dotdailydose
Small and medium enterprises (SMEs) now have an easier time complying with government regulations with the official launch of Payroll for Small Businesses by Sprout Solutions at the Department of Information and Communications Technology’s (DICT) Tech Advantage summit last November 21.
Sprout Solutions is a software-as-a-service (SaaS) company based in the Philippines that aims to help businesses through their suite of innovative HR and payroll management solutions.
Payroll for Small Businesses is part of Sprout’s advocacy for improving businesses in the Philippines by giving them access to solutions that will help them grow. Small businesses don’t always have enough resources to efficiently process payroll, which is why Sprout is offering their payroll module for free until they are ready to avail of the full range of services.
“Sprout wants to empower every small business in the Philippines through technology. Founded by our CEO Patrick Gentry, we started as a small business a couple of years ago, and this is our way of giving back to our fellow entrepreneurs who want to make an impact in their respective industries,” said Eduardo Gutierrez, Sprout Solutions Director of Innovations.
According to the 2018 List of Establishments of the Philippine Statistics Authority (PSA), medium-sized and smaller enterprises make up 99.52% of registered businesses in the Philippines. Many SMEs simply lack the manpower to efficiently process payroll while allowing their HR to focus towards strategic responsibilities like skill and capacity building.
Sprout’s main direction has always been to help businesses by solving problems with compliance. Avoiding non-compliance can bog down budding businesses because of the time and effort it takes to carry out the iterative tasks of payroll and timekeeping. This problem is even more critical for smaller businesses that need to focus resources on operational concerns rather than administrative tasks.
Getting Payroll for Small Businesses up and running takes only five to 10 days, and users can expect support throughout the entire onboarding process, and any time that help is needed with the payroll process. A mixed team of Prince2-certified project managers, expert payroll advisers, and product support staff are ready to address any concerns regarding both the software and payroll.
Product Highlights
- Process payroll in just a few clicks
- Automate government reports, available anytime
- Eliminate miscalculations with automation
- User-friendly and intuitive interface
- Access payslips from anywhere
- Automated Tax and Government Deductions
- Government Compliance – Audited by DOLE
Aside from the web-based signup and verification, which allows users to initiate the process from the comfort of their own homes, Sprout reaches out to provide basic setup instructions and free payroll training. Sprout also provides a self-onboarding tool, which walks new users through the software’s interface, and access to an extensive knowledge base for both the software and Philippine payroll requirements.
For more visual learners, users can opt to use Sprout Academy, a learning management solution, which provides a more comprehensive learning experience.
Sprout’s payroll solution offers businesses the ability to easily overcome the compliance problem by automating the payroll process, including automatic generation of over 20 government reports and calculation of 32 different pay rates. Business can leverage the technology to navigate tricky regulations that stifle an HR department’s ability to focus on enriching the employee knowledge pool.
It’s not just the automated payroll that helps businesses comply with government requirements, because aside from tax and contributions, the Data Privacy Act of 2012 has mandated companies to adhere to strict standards when it comes to protecting sensitive data. However, with Sprout’s cloud-based 201 file database management and ISO 27001 certification for information security, users can rest assured that their data remains secure.
Sprout Solutions aims to impact Filipino lives through helping businesses redirect resources to skill and capacity building. By alleviating the burden of resource-heavy and repetitive payroll and timekeeping responsibilities, companies can now have their HR departments invest in developing people, leading to improved employee confidence, low employment turnover, which ultimately saves businesses time and money.
###
