Filipino companies use different payroll systems to make sure everyone on staff gets paid on schedule and avoid non-compliance strikes from the government. Some rely on bookkeepers and accountants that work as independent contracts. Others use the services of firms that specialize in payroll processing.
Both payroll systems have their own merits, but there’s a third option that particularly suits organizations that refuse to outsource this core process: online payroll software.
If your small business does accounting in-house, here are the amazing benefits of adopting an online payroll system in the Philippines:
More Accessible
Online payroll software is easily accessible through a web browser or a mobile app. If the team that manages your company’s payroll, be it human resources, accounting, or both, remotely works, this product will help them be more productive wherever they are. As long as they have a device connected to a stable internet network, they can work and collaborate sufficiently to get the job done and beat deadlines.
More Powerful
Usually, online payroll systems boast a suite of features that can help you automate typical tedious tasks such as deduction calculation and government contribution updating. Advanced solutions can even enable you to generate customized reports and prepare printable payslips fast.
More Convenient
Unlike traditional business apps that need time-consuming installation and complex configuration, online payroll systems are painless to set up.
Once you have a software license, you can immediately start managing your staff and process your company’s payroll in the Philippines. There’s no steep learning curve to worry about, so its users don’t need to be tech-savvy to make the most out of it.
Unless you’re using the mobile version, you don’t have to do anything else on your part to enjoy the latest iteration of your online payroll software. If its developers release new features, you’ll be able to use them when you log into the app on your browser.
More Secure
More Affordable
An online payroll software solution is a subscription, so there’s no need to buy anything outright. You’re basically just renting it, which means you don’t have to pay for more than what you need. More often than not, you only have to pay based on the number of employees you can track. In other words, it’s super scalable.
Furthermore, leading online payroll software vendors are constantly looking for ways to improve their products. So, it’s not uncommon for them to roll out more functionalities in the future. And when they do, it’s unlikely that you have to pay extra just to get a taste of what’s new.
