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Accounting & Payroll Outsourcing
Whether you are a human resource professional, accountant or entrepreneur, mundane tasks like administering payroll and accounting should be your last concern. These businessmen and professionals should focus on more pressing and strategic matters to help their business stay competitive rather than keeping up with changes in labour legislation, accounting standards, laws, policies and practices. Leave the routine payroll and accounting to us, while you get accurate and timely information, uncompromised professional advice and complete confidentiality of data at all times.
Reduce Cost & Enhance Confidentiality
The direct costs of processing payroll and accounting can be greatly reduced by working with CandidateAsia. Our research indicates that a small business of 10 employees will typically spend at least S$3,000 per month in direct and indirect labour costs associated with payroll and accounting.
Moreover, it may not be cost-effective for companies to either maintain an in-house accounting and payroll software or continuously upgrade the vendor’s software.These upkeep and maintenance of software and database incur recurring fees and salaries which are non-revenue generating investments. Besides, confidentiality of payroll or accounting may not be contained if handled in-house. Outsourcing accounting or payroll to us removes these concerns and keeps the system running cost-effectively and efficiently.
Eliminate Risk & Improve Performance
Accounting or payroll processing is a time-consuming process. Outsourcing these functions can free up staff time to pursue more important value-added and revenue-generating activities.
Even if there is turnover in your accounting or payroll staff, these business operations will not be affected as all the knowledge of the accounting or payroll process remains firmly intact. Thus, using an outsource service provider like CandidateAsia eliminates that business risk.
Most companies do not have time to keep up with constantly changing law and regulations. By outsourcing payroll or accounting to us, smaller companies can take advantage of expertise that was previously available only to large multinational corporations. This helps to eliminate any penalty imposed by the government agencies for late or incorrect filings.