Payroll Software- The Key Competitive Business Advantage
There are many benefits of using payroll software or payroll system to calculate and disburse employee’s salary, calculate statutory contributions such as Central Provident Funds (CPF) made by employees and employers, and provide pay slips for the employees. Over the years, with the advent of software technology and cloud based data storage technology, performing the tasks of calculating employee’s salary manually have become be costly, time consuming and inefficient. Here are some of the advantages: If one has sufficient knowledge...