Payroll Outsourcing Services

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Payroll Outsourcing Services

To ensure the smooth functioning of the salary payments of your company, there is a system of payroll management. The payroll management system is usually handled by in house human resources and accounting departments. However, there are various organisations which are in their inception stage, which do not have payroll departments. For these types of organisations, there is a requirement of a proper payroll process outsourcing.

How does a payroll process outsourcing service work?

In a traditional payroll model, the organisation has separate professionals in accounts to handle the accounts and payroll departments. The payroll department ensures the timely payment of wages to the employees, deductions which are required to be taken as per the Income Tax Laws, Pension Laws and Labour Labours. Apart from this, the payroll department also ensures that the deductions have been made and the employees receive their respective Cost to Company (CTC).

In the payroll outsourcing model, the payroll needs would be handled by a third party company which is independent of the company that is availing the outsourcing service. The payroll outsourcing company, also known as the third party company, will ensure that they handle all the payroll work. Payroll outsourcing will help in providing the maximum value of your current business goals and objectives. Payroll outsourcing management uses the mix of traditional payroll processing models with the use of technology. In this day payroll outsourcing has moved on to the cloud-based payroll processing models.

Scope of Payroll Outsourcing Services

Fintechasia is the leading payroll outsourcing company in Asia. To achieve this, we have an experienced team of professionals dealing in payroll processing systems. We ensure the use of proper payroll processing systems which is systematic and at the same time compliant with the laws of the land.

Why use Fintechasia Payroll Outsourcing Services:

  • By using Fintechasia Payroll Outsourcing Services, your organisation will get expert advice in the field of payroll processing.
  • Match the needs of your organisation requirements.
  • Ensure that there is compliance with the requirement of Income Tax, Pension, Labour laws and other laws that affect the payroll.
  • Our service will not only stop at providing payroll outsourcing, but we will ensure that the tax is calculated and appropriately deducted before paying the employees of your organisation.
  • By using our payroll outsourcing services, you can concentrate on the main goals of the business.
  • Our services will use cloud-based methods and technology to ensure that your employees get paid on time.
  • Using our payroll process system will help you decide finance options as required by your organisation.

Service Process in Brief

Our payroll outsourcing system can be established in the following way:

  • Approach our website and fill in the required information regarding the requirement of the payroll process.
  • Our team will get back to you and discuss the needs of payroll outsourcing. Some of the services that are offered by us are below:

    • Payroll Management.

    • Filing of Income Tax.

    • Statutory and Regulatory Compliance.

    • Forms related to deductions such as taxation – Form 16A and 16B.

    • Tax Calculation.

  • Once the service has been finalised your organisation will receive an MIS software for payroll processes.
  • If there are any issues regarding the system our team of dedicated professionals will resolve it as soon as possible.

Benefits of Taking Payroll Outsourcing Services

  • Our team of expert professionals are well versed in the payroll outsourcing process.
  • Saves time and expense by outsourcing the work to Fintechasia.
  • Your organisation can concentrate on the main goals and leave the services to our team of expert professionals.
  • Our service would provide you with an MIS Reporting software regarding the handling of payroll outsourcing services.
  • Your organisation would not need to have a separate payroll department for processing the payroll of your employees.

Growth Opportunities

  • Using our service would save time and expense in not having a separate in house payroll outsourcing department for your firm.
  • Your business can diversify into other areas and leave the debt recovery process to our team.
  • Our team of experts have expertise in payroll processes and management systems.
  • Use of our technology would help in developing your organisation with the current technological trends prevailing in society.

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What Our Client Is Saying

Wuhan Ching

Wuhan Ching

China

Right from NBFC consultation to Auditing Services, Fintechasia is a one stop shop for all your professional needs. They were very courteous and professional in their approach. We would definitely recommend their service to anyone seeking professional help

Tobby Carioca

Tobby Carioca

Malaysia

Fintechasia has provided me exceptional service when I consulted them for my NBFC business. From initial consultation to registering my NBFC business they were proficient and expert in their advice. I would highly recommend them for NBFC services.

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