For Small and Medium Enterprises (SMEs) in the Philippines, cash flow is king. The priority is always making sure it earns enough to pay your bills, and if lucky, make a little profit. So entertaining the idea of automated cloud payroll and HR software conjures nightmarish astronomical bills better spent elsewhere. And pray on the altar of the Great Excel he will carry your weight.
But times and technology have changed. Technology, the Great Equalizer, now makes it possible for Philippine SMEs with 50 to 500 employees to enjoy what used to be the exclusive privilege of large enterprises: cloud payroll and HR software.
Here are ten cloud payroll options for small and medium enterprises (SMEs) in the Philippines that cost less than PHP 20,000 per month:
easyHR is a cloud-based payroll solution that automates statutory payroll deductions like BIR, HDMF, SSS, and PhilHealth. It likewise automates DTR computation of tardiness, absences, undertime, overtime, Holidays, and all leave types. EasyHR also has an employee self service (ESS) portal and mobile app so that HR employees can make better use of their time. EasyHR starts at PHP 6,600.
Book a free demo now at https://human-incubator.com/easy-hr/
PayrollHero is a cloud HR and payroll platform that offers a variety of features and add-ons including HRIS, Timekeeping, Attendance and Scheduling and Lucy, your employee’s personal HR A.I. Assistant. Prices are PHP 476 per employee per month.
PayrollPanda is a cloud-based payroll and HR platform that offers payroll processing, employee benefits management, and attendance tracking. Base price is PHP 405 per month plus PHP 86 per employee per month plus Service Tax (SST).
- QuickBooks Online Payroll
QuickBooks Online Payroll is a payroll solution that integrates with QuickBooks Online accounting software. It offers payroll processing, employee benefits management, and tax compliance features. It also allows for the creation of custom pay rates and pay types, as well as the ability to track employee leave and expenses. Prices start at PHP 2,100 per month plus PHP 448 per employee per month.
- Xero Payroll
Xero Payroll is a cloud-based payroll solution that’s an add-on to and integrates with Xero accounting software. It offers automated online payroll processing that calculates tax, pension, and leave. Prices start at PHP 3,000 per month.
- SAP SuccessFactors Employee Central Payroll
SAP SuccessFactors Employee Central Payroll is a cloud-based payroll solution that offers online payroll processing, as well as calculating employee benefits, and tax compliance features. Prices start at PHP 15,000 per month.
PayrollCloud is a fully secure, totally confidential payroll system that’s easy to use. It features a convenient Employee Kiosk, secure HR and document storage, and full reporting suite. Prices start at PHP 14,112 per month.
Payfit is an all-in-one payroll and HR software for payroll management and automatic submissions. It features integration with HR, accounting, and pension providers. Leave and absences management as well as expense and people management are additional options. Prices start at about PHP 12,000 per month.
- Workforce Payroll
Workforce Payroll boasts of pre-built integrations that result in payroll processing that takes minutes, not hours. Connect everything in a few clicks, then see employee timesheets synced to your payroll & HRIS systems. Approving PTO and updating balances is a headache when everything lives in yet another system. With Workforce.com, PTO, timesheets, and schedules are managed in a single mobile app that everyone uses. At the end of the day it’s all synced to payroll as the single source of truth. Prices start at about PHP 12,000 per month.
- Cloud Payroll by Globe
Designed for Philippine SMEs, Cloud Payroll is best suited for businesses with work from home or field employees. It’s also ideal for cloud-based web portals and mobile apps for employee timekeeping. Cloud Payroll by Globe generates files for salary disbursement. Prices start at PHP 7,000 per month for 100 employees.
It is important to note that these prices are estimates and may vary depending on currency conversion and based on the specific needs and requirements of your business. It is always a good idea to compare different payroll solutions and do your own research before choosing the one that is right for your business.
Use this list as reference, but do your due diligence to find out which one works with what your business actually needs now, and be as future-proof as well, meaning it can scale.
Consider getting cloud payroll and HR software now and go ahead and walk tall with the Big Boys!