ADP walked off with gold at this year's Vendors of the Year (VOTY) awards in Singapore, with Payroll2U bagging silver, and PayrollServe and Times Software the bronze.
In the tenth year of the VOTY research, all winners were determined on a two-tier selection process.
First, the finalists were identified through an extensive online survey of HR managers in Asia on their preferences.
These finalists then submitted documentation to verify their credentials, which was validated by a panel of 19 HR leaders from some of the region’s largest employers.
In effect, for every category, the very end users of such services were the ones who made the critical decision of selecting the best.
Best payroll software
Gold ADP Silver Payroll2U Bronze PayrollServe | Times Software
Finalists (in alphabetical order) Info-Tech Systems Integrators JustLogin NGA HR APJ Ramco Systems Ready Software Sage Software Asia SAP Unit4 Asia Pacific
Back in the "good old" days, employees got a cheque at the end of the month, and if they were lucky they received a copy of the payslip.
Personnel would take hours out of their routine to make the process happen.
This was driven by a number of variables such as the total staff strength, the size and complexity of the company structure, frequency of the payroll process, and the level of control and layers of management the process needed approval from before the pay was disbursed.
In fact, HR managers would repeatedly complain about being held back by productivity killers such as paperwork, payroll processing and routine training sessions, before efforts to automate these processes started to emerge.
A report by SilkRoad found 72% of HR professionals admitted that a lack of automation in talent management was holding them back from business success.
How times have changed.
The typical payslip is now automatically emailed to employees, or uploaded to a secure network, easily accessible, and providing a breakdown of all the elements that went into its making – such as salary, commission, bonus, flexible benefits, tax, leave, expenses, time and attendance.
Alongside, there has been a focus on employee self-service, with a number of solutions now available to cater to self-service capabilities, cloud-based accessibility and multiple layers of security.
All of these factors have conspired to make a smart payroll package an essential item for all companies.
In this year's Vendors of the Year, Singapore, the winners and finalists of the Best Payroll Software category are the companies which have developed the most intuitive and most valuable payroll systems.