PayDay! SaaS Enables Cost-effective Compliance with Itemised Payslips Ahead of Legislative Changes
09 September 2013
PayDay! Software as a Service (SaaS) delivers itemised payslips after monthly processing.
Singapore – 09 Sep 2013 – PayDay! Software as a Service (SaaS), a web-based payroll solution, offers business owners the assurance of compliance even before upcoming changes in Singapore’s legislation take effect. Among these is the requirement that all employers must provide employees with itemised payslips so that they can check if incoming payments are correctly processed each month.
PayDay! SaaS allows business owners to deliver itemised payslips directly to their employees through smartphones via free PayDay! mobile applications ─ available immediately from the Apple and Google Play app stores ─ or any web browser.
After employees log in to their PayDay! SaaS online account, they have the choice of viewing any of their payslips over a 6-month period, including the latest. In addition to viewing the itemised payslips online, employees may also download them for printing and recording purposes.
PayDay! SaaS also addresses the concern of many SME business owners that the requirement for itemised payslips will increase costs and manpower requirements.
“PayDay! SaaS is the most basic payroll processing tool every employer should have. It processes monthly payroll, comes with payslips and prepares the necessary reports for submission. And the price is as low as S$5 per employee per process,” said Olivia Yeoh, Director of PayrollServe. “Moreover, it is important for every employee to understand the details and figures in the payslip because this is the only way to be certain that he or she is getting paid correctly. If there are any mistakes, one can easily spot them when the pay items are listed down.”
Beyond providing itemised payslips, PayDay! SaaS automatically rolls out regulatory updates to ensure that businesses are in full compliance with all applicable laws to avoid penalties. It also guarantees information security for both employers and employees through a range of measures, such as being hosted at PayrollServe’s SSAE16 compliant data centre in Singapore and using 128-bit SSL encryption technology.
Employers can try PayDay! SaaS immediately at www.PayDay.com.sg. Furthermore, PayDay! SaaS comes with comprehensive online FAQs that are available 24 / 7 and provides customer service via phone, email or web-based chat from Monday to Friday, 9am to 5pm.
About PayrollServe
PayrollServe is the Payroll and HR Administration Services division of the Chio Lim Stone Forest group, a leading accounting and business advisory group that focuses on growing businesses.
PayrollServe is supported by a team of more than 700 professionals in Singapore and 320 in China, specialising in Payroll, HR, Corporate Secretarial, Accounting, Taxation and Management Information Systems.
Media Contact
Valencia Teo
Director, Marcoms | valenciateo@stoneforest.com.sg
D +65 6594 7813 | F +65 6594 7761