Exploring Business Software Singapore? Try Payroll Software Singapore

by SBSConsulting Software Business Software Provider.

For a small company, looking to enhance its efficiency and productivity, it always wise to invest in a few select business software Singapore. Giving a try to an integrated payroll software Singapore could prove to be of real value to them.

A company’s payroll is its liability towards its employees. The Singapore employers need to be very vigilant in discharging it. The Employment Act of Singapore specifically directs employers to pay their employees within the seven days of the end of the payment cycle. Rather than investing your premium human resource in taking care of the task manually, you could think of automating the task by adopting a payroll software Singapore.

Are the Businesses Opting for Payroll Software Singapore?

Today, a lot of companies are using various types of online business software Singapore to automate their internal processes. The web-based payroll software Singapore are also in great demand. These systems assist the companies in reducing their payroll processing time, liberating human resources and in bringing the cost of the whole operation down. In the long run, it may turn out to be a better option than outsourcing the payroll to a third-party services provider.

Finding Best Payroll Software Singapore Small Business

For the owners, each of these benefits offered by Singapore payroll software matters. And they could reassign the freed employees to achieve the core goals of the business. On the other hand, selecting a payroll system for one’s organization is a tough task. The business owner or the manager needs to deliberate on the features of off-the-shelf payroll software.

The following are a few basic features and modules that one must seek for a while searching for the best payroll software Singapore.

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

What Does the Online Singapore Payroll Software Do?

An online payroll software Singapore allows the business owner a firm hand in the management of number crunching, payments to employees, printing of paychecks, payroll taxes, expense reimbursements, benefits and retirement payouts. It also conveys each employee’s yearly income to IRAS through the online channel of Auto-Inclusion and also assists with IR8A forms.

A payroll software Singapore basically calculates an employee’s salary. The system takes into account basic income, paid and without pay leaves, overtime allowances, benefits, etc. It also takes into account the statutory contributions and donations like CPF (Central Provident Fund), FWL (Foreign Workers Levy), SDL (Skill Development Fund) CDAC, SINDA, MBMF, etc. It turns out to be a perfect software solution to meet the payroll needs of the business.

The businesses benefit by implementing a web-based Singapore payroll software as the task is a never-ending one. The software uses biometric finger scanners to record the employee attendance and timesheet information. The data is important for the accurate payment calculations. It prevents the businesses from over or underpaying their employees and the misuse of its funds. The process is automated and needs no human supervision.

Can Your Singapore Payroll System Print Itemized Pay Slips?

According to the amendment to the Employment Act, the Singapore employers need to furnish their employees with the hard or soft copies of their itemized pay slips. They must also provide, in writing, key employment terms related to working arrangements, primary duties, and fixed salary deductions. It is mandatory for each employer to comply with the requirement. That is why if you are still using an absolute Singapore payroll software, you need to upgrade it.

When you go through the modules and the features of off-the-shelf payroll software Singapore, you may feel that you want it to do something more for your company. You should pinpoint your special needs and discuss them with the manufacturer and find out whether it is possible to customize the software to meet them. You should aim for getting a payroll software that fits like a hand-glove.

Contact us:
http://www.summittech.com.sg/
Tel: (65) 6536 0036
Email: info@summittech.com.sg