5 advantages of outsourcing your payroll services

Need relief from payroll and HR administrative tasks? Learn about the benefits of outsourcing payroll services and see how this gives you day-to-day support and a peace of mind.

Benefit 1: Save cost to grow your business

Outsourcing payroll means increased cost savings in the long run as compared to in-house payroll. Processing payroll in-house means investing in payroll/accounting software and computer infrastructure that is often costly to maintain and upkeep. You’ll likely also need a dedicated payroll personnel to manage and run all these. The cost of upscaling your payroll team skyrockets as you scale up your operations. Many businesses often underestimate the investment required to run payroll in the long run.

Besides, payroll and tax regulations are often complex and subject to change – you and your team will need training to gain the expertise required to calculate these. 

Outsourcing payroll services means you avoid all the costs of subscribing to expensive payroll software, infrastructure, training and not to mention hefty fines in the event of incorrect payments. These cost savings can then be transferred to growing your business – while keeping your staff happy when they’re paid accurately and on time.

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Benefit 2: Avoid costly regulatory mistakes before they happen

It is often difficult to keep up with the many regulatory obligations, not just in Singapore but in other markets as well. In 2019, Thomson Reuters Regulatory Intelligence captured 56,624 regulatory alerts from more than 1,000 regulatory bodies, averaging 217 updates a day.1 And that was pre-COVID-19 impacting globally, with the associated increase in regulatory compliance changes and very little time to implement. 

It is often easy to have errors when keying in your own payroll formula – especially with complex spreadsheet functions. One mistake can cascade down to large problems such as payroll underpayments or not meeting government regulations. Compliance breaches such as these often lead to expensive fines, not to mention loss of reputation.

Leaving payroll outsourcing to a team of experts makes sure that you avoid all these potential mistakes that can incur legal action from regulatory authorities. Plus, a reputable payroll provider helps ensure that your and your employees’ data is safe and secure.

Flexible payroll means you can comply rapidly with legislative changes ensuring full compliance.

1 Cost of Compliance Report 2020 by Thomson Reuters Regulatory Intelligence

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Benefit 3: Payroll that’s efficient and accurate

Payroll processing is highly time-consuming. Every year, significant hours are spent tallying taxes, mandatory deductions and ensuring local and overseas regulation changes are reflected accurately and on time in your payroll. These are often menial tasks that are often frustrating as well.

An advantage of working with a payroll provider means you get access to specialized expertise and the latest payroll technology. More importantly, you get payroll that’s done faster, smarter and easier. With ADP as your payroll provider, you’ll get a peace of mind as you:

  • Pay, track, manage, and analyse all employee activity in a single solution
  • Access the latest multi-country payroll data in a single view
  • Have local statutory reports such as IR8A done for you
  • Get CPF and other compulsory contributions deducted on your behalf
  • Save time with our IRAS-integrated payroll solution
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Benefit 4: Expert advice at your fingertips

With payroll outsourcing – you gain access to a team of payroll experts with the right knowledge on payroll-related legislations for Singapore and other markets. This frees you time and cost from retaining a dedicated payroll specialist team in-house. Our team of payroll experts are experienced in managing payroll for various business sizes, across different industries. We're here to help you get the answers you need, when and how you need them. You can always rely on us for answers to your payroll and HR questions.

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Benefit 5: Your employees get the experience they deserve

Our recent People at Work 2021: A Global Workforce View research found that 20% of employees say they are always or often underpaid, 16% are always or often overpaid and 41% say they are always, often or sometimes paid late.

With payroll outsourcing, your payroll provider should not only make sure your employees are always paid accurately on time, but also have access to cloud-based payroll software that’s simple and easy to use. Save time and empower your team with easy-to-use digital tools and meaningful perks. Your employees can apply for leave and view their payslips from any device 24/7. Most importantly, don’t risk data security with an unreliable provider! Your provider should be using a payroll system that meets proper security standards that ensures your employees’ data confidentiality.

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Payroll software for all sizes of Singapore businesses

ADP® Vista

FOR ORGANISATIONS OF ALL SIZES

Simplify your payroll process with ADP Vista, a simple, highly secure payroll solution designed to meet the needs of organisations of all sizes and industries. Transform payroll operations and improve employee efficiency with a secure self-service portal for both your employees and your HR team.

ADP® iHCM 2

FOR 50-999 EMPLOYEES

ADP iHCM 2 is a complete human capital management (HCM) cloud-based system. As a comprehensive HCM solution it simplifies and streamlines HR processes for employee administration, employee performance management, employee development and training, as well as tools for human resource administration, reporting and analytics.

ADP® Celergo

UP TO 1,000 EMPLOYEES PER COUNTRY

ADP Celergo collects your employee data into a single system of record for up to 140 countries. Starting with a base of at least three countries, it’s a simple, elegant solution to global payroll challenges that makes running payroll in multiple countries easy. ADP Celergo offers built-in data connectors to integrate with your existing HCM software from other popular vendors.

ADP GlobalView® Payroll

1000+ employees in at least 1 country

ADP GlobalView Payroll is designed to help large multinationals deliver compliant payroll using one single system of record from one to 42 countries. Your HR teams gain access to powerful HR admin tools and clever reporting options, while your employees can interact directly with all aspects of their pay. Built-in data connectors mean ADP GlobalView Payroll can easily integrate with your existing HCM software from other popular vendors.

ADP® Global Payroll

1000+ employees in at least 1 country

ADP Global Payroll is a combined solution of ADP GlobalView Payroll and ADP Celergo, designed to manage global payroll for any size of multi-country business around the world. Using tools from these products, the combined solution provides on-demand reporting and analytics, and has built-in compliance, data privacy, and safety features.

ADP Workforce Manager

ADP Workforce Manager

WORKFORCE MANAGEMENT FOR GLOBAL TEAMS

ADP Workforce Manager is a smart time and workforce management solution for global enterprises who use ADP Global Payroll. Intuitive and intelligent, now you can manage your employee’s time and attendance, shifts, and time off - from any device. Unlike other workforce management products on the market, ADP Workforce Manager has a wide variety of access options, including features for planning, scheduling, absence management and performance tracking.

Awards & recognition

Everest Group
Multi-Country Payroll (MCP) Solutions PEAK Matrix® Assessment 2021

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Leader in NelsonHall Payroll Services NEAT Report

7 years

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LinkedIn®
Top Companies

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