during the payroll processing.
- Statutory Contributions & Donations: The software takes care of the statutory contributions and donations like CPF, SINDA, CDAC, MBMF, SDL, etc.
- Automated GIRO: The payroll software takes care of online payment of the employee’s salary through Automated GIRO. It covers almost all the banks in Singapore.
- Centralized Database: The data captured by the web-based payroll software Singapore is stored in a centralized place on the web servers. It is protected using the security matrix and by controlling access to it through the use of User-names and Passwords.
- Employee Access: The employees of the business can use their User-names and Passwords to access the data on the web servers. They can check the leaves availability, fill and file forms and applications or communicate with the management of the company using SMSs and Emails.
- Performance Management: The payroll systems assist the management in performance management. It maintains data regarding progression planning, an employee’s previous positions & employment. It is useful in tracking an employee’s performance, training, retention programs, etc.
A payroll system Singapore is an essential tool for streamlining the payroll function of the businesses. It improves the efficiency and the productivity of small business. It takes all the payment related factors in consideration and produces accurate payroll for the companies. It takes the burden of the statutory compliance off the chest of Singapore employers and let them focus on the core goals of the business.
Payroll System 
