MANILA, Philippines - Globe Business, the corporate arm of Globe Telecom, on Monday launched an online solution to help small and medium businesses address "payroll pain" or problems arising from the payroll process.
The PayrollCloud uses advanced cloud technology to store and process a company's payroll data.
In a press conference, Globe Business head Boboy Romero said PayrollCloud is the first payroll SAS (software as a service) from a cloud to be launched by a telecommunications company in the Philippines.
"We are breaking new ground, leading the industry. We strongly feel this is something small and medium businesses can take advantage of, and even large enterprises say they are interested in this," he said.
With the Payroll Cloud, businesses can use a computerized payroll system that is low-cost, customized, convenient and secure. It helps companies comply with Philippine payroll and government requirements.
Manny Escosa, Globe Business marketing head for SMB, said the PayrollCloud makes the payroll process much easier for small and medium businesses.
"We took a look at the biggest pain points (of SMBs) - payroll. It's done regularly, very tedious and usually done manually in a lot of SMBs. We wanted to apply the cloud solution so all the benefits can answer the pain points," Escosa said.
Monthly subscription, which includes 2 Mbps Globe DSL, is as low as P3,400. Pricing depends on the subscription package (basic, advanced and pro) and the company's number of employees.
The basic package provides payroll computing engine, automated report generation for payslip, SSS, GSIS, PhilHealth, Pag-Ibig and BIR remittance reports. The advance package offers the same as the basic package, plus timekeeping and leaves management.
The pro package offers a complete suite of products, including employee self-service (travel and entertainment expense submission and reimbursement via payroll).
For the system, Globe said it partnered with a Filipino-owned company that is registered in Singapore and has operations in Southeast Asia. The company said it will announce the partnership at a later date.