Powering your business through cloud payroll software
For any business to run successfully in the modern world, it is necessary that all employees are kept happy and motivated to work. This is why leading companies all over the world take an employee-centric approach wherein attention is given to ensure a superior employee experience in every aspect of work including the disbursement of salaries and management of all payroll related tasks. Employees that get paid the right salary at the right time consistently, are likely to feel better about their employer and focus on improving their productivity.
Companies in Singapore are well versed with this fact, and they are rapidly moving away from the conventional on-premises manual payroll processes. The ideal solution for these modern businesses is to switch to an internationally reputed cloud payroll software that offers numerous benefits such as:
- Creation of organisation specific rules
- Ability to define the business logic for Earnings, Deductions, Bonus, Arrears, Leave and Attendance
- Compliance to various standardised practices across different locations
- Factoring in variations within individual and local geographies
- Seamless multi-element, multi-decimal, multi-currency and multi-country payroll
When you use a cloud payroll solution, you are not only able to manage your payroll functions in Singapore, but also in all major countries in Asia Pacific, Middle East and other continents as well. For instance, it would provide payroll management support in countries such as:
Singapore, Malaysia, Taiwan, Indonesia, Philippines, Vietnam, Thailand, Hong Kong, India, Bangladesh, Pakistan, Kazakhstan, South Korea, China, Macau, Sri Lanka, Myanmar, Nepal, Japan, Brunei, and Cambodia, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen, Iraq, Lebanon, Jordan, Egypt, Morocco, Cyprus, Turkey, Sudan, Republic of S. Africa, Tanzania, Nigeria, Ghana, Kenya, Algeria, and Mauritius, Australia, New Zealand, Papua New Guinea, and East Timor, United Kingdom, Ireland and the USA.
If you wish to completely free up your HR team’s time from the payroll responsibility, you can also outsource the function to a professional payroll services company. The most reputed payroll services providers are present in Singapore, and such companies deploy top-of-the-line cloud payroll solutions that seamlessly comply with local taxation laws and other human resources related regulations in the countries listed above. Going beyond the laws and regulations, a good cloud payroll system would also offer integration with different languages such as English, Chinese, Vietnamese, Thai, Bahasa Indonesia, Japanese, French, Spanish and Arabic.
The switch to a cloud payroll system or to outsource your payroll services is a great business decision in today’s time. With the need to digitally transform the operations and to pay greater attention to the employees’ wellness and other tasks, the HR teams have a lot to handle. When you outsource your payroll management or automate it by using a cloud payroll solution, you are able to free up invaluable time for the HR personnel. They can use this extra time to carry out other more impactful tasks. Further, in case you run multi-country operations, the cloud payroll would automatically receive updates about changes in taxation and other laws in different countries. Thus, the HR teams have to only put in a minimal input and the system can take care of the complex, repetitive and error-prone tasks.
When you outsource the payroll services to a leading brand in Singapore, chances are that it will use the best of cloud payroll technologies to manage the processes.
Consequently, you will get various benefits such as:
- Automated Help Desk through Chatbots
- Automation of payroll
- Employee experience enhancement
These are just a few of the advantages that cloud payroll solutions or outsourcing to a third-party payroll services company can offer to a modern Singapore business. Go ahead and experience it yourself!