Payroll - Fulcrum Corporate Services

Payroll

Payroll processing is one of the most crucial support functions in any business that is subject to various laws, regulations and statutory requirements which need to handle with the utmost attention.

Payroll outsourcing has become a preferred solution for businesses, as they aim to manage resources better by not allowing non-revenue generating activities to slow down productivity. We possess the necessary payroll professionals, combined with systems and tools to enable companies to focus on their business while we take care of their payroll needs.

Our payroll professionals have the expertise, experience, systems, and procedures to deliver accurate, timely and comprehensive payroll services.

Regional Payroll Services / Multi-country Payroll Outsourcing

Calculation and transfer of net pay into the employees’ bank accounts via bank accounts.
Calculation and remittance of Employees Provident Fund (“EPF”), Social Security Organisation (“SOCSO”), Employment Insurance System (“EIS”) contributions, Zakat, HDRF, Tabung Haji and Monthly Tax Deduction (“MTD/CP38”) to the authorities via bank accounts.
Provision of monthly payroll reports or any other related reports as per client’s requirement and forward to the designated authorised personnel in your office for approval.

Distribution of payslips in soft copy via email to individual employees with password protection or login to secured cloud ESS portal or hard copy in carbonised and sealed form is available if required.
Managing and administering employees’ leave entitlement and utilization.
Preparation of Forms EA, PCB II and Employer’s Returns (Form E).
Professional payroll advisory
Payroll report analysis

Benefits of Payroll Outsourcing

Cost-effectiveness

Instead of incurring headcount costs for an internal payroll department, outsourcing payroll allows that cost to be shared with other businesses. In addition, other non-measurable staff related costs such as recruiting training, medical benefits, amenities, and time to manage an internal payroll department can be saved with outsourcing your payroll function.

Focus on core business function

Enable your company to focus on revenue-generating activities instead of managing a support function such as payroll. The management team of your business will be able to focus on value added activities with their time contributing to generating revenue.

Payroll management with cloud-based payroll software

Instead of hiring payroll staff and paying for a payroll software to manage your payroll needs, our payroll professionals deploy the most relevant payroll software to manage your payroll. The deployed software provides real time data and reports to be customized based on client’s needs.

High-level confidentiality and payroll security information

Payroll information has high level confidentiality. Our payroll professionals serve as an external point of your payroll process, further reducing the risk of breaching confidentiality and strengthening the internal control of your payroll processes.

Continuity in payroll operations

In an organization, payroll is a vital process that is carried out by only a few selected staff. Any staff turnover could disrupt the payroll process which has severe impact on the wider staff in an organization. Outsourcing payroll would remove such impact, by relying on payroll outsourcing an organization will be able to maintain a consistent approach to managing payroll, mitigating disruptions that could arise from internally managed payroll department.

“Serving as the Pivot for your Business Success”

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