PayDay! Software as a Service Hits 1,500 Sign-ups
17 June 2014
SINGAPORE: 17 June 2014 ─ PayrollServe, Singapore’s leading provider of web-based, cloud-based and fully managed payroll and HR services and solutions, today announced that 1,500 businesses have signed up for PayDay! Software as a Service (SaaS) since its launch last September.
PayDay! SaaS particularly appeals to business owners with little or no technical payroll knowledge as it is designed with them in mind. It helps them to run payroll in three easy steps, replacing tedious manual payroll processing methods and saving significant time in payroll processing.
“Manual payroll is tedious. PayDay! SaaS gives me more time to focus on my business,” said Sophie Shieh, Director of Discovery Garden Childcare Centre, which has an approximate headcount of 40.
More importantly, PayDay! SaaS gives businesses the assurance of full regulatory compliance at all times. As a hosted cloud application, PayDay! SaaS is constantly checked and updated by its technical team to be in line with the latest rules and practices. This means business owners can confidently run their monthly payroll without worrying about wrong payroll deductions of CPF, SDL, Income Tax and other items, allowing them to avoid hefty fines for non-compliance.
“Manual payroll is error-prone. PayDay! SaaS keeps us on track with payroll legislations,” noted Nah Wee Yang, CEO of Systemethod Pte Ltd, which has about 10 employees.
PayDay! SaaS also offers assurance of compliance ahead of an expected legislative change that requires all employers to provide employees with itemised payslips. With PayDay! SaaS, business owners can 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. The mobile applications allow employees to access any of their itemised payslips over a 6-month period, read the latest HR-related news and search for training courses anytime and anywhere.
With PayDay! SaaS, employers can manage payroll from anywhere using any internet-enabled device, while enjoying robust data security from PayrollServe’s SSAE16 status and 128-bit SSL encryption technology.
PayDay! SaaS is a true pay-per-use hosted payroll solution. Employers can run their payroll for just S$5 per employee per process, with no upfront payments or long-term contractual obligations.
“The strong demand for PayDay! SaaS is in line with Gartner’s wider prediction that cloud computing will grow to become the bulk of new IT expenditures by 2016,” said Olivia Yeoh, Director of PayrollServe. “We are glad that businesses are taking advantage of the convenience, cost savings and assurance of compliance provided by PayDay! SaaS.”
Employers can try PayDay! SaaS immediately at www.PayDay.com.sg. PayDay! SaaS also 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’s cutting-edge solutions and team of experienced professionals have earned us the reputation of being Singapore’s leading provider of web-based, cloud-based and fully managed payroll and HR services and solutions. This makes us the prime choice for internationally active businesses across diverse organisation types and industries.
PayrollServe is the Payroll and HR Administration Services division of the Chio Lim Stone Forest group, the largest accounting and business advisory group outside the Big 4 in Singapore. We are part of a team of more than 800 professionals in Singapore and 320 in China, specialising in areas such as Payroll, Human Resources, Accounting and Tax.
Media Contact
Valencia Teo
Director, Group Marketing & Communications | valenciateo@stoneforest.com.sg
D +65 6594 7813 | F +65 6594 7761
Jared Heng
Senior Executive, Group Marketing & Communications | jaredheng@stoneforest.com.sg
D +65 6594 7956 | F +65 6594 7761