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Many companies outsource services to carry out administration tasks such as payroll, employee compensation, time and attendance, tax filing, insurance and benefits. However, outsourcing may be costly in the long run, especially for new and small businesses with less capital.Admin tasks are not complicated, but it does take a lot of time and effort to record all the detailed activities. It makes more sense to have someone else do the job so that business owners can focus more on growing the business.
This is where payroll software comes into the picture. Payroll software can be helpful for small businesses to handle administrative tasks in the house.
Source: IRIS Software and Services
There are many payroll software solutions available in the market. However, determining which is best for your business can be overwhelming. We have created a list of popular payroll software in Singapore and their prices, including the totally free one, as a guide to help you navigate your options.
PAYDAY Software as a Service (SaaS) is a cloud-based online payroll and leave solution. It is developed and designed for startups, entrepreneurs, business owners or accountants who have little or no experience in handling payroll. In addition, it is most suitable for Singapore SMEs with fixed monthly payroll policies and less than 50 employees in their employment.Don't worry, they offer a 30 Days free trial to get yourself familiar and comfortable with the software before committing to anything.
JustLogin is a HR built for SMEs and was awarded as Singapore’s #1 HR Software in 2018. They are also PSG approved. Businesses can claim 70% of cost with PSG, a grant program available under enterprise singapore to help SMEs.JustLogin provides a free 14 days trial without credit card required.
Simple pay is an online payroll software that does not need you to install anything on your computer. You can access and work wherever you are. They offer 30 days free trial of the SimplePay online payroll system.
One of the unique features of Talenox is that they offer an unlimited free version that will never expire. With the free plan, you can run multiple payroll payments monthly, store employee info and connect with customer support within the app. However, it will be limited from other features that are only available with Talenox Suite Plan.
Singroll is the biggest free payroll in Singapore. There is an unlimited number of users and no grant application needed. It is listed in the Supporting Payroll Software Vendors for the Auto-Inclusion Scheme (AIS) for Employment Income.
A lot of your time can be used to planning and growing the business instead of doing administrative tasks. Subscribing to a cloud-based payroll software can be very helpful in managing all the paper works for you. Find out the 3 things to consider when you're looking for cloud-based HR Software here.
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