The problem: Changes to Singapore’s regulations from 2014 affect SME payroll services and software providers. This meant that Payroll Serve needed the assurance that its chosen system provider could not only meet information security and transparency requirements, but also ensure regulatory compliance in line with the changes.
Singapore payroll Services provider and Stone Forest Company Payroll Serve wanted to provide its clients with a market-leading service.
The Solution: To address this issue, Web Synergies developed PayDay! - A cloud-based payroll software that automatically ensures regulatory compliance at all times. Web Synergies provided a total package for the client - designing and developing the system, as well as providing ongoing support. As Payroll Serve processes S$1billion of salaries each year, it required a robust and reliable solution.
Outcomes: In a statement to the media, Mr. Tay Thain Lin, Payroll Serve’s Technical Director, said that PayDay! will close the gap for small firms relying on manual entry.
“We realised that most small businesses do not have payroll software and eventually, it will be tough for them to migrate their manual information for accounting purposes,” Mr. Tay was quoted as saying in The Straits Times.
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