DESTINY

Emerging business challenges have compelled companies to focus more on their core business activities and find effective ways of managing other areas. HR and Payroll management is also one of those business processes where companies feel they can optimize their business by outsourcing.

Sofcom, with years of experience in the development and successful implementation of its HR application HARMONY, now offers a premium payroll and HR outsourcing service, Destiny. We aim to provide a professional service in which payroll and HR operations are processed accurately and in a timely manner.

Scope of Destiny

Salary calculation – allowance and deductions
Income tax calculation and reports as per rules and regulations
Fund deduction and balances
Employee loan installments and their profit/markup calculations
Employee leave without pay
Regulated employee funds contribution and reporting
Overtime calculation
Bonus calculation
Expense management claim and reimbursement
Management reporting
Employee portal to view employee profile, payslips and income tax worksheet, funds balances, loan balances, expense entitlement, and personal attendance record.
Employee portal to manage request for withdrawals, request for loans, manage attendance exception, and claim expense reimbursements.
Manager portal to view direct/indirect reports profile, salary, leave, and attendance information.
Manager portal to approve or reject attendance exception, expense claims.
Integration with existing ERP or finance software

Payroll outsourcing brings many benefits

Focus on core business
Low acquisition cost
Compliance greater cost saving
Predictable cost
Less dependency on individuals
Accuracy and timelines