HR and payroll processes are often bogged down by repetitive, error-prone tasks. For this reason, many companies are now integrating payroll in their HRMS to automate these processes. This software consolidates multiple HR systems into a central platform, minimising manual data entry and streamlining management for optimal visibility of employee data.
Aside from streamlining tasks, HRMS solutions with payroll modules can automate deductions and tax calculations to help ensure compliance with regulations and laws. Advanced platforms even provide insights and reports to support data-driven decision-making.
With a vast array of payroll HRMS solutions, selecting the right one for your organisation can be a bit confusing. The key is to look for a comprehensive solution with integrated timekeeping, cloud-based accessibility, automated tax filing capabilities, and third-party app integrations.
Read on to learn more about these essential components you can expect from a top payroll HRMS solution.
An all-in-one cloud-based system
An all-in-one cloud HR software solution can simplify business management by increasing productivity and streamlining your operations. A comprehensive platform has everything you need to manage your HR and payroll — all at a fixed price. Look for a user-friendly platform that allows you to generate and access crucial reports on turnover, KET, labour statistics, and more with just a click. Check if it has other essential features like claims and leave management, attendance tracking and rostering, and custom appraisals.
Integrated workflows
A good HRMS solution simplifies data compilation from attendance, leave, and other components, ensuring integrated workflows for a more unified system. Plus, it automatically performs calculations using employee records from Claims and other modules, allowing you to easily prorate allowances and salaries.
Automated calculations
Leading payroll HRMS solutions are IRAS-listed and constantly updated to keep your organisation aligned with changing taxation formats, policies, and rates. Moreover, it eliminates error-prone manual income tax filing and allows your payroll system to generate and file IR8A, IR8S, Appendix A, and IR21 for you.
Customisable and made to work for you
A customisable payroll process simplifies multiple payroll scheduling and allows you to configure employee-specific components such as deductions, basic salary, and allowances. In addition, it should let you link to Singapore's banks, generate records and multiple bank files, and manage online bank transfers. Some solutions are accessible from a mobile app and configurable to fit your ideal workflow by enabling integrations with third-party accounting apps like QuickBooks and Xero.
Ready to streamline your workflow?
Discover the benefits of a payroll HRMS solution with Adaptive Pay and get all the features mentioned here. Request a demo to learn how this simple yet powerful cloud HR software can make it easier to manage your business.
About the company:
Adaptive Pay is a groundbreaking cloud-based HRMS and payroll software that simplifies and automates HR and payroll management for Singapore businesses. The software adheres completely to Singapore's employment laws and regulations, rendering it a highly suitable option for local businesses. A notable characteristic of Adaptive Pay is its user-friendly interface. The implementation of advanced security measures by Adaptive Pay guarantees the confidentiality and security of sensitive employee data.
