HR Tech Update: Paybeyond introduces new payroll system

HR TECHNOLOGY: Payboy, a Singapore-based payroll and human resources (HR) management software firm, has launched Paybeyond, an integrated payroll and remittance solution for paying out employees both locally and internationally.

Paybeyond offers direct, swift cross-border payments with a secure transaction system supported by Rapyd, a watchlist for remittance in several currencies to a dedicated wallet that provides storage of SGD and USD and transactions on payment modalities like as GIRO, FAST, and SWIFT.

The streamlined remittance procedures offered by Paybeyond are applicable to any employment situation, including working with freelancers, full-time workers, and contract employees. The system also ensures regulatory compliant and transparent cross-border payments.

"At Payboy, we are always looking for ways to improve and simplify our system so that entrepreneurs and businesses can eliminate any operational hassles they may experience," said Nigel Lim, Chief Executive Officer of Payboy.

"And now, by rolling out Paybeyond, we aim to help more Singaporean SMEs streamline their payroll and HR processes so they can focus on growing their business. At the same time, they can maintain their most valuable asset, the people," he added.

Payboy may also be easily connected with other leading programs in the field, such as Xero, Quickbooks, and Financio, to enable accounting processes, particularly in hiring, paying, managing, and supporting their employees centralised in one dashboard and app.

With its efficient interface, Payboy simplifies HR processes to give firms complete insight into automatic payroll computation, shift scheduling, attendance, leaves, and submitted claims.

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