Introducing Sprout Payroll: A Top Choice for Simpler Payroll Processing


Posted April 26, 2024 by prauthor

Sprout Solutions offers a new cloud-based payroll system to elevate payroll management for Filipino businesses.

 
Leading Filipino HR and payroll software provider Sprout Solutions is excited to introduce the all-new Sprout Payroll, a cloud-based payroll management solution. The software helps growing businesses streamline employee payroll, saving them time and effort while ensuring compliance with Philippine tax laws and prompt payments.

Sprout Payroll’s Key Features

Automating payroll with Sprout's payroll software solution minimizes the risk of errors and ensures accurate compensation, contributions, and tax calculations. Our solution also generates essential reports, significantly cutting down processing times by up to 90%.

Sprout Payroll’s key features include:
- Payroll processing with 32 types of pay rates, from premium pay to chained rates
- Instant generation of SSS, PhilHealth, Pag-IBIG, and BIR forms and certificates of contribution or loan
- Updated tax computation and employee contribution tables
- Role-based access control - a feature that restricts user access to those with defined roles
- A general ledger for tracking an organization’s financial activities
- Multi-factor authentication to prevent unauthorized access

Additionally, the system is used together with Sprout’s online HR software, which helps reduce payroll discrepancies through real-time attendance monitoring, ensuring accurate records are produced and used in payroll computations.

Why Use Sprout’s Digital Payroll Solution

Payroll administration can be a time-consuming task for businesses of all sizes. Research shows that payroll specialists spend an average of 50 hours per month on compliance tasks, which can be significantly reduced with payroll software. This shift frees HR teams to focus on critical functions like talent management.

Additionally, inaccurate or delayed payments can impact employee morale and retention. Implementing a digital payroll system streamlines processes and enhances employee engagement and retention.
Real Success Stories From Filipino Companies
Before transitioning to automation, Zurich Finance Corporation faced challenges with manual payroll processing, leading to increasing salary disputes. However, upon implementing Sprout’s digital payroll solution, Zurich streamlined its payroll process, resulting in a significant reduction in disputes.

Similarly, i-FERN experienced issues with manual attendance and payroll processing but achieved significant improvements in processing times and dispute reduction after adopting Sprout’s HRIS and payroll management software.

To learn more about Sprout Payroll and how it simplifies payroll processing, visit the Sprout Solutions website today.

About Sprout Solutions

Sprout Solutions is the largest homegrown B2B SaaS company and the trusted HR tech company in the Philippines. It offers a cloud-based platform that automates and simplifies manual and complex HR processes, reducing time spent on administrative tasks and eliminating common HR challenges across the employee lifecycle.
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Contact Email [email protected]
Issued By Sprout PH / sprout.ph
Business Address Sprout Solutions HQ, Lawton Avenue, McKinley West Fort Bonifacio
Country Philippines
Categories Human Resources
Tags sprout hris , payroll software solution , payroll software , online hr software
Last Updated April 26, 2024