Some Payroll Software can be very complex and some may require training, software upgrade and hardware IT infrastructure. The sum of buying a Payroll Software can be also very hefty, such as Setup fee, installation fee, server maintenance fee as well as paying a payroll specialist or accountant to manage these payroll software.
The MAJOR difference of getting cheap payroll software or using Could Payroll
outsourcing service is that these payroll services WILL greatly minimize your COST as payroll is done locally and using outsourcing service, and they can process your payroll a week before your pay day. THIS minimize the great cost of IT infrastructure no more using large and complex payroll programs and software.
One of the main benefits of outsourcing your business’s payroll processing is that you can reduce the need of employing payroll staff or even reduce your accountant workload and focus on what accountant suppose to do. The processes of hiring and retaining qualified payroll staff is often a time consuming as well as an expensive operation. When you outsource your payroll to cheap payroll service provider or using Payroll Outsourcing Service
, you avoid the need for capital outlay on labor costs and recruiting process!
That is loads of money saved for your company!
One of the duties of ANY business which process its own payroll is to keep up with the latest payroll legislation, CPF employer and employee contribution rates, Foreigner Worker Levy, Skilled Development Levy, IR8A and etc... Who to pay and who not to pay.... What to pay and what not to pay...
THIS IS always an issue for employer to keep up with the regulatory requirements and remaining compliant, there are so many things to look out for! Though outsourcing of payroll to experts, and Computerized Payroll System
the compliance to the latest regulation is always adhered by these outsourcing company – Therefore payroll compliance is never a problem!
With Cloud Payroll
Services, payroll outsourcing should be accessible anytime and anywhere. Generally Payroll Outsourcing will have data encryption server to protect your data in the system, as well as routine back up service in case of data recover required.
If your company is not using payroll cloud service, payroll data is very important for your business continuity. Your company should make sure that backup routing is always in place, as well as disaster recovery measures. So that your data can be safe in case corrupted of your payroll data. Payroll outsourcing operation has good data backup and recovery measures in place in case of disaster.