7 core benefits of outsourcing payroll processing
1. Free up your time
Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities.
2. Accuracy
Payroll is one of those critical functions that may not directly increase revenue, but if not processed correctly can lead to poor staff morale and penalties.
3. Cater for growth
As your business grows and you add to your work force, there is increased payroll responsibilities in terms of managing payroll.
This could result in having to allocate full time staff resources and possibly investing in technology to cater for it.
When you outsource to Adventus, as your business grows, our services scale up seamlessly to support it.
4. Reduce financial year end work load and stress
We will prepare the necessary forms like Borang E and Borang EA for submission to Lembaga Hasil Dalam Negeri, so there is no last minute rush on your side to compile the information and prepare the forms on time.
We also prepare the necessary salary schedules for submission to your auditors.
5. Timely payment of salaries
Your payroll is processed in a timely manner, staff get paid promptly, statutory contributions and deductions filed and paid to ensure compliance.
6. Experience
Our team have accumulated years of experience in payroll processing, in a variety of businesses from service to manufacturing and even plantation.
7. Cost efficient
Your business benefits from our experience at a cost less than that of employing an inexperienced payroll or general clerk.
You do not have to incur the cost of purchasing a payroll software, and having to pay an annual fee for maintenance to stay up to date with changes in rates, etc.