10 Reasons to Invest in Payroll Software Today

payroll software

Asia’s business hub Singapore has been changing continuously and to keep up with the pace of global business trends and policies. A sense adopting what’s coming new and to release what has become obsolete is the foremost essential required.

Integrating HR and payroll software helps reduce administrative workload by up to 40% along with minimizing crucial and expensive human errors that occur frequently in manual data processing.Payroll software are viable enough to handle everything from recruitment and onboarding to leave management, attendance tracking, and accurate payroll calculation, along with ensuring complete compliance with Singapore’s labour laws and CPF contributions.

The payroll outsourcing market is on all time rise, with projections indicating towards a 

rise from $12.01 billion in 2024 to $17.58 billion by 2029, impacted by factors like cost efficiency and compliance requirements. 

Payroll outsourcing Trends 2025

Also Read: HRIS Software | All-In- One HR Platform

  • The global payroll outsourcing market has reached USD 9.7 Billion in 2024 and is projected to cross USD 15.5 Billion by 2033. 
  • The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.04% between 2025 and 2033. 
  • The payroll outsourcing market is expected to grow to $17.58 billion in 2029 at a CAGR of 8.0%. 
  • The Payroll Outsourcing Market size is estimated at USD 12.44 billion in 2025. 
  • The market is expected to cross the USD 16.87 billion mark by 2030, at a CAGR of 6.27% during the forecast period (2025-2030). 

Top Reasons to Invest in Payroll Software

1. Automating Payroll for Enhanced Accuracy

Payroll automation minimizes human errors in calculations. Reports show that automated systems achieve 99.7% accuracy in payroll processing relatively to 87% with manual processes.

Payroll Software handles complex calculations for

  • CPF contributions
  • Additional Wage calculations
  • Overtime and shift differentials
  • Bonuses and commissions
  • Tax withholdings

Employees experience consistent and error-free compensation processes. Self-service portals enable staff to access pay details, reducing HR inquiries by approximately 40%.

2. Quicker Payroll Processing

Manual payroll processing is always time-consuming. You have to ensure all the information is entered accurately and that everything is as required before submitting to statutory bodies. In case of any errors, you will have to fix and start with all over again.

3. Faster Filing of Payroll Taxes

Payroll softwares helps you file your payroll taxes fastly and easily. Softwares are tough enough to handle all the calculations for you, as they are designed to handle any team sizes and complexities.

4. Lower Cost of Payroll Taxes

Expenses increase for manual payroll processes which are associated with hiring an accountant or bookkeeper to maintain records for your payroll taxes, and they never change as per your business revenues and needs whereas software could be customized with features as per your team sizes and needs.

5. Avoid Mistakes

Payroll taxes and the processes related are mostly complicated, and in case of any inaccurate submission, you could be penalised from statutory bodies like IRAS. Softwares runs with ML and learns and in case of any uneven entry, it notifies and never directly submits, which helps you review your call more than once.

6. Get Rid of Paperwork

Paperwork involved in payroll taxes submission eats up space at workplaces as you have to maintain track of employee details, keep copies of their W-2s and file the forms as required. Using payroll softwares takes away all this and you don’t have to worry about any paperwork or maintain any such record.

 7. Better Security

PDPA compliance guidelines clearly outline the repercussions in case of any accuracy or non compliance. These instances occurring frequently could tarnish the reputation of any business. An ideal payroll software overcomes all this and enables a business to save and keep their employee data safely and securely fulfilling the compliance as stated by PDPA guidelines.

Also Read: What is the Purpose of a Performance Appraisal?

Why Choose PeopleCentral Payroll Software?

A Multi-Award Winning & AI-enabled HR & Payroll Platform Empowering HR in Singapore. All-in-one, easy-to-use AI-enabled HRMS Platform Empowering HR offering total automated solutions with various pre-approved grants PSG, Tech-And-GO, Digi-TAC. Trusted by over 100,000+ Users in Singapore.

Key Features

  • Full-Service Payroll: People Central automates payroll processing, including IRAS, IR8A and other tax filings, direct deposits along with simple options for customisation.
  • Employee Benefits, Compliance Management, Employee Self-Service, Integration Options, Employee, Leaves, Claim, Payroll, Appraisal, Timesheet, Schedule, Announcements, Reminders & Alerts, Workflow

Best For

Small to large-sized businesses, which needs a simple yet efficient payroll and HR solution with easy-to-use features and 24*7 support.

Conclusion

Make sure you understand the levels of security measures adopted by the payroll software, it would only ensure how your employee data is being handled and secured. Sometimes a business chooses a low cost payroll softwares and never checks on their security measures to mitigate risks, remember that only in 2023, employee data breaches in Singapore jumped to a five-year high, with 3,208 breaches reported, a 41% increase from 2,279 in 2022 along with Ransomware attacks on employee rising by 57%.

 

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Why Smepayroll

Customer Testimonials

Find out how our clients thrive using one of the best singapore's payroll software.

Yin Kang

“I find this software very user-friendly and is suited for computer users of all proficiency levels. For myself, every month it only takes me 10 -15 minutes to do up the payroll for the entire company.”

Yin Kang
HR - Goh Boon Kok
Jenny Foo

"We are happy and satisfied with SMEPayroll software and the better tech support provided for the user. This software is user friendly and the support team is very responsive and helpful. Highly recommended!"

Jenny Foo
HR & Admin Manager - U Pins
Lucas Seah

"SMEPayroll is a very powerful tool and I thank the SME Payroll account manager for actively assisting me several times. The software is also regularly updated base on the requirements of Singapore law."

Lucas Seah
MD - Execllence Singapore
Jennifer R. Crizaldo

"SMEPayroll is so simple to use that I didn’t even need to look at the instructions, it was self-explanatory and user-friendly. I would have no hesitation in recommending SMEPayroll to any business looking for excellence in product and service."

Jennifer R. Crizaldo
HR Officer - Cem Pyramid
Vishal Attal

"We have been using SME Payroll product for more than 4 years now. We are impressed with simple ways of processing payroll, bank & CPF payroll feeds and continuous updates to the system. Keep up the good work!"

Vishal Attal
Director - Kaira Global
Kalavathi

"With reference to the payroll as a client, we are satisfied with the software. Its veryuser-friendly, easy to use & the support is very efficient. After the payroll has been install in the company our job has really been smooth & efficient. We wish SMEPayroll to continue like the same."

Kalavathi
Accounts - CKR Contract Services
Katherine

"I have been working with SME Payroll software for years now and I have been highly satisfied. When there is any issue with regards to upgrades, the team is just a phone call away. They are comfortable to work remotely and fix pretty much any problem in that manner. Working with a reliable system is important. This is why you would want to work with SMEPayroll."

Katherine
Principal - The Little House (Montessori)
Surjit Mehendale

"We are using SMEPayroll since the year 2008 the year in which we incorporated Goodwood. It is running very well and it’s very user-friendly. We are satisfied with your support team as well. They are prompt in their responses. They provide us updates periodically which we really appreciate. Keep it up and all the best to A&B for its future way."

Surjit Mehendale
A/C Manager - Goodwood Ship
Jono Law

"I am very glad that the support team has been giving very good support. The support team is supportive and has been providing my company an excellent tech support. The support team is understanding, patience and provides me with a very detailed understanding of the software usage. I just want to say thank you to the support team for his excellence service."

Jono Law
A/C Manager - Absolute Career Enterprise
Michelle Ng

"SMEPayroll provided a comprehensive training session for us to learn how to operate the system. With the use of the software, we were able to generate payrolls faster and more efficiently. SMEPayroll also comes with “Alerts and Reminders” which sends compliance updates automatically when declared, and has eased the overall HR process for us as an SME."

Michelle Ng
Manager - Pink Apple
Hans Van Roosmalen

"SMEPAYROLL has proven to be the right choice for us. It offers more than sufficient modules and possibilities, inclusive departments, leave management, progress management, e-filing of CPF and IRAS and much more. The support of the helpdesk is quick and to the point and the people are always willing to go the extra mile to help and advise."

Hans Van Roosmalen
MD - Wolero
Susan Ling

"SME payroll is user friendly and easy to use. It has comprehensive features as it includes leave, birthday, passport expiry reminders etc. IT support is also prompt and usually solves my issues within a day or 2 providing me with a smooth and uninterrupted experience. SME Payroll also listens to our needs and feedback and is quick to update and incorporate changes in the system when necessary."

Susan Ling
CA - Timeplus Business Concepts
Kellie Webster

"We are very happy with the SMEPayroll software and feel that the tech support provided is fast, efficient and helpful."

Kellie Webster
Office Manager - The Butcher
Lorena Cruz

"Sales and after-sales customer service are commendable. Technical support is also very supportive."

Lorena Cruz
A/C Executive - Duprex (S)
Fatima Gani

"We are happy to use SME payroll for our office. They are very supportive."

Fatima Gani
Employee - Vulpes Investment Management
FV Soma

"We are writing to appreciate your Company for providing us SMEPayroll software that is well supporting our administrative and accounting function for our business requirement. Our accounts department has been using the SMEPayroll for many years. We wish to comment on the fact that despite our relatively high transaction volume, we are pleased and satisfied with the performance of the software in terms of its overall reliability and user-friendly Features that even our marketing department is able to extract figure for their planning and monthly report."

V Soma
Director - Glomax Maintenance
ArulJ

"We Thankful to you for your Great Support on these much of days and in upcoming period also. I really appreciate your Supporting team, whenever we request for Clarification – within a few Minutes we will get Clarified reply from either in call or by TeamViewer. Over Telephone call also your team will reply to our queries in very polite and respectful manner with Clear picture, it’s really appreciable. We are more comfort proceed our payroll process in SME payroll."

Arul.J
Admin Executive - Universal Solution

case studies

Below are a few of the case studies showcasing our commitment to deliverables.

Singapore Petroleum Corporation

SMEPayroll customized solution enabled SPC in providing a solution to all its40 service stations making it convenient for the stations to manage the payroll as well as HR activities as an individual entity, with global management for the head office.

Glomax Maintenance Services

GMS’s Management team possesses a wealth of experience spanning several decades. GMS needed an HR & Payroll solution that could accommodate various scenarios and options, as a family-orientedculture GMS didn’t want to leave any employee behind.

Snip Avenue

Snip Avenue has been using SME payroll for about 8 years to date. SME Payroll is a user-friendly software that suits the needs and wants of our requirements. We would highly recommend the use of SME Payroll.

SMEPayroll Reviews

Below are a few of the client reviews showcasing our commitment to deliverables.

M

MARY-ANN AC

Jovie is quick in helping us when we're encountering issues with the system. She is fast to respond and have a patience to explain why we encountered the problem. thumbs up for her.

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felcia ang

Sam is very helpful and efficient! I always look for him if I need help with smepayroll portal and he will always try his his best to give me a quick solution. Thank you Sam.

K

Ke Min Boon

I would like to thank you Sam for helping me. Very fast response and he also will try his best to solve all the problem for me.

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Divya Gupta

Satisfied with it. I recommend this product to everyone. It is very convenient and customer service is very reactive.

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Amy Tiong

We are very happy with the SMEPayroll software and feel that the tech support provided is fast, efficient and helpful. Smepayroll is very user friendly and easy to use. "I want to give 5 stars for Mr Amandeep Singh for the Mesmeric and Best support "

S

Sarena Duran

Good Product & Service, Being using it for over 5 years and very satisfied. Thanks to the SMEPayroll Team.

M

Maki Kuratani

I can get answer soon after i drop inquiries. If I am not sure how to solve the issue, they can always support me by remote control and show me how to do it. it can help me to understand the system more. They are very helpful.

G

Gloria Barroga

The support of the help desk is quick and to the point and the people are always willing to go the extra mile to help and advice..We are very happy with the SMEPayroll software and feel that the tech support provided is fast, efficient and helpful Personally i want to thank Mr Amandeep Singh for his dedication to the clients relationship and best ever support.

J

Judith

Reliable and operational for Payroll work. All standard formulas that are according to MOM laws. Mr Amandeep singh is so supportive and best ever giving in instant and best support.

W

Waleed Bin Afzal

We are using the SME Payroll from the past one year and it is a complete packaged application that covers all the major pain points of the end user regarding HR and Payroll. The support team for SME payroll is also very active in responding to any query raised from the end user. They are so humble to serve you for your query. And it would be a little biased if I will not mention the name of Amandeep. He is the man who mostly interacted with me to resolve any of my issues regarding SME. He is such a kind, humble person that always makes it sure to address all the issues of the end user efficiently. He is one gem of a person really. Keep rocking man!

Y

Yuzhu

Our company,SAINTMARC PL. have been using the SMEPAYROLL software from Jan 2016.The system is user-friendly and meets all our requirements of a HR/payroll software. Features that we find extremely useful are: - Employee records are easily stored and retrievable, and it allows us to attach scanned images of NRIC,Certificates,etc. The dashboard provides a good overview of important dates, e.g pending employee confirmation and pass expiry dates - Monthly payroll becomes a breeze.The system is able to compute different salary rates on weekday,weekends and public holidays, among others.It generates the CPF and bank IBG files,in a format that is compatible with CPF Board and the bank for easier submission - The year-end IR8A submission is made simpler,as it will generate the IR8A for all employees.Their system is compatible with IRAS. Overall,the software is straightforward and after the sessions of training prior to using it, we were able to use it effectively.On top of that, SMEPAYROLL has for two year provided timely assistance any time we have inquiries or issues.Their trainers have been extremely helpful and attentive to our needs. We will continue to use the SMEPAYROLL software for a long time.

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