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Product update|Introducing Payroll Management, a simpler way to pay your employee
KPay
12 December 2024
We are excited to introduce the new Payroll management feature in Fast Payment Account! Designed to streamline payroll processes, this feature helps you manage payroll and salary payments more efficiently, saving time and reducing the manpower required for employee payroll management.
Introduction

For SMEs, approximately 30% of expenses come from employee salaries. When managing a mix of full-time, part-time, and temporary staff, payroll processes can become time-consuming and error-prone. From calculating salaries to scheduling payments, manual handling often leads to inefficiencies and mistakes. To tackle these challenges, we are excited to introduce the new Payroll Management feature in Fast Payment Account! Designed to streamline payroll processes, this feature helps you manage payroll and salary payments more efficiently, saving time and reducing the manpower required for employee payroll management.
 

4 key benefits of Payroll Management

1. User-friendly: Set up in just a few steps for easy, simplified operation.
2. Streamlined payroll management: Automate payroll generation to boost efficiency.
3. Flexible and efficient: Supports multiple payment methods and payroll cycles to suit diverse business needs.
4. All-in-one management: Centralised control of business expenses and employee salaries for clear financial oversight.

Key features of Payroll Management

Feature 1: Quickly create employee profiles for simplified payroll management
Easily create employee profiles to improve payroll efficiency:

 

Invitation link

Generate a unique invitation link and share it via WhatsApp or email. Employees can fill in their payroll information themselves, streamlining the registration process.

 

Manual data input

Manually input basic employee details such as bank account, department, and position to quickly create profiles.

Convert existing payees to employees

Turn existing payees into employees by adding payroll-related details to their profiles.


Feature 2: Automate payroll generation for increased payroll efficiency
Flexibly set up payroll for monthly, weekly, or daily payments. With the “Auto payroll generation” feature, you only need to set up the payroll once. The system will automatically generate new payrolls before each payroll cycle based on your chosen schedule, reducing repetitive tasks and saving time. Simplify and optimise payroll management with ease!

 

Feature 3: Manage employee profiles and payroll records

Quickly search payroll records or employee profiles within the system for easy access to critical information. If an employee leaves the company, simply update their status to “offboarded”, and you can instantly process their final payment. The system allows only authorised users to operate, ensuring payroll data is secure and confidential. Efficient, secure, and hassle-free!

Solve real payroll challenges with payroll management

Payroll management for short-term staff in the F&B industry

Easily register information for part-time, short-term contract, or temporary staff. Pay daily wages instantly via FPS without relying on automated transfers. The system also automatically emails payslips to employees, making payroll management simple and efficient, helping you handle short-term staffing needs with ease.

 

Reduce administrative burden for one man businesses
Even without an HR or accounting team, payroll management allows you to automate payroll processes with ease. Save time on administrative tasks and focus more on growing your business and serving your customers.
 

Upgrade from cheque-based payroll to FPS for simpler management

For businesses still using cheque for payroll, switch to FPS for instant payments or set up automated payroll schedules. Enjoy higher efficiency with digital payments and auto-generated payroll records, ensuring accurate and reliable expense tracking.

 

Get started with Fast Payment Account

Boost payroll efficiency today

[Apply now]

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